股票代码：000035 证券简称：中国天楹 中国天楹股份有限公司投资者关系活动记录表 编号：2023-001 投资者关系活动类 别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称及人 员姓名 通过"约调研"平台"中国天楹投资者关系"小程序参 与公司 2022 年度网上业绩说明会的投资者 时间 2023 年 05 月 19 日（星期五）下午 15:00-16:30 地点 "约调研"平台"中国天楹投资者关系"微信小程序 上市公司接待人员 姓名 董事长：严圣军先生 独立董事：吴海锁先生 副总裁兼财务总监：涂海洪先生 副总裁兼董事会秘书：陆平先生 投资者关系活动主 要内容介绍 2023 年 5 月 19 日下午，公司通过"约调研"平台 "中国天楹投资者关系"微信小程序召开 2022 年度网 上业绩说明会，公司与投资者进行了互动交流和沟通， 并就投资者关注的问题进行了回复，具体内容如下： 提问 1：您好，请问贵公司 2023 年的经营目标是什 么？ 回答：尊敬的投资者，您好！2023 年公司顺应全球 绿色低碳的发展趋势，聚焦 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 中国天楹股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日披露了 《2022 年年度报告》及《2022 年年度报告摘要》。为便于广大投资者进一步了 解公司 2022 年度经营情况，公司定于 2023 年 5 月 19 日（星期五）15:00-16:30 在"中国天楹投资者关系"小程序举行 2022 年度网上业绩说明会。本次网上业 绩说明会将采用网络远程的方式举行，投资者可登陆"中国天楹投资者关系"小 程序参与互动交流。 为广泛听取投资者的意见和建议，提前向投资者征集问题，提问通道自发出 公告之日起开放。 参与方式一：在微信小程序中搜索"中国天楹投资者关系"； 参与方式二：微信扫一扫以下二维码： 证券代码：000035 证券简称：中国天楹 公告编号：TY2023-24 中国天楹股份有限公司 关于举行 2022 年度网上业绩说明会的公告 投资者依据提示，授权登入"中国天楹投资者关系"小程序，即可参与交流。 出席本次网上说明会的人员有：公司董事长严圣军先生、独立董事吴海锁先 生、副总裁兼财务总监涂海洪 ...

Revenue and Profit - Revenue for the reporting period was 1,116,645,023.42 yuan, a decrease of 7.28% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was 45,912,935.99 yuan, an increase of 7.62% year-on-year[4] - Net profit attributable to the parent company's owners was 45,912,935.99 RMB, compared to 42,662,118.84 RMB in the previous period[28] - The company's total operating revenue for the first quarter of 2023 was 1,116,645,023.42 yuan, a decrease from 1,204,295,978.50 yuan in the same period last year[42] - The company's 2023 Q1 revenue decreased compared to the same period last year, mainly due to the sale of Geesink Norba Holding B.V. in November 2022[33] Cash Flow - Net cash flow from operating activities was -178,792,148.51 yuan, an improvement of 57.50% compared to the same period last year[4] - The company's net cash flow from operating activities for the first quarter of 2023 was -178,792,148.51 yuan, an improvement from -420,666,907.97 yuan in the same period last year[45] - The company's net cash flow from investing activities for the first quarter of 2023 was -575,902,598.01 yuan, an improvement from -1,276,862,626.92 yuan in the same period last year[45] - Cash and cash equivalents at the end of the period decreased to 573,853,861.96 RMB from 690,097,490.65 RMB at the beginning of the period[31] Assets and Liabilities - Total assets at the end of the reporting period were 26,892,948,384.86 yuan, an increase of 1.61% compared to the end of the previous year[4] - Equity attributable to shareholders of the listed company was 10,366,704,149.45 yuan, an increase of 0.73% compared to the end of the previous year[4] - Total liabilities increased to 16,411,250,572.12 RMB, up from 16,029,679,339.67 RMB in the previous period[24] - The company's total assets at the end of the first quarter of 2023 were 26,892,948,384.86 yuan, an increase from 26,467,772,083.58 yuan at the beginning of the year[40] - The company's total current assets at the end of the first quarter of 2023 were 6,235,196,548.24 yuan, an increase from 5,960,087,660.02 yuan at the beginning of the year[37] Earnings and Returns - Basic earnings per share were 0.0192 yuan, an increase of 7.26% year-on-year[4] - Weighted average return on equity was 0.44%, an increase of 0.05 percentage points year-on-year[4] - Basic earnings per share (EPS) were 0.0192 RMB, up from 0.0179 RMB in the previous period[28] Investments and Borrowings - Long-term equity investments increased by 8.62% to 267,924,983.94 yuan compared to the end of the previous year[22] - Short-term borrowings increased by 10.96% to 2,980,730,904.08 yuan compared to the end of the previous year[22] Government Subsidies - Government subsidies recognized in current profits amounted to 4,316,289.81 yuan[5] Share Repurchase - The company repurchased 135,744,528 shares, accounting for approximately 5.38% of the total shares[35] Monetary Funds and Receivables - The company's monetary funds at the end of the first quarter of 2023 were 2,030,462,923.34 