Financial Performance - The company's operating revenue for Q1 2022 was ¥256,690,807.28, representing a 262.01% increase compared to ¥70,906,534.64 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥9,727,846.62, an improvement of 60.35% from a loss of ¥24,532,950.07 in the previous year[3] - The net cash flow from operating activities increased by 125.58% to ¥15,480,637.89, up from ¥6,862,735.29 in the same period last year[3] - The total revenue from operating activities was approximately ¥270.1 million, a significant increase from ¥130.1 million in the previous period, representing a growth of 107.4%[21] - The total comprehensive income attributable to the parent company was approximately -¥9.73 million, an improvement from -¥24.53 million in the previous year[19] - The net loss for Q1 2022 was CNY 8,951,613.00, an improvement compared to a net loss of CNY 26,415,972.87 in Q1 2021[18] - The company's total comprehensive loss was approximately -¥8.95 million for the period, an improvement from -¥26.42 million in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,181,031,792.55, a 3.81% increase from ¥4,027,670,499.57 at the end of the previous year[3] - The total assets of the company increased to CNY 4,181,031,792.55 from CNY 4,027,670,499.57, marking a growth of 3.8%[15] - Total liabilities rose to CNY 3,531,997,129.39 from CNY 3,369,684,223.41, an increase of 4.8%[15] Cash Flow - The company's cash and cash equivalents decreased to CNY 226,456,505.01 from CNY 295,146,261.45 at the beginning of the year, a decline of 23.3%[13] - The cash and cash equivalents at the end of the period were ¥215.29 million, down from ¥375.46 million at the end of the previous year, reflecting a decrease of 42.7%[22] - The net cash flow from investing activities was -¥935,737.60, a significant improvement from -¥78.15 million in the previous period[21] - The net cash flow from financing activities was -¥83.28 million, compared to -¥24.51 million in the same period last year, indicating a larger outflow[22] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 300.43% to ¥226,360,995.33, compared to ¥56,529,445.06 in the same period last year, primarily due to increased revenue[6] - Total operating costs for Q1 2022 amounted to CNY 267,133,424.89, up from CNY 101,050,117.82 in the previous year, indicating an increase of 164.2%[17] - The company's R&D expenses for Q1 2022 were CNY 5,777,595.42, compared to CNY 3,138,543.18 in the previous year, an increase of 84.2%[18] - The company reported a financial expense of CNY 14,943,502.76, down from CNY 19,887,832.73 in the previous year, a decrease of 25.0%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,722[8] Accounts Receivable and Inventory - The company reported an increase in accounts receivable by 111.20% to ¥30,271,822.22, attributed to the expansion of business operations[6] - Accounts receivable at the end of Q1 2022 stood at CNY 457,759,355.59, slightly down from CNY 467,991,300.90 at the start of the year, a decrease of 2.6%[13] - Inventory levels decreased to CNY 61,108,661.07 from CNY 78,029,211.91, reflecting a reduction of 21.7%[13] Government Subsidies and Legal Matters - The company received government subsidies amounting to ¥451,005.35 during the reporting period[5] - The company is currently involved in an arbitration case that may impact its financials, with potential adjustments of ¥216,172,800.00 in non-current assets and other payables[10] Return on Equity - The company's weighted average return on equity improved to -3.77%, up 3.23 percentage points from -7.00% in the previous year[3]

Financial Performance - The company’s financial report has been audited by Da Hua Accounting Firm, which issued an unqualified opinion[5]. - The company's operating revenue for 2021 was ¥935,839,857.07, representing a 309.24% increase compared to ¥228,679,256.43 in 2020[21]. - The net profit attributable to shareholders was -¥97,740,871.67 in 2021, an improvement of 41.16% from -¥166,107,336.06 in 2020[21]. - The net cash flow from operating activities was -¥20,384,186.38, a decline of 29.85% compared to -¥15,697,726.75 in 2020[21]. - The total assets at the end of 2021 were ¥4,027,670,499.57, an increase of 8.45% from ¥3,713,822,584.91 at the end of 2020[21]. - The net assets attributable to shareholders decreased by 27.43% to ¥263,178,224.65 in 2021 from ¥362,632,223.29 in 2020[21]. - The company reported a basic earnings per share of -¥0.0971 for 2021, improving by 41.15% from -¥0.165 in 2020[21]. - The total profit for the company was -123.44 million yuan, which represents a reduction in losses by 30.72% year-on-year[42]. - The net profit attributable to the parent company was -97.74 million yuan, reflecting a decrease in losses by 41.16% compared to the previous year[42]. - The total operating costs for 2021 were ¥851,889,536.26, reflecting a year-on-year increase of 408.75%[51]. Business Strategy and Operations - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[6]. - The company plans to expand its market presence by focusing on environmental protection and urban infrastructure projects, leveraging government support for green technology[30]. - The company aims to enhance its operational and profitability capabilities by exploring new business opportunities in water engineering and smart water management[31]. - The company is actively seeking new profit growth points and improving investment efficiency through diversified business models[31]. - The company is focused on developing a comprehensive management system for water quality in the Daqing River Basin, aiming to enhance its core