Financial Performance - The company's revenue for Q1 2023 was ¥28,171,813.23, a decrease of 3.72% compared to ¥29,259,137.10 in the same period last year[5] - The net profit attributable to shareholders was -¥2,802,012.83, representing a decline of 279.00% from ¥1,565,378.27 in the previous year[5] - The net profit for Q1 2023 was -4,046,428.35 CNY, compared to a net profit of 608,441.38 CNY in the same period last year, indicating a significant decline[16] - The total profit (loss) for the period was -3,995,899.15 CNY, down from a profit of 847,699.27 CNY in Q1 2022[16] - Operating profit for the period was a loss of ¥4,017,478.66, compared to a profit of ¥838,602.04 in the previous year[15] - The company's total comprehensive income for the period was -4,046,428.35 CNY, compared to 608,441.38 CNY in the same period last year[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥41,909,995.25, a significant decrease of 201.15% compared to -¥13,916,446.87 in the same period last year[5] - The cash flow from operating activities showed a net outflow of -41,909,995.25 CNY, compared to -13,916,446.87 CNY in the previous year, reflecting worsening cash flow conditions[18] - Cash and cash equivalents decreased significantly from ¥75,991,545.02 to ¥23,289,168.75, a drop of 69.4%[12] - Cash and cash equivalents at the end of the period were 17,196,666.60 CNY, down from 46,559,870.66 CNY at the end of Q1 2022[19] - The company reported cash inflows from operating activities totaling 80,792,162.46 CNY, down from 103,318,548.29 CNY in the previous year[18] - Total cash outflow from financing activities was -6,051,076.97 CNY, compared to -27,099,361.49 CNY in Q1 2022, indicating reduced financing activity[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,524,213,136.75, a decrease of 3.00% from ¥2,602,189,919.90 at the end of the previous year[5] - Total current assets decreased to ¥1,424,996,624.23 from ¥1,494,236,037.77 at the beginning of the year, a decline of 4.63%[12] - Total liabilities decreased to ¥1,219,772,121.88 from ¥1,293,702,476.68, reflecting a reduction of 5.73%[13] - The company's total assets amounted to ¥2,524,213,136.75, down from ¥2,602,189,919.90, a decrease of 2.99%[13] - The company’s total equity decreased slightly to ¥1,304,441,014.87 from ¥1,308,487,443.22, a reduction of 0.31%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 87,286[9] - The largest shareholder, China Investment (Hong Kong) Co., Ltd., held 13.75% of the shares, totaling 145,573,779 shares, which are currently frozen[9] - The equity attributable to shareholders was ¥1,209,791,775.54, a slight decrease of 0.23% from ¥1,212,593,788.37 at the end of the previous year[5] Operating Costs and Expenses - Total operating costs increased to ¥51,130,057.81, up 1.82% from ¥50,215,314.85 year-on-year[15] - The company incurred expenses of 83,103,561.20 CNY for purchasing goods and services, which is an increase from 57,882,028.82 CNY in Q1 2022[18] - The company reported a net credit impairment loss of ¥1,123,714.71, contrasting with a gain of ¥1,736,615.15 in the prior period[15] Government Support - The company received government subsidies amounting to ¥52,874.11 during the reporting period[6]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥89,354,181.83, a decrease of 45.39% compared to ¥163,611,677.78 in the same period last year[15]. - The net profit attributable to shareholders was ¥6,716,482.50, down 96.53% from ¥193,280,426.78 year-on-year[15]. - The basic earnings per share dropped to ¥0.0063, a decline of 96.55% compared to ¥0.1826 in the same period last year[15]. - The company reported a significant decrease in total operating revenue due to the impact of the pandemic on hotel and environmental business operations[46]. - The company reported a total comprehensive income of CNY 6,871,475.82 for the first half of 2022, down from CNY 192,213,629.19 in the same period of 2021[131]. - The net profit for the first half of 2022 was CNY 24,450,218.40, a significant decrease from CNY 208,211,606.27 in the same period of 2021, representing a decline of approximately 88.3%[134]. - The company reported a total revenue of 16,215.6 million CNY for the first half of 2022, with a significant impact from the "卓越星源" project[88]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥30,650,773.02, a 138.44% increase from -¥79,732,183.68 in the previous year[15]. - Cash and cash equivalents decreased to ¥75,596,141.13, representing 3.19% of total assets, down from 5.20%[47]. - The company reported a significant drop in cash and cash equivalents, ending the period with CNY 53,924,647.89, down from CNY 82,380,031.65 at the end of the first half of 2021, a decrease of about 34.5%[137]. - The company incurred interest expenses of CNY 2,718,802.56, down from CNY 4,392,285.88 in the previous year, a decrease of about 38%[134]. - The company faces a total of 17,000 million yuan in short-term liquidity needs due to tightened bank credit, leading to high-interest borrowing from private lenders[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,370,547,651.44, a decrease of 4.20% from ¥2,474,377,401.28 at the end of the previous year[15]. - Total liabilities decreased