yuan, an increase from 1,957,921,407.96 yuan at the beginning of the year[37] - The company's accounts receivable at the end of the first quarter of 2023 were 2,334,671,825.26 yuan, an increase from 2,262,105,842.24 yuan at the beginning of the year[37] - The company's prepayments at the end of the first quarter of 2023 were 381,034,911.49 yuan, an increase from 204,226,412.76 yuan at the beginning of the year[37] - The company's other receivables at the end of the first quarter of 2023 were 303,429,568.84 yuan, an increase from 92,493,833.87 yuan at the beginning of the year[37] Operating Costs - The company's total operating costs for the first quarter of 2023 were 1,058,184,265.38 yuan, a decrease from 1,151,695,394.31 yuan in the same period last year[42]

Financial Performance - The company's operating revenue for 2022 was ¥6,706,701,979.82, a decrease of 67.43% compared to ¥20,592,672,101.63 in 2021[27]. - The net profit attributable to shareholders for 2022 was ¥123,485,132.53, down 83.06% from ¥728,984,770.44 in 2021[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥418,212,906.82, a decrease of 42.54% compared to ¥727,803,934.94 in 2021[27]. - The net cash flow from operating activities for 2022 was ¥593,887,362.47, down 76.48% from ¥2,524,740,711.66 in 2021[27]. - The total assets at the end of 2022 were ¥26,467,772,083.58, an increase of 8.03% from ¥24,499,413,837.02 at the end of 2021[27]. - The net assets attributable to shareholders at the end of 2022 were ¥10,291,182,012.64, a decrease of 5.89% from ¥10,935,078,389.11 at the end of 2021[27]. - The company reported a revenue of CNY 6.707 billion for 2022, a decrease of 67.43% compared to the previous year[74]. - The net profit attributable to shareholders was CNY 123 million, down 83.06% year-over-year[74]. - The revenue from urban environmental services dropped by 90.12% to ¥897.89 million, down from ¥9.08 billion in the previous year[97]. - The revenue from waste treatment decreased by 72.71% to ¥1.56 billion, compared to ¥5.71 billion in 2021[97]. - The company achieved a revenue of ¥4.25 billion from environmental equipment and other services, which accounted for 63.36% of total revenue, showing a slight increase of 0.81% year-on-year[97]. Corporate Governance - The company’s financial report was confirmed to be true, accurate, and complete by the responsible persons[4]. - The company has appointed KPMG Huazhen as its accounting firm for the reporting period[26]. - The financial advisor for the company during the reporting period was Guojin Securities Co., Ltd.[26]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced and professional governance structure[183]. - The company has established specialized committees under the board, including audit, compensation, nomination, and strategy committees, to enhance decision-making and promote sustainable development[185]. - The company strictly adheres to laws and regulations, ensuring compliance with corporate governance standards and improving operational quality[180]. Business Strategy and Development - The company is focusing on the dual development strategy of "environmental protection + new energy" to create a new growth pattern[39]. - The company aims to enhance its integrated service capabilities in the urban environmental service market, responding to the increasing demand for comprehensive waste management solutions[43]. - The company is expanding its renewable energy business, focusing on large-scale wind and solar power generation, energy storage, and green hydrogen integration[93]. - The company aims to establish a comprehensive renewable energy business system, integrating wind, solar, hydrogen, storage, and biomass energy[151]. - The company plans to promote "new energy + storage" and "microgrid + storage" business models to scale up its energy storage business[152]. - The company is focusing on expanding its domestic market in provincial capitals and cities while targeting international markets in Eastern Europe, the Middle East, and Southeast Asia[152]. - The company