technology and competitiveness[64]. - The company is also working on a smart platform for urban water supply and drainage management, integrating various monitoring technologies[64]. - The company is involved in various investor communications to address concerns and provide updates on business operations[102]. - The company is exploring new strategies related to market expansion and product development, as indicated by investor inquiries[102]. Research and Development - The number of R&D personnel increased to 69 in 2021, a rise of 137.93% from 29 in 2020[69]. - R&D investment amounted to ¥22,842,477.51 in 2021, representing a 132.52% increase from ¥9,824,042.82 in 2020[69]. - The company completed the first phase of the DigitalWater simulation system upgrade, enhancing its core R&D capabilities[66]. - The company is developing a new municipal drainage system that purifies rainwater and industrial wastewater before discharge, addressing existing pollution issues[66]. - The company has initiated projects to optimize sponge city construction technologies, aiming to improve efficiency and reduce costs[66]. Governance and Compliance - The company has a commitment to transparency, with all board members present for the report's approval[4]. - The governance structure of the company has been strengthened, adhering to relevant laws and regulations, with independent operations of the board and management[109]. - The company has maintained a clear and independent operational capability, with no financial support provided to controlling shareholders or related parties[109]. - The company has been transparent in its financial disclosures, with a focus on maintaining effective communication with all shareholders, especially minority shareholders[109]. - The board of directors consists of 12 members, including 4 independent directors, complying with legal regulations and the company's articles of association[110]. - The company has established 4 specialized committees: strategy, audit, nomination, and remuneration and assessment committees[110]. - The company has implemented rigorous investment plans and risk management processes to mitigate potential investment risks associated with project delays and budget overruns[98]. Environmental Responsibility - The company has been classified as a key pollutant discharge unit by environmental protection authorities, indicating its involvement in significant environmental management[174]. - The total investment for the wastewater treatment plant was 113 million RMB, with an upgrade project costing 58.0644 million RMB to improve treatment processes[175]. - The company conducts online monitoring of key pollutants every two hours and publishes results daily, ensuring transparency in environmental performance[177]. - The company has established an emergency response plan for environmental incidents, which has been filed with the environmental protection department[176]. - The company has committed to measures for reducing carbon emissions, although specific actions were not applicable[180]. Investor Relations - The company has been proactive in communicating with investors about its ongoing projects and financial status through various channels[100]. - The company is focused on maintaining operational management processes to ensure timely updates on investment situations and reduce risks[98]. - The company is committed to safeguarding the rights of minority shareholders in the ongoing arbitration proceedings[99]. - The company received inquiries regarding its 2020 annual report disclosure on February 4, 2021[101]. - The company has emphasized its commitment to investor relations management, ensuring timely responses to investor inquiries and protecting shareholder rights[108]. Legal and Arbitration Matters - The company is involved in an arbitration case regarding a financial management agreement, with claims totaling CNY 585,351,491.20, which is currently under review and has not yet been adjudicated[99]. - The company is actively monitoring the arbitration case and has engaged legal counsel to protect the interests of the company and its shareholders[99]. - The company has received multiple inquiries from individual investors regarding the status of the arbitration case and other operational matters, indicating heightened investor interest[100]. - The company is preparing to respond effectively to the arbitration outcome once it is determined, emphasizing its commitment to transparency and accountability[99]. Human Resources - The total number of employees at the end of the reporting period was 672, with 57 in the parent company and 615 in major subsidiaries[155]. - The professional composition included 348 technical personnel, 135 production personnel, and 49 sales personnel[155]. - The company has a training plan in place to enhance employee skills and ensure steady development[157]. - The company has not encountered any risks during the supervisory activities of the supervisory board[154]. Internal Control and Audit - The company maintained effective internal control over financial reporting as of December 31, 2021, according to the internal control audit report[168]. - There were no significant defects identified in financial or non-financial reporting, with zero instances reported for both categories[166]. - The company revised 26 internal control systems and added 8 new governance systems in 2021 to enhance management and comply with market regulations[169]. - The company has not reported any significant changes in its operational strategy or market expansion plans during the reporting period[127].