to CNY 888,497,221.40 from CNY 999,198,447.06, showing a decline of approximately 11.1%[124]. - The company's equity increased to CNY 1,482,050,430.04 from CNY 1,475,178,954.22, reflecting a growth of about 0.5%[124]. - The total equity at the end of the reporting period is CNY 1,446,025,181.96, an increase from CNY 1,237,813,575.69 at the end of the previous year, reflecting a growth of approximately 16.9%[164]. Research and Development - Research and development expenses were reduced by 44.52% to ¥7,013,337.28 from ¥12,640,426.04, indicating a decrease in R&D spending during the period[42]. - The company has obtained 19 domestic and international patents related to its hydrothermal technology, including 7 invention patents and 10 utility model patents[28]. Strategic Initiatives - The company plans to focus on low-carbon technology integration and environmental treatment equipment as part of its core business strategy[23]. - The company is collaborating with the Max Planck Institute for research on "Xingyuan Hydrothermal Technology" to enhance its intellectual property in wet biomass[27]. - The company is actively pursuing urban renewal projects, with a focus on land development rights and investment management in various locations[36]. Market and Competition - The company faces intense competition in the environmental engineering sector, leading to a decline in gross margins for projects[60]. - The company plans to enhance market expansion and accelerate new technology development to improve competitiveness[60]. Dividends and Shareholder Information - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[3]. - There were no cash dividends or stock bonuses planned for the half-year period[65]. - The total number of ordinary shareholders at the end of the reporting period was 92,841[108]. - China Investment Co., Ltd. holds 13.75% of the shares, amounting to 145,573,779 shares, which are currently frozen[108]. Legal and Regulatory Matters - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[102]. - The company is involved in multiple lawsuits with claims totaling 4,500, 3,200, and 3,000 million yuan, respectively, with ongoing first-instance hearings[81]. Financial Reporting and Compliance - The semi-annual financial report has not been audited[77]. - The company received a qualified audit opinion for its 2021 annual financial report[79]. - The company adheres to the Chinese Accounting Standards and has ensured that its financial reports reflect a true and complete picture of its financial status and performance[177].

Financial Performance - The company's operating revenue for Q1 2022 was ¥29,259,137.10, a decrease of 39.25% compared to ¥48,161,558.61 in the same period last year[4] - The net profit attributable to shareholders was ¥1,565,378.27, down 81.32% from ¥8,381,021.11 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥1,514,332.18, an increase of 112.81% compared to a loss of ¥11,822,981.89 in the previous year[4] - The basic earnings per share decreased by 81.01% to ¥0.0015 from ¥0.0079 in the same period last year[4] - Total comprehensive income for the period attributable to the parent company was CNY 1,565,378.27, a decrease from CNY 8,381,021.11 in the previous period[19] Cash Flow - The net cash flow from operating activities improved to -¥13,916,446.87, a 56.38% reduction in loss from -¥31,904,646.89 in the same period last year[4] - Cash inflow from operating activities totaled CNY 103,318,548.29, compared to CNY 172,160,693.76 in the previous period[21] - Cash outflow from operating activities was CNY 117,234,995.16, down from CNY 204,065,340.65 in the previous period[22] - Cash flow from investing activities resulted in a net outflow of CNY -4,516,442.82, compared to CNY -5,509,933.51 in the previous period[22] - Cash flow from financing activities showed a net outflow of CNY -27,099,361.49, worsening from CNY -11,786,626.03 in the previous period[22] - The ending balance of cash and cash equivalents was CNY 46,559,870.66, down from CNY 49,267,043.23 in the previous period[23] - The company reported a total cash inflow from financing activities of CNY 5,000,000.00, down from CNY 25,000,000.00 in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,366,484,742.07, a decrease of 4.36% from ¥2,474,377,401.28 at the end of the previous year[4] - Total liabilities decreased to CNY 890,697,346.47 in Q1 2022 from CNY 999,198,447.06 in the previous period, reflecting a reduction of 10.9%[14] - The company's cash and cash equivalents were CNY 1,241,112,628.91, down from CNY 1,338,138,678.47, indicating a decrease of 7.2%[14] - Long-term equity investments remained stable at CNY 500,608,063.45, unchanged from the previous period[14] - The total owner's equity was CNY 1,475,787,395.60, slightly up from CNY 1,475,178,954.22 in the previous period[15] Management and Expenses - The company's management expenses increased to CNY 15,617,246.65 in Q1 2022, compared to CNY 9,286,762.05 in the same period last year[16] External Factors - The decline in revenue and profit was attributed to the impact of the pandemic during the reporting period[7] - The company reported a government subsidy of ¥58,164.64 included in non-recurring gains and losses[6] Audit Information - The company did not conduct an audit for the first quarter report[23]

