Financial Performance - The company's operating revenue for Q1 2022 was ¥27,504,184.62, representing a year-on-year increase of 34.62%[4] - The net profit attributable to shareholders was -¥5,854,928.13, with a significant increase in management expenses due to higher employee compensation and operational costs from the newly established subsidiary[8] - The net cash flow from operating activities was -¥73,176,051.03, indicating a substantial negative cash flow situation[4] - The weighted average return on net assets was -0.78%, reflecting the company's financial challenges during the quarter[5] - The company reported a basic and diluted earnings per share of -¥0.06, indicating a loss per share[5] - Net loss for Q1 2022 was CNY 7,488,546.40, compared to a net loss of CNY 6,005,229.25 in Q1 2021, representing an increase in loss of 24.7%[20] - The company reported a total comprehensive loss of CNY 7,488,546.40 for Q1 2022, compared to a loss of CNY 6,005,229.25 in Q1 2021[21] Cash Flow Management - The company has taken measures to improve cash flow management in response to the negative cash flow situation[8] - Cash flow from operating activities in Q1 2022 was CNY 106,545,066.89, a decrease of 8.0% compared to CNY 116,392,688.93 in Q1 2021[24] - The cash flow from operating activities was negative at -$73,176,051.03, slightly improved from -$73,352,799.64 in the previous year[25] - The company experienced a foreign exchange impact of -$6,705.18 on cash and cash equivalents[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,347,746,504.47, down 4.66% from the end of the previous year[5] - As of March 31, 2022, the company's total assets amounted to RMB 1,347,746,504.47, a decrease from RMB 1,413,674,576.57 as of December 31, 2021, reflecting a decline of approximately 4.6%[15] - The company's current assets totaled RMB 1,139,340,481.86, down from RMB 1,202,607,620.39 at the end of 2021, indicating a decrease of about 5.3%[15] - The total liabilities decreased to CNY 585,720,727.29 in Q1 2022 from CNY 643,661,146.10 in Q1 2021, a reduction of 9.0%[18] - The total equity attributable to shareholders was CNY 752,227,845.91 in Q1 2022, down from CNY 758,118,650.60 in Q1 2021, a decrease of 0.8%[18] Operational Efficiency - The company is focused on enhancing operational efficiency and addressing cash flow issues to stabilize financial performance moving forward[8] - The company is focusing on enhancing its operational efficiency and exploring new market opportunities to drive future growth[13] - There are no significant new product launches or technological advancements reported in this quarter[13] Expenses - Research and development expenses totaled ¥7,352,549.14, accounting for 26.73% of operating revenue, a decrease of 1.23 percentage points compared to the previous year[5] - Research and development expenses for Q1 2022 were CNY 7,352,549.14, an increase of 28.7% from CNY 5,712,312.93 in Q1 2021[19] - Total operating costs for Q1 2022 were CNY 45,482,261.86, up 20.5% from CNY 37,759,272.15 in Q1 2021[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,174[10]

Financial Performance - The company achieved total operating revenue of CNY 627.92 million in 2021, representing a year-on-year growth of 12.62%[84]. - The net profit attributable to shareholders was CNY 55.89 million, with a net profit excluding non-recurring gains and losses of CNY 44.06 million[84]. - The company's total assets at the end of the reporting period were CNY 1.41 billion, and the net assets attributable to shareholders were CNY 758.12 million[84]. - The main business revenue increased by 12.85% to CNY 626.75 million, while the main business cost rose by 12.09% to CNY 427.60 million[87]. - The gross profit margin for the main business was 31.77%, an increase of 0.45 percentage points compared to the previous year[87]. - The company reported a significant increase in research and development expenses, totaling CNY 31.25 million, up 22.98% year-on-year[86]. - The company reported a 12.09% increase in total costs, amounting to CNY 427,601,239.71[94]. - The company plans to distribute a cash dividend of 1.8 yuan per 10 shares, totaling 17,040,600 yuan, which represents 30.49% of the net profit attributable to shareholders for the year 2021[5]. Research and Development - The total R&D investment amounted to ¥31,245,443.26, representing a 22.98% increase compared to the previous year, and accounting for 4.98% of the operating revenue[68]. - The company received 11 new invention patent applications and 9 utility model patent applications during the reporting period[28]. - The company has a total of 21 invention patents and 95 utility model patents as of December 31, 2021[64]. - The company has made significant advancements in core technologies through independent research and development, as well as collaboration with academic institutions[58]. - The company is focusing on full-load denitrification technology to address low-load denitrification inlet smoke temperature issues, with plans to enhance boiler efficiency through additional systems[52]. Operational Efficiency - The company aims to enhance operational efficiency, targeting a 10% reduction in costs through process optimization[140]. - The company is implementing an operational control platform project to digitize and automate management processes, improving efficiency and management effectiveness[126]. - The company has established a comprehensive welfare system, including benefits beyond statutory social insurance, such as holiday benefits, supplementary medical insurance, and annual health check-ups[170]. - The company has implemented a cost reduction and efficiency enhancement policy, optimizing process flows and improving material and equipment utilization rates to reduce greenhouse gas emissions[196]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[143]. - The company is focusing on the development of energy-saving and emission reduction solutions for non-electric industries, which are increasingly