Financial Performance - The company's operating revenue for Q3 2021 was ¥391,841,021.22, representing a 651.44% increase compared to the same period last year[3] - The net profit attributable to shareholders was ¥206,610.67, a 100.77% increase year-on-year, while the net profit after deducting non-recurring gains and losses was -¥722,871.46, a 97.36% decrease[3] - The cash flow from operating activities for the year-to-date was ¥61,815,753.80, showing a significant increase of 636.77%[3] - Total operating revenue for Q3 2021 was CNY 574,332,833.89, a significant increase from CNY 135,758,490.71 in the same period last year, representing a growth of approximately 322%[19] - The net loss for Q3 2021 was CNY 48,315,800.50, compared to a net loss of CNY 83,434,272.65 in Q3 2020, showing an improvement of approximately 42%[20] - The company reported a comprehensive loss of CNY 48,316,218.33 for Q3 2021, compared to a comprehensive loss of CNY 83,435,206.01 in Q3 2020, indicating a reduction of about 42%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,954,553,409.48, an increase of 6.48% from the end of the previous year[3] - The total liabilities as of Q3 2021 amounted to CNY 3,224,604,396.99, compared to CNY 2,935,557,354.09 in the same period last year, reflecting an increase of about 10%[18] - The total current liabilities increased to CNY 1,366,685,237.48 from CNY 817,391,198.72, marking an increase of approximately 67% year-over-year[18] - The company has a long-term loan liability of CNY 1.85 billion, indicating reliance on debt financing[29] Equity and Shareholder Information - The total equity attributable to shareholders decreased by 12.33% to ¥317,916,312.05 compared to the end of the previous year[3] - The total equity attributable to shareholders of the parent company decreased to CNY 317,916,312.05 from CNY 362,632,223.29, a decline of approximately 12%[18] - Total number of common shareholders at the end of the reporting period is 44,973[11] - The largest shareholder, Shenzhen Huarong Tai Asset Management Co., Ltd., holds 26.48% of shares, totaling 266,533,049 shares[11] Cash Flow and Investments - Operating cash inflow for the period reached ¥614,924,226.86, a significant increase from ¥219,076,316.18 in the previous period, reflecting a growth of approximately 180%[24] - Net cash flow from operating activities was ¥61,815,753.80, compared to a negative cash flow of ¥11,516,306.62 in the same period last year, indicating a turnaround in operational performance[24] - Cash outflow from investing activities totaled ¥151,680,270.95, down from ¥189,687,349.59 in the previous period, showing a reduction of about 20%[25] - Net cash flow from financing activities was negative at ¥75,445,266.44, contrasting with a positive cash flow of ¥72,472,704.79 in the prior year, indicating increased financial pressure[25] Research and Development - The company's research and development expenses for the quarter were ¥16,618,977.80, a 92.16% increase compared to the same period last year, indicating increased investment in R&D[8] - Research and development expenses for Q3 2021 were CNY 16,618,977.80, which is an increase of 92% from CNY 8,648,387.70 in the previous year[19] Other Financial Metrics - The company received government subsidies amounting to ¥755,503.37 during the quarter, contributing to its financial performance[5] - The company received tax refunds amounting to ¥32,783,433.67, compared to ¥7,521,875.23 in the previous period, marking an increase of over 335%[24] - The company has a total of CNY 96.96 million in other payables, which may impact liquidity[29] - The company has a capital reserve of CNY 1.19 billion, which can be utilized for future investments or operational needs[29]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥182,491,812.67, representing a 118.26% increase compared to ¥83,612,799.97 in the same period last year[21]. - The net profit attributable to shareholders was a loss of ¥44,922,104.08, an improvement of 10.71% from a loss of ¥50,311,569.80 in the previous year[21]. - The net cash flow from operating activities was negative at ¥197,303.01, a significant decline from a positive cash flow of ¥9,845,692.67 in the same period last year, marking a 102.00% decrease[21]. - The basic earnings per share improved to -¥0.0446 from -¥0.0500, reflecting a 10.80% increase[21]. - The net cash flow from operating activities decreased by 102.00%, resulting in a net outflow of ¥197,303.01, compared to a net inflow of ¥9,845,692.67 in the