Financial Performance - The company's operating revenue for 2021 was CNY 383,536,205.94, a decrease of 3.86% compared to CNY 398,921,057.66 in 2020[17] - The net profit attributable to shareholders in 2021 was CNY 139,036,735.82, representing a significant increase of 135.94% from a loss of CNY 386,883,094.07 in 2020[17] - The net cash flow from operating activities reached CNY 279,093,997.09, up 139.83% from CNY 116,373,610.28 in the previous year[17] - Basic earnings per share for 2021 were CNY 0.1313, compared to a loss of CNY 0.3655 in 2020, marking a 135.92% improvement[17] - The total assets at the end of 2021 amounted to CNY 2,474,377,401.28, reflecting a slight increase of 0.88% from CNY 2,452,795,303.51 at the end of 2020[17] - The net assets attributable to shareholders increased by 11.44% to CNY 1,374,244,340.31 from CNY 1,233,160,670.55 in 2020[17] - The weighted average return on equity for 2021 was 10.66%, a recovery from -26.77% in 2020[17] - The company reported a significant improvement in net profit excluding non-recurring gains and losses, with a loss of CNY 27,844,806.56 in 2021 compared to a loss of CNY 454,235,112.18 in 2020, a 93.87% reduction[17] Revenue Breakdown - Environmental business revenue accounted for 87.10% of total revenue, amounting to RMB 334,056,911.63, down 5.60% from RMB 353,857,155.72 in the previous year[45] - Other business revenue saw a significant increase of 141.04%, reaching RMB 10,373,528.41 compared to RMB 4,303,610.45 in 2020[45] - Revenue from Shenzhen increased by 9.80% to RMB 49,479,294.31, while revenue from Hangzhou decreased by 5.60% to RMB 334,056,911.63[45] Market Expansion and Projects - The company signed a cooperation agreement with the Shenzhen Municipal Government for the "Shenzhen Car Port" project, achieving a new construction area of 34,000 square meters and over 50% progress on the main project construction[31] - The company secured new contracts worth CNY 1.071 billion in engineering services, generating sales revenue of CNY 334 million despite challenges from the pandemic[34] - The company is actively expanding its market presence in the environmental protection sector, focusing on enhancing service capabilities and competitiveness[28] - The company is developing a clean microgrid system for waste and renewable energy management in coastal towns in Indonesia[33] - The company is focusing on upgrading and transforming traditional markets in response to increasing environmental protection demands[28] Operational Challenges - The company has ongoing litigation regarding the urban renewal project with Shenzhen Pinghu Co., with a claim for RMB 10 million in damages pending[39] - The company has filed administrative litigation against the revocation of land use rights for the Zhaoqing project, with the case currently in the second instance[40] - The company faced challenges in repaying interest-free loans due to a tightening financing environment, leading to an extension of private financing loan terms[147] - The company reported a significant reduction in bank loans, with Industrial Bank reducing loans by 27 million, Citic Bank by 60 million, and Guangfa Bank by 45 million, totaling a decrease of 10.2 million in loans from various banks[147] Internal Control and Governance - The company has established a comprehensive internal control system in accordance with relevant laws and regulations, ensuring effective financial management and information disclosure[89] - The internal audit department, consisting of 5 staff members, is responsible for monitoring the execution of internal controls, although significant deficiencies were identified in financial reporting controls[90] - The company has complied with the China Securities Regulatory Commission's requirements for corporate governance and has submitted self-inspection reports[91] - The company reported a total of 21 significant defects in financial reporting for the year 2021[123] - The internal control audit report issued a negative opinion due to the identified significant defects[127] Employee and Management Information - The company had a total of 563 employees at the end of the reporting period, with 56 in the parent company and 508 in major subsidiaries[114] - The employee composition includes 257 production personnel, 29 sales personnel, 176 technical personnel, 52 financial personnel, and 49 administrative personnel[114] - The total remuneration for directors, supervisors, and senior management amounted to 5.223 million yuan[106] - The company has independent directors including Chen Lujun, Zhai Jinbu, and Fan Yong, who have been serving for over five years[102] Financial Adjustments and Impairments - The company has fully recognized impairment losses on the Zhaoqing project due to significant impairment signs after the revocation of the land use certificate[155] - The company reported a cumulative impact on retained earnings of CNY 1,054,353.09 due to credit impairment losses[173] - The company adjusted its financial statements to reflect a decrease in contract liabilities by CNY 5,577,390.00 and an increase in other payables by the same amount[173] Future Outlook - The company plans to develop biomass refining plants using wet biomass waste, targeting a market for clean combustion aids and carbon-based fertilizers, indicating a focus on sustainable energy solutions[80] - The company anticipates stable growth in pollution control engineering services, particularly in landfill and hazardous waste treatment projects[82] - The company is focusing on the feasibility study for new biomass refining projects in Indonesia, indicating an expansion into international markets[85]