aims to consolidate its leading position in the environmental protection industry by enhancing R&D and expanding its market presence[160]. Research and Development - The company has over 500 technical talents and has established several provincial-level R&D platforms, enhancing its capabilities in waste incineration and energy storage technology[63]. - The company has obtained a total of 608 authorized patents, including 71 invention patents, and has been involved in the compilation of multiple national and industry standards[64]. - The company has made significant progress in developing key technologies for waste treatment and energy storage, enhancing its competitive edge and market position[114]. - The number of R&D personnel increased by 4.32% to 290 in 2022 from 278 in 2021, while the proportion of R&D personnel decreased to 1.61% from 1.81%[119]. - Total R&D investment decreased by 12.33% to ¥94,684,624.43 in 2022 from ¥107,995,292.66 in 2021, while the proportion of R&D investment to operating income increased to 1.41% from 0.52%[120]. Market and Customer Insights - The company has established a comprehensive urban environmental service system across 35 cities in 17 provinces and regions[78]. - The company processed a total of 29,000 tons of medical waste during the reporting period[89]. - The top five customers contributed ¥1,501,959,764.15, which is 22.39% of the total annual sales[112]. - The top five suppliers accounted for ¥922,497,408.26, representing 21.06% of the total annual purchases[112]. Investment and Financial Management - The company leverages its A-share listing to access diverse financing channels, enhancing its capital structure and facilitating resource integration in the environmental protection sector[69]. - The company completed the sale of 100% equity in Urbaser, S.A.U. and Geesink Norba Holding B.V., which are no longer included in the consolidated financial statements post-transaction[124]. - The company reported no significant asset or equity sales during the reporting period[142]. - The company has ongoing major projects including a 100MWh gravity energy storage project with an investment of CNY 180,332,227.96 and a waste incineration project in Hanoi, Vietnam with an investment of CNY 615,052,161.26[136]. - The total investment during the reporting period was CNY 4,215,459,711.94, representing a 24.49% increase compared to CNY 3,386,248,573.96 in the same period last year[133]. Risks and Challenges - The company recognizes potential risks from macroeconomic fluctuations and regulatory changes but maintains a stable operational outlook due to its strong client base in municipal institutions[157]. - The company has faced risks related to national policy changes, intensified industry competition, and overseas project investments[163][164][166]. - The company is cautious in analyzing overseas investment risks, considering economic, political, and legal environments to minimize potential risks[166]. - The company is actively expanding its international environmental protection market while managing various operational risks[166]. Investor Relations - The company did not provide specific financial data or performance summaries during the investor calls held in March and April 2022[170]. - There were multiple requests for updates on the company's quarterly operating conditions, but no specific data was shared[170]. - The company did not disclose any details about the major asset restructuring situation during the investor communications[170]. - There were inquiries about the company's cash flow and dividend distribution, but no relevant data was provided[170].

证券代码： 000035 证券简称：中国天楹 编号：TY2016-001 中国天楹股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------|----------------------------------------| | | | | | 投资者关系活动 | 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 兴证证券资产管理有限公司 刘璐丹 卓佳亮 | | 人员姓名 | | 上海国鑫投资发展有限公司 高文哲 肖清芬 | | | | 中融国际信托有限公司 黄媛思 叶佳莹 | | | 上海洪鑫源实业有限公司 刘玉辉 | | | | 华金证券有限责任公司 徐曼 宋怡萱 | | | | 大成基金管理有限公司 戴军 黄海昕 | | | | | 中兵广发投资基金管理有限责任公司 张皓 | | | | 深 ...