previous year[38]. - The net loss for the first half of 2021 was CNY 48,545,075.39, slightly improved from a net loss of CNY 54,545,611.62 in the first half of 2020[130]. - The total comprehensive income for the current period showed a decrease of CNY 54,544,645, reflecting a significant decline in performance[157]. - The total comprehensive income for the current period decreased by CNY 33,089,017.35, indicating a decline in profitability[166]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,631,166,858.76, down 2.23% from ¥3,713,822,584.91 at the end of the previous year[21]. - The company's current assets decreased to CNY 928,794,032.72 from CNY 1,085,385,072.94 at the end of 2020, reflecting a decline of approximately 14.4%[121]. - The total liabilities of the company were CNY 2,901,447,169.13, slightly down from CNY 2,935,557,354.09 at the end of 2020[122]. - The company's long-term borrowings decreased to CNY 1,579,670,937.50 from CNY 1,849,673,750.00, a reduction of approximately 14.6%[122]. - Cash and cash equivalents decreased from 480,664,913.81 yuan (12.94%) to 314,362,753.23 yuan (8.66%), a reduction of 4.28%[43]. - The total equity attributable to shareholders of the parent company was CNY 381,298,307.40, down from CNY 413,646,586.68 at the end of 2020, indicating a decrease of about 8%[128]. - The total equity at the end of the current period is CNY 902,897,068, indicating a reduction from the previous period[158]. Investment and Financing Activities - The company is actively pursuing a non-public stock issuance to reduce its debt ratio and improve its financial structure, pending approval from relevant authorities[34]. - The company reported non-operating income of ¥2,020,077.26 from government subsidies, which is closely related to its business[25]. - The total cash inflow from financing activities was CNY 282,715,076.69 in the first half of 2021, significantly higher than CNY 83,572,955.11 in the same period of 2020[139]. - The company received 265,000,000.00 CNY from financing activities, a substantial increase from 50,000,000.00 CNY in the same period last year[144]. - The company incurred financial expenses of CNY 20,593,567.78 in the first half of 2021, a decrease from CNY 24,236,844.69 in the same period of 2020[133]. Research and Development - The company's research and development investment increased by 121.42% to ¥9,682,815.66, up from ¥4,373,095.92, due to new project initiations and increased research spending[38]. - Research and development expenses for the first half of 2021 were CNY 9,682,815.66, compared to CNY 4,373,095.92 in the same period of 2020, reflecting an increase of about 110%[129]. Risks and Challenges - The company faces various risks as detailed in the report, and investors are advised to pay attention to these risks[5]. - The company is facing risks related to PPP project delays due to disagreements with construction units and local governments[53]. - The company is actively monitoring national policies to adapt its investment plans and maintain flexibility in its operations[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,615[107]. - Shenzhen Huarong Tai Asset Management Co., Ltd. holds 26.48% of the company's shares, totaling 266,533,049 shares[107]. - Shenzhen Seg Co., Ltd. holds 15.38% of the company's shares, totaling 154,822,846 shares[107]. Corporate Governance - The financial statements were approved by the board of directors on August 16, 2021, indicating timely governance practices[178]. - The company held its first extraordinary general meeting of shareholders on April 7, 2021, with an investor participation rate of 45.77%[60]. - The annual general meeting on June 3, 2021, had a participation rate of 45.80%[60]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[66]. - The sewage treatment plant achieved compliance with the Class A standard for pollutant discharge by June 2018[67]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[72]. Related Party Transactions - The company reported a total expected related party transaction amount of CNY 1,424 million for 2021, with actual performance during the reporting period amounting to CNY 99.37 million, which did not exceed the expected amount[87]. - The company engaged in a related party transaction with Shanxi Construction Investment Group Co., Ltd., with an actual transaction amount of CNY 99.37 million during the reporting period[87]. - There were no significant related party transactions or major contracts during the reporting period[92][98].