Revenue and Profitability - The company's revenue for Q3 2021 was ¥128,328,018.31, representing a 51.24% increase compared to the same period last year[4]. - Net profit attributable to shareholders decreased by 78.67% to ¥972,257.05, while year-to-date net profit increased by 804.47% to ¥194,252,683.83[4]. - The basic earnings per share for Q3 2021 was ¥0.0009, down 79.07% year-on-year, while year-to-date earnings per share increased by 805.77% to ¥0.1835[4]. - Total operating revenue for Q3 2021 reached ¥291,939,696.09, compared to ¥218,084,239.15 in the previous period[17]. - The company reported a net profit of ¥191,560,945.54, a significant recovery from a net loss of ¥27,757,685.99 in the same period last year[18]. - The net profit attributable to the parent company was CNY 194,252,683.83, a decrease of CNY 27,574,391.67 compared to the previous period[19]. - The total comprehensive income attributable to the parent company was CNY 195,101,982.71, down by CNY 27,574,391.67[19]. - The basic and diluted earnings per share were both CNY 0.1835, a decrease of CNY 0.0260 from the previous period[19]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥2,485,982,569.74, a 0.71% increase from the end of the previous year[4]. - The total assets as of September 30, 2021, amounted to ¥2,485,982,569.74, up from ¥2,468,377,463.56 at the end of 2020[15]. - Current assets totaled ¥1,367,133,996.85, slightly down from ¥1,368,567,792.25 at the end of 2020[14]. - The total liabilities decreased to ¥960,836,019.06 from ¥1,135,674,272.50[15]. - Total liabilities reached CNY 1,135,674,272.50, with current liabilities at CNY 1,126,603,522.10 and non-current liabilities at CNY 9,070,750.40[27]. - The company’s total liabilities and equity amounted to CNY 2,468,377,463.56, matching the total assets[28]. Cash Flow - The company reported a net cash flow from operating activities of -¥62,752,935.60, a decrease of 333.97% year-to-date[4]. - The net cash flow from operating activities was negative CNY 62,752,935.60, compared to a positive CNY 26,821,281.84 in the previous period[22]. - Cash inflow from operating activities totaled CNY 455,581,496.05, slightly up from CNY 453,349,334.38 in the previous period[22]. - Cash outflow from operating activities was CNY 518,334,431.65, an increase from CNY 426,528,052.54 in the previous period[22]. - The net cash flow from investing activities was CNY 188,000,547.46, compared to a negative CNY 23,649,948.48 in the previous period[23]. - Cash inflow from financing activities was CNY 46,000,000.00, down from CNY 65,000,000.00 in the previous period[23]. - The net cash flow from financing activities was negative CNY 113,067,002.43, compared to negative CNY 35,889,082.61 in the previous period[23]. - The ending cash and cash equivalents balance was CNY 110,598,195.63, an increase from CNY 32,745,171.37 in the previous period[23]. Equity and Investments - The company experienced a 15.73% increase in total equity, reaching ¥1,435,046,002.61 compared to the previous year[5]. - The company’s equity attributable to shareholders rose to ¥1,435,046,002.61 from ¥1,239,944,019.90[15]. - The total equity attributable to shareholders of the parent company was CNY 1,239,944,019.90, while total equity amounted to CNY 1,332,703,191.06[28]. - The company has long-term equity investments valued at CNY 479,777,646.59 and long-term receivables of CNY 309,243,774.51[26]. - The company has a negative retained earnings of CNY -531,477,841.22, indicating accumulated losses[28]. Operational Highlights - The company plans to continue expanding its hotel operations, property management, and environmental protection services, which have seen increased revenue compared to the previous year[9]. - The company has no significant new product launches or mergers and acquisitions reported in this quarter[9]. - Research and development expenses for the quarter were ¥17,386,839.75, compared to ¥16,587,119.84 in the previous year[18]. - The company reported a decrease in accounts receivable due to the recovery of some receivables during the period[9]. Other Information - The company has implemented new leasing standards affecting the measurement of lease liabilities and right-of-use assets[29]. - The third-quarter report was not audited, indicating preliminary financial results[30].