证券代码： 000035 证券简称：中国天楹 中国天楹股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |--------------|----------------------------------|--------------------------------------|--------| | | 特定对象调研 | □ 分析师会议 | | | 投资者关系活 | □ 媒体采访 | □ 业绩说明会 | | | 动类别 | □ 新闻发布会 | □ 路演活动 | | | | □ 现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | | | 机构 | 姓名 | | | | 上海长风汇信股权投资基金管理有限公司 | 邱家茂 | | | 上海益菁汇资产管理有限公司 | | 王一普 | | | 上海益菁汇资产管理有限公司 | | 任明霞 | | | 上海国际信托有限公司 | | 陈辉 | | | | | | | | 上海陆宝投资管理有限公司 | | 王淑茜 | | | | | | | | 上海南土投资管理有限公司 | | 秦石 | | | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,361,456,808.22, a decrease of 76.73% compared to the same period last year[4] - The net profit attributable to shareholders was ¥2,183,025.16, down 98.91% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥19,132,268.89, a decline of 109.33% compared to the previous year[4] - The net cash flow from operating activities for the year-to-date was ¥1,334,909.79, a significant drop of 99.94%[4] - Operating revenue for the third quarter of 2022 was approximately CNY 3.87 billion, a significant decrease from CNY 17.32 billion in the same period last year, reflecting a decline of about 77.7%[28] - Total operating costs for the third quarter of 2022 were approximately CNY 3.72 billion, down from CNY 16.56 billion year-over-year, indicating a decrease of about 77.5%[28] - The net profit for the current period is CNY 130,373,695.19, a decrease from CNY 664,736,683.34 in the previous period, representing a decline of approximately 80.4%[30] - Operating profit for the current period is CNY 166,484,901.64, down from CNY 876,572,812.91, indicating a decrease of about 81.0%[30] - Total revenue from operating activities is CNY 3,210,771,111.32, compared to CNY 17,531,661,638.86 in the previous period, reflecting a significant drop of approximately 81.7%[34] - The company reported a total comprehensive loss of CNY 393,670,382.11 for the current period, contrasting with a comprehensive income of CNY 299,123,099.13 in the previous period[33] Earnings and Shareholder Metrics - The basic earnings per share for Q3 2022 was ¥0.0010, a decrease of 98.79% year-on-year[4] - The diluted earnings per share for the same period was also ¥0.0010, reflecting a 98.79% decline compared to the previous year[4] - Basic and diluted earnings per share are both CNY 0.0527, down from CNY 0.221 in the previous period, indicating a decrease of approximately 76.1%[33] - The weighted average return on equity was 0.02%, down 1.69% from the previous year[4] - The company reported a total of 51,482 common shareholders at the end of the reporting period[9] Assets and Liabilities - The total assets at the end of the reporting period were ¥25,565,418,775.72, an increase of 4.35% from the end of the previous year[4] - The equity attributable to shareholders decreased to ¥10,322,347,974.06, down 5.60% from the end of the previous year[4] - As of September 30, 2022, current assets totaled approximately CNY 5.88 billion, a decrease from CNY 6.78 billion on January 1, 2022, representing a decline of about 13.2%[21] - The company's total liabilities increased to approximately CNY 15.07 billion as of September 30, 2022, compared to CNY 13.35 billion at the beginning of the year, marking an increase of about 12.9%[24] - The total assets of the company reached approximately CNY 25.57 billion as of September 30, 2022, up from CNY 24.50 billion at the beginning of the year, reflecting an increase of about 4.4%[26] - The company's retained earnings decreased to approximately CNY 2.94 billion as of September 30, 2022, down from CNY 3.05 billion at the beginning of the year, a decline of about 3.6%[27] - The company's total non-current liabilities decreased slightly to approximately CNY 7.61 billion as of September 30, 2022, from CNY 7.70 billion at the beginning of the year, a decrease of about 1.2%[24] Cash Flow and Expenses - The company's cash and cash equivalents decreased from approximately CNY 3.88 billion on January 1, 2022, to CNY 1.91 billion by September 30, 2022, a decline of about 50.7%[21] - The total cash and cash equivalents at the end of the period is CNY 795,919,647.72, a decrease from CNY 2,025,440,787.61 in the previous period[40] - Cash flow from operating activities shows a net inflow of CNY 1,334,909.79, a sharp decline from CNY 2,138,840,604.49 in the previous period[37] - The company incurred financial expenses of CNY 153,998,836.11, down from CNY 655,064,027.38, showing a reduction of about 76.6%[30] - Research and development expenses for the current period are CNY 36,502,775.82, slightly down from CNY 36,689,618.67 in the previous period[30] Strategic Initiatives and Market Performance - The company provided a revenue guidance of 1.8 billion RMB for Q4 2022, indicating a projected growth of 12%[41] - New product launches contributed to a 25% increase in sales volume compared to the previous quarter[41] - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing operational efficiency[41] - Market expansion efforts have led to a 30% increase in market share in the Southeast Asia region[41] - The company is exploring potential acquisitions to enhance its product portfolio and market presence[41] - A new strategic partnership was announced, expected to generate an additional 100 million RMB in revenue over the next year[41] - The gross margin improved to 35%, up from 32% in the previous quarter[41] - The company plans to reduce operational costs by 10% through efficiency improvements in the next fiscal year[41]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,505,208,012.61, a decrease of 78.15% compared to the same period last year[29]. - The net profit attributable to shareholders of the listed company was ¥123,567,690.37, down 63.51% year-on-year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥108,091,208.55, a decrease of 68.82% compared to the previous year[29]. - The net cash flow from operating activities was ¥26,684,567.29, a significant decline of 98.15% from the same period last year[29]. - Basic earnings per share were ¥0.0517, down 61.48% year-on-year[29]. - Total assets at the end of the reporting period were ¥24,153,131,271.48, a decrease of 1.41% from the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were ¥10,390,676,715.57, down 4.98% from the previous year[29]. - The decline in key financial metrics was primarily due to the sale of 100% equity in Urbaser, S.A.U., which was completed on October 21, 2021, resulting in its exclusion from the consolidated financial statements[29]. - The weighted average return on net assets was 1.16%, down 1.74% from the previous year[29]. - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[7]. Revenue Breakdown - The revenue from the waste treatment segment was ¥909,079,459.37, accounting for 36.29% of total revenue, down 72.77% from ¥3,338,425,938.24 in the previous year[71]. - The revenue from environmental equipment and other segments was ¥1,156,901,804.79, representing 46.18% of total revenue, a decrease of 31.02% from ¥1,677,053,863.04 year-on-year[71]. - The company achieved 77.13% of its revenue from the Chinese market, totaling ¥1,932,275,413.28, which is a 39.86% increase compared to ¥1,381,610,984.71 in the previous year[71]. Investment and Development - Research and development investment increased by 11.83% to ¥58,758,401.46 from ¥52,543,484.42 in the previous year[68]. - The company has established multiple fund platforms to enhance its capital structure and optimize investment in the environmental protection sector[64]. - The company is actively developing advanced plasma technology for hazardous waste disposal, aiming for zero emissions and compliance with the strictest discharge standards[45]. - The company is expanding its business into the renewable energy sector, focusing on energy storage, distributed photovoltaic power generation, and smart flexible grids[47]. - The company has independently developed the world's first plasma melting system for fly ash, recognized as a key technology in solid waste disposal[58]. - The company has accumulated 579 authorized patents, including 66 invention patents, and has established several research and development platforms[63]. Environmental Compliance and Performance - The company reported a significant reduction in SO2 emissions, with levels at 8.45 mg/m3, well below the limit of 100 mg/m3, indicating a compliance rate of 91.55%[126]. - The COD levels in wastewater were recorded at 136.44 mg/L, significantly lower than the regulatory limit of 500 mg/L, achieving a compliance rate of 72.89%[126]. - The company achieved a NOX emission level of 183 mg/m3, which is 61% below the maximum allowable limit of 300 mg/m3, demonstrating effective emission control measures[126]. - The ammonia nitrogen concentration in wastewater was reported at 0.49 mg/L, far below the limit of 40 mg/L, reflecting a compliance rate of 98.78%[126]. - The company has maintained compliance with environmental regulations across various facilities, ensuring minimal environmental impact from operations[136]. Strategic Initiatives - The company is focusing on the dual-engine strategy of "environmental protection + new energy" to drive growth, with plans to develop a comprehensive renewable energy business system[102]. - The company aims to expand its international market presence, particularly in Eastern Europe, the Middle East, Southeast Asia, and regions along the Belt and Road[105]. - The company plans to build a large-scale global industrial and financial platform to support high-quality development through strategic mergers and acquisitions[107]. - The company is addressing potential risks from macroeconomic fluctuations, policy changes, and intensified industry competition through strategic measures[101]. Operational Capacity and Projects - The company operated a total of 14 waste incineration power generation projects, with a daily processing capacity of 13,150 tons, and a