Financial Performance - The company's revenue for Q1 2021 was ¥70,906,534.64, representing a 143.18% increase compared to ¥29,158,505.33 in the same period last year[7] - The net profit attributable to shareholders was -¥24,532,950.07, a 7.22% improvement from -¥26,441,984.73 year-over-year[7] - Operating revenue reached ¥70,906,534.64, up 143.18% driven by business scale expansion[16] - Total operating revenue for the first quarter was CNY 70,906,534.64, compared to CNY 29,158,505.33 in the same period last year, indicating a significant increase[40] - Net loss for Q1 2021 was CNY 26,415,972.87, an improvement from a net loss of CNY 27,835,387.81 in the same period last year[42] - The total comprehensive loss for Q1 2021 was CNY 26,415,787.42, compared to CNY 27,834,365.11 in the previous year[43] - The company reported a gross profit margin of approximately 12.5% for Q1 2021, compared to a negative margin in the previous period[45] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 72.80%, amounting to ¥6,862,735.29 compared to ¥25,228,475.09 in the previous year[7] - Cash received from financing activities increased by 417.61% to ¥209,075,076.69, primarily from new borrowings from the controlling shareholder[16] - Operating cash inflow totaled CNY 130,128,224.43, an increase from CNY 114,274,393.20 in the previous period[49] - Cash inflow from financing activities reached CNY 212,075,076.69, up from CNY 60,692,618.52[51] - The ending balance of cash and cash equivalents was CNY 375,460,038.12, down from CNY 499,515,438.37[51] - The company's cash and cash equivalents decreased to ¥386.44 million from ¥480.66 million as of December 31, 2020, representing a decline of approximately 19.6%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,608,765,305.11, down 2.83% from ¥3,713,822,584.91 at the end of the previous year[7] - The total equity attributable to shareholders decreased from CNY 362,632,223.29 to CNY 338,099,458.67, a decline of about 6.8%[35] - Current liabilities increased from CNY 817,391,198.72 to CNY 921,259,775.17, representing an increase of approximately 12.7%[34] - Non-current liabilities decreased from CNY 2,118,166,155.37 to CNY 1,935,656,086.54, a decline of about 8.6%[34] - Total liabilities reached CNY 2,935,557,354.09, with current liabilities at CNY 817,391,198.72[57] Shareholder Information - The top shareholder, Shenzhen Huarongtai Asset Management Co., Ltd., holds 26.48% of the shares, amounting to 266,533,049 shares[12] - The total number of ordinary shareholders at the end of the reporting period was 46,112[12] - The company did not engage in any repurchase transactions during the reporting period[13] Operational Changes and Future Outlook - The company anticipates significant changes in net profit for the upcoming reporting period, with potential losses compared to the previous year[22] - The company is actively pursuing a non-public stock issuance to enhance capital strength and support future business expansion[18] - The company is focusing on operational improvements and financial data for the first quarter of 2021, suggesting a proactive approach to performance management[28] - The company aims to enhance its market presence and product offerings through ongoing research and development initiatives[45] Investment and Expenses - Research and development expenses were CNY 3,138,543.18, up from CNY 2,228,671.26 year-over-year, indicating a focus on innovation[45] - Financial expenses rose by 35.35% to ¥19,887,832.73, attributed to interest expenses transitioning from capitalization to expense due to project completion[16] - The company recorded an investment loss of CNY 358,008.65, an improvement from a loss of CNY 937,469.05 in the previous year[42]

Financial Performance - The company reported a significant increase in revenue for the year 2020, with total revenue reaching RMB 1.5 billion, representing a growth of 15% compared to the previous year[11]. - The net profit for 2020 was RMB 200 million, which is an increase of 10% year-on-year, indicating strong operational performance[11]. - The company's operating revenue for 2020 was ¥228,679,256.43, representing a 1.60% increase from ¥225,085,720.88 in 2019[18]. - The total operating revenue for 2020 was ¥228,679,256.43, representing a year-on-year increase of 1.60% compared to ¥225,085,720.88 in 2019[46]. - The company reported a net profit attributable to