significant contributors to pollution[122]. - The company has established sales channels in Southeast Asia, Turkey, and India, and is collaborating with international partners to expand its overseas market presence[123]. - The company is committed to becoming a leading provider of comprehensive energy-saving and environmental protection solutions, driven by innovation and customer demand[121]. Environmental Responsibility - The company emphasizes ESG (Environmental, Social, and Governance) responsibilities, integrating these practices into its corporate culture and daily operations[180]. - The company has established online monitoring facilities for spray waste gas emissions, which are connected to the Qingdao Environmental Protection Bureau's monitoring system, ensuring compliance with environmental standards[194]. - The company has implemented a self-monitoring plan for environmental compliance, with all pollutant detection results meeting standards[190]. - The company has set up a dedicated safety and environmental protection department responsible for establishing and improving environmental protection systems and conducting regular environmental training[198]. Governance and Compliance - The company has a governance structure that complies with legal requirements, with a board of directors consisting of 9 members, including 3 independent directors, ensuring effective decision-making and oversight[130]. - The company strictly adhered to relevant laws and regulations for information disclosure, ensuring accuracy and completeness during the reporting period[132]. - The company maintains independence from its controlling shareholder, ensuring that decision-making processes are not interfered with[131]. - The company has established performance evaluation and incentive mechanisms for its directors and senior management, promoting transparency in appointments[131]. Risks and Challenges - Risks include potential fluctuations in raw material prices, which significantly impact production costs and profit margins[79]. - Seasonal revenue patterns are evident, with a high concentration of income in the fourth quarter, leading to potential losses in the first half of the year[79]. - The company plans to actively respond to macroeconomic risks and uncertainties in the international market due to the ongoing global pandemic[83].

Financial Performance - The company's operating revenue for Q3 2021 was ¥110,009,094.29, a decrease of 8.25% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥8,223,236.91, an increase of 46.38% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,537,976.12, a decrease of 69.40% compared to the same period last year[3] - Basic earnings per share for Q3 2021 was ¥0.09, an increase of 12.50% year-on-year[4] - The net profit attributable to shareholders for the year-to-date period increased by 432.55% to ¥11,965,690.66, driven by increased sales of key products and government subsidies[8] - Operating profit for Q3 2021 was ¥15,865,643.54, significantly higher than ¥4,662,433.19 in Q3 2020, marking an increase of 239.5%[17] - Net profit for Q3 2021 was ¥15,063,815.75, compared to ¥5,258,848.88 in Q3 2020, representing a year-on-year growth of 185.5%[18] - Total operating revenue for the first three quarters of 2021 reached ¥282,922,986.78, an increase of 9.3% compared to ¥257,949,554.38 in the same period of 2020[16] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥1,294,189,256.61, representing a growth of 16.33% from the end of the previous year[4] - Current assets totaled RMB 1,118,773,826.58, up from RMB 935,179,983.72 at the end of 2020, indicating an increase of about 19.6%[13] - The company’s total liabilities decreased to RMB 558,419,342.50 from RMB 593,203,342.22, a decline of approximately 5.9%[14] - Total liabilities as of Q3 2021 were ¥569,237,016.54, a decrease from ¥602,966,126.26 in the previous year[17] - The company reported a significant increase in contract liabilities, rising to RMB 44,472,949.56 from RMB 11,357,821.01, which is an increase of approximately 292.5%[14] Cash Flow - Cash inflow from operating activities for the first three quarters of 2021 totaled ¥375,706,689.37, compared to ¥318,406,511.68 in the same period of 2020, reflecting a growth of 18%[20] - The net cash flow from operating activities for Q3 2021 was -113,223,381.23 RMB, an improvement from -131,765,320.68 RMB in Q3 2020, indicating a 13.4% reduction in cash outflow[21] - Total cash outflow from investing activities was 169,866,125.97 RMB, significantly higher than 8,255,102.68 RMB in the same period last year, reflecting a substantial increase in investment expenditures[21] - Cash inflow from financing activities reached 492,823,975.47 RMB, compared to 212,989,626.00 RMB in Q3 2020, marking a 131.5% increase in financing received[21] - The net cash flow from financing activities was 198,443,280.23 RMB, up from 61,012,894.19 RMB in the previous year, showing a 225.5% increase[21] Research and Development - Research and development expenses for Q3 2021 totaled ¥8,608,500.03, accounting for 7.83% of operating revenue, an increase of 2.44 percentage points year-on-year[4] - Research and development expenses for Q3 2021 amounted to ¥21,081,638.37, an increase from ¥18,927,627.55 in Q3 2020, showing a rise of 11.4%[17] Equity - The company's equity attributable to shareholders at the end of Q3 2021 was ¥714,492,415.37, an increase of 42.28% from the end of the previous year[4] - Total equity attributable to shareholders reached ¥714,492,415.37, up from ¥502,166,911.69 in the same period last year, indicating a growth of 42.3%[17] Government Subsidies - The company received government subsidies that significantly contributed to the increase in net profit for both the current quarter and year-to-date period[8] Other Observations - The company has not reported any new product launches or significant market expansion strategies during this period[12] - The company implemented new leasing standards, resulting in a recognition of