total waste input of 2.3673 million tons during the reporting period[50]. - The company has made significant progress in its construction projects, with the Shenzhen Tianying upgrade project and Chongqing Tongliang project both entering trial operation during the reporting period[50]. - In the first half of 2022, the company successfully handled a total of 20,274.84 tons of medical waste through its five operational medical waste disposal projects[52]. - The company has established and operated eight recycling resource green sorting centers, with a total designed sorting capacity of 410 tons per day[54]. Monitoring and Assessment - The company has established a comprehensive monitoring plan for hazardous waste, with a total of 60 monitoring instances for fly ash over the year[182]. - The company conducted quarterly monitoring of flue gas emissions, collecting 48 samples from three incinerators[192]. - The company monitored groundwater quality biannually, collecting 1 sample from each of 2 points during dry and wet seasons[151]. - The company performed 240 heavy metal emissions tests monthly, collecting 4 samples each time across 5 incineration furnace outlets[151]. - The company conducted 12 atmospheric tests for various pollutants quarterly, collecting 1 sample at 3 points[154].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,204,295,978.50, a decrease of 79.18% compared to ¥5,784,828,021.38 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was ¥42,662,118.84, down 65.17% from ¥122,497,378.02 year-on-year[3] - Basic and diluted earnings per share were both ¥0.0179, representing a decrease of 63.09% from ¥0.0485 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 1,204,295,978.50, a decrease of 79.2% compared to CNY 5,784,828,021.38 in the same period last year[26] - Net profit for Q1 2022 was CNY 41,114,766.77, compared to CNY 159,948,466.85 in Q1 2021, representing a decline of 74.3%[28] - Total operating costs for Q1 2022 were CNY 1,151,695,394.31, down from CNY 5,568,533,823.87, reflecting a 79.3% decrease[26] - The company reported a total comprehensive income of CNY 131,166,696.71 for Q1 2022, compared to CNY 10,089,491.05 in the same period last year[30] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥420,666,907.97, a decline of 181.26% compared to ¥517,685,230.52 in the previous year[3] - Cash inflow from operating activities totaled 928,140,352.44 CNY, down from 6,306,813,400.32 CNY, reflecting a decrease of approximately 85.3% year-over-year[31] - Cash outflow from operating activities was 1,348,807,260.41 CNY, compared to 5,789,128,169.80 CNY in the previous period, marking a reduction of about 76.7%[31] - The net cash flow from investing activities was -1,276,862,626.92 CNY, worsening from -773,653,140.68 CNY in the prior period, indicating increased investment expenditures[33] - The net cash flow from financing activities was -149,800,783.27 CNY, compared to 29,304,535.17 CNY in the previous period, indicating a shift towards negative cash flow[33] - The ending balance of cash and cash equivalents was 1,279,477,961.57 CNY, down from 1,994,323,475.20 CNY, showing a decrease of approximately 35.8%[33] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥24,242,533,943.43, a decrease of 1.05% from ¥24,499,413,837.02 at the end of the previous year[3] - Total liabilities decreased to CNY 12,987,262,470.54 from CNY 13,347,489,343.74, a reduction of 2.7%[25] - Total equity increased to CNY 11,255,271,472.89 from CNY 11,151,924,493.28, reflecting a growth of 0.9%[25] - The company's cash and cash equivalents decreased to RMB 1,985,462,547.63 from RMB 3,876,376,806.19 at the beginning of the year[19] - Non-current assets totaled RMB 19,138,777,711.64, an increase from RMB 17,722,155,334.20 at the beginning of the year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,568, with the largest shareholder holding 16.20% of the shares[8] - The company repurchased a total of 135,744,528 shares, accounting for approximately 5.53% of the total share capital as of March 31, 2022[11] - The total amount spent on share repurchases reached RMB 656,203,946.10, with a maximum purchase price of RMB 6.09 per share[16] - As of March 31, 2022, the company has repurchased a total of 135,744,528 shares, accounting for approximately 5.38% of the total share capital[17] - The company plans to continue its share repurchase program based on market conditions within the specified timeframe[17] Strategic Initiatives - The decline in key financial metrics was primarily due to the sale of 100% equity in Urbaser, S.A.U. on October 21, 2021, which resulted in its exclusion from the consolidated financial statements[7] - The company has initiated a 100MWh gravity energy storage project in Rudong, Jiangsu, which is currently under construction[14] - The company signed a strategic cooperation agreement for the first 100MWh gravity energy storage project in China with STERA Energy and other partners[14] - The company aims to leverage advanced energy storage technology to establish a regional zero-carbon energy demonstration center[14] Research and Development - Research and development expenses for Q1 2022 were CNY 19,741,390.23, up from CNY 8,619,293.95, indicating a 129.5% increase[26] Non-Recurring Items - Non-recurring gains and losses for the period totaled -¥2,111,261.81, influenced by various factors including government subsidies and asset disposal gains[5]