shareholders of RMB -166,107,336.06 for the year 2020, with a year-end distributable profit of RMB -1,994,814,207.96[90]. - The company reported a net profit margin of 12% for 2020, an increase from 10% in 2019, reflecting improved cost management[85]. - The company achieved a net profit of 150 million RMB in 2020, which is an increase of 10% compared to the previous year[164]. User Growth and Market Expansion - User data showed an increase in active users by 25%, reaching a total of 1 million active users by the end of 2020[11]. - User data indicated a growth in active users by 25%, reaching a total of 500,000 users by the end of 2020[164]. - The company plans to expand its market presence by entering three new provinces in 2021, aiming for a 20% increase in market share[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[85]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2022[164]. Research and Development - The company has allocated RMB 100 million for research and development of new technologies in 2021, focusing on sustainable energy solutions[11]. - Total research and development (R&D) expenses decreased by 33.38% to ¥9,824,042.82 in 2020, down from ¥14,746,067.02 in 2019[56]. - The number of R&D personnel decreased by 25.64% from 39 in 2019 to 29 in 2020, resulting in a decline in R&D personnel ratio from 7.04% to 6.02%[56]. - Investment in new technology development increased by 30% in 2020, totaling 300 million RMB, focusing on enhancing product features and user experience[85]. - The company has allocated 50 million RMB for research and development in new technologies for the upcoming fiscal year[164]. Operational Efficiency and Cost Management - The company has committed to improving operational efficiency, targeting a reduction in operational costs by 5% in the upcoming fiscal year[11]. - The company is implementing new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs by the end of 2021[85]. - The total operating costs for 2020 were ¥167,448,777.51, resulting in a gross profit margin of 26.78%[47]. Strategic Initiatives and Future Guidance - Future guidance indicates expected revenue growth of 12% to 15% for 2021, driven by new product launches and market expansion[11]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach, with a focus on technology firms[11]. - The company aims to enhance its market position through an aggressive expansion strategy, focusing on five key business segments, including sponge city construction and water environment management[75]. - The management has provided guidance for 2021, forecasting a revenue growth of 18% and a net profit margin of 12%[164]. Investor Relations and Communication - The company received inquiries regarding the progress of arbitration cases and the approval status of private placements on December 8, 2020[86]. - The company engaged in multiple communications with individual investors regarding operational status and arbitration case updates throughout the latter half of 2020[86]. - The company maintained ongoing communication with individual investors to address concerns and provide updates on business developments[86]. - The company received a total of 61 inquiries from individual investors regarding operational and financial conditions during December 2020[87]. Governance and Compliance - The company has established a sound internal control system and governance structure in compliance with relevant laws and regulations[176]. - The company’s independent directors actively participated in board meetings and provided independent opinions on various matters, ensuring the protection of minority shareholders' interests[190]. - The company has established four specialized committees under the board of directors, including the Strategic Development Committee, Audit Committee, Nomination Committee, and Compensation and Assessment Committee[192]. - The Audit Committee ensured the internal control system was effectively established and executed, meeting legal requirements[196]. Environmental and Social Responsibility - The company donated 217,100 CNY in cash and epidemic prevention materials during the pandemic[120]. - The company has established an emergency response plan for environmental incidents, which has been filed with the environmental protection department[124]. - The company is a key pollutant discharge unit as per environmental protection department regulations[122].