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 163,611,677.78, representing a 22.80% increase compared to CNY 133,235,863.47 in the same period last year[16]. - The net profit attributable to shareholders of the listed company reached CNY 193,280,426.78, a significant increase of 701.53% from a loss of CNY 32,131,567.76 in the previous year[16]. - The basic earnings per share improved to CNY 0.1826, compared to a loss of CNY 0.0304 per share in the same period last year, marking a 700.66% increase[16]. - The weighted average return on net assets was 14.46%, up by 16.32 percentage points from -1.86% in the previous year[16]. - The company's total revenue for the reporting period reached ¥163.61 million, representing a year-on-year increase of 22.80% compared to ¥133.24 million in the same period last year[38]. - The company reported a significant increase in income tax expenses, amounting to ¥8.49 million, a 6,149% increase due to higher taxable income[38]. - The company reported a net profit for the first half of 2021 reached CNY 208,211,606.27, compared to a net loss of CNY 20,336,269.65 in the first half of 2020, indicating a significant turnaround[123]. - The total profit for the first half of 2021 was CNY 216,428,274.73, compared to a loss of CNY 20,336,269.65 in the same period last year[122]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,426,484,439.23, a decrease of 1.70% from CNY 2,468,377,463.56 at the end of the previous year[16]. - The total liabilities decreased to CNY 901,567,618.98 from CNY 1,135,674,272.50, marking a reduction of approximately 20.6%[113]. - The company's current assets totaled CNY 1,315,728,336.48, down from CNY 1,368,567,792.25 at the end of 2020, indicating a decrease of about 3.9%[112]. - The total liabilities at the end of the reporting period were CNY 1,181.96 million, indicating a manageable debt level[141]. - The company's total liabilities at the end of the reporting period were CNY 1,650,000,000, indicating a decrease compared to the previous period[136]. Cash Flow - The net cash flow from operating activities was -¥79.73 million, a decrease of 297.11% compared to ¥40.45 million in the previous year, primarily due to the repayment of operating receivables[38]. - The company generated CNY 165,000,000.00 from investment activities in the first half of 2021, compared to only CNY 1,000.00 in the same period of 2020[126]. - The net cash flow from financing activities was -94,457,280.98 CNY, worsening from -51,397,544.72 CNY in the first half of 2020[127]. - The ending balance of cash and cash equivalents decreased to 82,380,031.65 CNY from 98,468,249.66 CNY at the beginning of the period[127]. - The company reported a total cash outflow from operating activities of 128,964,096.11 CNY, compared to 11,410,433.17 CNY in the previous year[129]. Research and Development - The company invested ¥9.97 million in technology research and development related to environmental pollution and cleaning projects during the reporting period[30]. - Research and development expenses were reported at ¥12,640,426.04, slightly higher than ¥12,145,218.50 in the first half of 2020, indicating a focus on innovation[119]. - The company has allocated CNY 1,369,000 for research and development in new technologies during this reporting period[137]. - The company has partnered with the Max Planck Institute for research and development in water technology, indicating a focus on innovation in low-carbon technology[28]. Market and Operations - The company is engaged in various projects including transportation, clean energy, and water resource infrastructure, with ongoing developments in the Shenzhen-Hong Kong cooperation project[24][27]. - The company is actively promoting a clean microgrid system for pollution cleaning and renewable energy in Indonesia, applying for demonstration projects in Bali and Jakarta[29]. - The company continues to manage land development rights for urban renewal projects, with investments in the Pinghu Village project amounting to approximately ¥121.26 million[33]. - The hotel management and property management services under the "Smart Space" brand saw revenue growth, overcoming adverse impacts from the COVID-19 pandemic[31][40]. Shareholder Information - The company has a total of 14.5 million CNY in irregular guarantees, accounting for 8.80% of the latest audited net assets[69]. - The company has a total of 1,058,536,842 shares outstanding, with 99.94% being unrestricted shares[95]. - The total number of ordinary shareholders at the end of the reporting period is 105,761[97]. - The largest shareholder, China Investment Corporation, holds 13.91% of the shares, amounting to 147,240,445 shares[97]. Compliance and Governance - The semi-annual financial report has not been audited[70]. - The company has not conducted any major litigation or arbitration matters during the reporting period[73]. - The company has not engaged in any major related party transactions during the reporting period[75]. - There were no commitments unfulfilled by the actual controller, shareholders, or related parties during the reporting period[65]. Future Outlook - The company plans to not distribute cash dividends or issue bonus shares for this period[6]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[136]. - The company aims to increase its market share by 10% in the next fiscal year through strategic initiatives and enhanced customer engagement[145]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[145].