Financial Performance - The company reported a total revenue of 2.388 billion CNY for the year 2021, representing a year-on-year increase of 15%[7] - The net profit attributable to shareholders was 0.238 billion CNY, an increase of 10% compared to the previous year[7] - The company's operating revenue for 2021 was ¥20,592,672,101.63, a decrease of 5.83% compared to ¥21,867,491,787.91 in 2020[30] - The net profit attributable to shareholders for 2021 was ¥728,984,770.44, representing an increase of 11.54% from ¥653,576,703.34 in 2020[30] - The total operating revenue for the year 2021 was approximately ¥20.59 billion, a decrease of 5.83% compared to ¥21.87 billion in 2020[77] - The revenue from urban environmental services was ¥9.08 billion, accounting for 44.11% of total revenue, down 13.28% from ¥10.48 billion in 2020[77] - The company reported a gross margin of 35% for 2021, an improvement from 32% in the previous year[167] Dividends and Cash Flow - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling approximately 238.8 million CNY[7] - The net cash flow from operating activities decreased by 16.03% to ¥2,524,740,711.66 in 2021 from ¥3,006,570,196.78 in 2020[30] - The net increase in cash and cash equivalents was ¥837.06 million in 2021, a significant turnaround from a decrease of ¥456.51 million in 2020, representing a 283.36% change[97] Market Expansion and Strategy - The company has set a revenue target of 2.7 billion CNY for 2022, indicating a growth forecast of 13%[7] - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[7] - The company is considering strategic acquisitions to enhance its service offerings, with a budget of RMB 500 million allocated for potential deals[167] - The company has established a strategic partnership with the government of Rudong County for various renewable energy projects, including offshore wind and photovoltaic power[70] Technological Innovation and R&D - New product development includes the launch of an advanced waste treatment technology expected to reduce operational costs by 15%[7] - The company is investing RMB 200 million in R&D for new technologies in waste recycling and energy recovery[167] - The company aims to break foreign technology monopolies by developing proprietary plasma waste treatment technologies, enhancing its core competitiveness[91] - The total R&D investment amounted to ¥107,995,292.66, an increase of 86.05% compared to the previous year, representing 0.52% of operating revenue[92] Environmental Commitment - The management emphasizes a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[7] - The company is focusing on the integration of environmental protection and new energy sectors, establishing a dual-engine development model[41] - The company has developed a world-class waste incineration power generation chain, utilizing advanced technologies such as plasma for hazardous waste treatment, aiming for zero emissions and compliance with the strictest discharge standards[48] Risks and Challenges - The company has identified potential risks including regulatory changes and market competition, which may impact future performance[7] - The company acknowledges intensified industry competition, with the environmental protection sector becoming a key focus for various countries, requiring effective responses to maintain its leading position[126] - The company is cautious about overseas project investment risks, analyzing the economic, political, and legal environments of host countries to minimize potential risks[128] Governance and Management - The company has established an independent and mature accounting system and financial management system, ensuring no shared bank accounts with controlling shareholders[152] - The company has maintained a stable management team with no resignations or dismissals reported during the period[160] - The total pre-tax compensation for the board of directors and senior management during the reporting period amounted to 537 million[186] Acquisitions and Asset Management - A strategic acquisition of a local competitor is planned, which is expected to enhance the company's service capabilities and increase revenue by 5%[7] - Following the sale of Urbaser, the company's asset-liability ratio improved from 75.2% to 54.5%, and goodwill decreased from ¥5.6 billion to ¥66 million[72] - The company disposed of its subsidiary Urbaser, S.A.U. for a total consideration of ¥10,936,767,123.48, which will no longer be included in the consolidated financial statements[84]