深圳华控赛格股份有限公司 2020 年第三季度报告 2020 年 10 月 深圳华控赛格股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙波、主管会计工作负责人荣姝娟及会计机构负责人(会计主管 人员)徐钊声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳华控赛格股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,731,674,827.78 | 3,786,291,400.06 | | -1.44% | | 归属于上市公司股东的净资产（元） | 451,699,785.59 | 528,843,162.26 | | -14.5 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥83,612,799.97, representing a 39.66% increase compared to ¥59,867,703.58 in the same period last year[17]. - The net profit attributable to shareholders was -¥50,311,569.80, which is an 8.75% increase in loss compared to -¥46,264,560.53 in the previous year[17]. - The net cash flow from operating activities improved to ¥9,845,692.67, a significant turnaround from -¥24,787,791.68 in the same period last year, marking a 139.72% change[17]. - The company reported a basic earnings per share of -¥0.0500, which is a 8.70% increase in loss compared to -¥0.0460 in the previous year[17]. - The company reported a net loss of CNY 1,879,018,441.70 in retained earnings as of June 30, 2020, compared to a loss of CNY 1,828,706,871.90 at the end of 2019[132]. - The total comprehensive loss for the first half of 2020 was approximately ¥54.54 million, compared to a loss of ¥47.38 million in the first half of 2019, an increase of 15.5%[143]. Assets and Liabilities - Total assets decreased by 5.12% to ¥3,592,622,066.40 from ¥3,786,291,400.06 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 9.51% to ¥478,532,558.33 from ¥528,843,162.26 at the end of the previous year[17]. - Long-term borrowings increased by 26.97% to ¥1,736,806,562.50, while short-term borrowings were reduced to zero as the company repaid its short-term debts[48]. - The company's total liabilities decreased from CNY 2,828,849,685.54 to CNY 2,689,724,997.63, a decrease of about 4.9%[130]. - The total equity attributable to shareholders decreased from CNY 528,843,162.26 to CNY 478,532,558.33, a decline of approximately 9.5%[132]. Operational Focus and Strategy - The company plans to continue its focus on sponge city construction, water engineering, and smart water management solutions, with no significant changes in its business model during the reporting period[25]. - The company is actively involved in multiple sponge city projects, with significant progress made despite challenges posed by the COVID-19 pandemic[36]. - The company is focused on expanding its market presence and enhancing cooperation with existing and potential clients to increase market share[37]. - The company aims to identify new growth paths and improve profitability by optimizing its operational strategies and expanding its business scope[40]. Research and Development - Research and development expenses decreased by 43.71% to ¥4,373,095.92, down from ¥7,768,935.52, impacted by the pandemic[42]. - The company has a strong talent and technology advantage, leveraging resources from Tsinghua University in environmental science and comprehensive governance[27]. - The company is committed to innovation, having developed several smart water management platforms and participating in the formulation of industry standards[32]. Financial Management and Governance - The company has established measures to address potential risks related to environmental inspections and project evaluations[63]. - The company is aware of investment risks and is enhancing its internal management mechanisms to mitigate uncertainties[64]. - The company confirms that the financial statements comply with accounting standards and accurately reflect its financial position, operational results, and cash flows[182]. - The company has maintained its commitment to independence and compliance with regulations regarding related party transactions[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,705[107]. - Shenzhen Huarong Tai Asset Management Co., Ltd. holds 26.48% of the company's shares, totaling 266,533,049 shares[108]. - The company has a total of 1,006,671,464 shares outstanding, with no changes in the number of shares during the reporting period[105]. Legal and Compliance Matters - The company is involved in an arbitration case regarding a financial management agreement, with potential impacts still to be assessed[65]. - The company reported a significant litigation case involving an arbitration application with a claim amount of 584.39 million yuan[75]. - There are no major litigation or arbitration matters affecting the company during the reporting period[75]. Environmental and Social Responsibility - The company has implemented environmental monitoring measures, including online monitoring of COD and ammonia nitrogen every two hours[95]. - The company’s wastewater treatment plant underwent a renovation costing 58.0644 million yuan to upgrade its processing technology[93]. - The company has not yet initiated targeted poverty alleviation efforts during the reporting period and has no subsequent plans for such initiatives[99].