Financial Performance - The company's operating revenue for 2020 was ¥398,921,057.66, a decrease of 27.81% compared to ¥552,609,080.63 in 2019[14] - The net profit attributable to shareholders was -¥387,466,536.61, representing a decline of 321.80% from ¥174,688,341.61 in the previous year[14] - The total assets at the end of 2020 were ¥2,468,377,463.56, down 18.58% from ¥3,031,840,976.34 at the end of 2019[14] - The net assets attributable to shareholders decreased by 24.87% to ¥1,239,944,019.90 from ¥1,650,310,972.99 in 2019[14] - The basic earnings per share for 2020 was -¥0.366, a decline of 321.82% compared to ¥0.165 in 2019[14] - Total revenue for 2020 was ¥398,921,057.66, a decrease of 27.81% compared to ¥552,609,080.63 in 2019[46] - Environmental business revenue accounted for 88.70% of total revenue, totaling ¥353,857,155.72, down 26.95% from ¥484,375,051.20 in 2019[46] - Hotel operation and property management revenue was ¥40,760,291.49, representing 10.22% of total revenue, a decline of 26.57% from ¥55,508,674.47 in 2019[46] Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥116,373,610.28, up 847.30% from ¥12,284,797.44 in 2019[14] - The company reported a significant decrease in investment activity cash inflow, down 72.10% to ¥66,547,689.22[55] - The net cash flow from financing activities was negative at -¥105,386,053.54, a 49.17% improvement compared to the previous year[55] - The long-term equity investments increased by 113.44% compared to the beginning of the period due to investment income recognized from the joint venture Zhonghuan Xingyuan[25] - The company has secured loans totaling CNY 90,000,000 and CNY 30,000,000, backed by real estate assets, indicating a reliance on property for financing[64] Operational Highlights - The company achieved an operating income of 353 million RMB from environmental engineering services during the reporting period[34] - The company completed the demolition of the "Shenzhen Car Port" and transferred the building to the government, marking a significant milestone in urban renewal projects[30] - The company has developed a prototype of the "Industrial-grade HTC Reactor System" for biomass hydrothermal carbonization, with five authorized patents obtained during the reporting period[32] - The company has successfully managed to achieve approximately 98% occupancy for pre-sold properties despite challenges faced during the reporting period[35] - The company has suspended promotional activities for solar CSP-driven desalination modules due to the pandemic, impacting international project developments[33] Internal Controls and Governance - The company has acknowledged significant deficiencies in internal controls as per the audit report[5] - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[14] - The company has established a dedicated institution to enhance internal control and information disclosure processes following the violations[97] - The company has fully separated from the controlling shareholder in terms of personnel, assets, institutions, and finance, ensuring a standardized "three separations" approach[189] - The independent financial department and accounting system operate independently, with the company maintaining its own bank accounts and tax obligations[190] Shareholder Information - The total number of shares after the recent changes is 1,058,536,842, maintaining a 100% shareholding structure[155] - The largest shareholder, China Investment Corporation, holds 13.91% of shares, totaling 147,240,445 shares, which are pledged[159] - The company has urged its major shareholders to reduce the stock pledge ratio due to high pledge risks[156] - The company has no major shareholders holding more than 10% of shares[163] - The company has a total of 111,212 common shareholders at the end of the reporting period[158] Legal and Compliance Issues - The company is involved in ongoing litigation to enforce a cooperation agreement for the Pinghu urban renewal project[39] - The company has initiated legal proceedings to counteract the claims made by Shenzhen Pinghu Co., which has delayed the progress of the urban renewal project[100] - The company is actively working to resolve the administrative review regarding the cancellation of land use rights in Zhaoqing[102] - The administrative lawsuit regarding the Zhaoqing project has not progressed, and the likelihood of a favorable outcome is considered low[104] - The company is expected to bear a liability of approximately 31.73 million yuan due to the guarantees, based on the court's ruling regarding the debtor's inability to repay[96] Future Prospects and Strategies - The company plans to generate 80 million RMB in preferred stock cash income annually from the urban renewal project in Nanyou Factory Area[36] - The company is focusing on feasibility studies for the KURAKURA Innovation Park in Bali, Indonesia, as part of its investment in large industrial park infrastructure[82] - Future business prospects include the development of a solar-powered desalination system, which aims to reduce freshwater costs to below $0.50 per ton[73] - The company plans to integrate advanced waste treatment technologies to address the challenges of waste management and resource recovery in densely populated regions[75] - The company is focusing on the development of specialized equipment for organic waste resource utilization, indicating a shift towards sustainable waste management solutions[76]