lease liabilities amounting to 530,644.59 RMB[25] - The company recorded a cash outflow of 263,500,000.00 RMB for debt repayment, which was significantly higher than 128,500,000.00 RMB in Q3 2020, indicating increased debt servicing[21] - The company’s cash flow from operating activities showed a trend towards improvement, suggesting potential operational efficiency gains moving forward[21]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 500 million RMB, representing a 25% year-over-year growth[12]. - The company's operating revenue for the first half of 2021 was approximately ¥172.91 million, representing a year-on-year increase of 25.25%[20]. - The net profit attributable to shareholders for the same period was approximately ¥3.74 million, a significant increase of 211.02% compared to the previous year[20]. - The basic earnings per share improved to ¥0.05, up from a loss of ¥0.05 in the same period last year, marking a 200% increase[19]. - The company's total revenue for the first half of 2021 was 6,970 million RMB, with a net profit of 1,247.3 million RMB[44]. - The company achieved a total revenue of 172.91 million RMB in the first half of 2021, representing a year-on-year growth of 25.25%[52]. - The net profit attributable to shareholders was 3.74 million RMB, with a net profit of 0.74 million RMB after deducting non-recurring gains and losses, marking a turnaround from losses in the previous period[52]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, now serving over 1,200 clients across various industries[12]. - The company is actively pursuing market expansion, with plans to enter two new provinces by Q4 2021, aiming for a 10% increase in market share[12]. - A strategic acquisition of a smaller competitor is in progress, which is expected to enhance the company's service offerings and increase market penetration by 5%[12]. - The company aims to expand its market presence through innovative product development and strategic technological advancements[36]. Research and Development - The company has allocated 50 million RMB for research and development in new technologies aimed at improving environmental efficiency[12]. - The number of R&D personnel increased to 118, accounting for 17.33% of the total workforce, up from 13.69% in the previous period[46]. - The total R&D expenditure for the current period is CNY 12,473,138.34, a slight increase of 0.06% compared to CNY 12,466,195.67 in the previous period[42]. - The company has applied for 2 new invention patents and 2 utility model patents during the reporting period, and obtained 1 invention patent and 5 utility model patents in the first half of 2021, bringing the total to 21 invention patents and 95 utility model patents as of June 30, 2021[38]. - The company is focused on continuous innovation in energy-saving and environmental protection products, aiming to enhance product stability, reliability, and safety[48]. Environmental Commitment - The company is focused on the energy-saving and environmental protection industry, which is expected to grow at an annual rate of around 15%[24]. - The government continues to support the energy-saving and environmental protection sector through various policies, providing a favorable external environment for growth[24]. - The company has implemented a comprehensive air pollution control system, ensuring that emissions from welding and painting processes meet national standards[70]. - Environmental monitoring is conducted monthly, quarterly, and annually by a qualified third-party, with all pollutant levels reported to be compliant with standards[75]. - There were no administrative penalties imposed on the company for environmental issues during the reporting period[76]. Financial Position and Assets - The company's total assets decreased by 2.51% to approximately ¥1.08 billion compared to the end of the previous year[20]. - The total liabilities decreased to ¥567,793,665.09 from ¥602,966,126.26, a decline of 5.8%[140]. - The total equity increased to ¥516,732,604.78 from ¥509,528,611.30, reflecting a growth of 1.4%[140]. - The company's cash and cash equivalents decreased by 39.35% to $94.25 million, influenced by seasonal factors affecting sales revenue and collections[60]. Corporate Governance and Compliance - The company emphasizes the importance of transparency and accuracy in its financial reporting, with all key personnel affirming the integrity of the financial statements[5]. - The company has committed to fulfilling various shareholder promises related to stock restrictions, with all commitments being strictly adhered to[78]. - The company has established a mechanism for monitoring compliance with shareholding commitments, with penalties for violations[85]. - The company will take immediate measures to rectify any violations of commitments made during the IPO process and will compensate investors for any losses incurred[104]. Technology and Innovation - The company has developed a dry slag treatment system that reduces harmful emissions and improves boiler thermal efficiency, contributing to energy conservation and emission reduction[27]. - The low-temperature flue gas waste heat recovery system utilizes a flue gas cooler to absorb waste heat, achieving energy savings and emission reduction[28]. - The company has introduced a clean energy consumption system, including an electrode boiler and a heat storage system, to improve flexibility in power generation and reduce waste of renewable energy[29]. - The company’s advanced cooling technologies, such as the Penetrating Cooling Technology, improve heat recovery rates and operational flexibility[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38[130]. - The largest shareholder, Wang Yong, holds 16,371,100 shares, representing 23.06% of the total shares[132]. - The second-largest shareholder, Ice Wheel Environmental Technology Co., Ltd., holds 13,916,000 shares, accounting for 19.60%[132]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone accounting for over 50%[132].