Financial Performance - The company's revenue for Q1 2021 was ¥48,161,558.61, representing a 5.38% increase compared to ¥45,702,945.93 in the same period last year[8] - Net profit attributable to shareholders was ¥8,381,021.11, a significant recovery from a loss of ¥20,988,032.47 in the previous year[8] - Basic and diluted earnings per share improved to ¥0.0079 from -¥0.0198 in the previous year[8] - The company reported a net profit of CNY 8,316,546.41, a significant recovery from a net loss of CNY 22,357,995.69 in the previous period[38] - The total profit for the period was CNY 8,595,699.84, compared to a loss of CNY 22,301,844.54 in the previous period[38] - Total comprehensive income for the first quarter was CNY 12,326,894.86, a decrease of 60.9% compared to the previous period[43] Cash Flow - The net cash flow from operating activities was -¥31,904,646.89, a decrease of 227.86% compared to ¥24,953,058.15 in the same period last year[8] - Cash inflow from operating activities totaled CNY 172,160,693.76, down 34.7% from CNY 264,015,844.04 in the previous period[46] - Cash outflow from investing activities was CNY 5,509,933.51, a decrease of 65.3% from CNY 15,892,693.64 in the previous period[46] - Cash flow from financing activities resulted in a net outflow of CNY -11,786,626.03, compared to CNY -11,118,353.99 in the previous period[47] - Total cash outflow for operating activities was CNY 204,065,340.65, down from CNY 239,062,785.89 in the previous period[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,404,021,683.03, down 2.53% from ¥2,466,377,463.56 at the end of the previous year[8] - Current assets totaled CNY 1,297,885,590.95, down from CNY 1,366,567,792.25, indicating a decrease of about 5.0%[29] - Total liabilities decreased to CNY 1,063,001,945.56 from CNY 1,135,674,272.50, a reduction of approximately 6.4%[31] - The company's equity increased slightly to CNY 1,341,019,737.47 from CNY 1,330,703,191.06, reflecting a growth of about 0.9%[32] - The company reported a negative retained earnings of CNY -531,477,841.22 as of the end of the reporting period[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 114,750[11] - The largest shareholder, China Investment Co., Ltd., holds 13.91% of the shares, amounting to 147,240,445 shares[11] Contracts and Projects - The company has significant contracts in progress, including a total contract amount of 4,779 million CNY for a waste incineration project, with 90% completion and 438.51 million CNY recognized in revenue[20] - The company has a contract worth 3,367 million CNY for a sludge disposal project, with 90% completion and 463.35 million CNY recognized in revenue[20] - The company has a contract with Shanghai Electric for a project valued at 1,213 million CNY, with only 20% completion and 267.86 million CNY recognized in revenue[20] - The company has a contract with Zhejiang Bosch Environmental Technology for a project valued at 1,428 million CNY, with 50% completion and 631.86 million CNY recognized in revenue[20] - The company has a contract with Tianjin Huakan for a project valued at 2,660 million CNY, with 100% completion and 248.47 million CNY recognized in revenue[20] Management and Operations - The company reported a decrease in management expenses due to reduced consulting service fees during the reporting period[15] - The company plans to continue focusing on market expansion and new product development to drive future growth[38] - The company has no significant changes in expected net profit for the first half of 2021 compared to the same period last year[20] - The company has no entrusted financial management during the reporting period[21] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[24] Other Financial Metrics - Research and development expenses were CNY 7,863,401.30, slightly up from CNY 7,337,256.29[37] - The company recognized investment income of ¥20 million from the Nanyou project during the reporting period[15] - Investment income for the period was CNY 18,500,644.08, a turnaround from a loss of CNY 2,564,101.92 in the previous period[37] Audit and Leadership - The first quarter report for 2021 was not audited[58] - The company is led by Chairman Ding Peng as of April 30, 2021[59]

证券代码：000005 证券简称：世纪星源 公告编号：2020-058 深圳世纪星源股份有限公司 关于参加 2020 深圳辖区上市公司投资者网上集体接待日活动的公告 为进一步加强与投资者的互动交流工作，深圳世纪星源股份有限公司 （以下简称"本公司"）将参加由深圳上市公司协会、深圳市全景网络有 限公司共同举办的"诚实守信，做受尊重的上市公司"——2020 深圳辖区 上市公司投资者网上集体接待日活动，现将有关事项公告如下：本次集体 接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程 的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活 动时间为 2020 年 12 月 8 日 9:00 至 17:00。 届时本公司的董事蔡琨、董秘罗晓春将通过网络文字交流形式与投资 者进行沟通。 欢迎广大投资者积极参与。 深圳世纪星源股份有限公司董事局 二〇二〇年十二月四日 ...

Financial Performance - Operating revenue for the reporting period was CNY 84,848,375.68, down 41.62% year-on-year, and CNY 218,084,239.15 for the year-to-date, down 61.70% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 4,557,176.09 for the reporting period, with a year-to-date loss of CNY 27,574,391.67, representing a decrease of 161.90%[8] - The net cash flow from operating activities was CNY -13,628,553.99, a decline of 150.12% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY 0.0043, compared to a loss of CNY -0.0260 in the same period last year, reflecting a decrease of 161.76%[8] - The weighted average return on net assets was 0.28%, down 1.68% from the previous year[8] - The company reported an investment income of CNY 40,473,804.97, a significant improvement from a loss of CNY 1,667,698.17 in the previous year[36] - The net profit for the current period is ¥30,157,671.09, compared to a net loss of ¥8,378,976.11 in the previous period[42] - The total comprehensive income for the current period is ¥30,157,671.09, compared to a total comprehensive loss of ¥8,378,976.11 in the previous period[42] - The operating profit for the current period is ¥30,147,671.09, compared to a loss of ¥8,496,803.53 in the previous period[42] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,939,184,056.52, a decrease of 3.06% compared to the end of the previous year[8] - As of September 30, 2020, the company's total assets amounted to CNY 2,939,184,056.52, a decrease from CNY 3,031,840,976.34 at the end of 2019[27] - The company's cash and cash equivalents decreased to CNY 62,837,628.13 from CNY 112,250,014.96, representing a decline of approximately 44.1%[27] - Accounts receivable decreased to CNY 347,251,708.79 from CNY 415,882,160.48, a reduction of about 16.5%[27] - Inventory significantly decreased to CNY 39,298,551.48 from CNY 447,491,349.58, indicating a decline of approximately 91.2%[27] - Total current liabilities decreased to CNY 1,186,374,295.26 from CNY 1,282,971,712.53, a reduction of about 7.5%[29] - The company's total liabilities decreased to CNY 1,224,656,238.23 from CNY 1,289,555,472.06, a reduction of approximately 5.1%[29] - The total equity attributable to shareholders decreased to CNY 1,622,736,581.32 from CNY 1,650,310,972.99, a decline of about 1.7%[30] - Total assets as of Q3 2020 amounted to CNY 1,889,286,181.01, a decrease from CNY 1,942,493,919.15 at the end of the previous period[33] - Total liabilities were CNY 581,995,998.96, down from CNY 645,025,138.54 year-over-year[33] - The company's total equity increased to CNY 1,307,290,182.05 from CNY 1,297,468,780.61 in the previous period[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 112,902[12] - Major shareholder China Investment Co., Ltd. held 13.91% of the shares, amounting to 147,240,445 shares[12] Cash Flow - Cash flow from operating activities showed improvement, contributing positively to the overall financial health of the company[36] - Cash inflow from operating activities totaled ¥453,349,334.38, while cash outflow was ¥426,528,052.54, resulting in a net cash flow from operating activities of ¥26,821,281.84[53] - The company reported cash flow from investing activities of -¥23,649,948.48 for Q3 2020, compared to a positive cash flow of ¥116,636,926.96 in the same period last year[54] - Cash flow from financing activities showed a net outflow of -¥35,889,082.61 in Q3 2020, compared to -¥246,965,392.90 in Q3 2019, indicating a reduction in financing strain[54] Operational Challenges - The company experienced a significant decrease in revenue due to the impact of the pandemic on hotel operations, property management, and environmental protection businesses[16] - The total operating revenue for the current period is ¥218,084,239.15, a decrease of 61.7% compared to ¥569,474,563.65 in the previous period[43] - The total operating costs for the current period are ¥274,670,827.78, down 43.0% from ¥480,947,865.59 in the previous period[43] - Cash flow from operating activities for Q3 2020 was ¥26,821,281.84, down 79.0% from ¥128,157,605.89 in the previous year[53] - The total cash inflow from operating activities was significantly lower than the previous year, indicating challenges in maintaining cash flow stability[53] Miscellaneous - The company reported no significant financial investments or derivative investments during the reporting period[18][19] - The company has not undergone an audit for the third quarter report[69]