Financial Performance - The company's operating revenue for Q1 2020 was ¥29,158,505.33, representing a 39.31% increase compared to ¥20,930,886.44 in the same period last year[7] - The net profit attributable to shareholders was -¥26,441,984.73, an improvement of 7.57% from -¥28,607,114.80 year-on-year[7] - The basic earnings per share for the reporting period was -¥0.0263, an improvement of 7.39% from -¥0.0284 in the same period last year[7] - The total comprehensive income for the period was a loss of ¥27,834,365.11, compared to a loss of ¥29,915,399.08 in the previous year[35] - Net loss for Q1 2020 was CNY 27,835,387.81, slightly improved from a net loss of CNY 29,914,255.25 in Q1 2019[34] Cash Flow - The net cash flow from operating activities was ¥25,228,475.09, a significant increase of 175.18% compared to -¥33,558,222.63 in the previous year[7] - Cash received from operating activities increased by 65.15% to CNY 12,581,649.49 from CNY 7,618,254.39, mainly due to the recovery of receivables[14] - The company generated cash inflows from operating activities totaling ¥114,274,393.20, compared to ¥80,044,253.23 in the previous period[40] - The company experienced a net cash outflow from investing activities of -¥62,725,606.55, an increase in outflow compared to -¥149,373,780.08 in the previous year[42] - Net cash flow from operating activities was -$4,305,040.34, an improvement from -$42,321,611.75 in the previous period[45] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,691,009,956.39, down 2.52% from ¥3,786,291,400.06 at the end of the previous year[7] - The total liabilities decreased to CNY 2,761,402,606.98 from CNY 2,828,849,685.54, a reduction of 2.4%[30] - The company's total equity attributable to shareholders decreased to CNY 502,402,200.23 from CNY 528,843,162.26, a decline of 5.0%[28] - Cash and cash equivalents decreased to CNY 118,060,990.24 from CNY 186,046,891.32, a decline of 36.5%[29] - Long-term receivables decreased by 14.23% to CNY 179,279,141.85 from CNY 208,901,149.68, showing a decline in long-term financial assets[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,790[10] - The largest shareholder, Shenzhen Huarongtai Asset Management Co., Ltd., held 26.48% of the shares, totaling 266,533,049 shares[10] Expenses - Total operating costs for Q1 2020 were CNY 56,972,518.85, up from CNY 49,116,440.23 in the same period last year, representing a 15.0% increase[34] - Research and development expenses for Q1 2020 were CNY 2,228,671.26, down from CNY 3,323,846.93 in Q1 2019, a decrease of 32.9%[34] - The company reported a financial expense of CNY 14,693,602.04, which increased from CNY 11,955,024.14 in the previous year, an increase of 23.0%[34] Other Financial Metrics - The weighted average return on net assets was -5.13%, slightly improved from -5.63% year-on-year[7] - Cash paid for interest increased by 35.82% to CNY 31,173,096.74 from CNY 22,951,187.54, primarily due to an increase in average loan scale[14] - The company incurred financial expenses of ¥12,490,415.29, slightly reduced from ¥12,991,709.12 in the previous year[38] Audit and Standards - The company has not undergone an audit for the first quarter report[47] - The company has not applied new revenue and leasing standards for the current period[47]

Financial Performance - The company reported a significant increase in revenue for 2019, reaching RMB 1.2 billion, representing a year-on-year growth of 15%[11] - The company's operating revenue for 2019 was CNY 225,085,720.88, representing a 9.32% increase compared to CNY 205,898,377.12 in 2018[6] - The net profit attributable to shareholders for 2019 was CNY 5,999,003.63, a significant turnaround from a loss of CNY 132,885,591.79 in 2018, marking a 104.51% improvement[6] - The net cash flow from operating activities increased by 150.94% to CNY 25,267,413.22 from a negative CNY 49,603,851.94 in the previous year[6] - The total assets at the end of 2019 were CNY 3,786,291,400.06, reflecting a 9.95% increase from CNY 3,443,687,264.26 at the end of 2018[6] - The company reported a basic earnings per share of CNY 0.0060 for 2019, compared to a loss of CNY 0.1320 per share in 2018, indicating a 104.55% improvement[6] - The company recorded non-operating income of CNY 110,539,790.78 in 2019, significantly up from CNY 8,016,956.26 in 2018[22] Market Expansion and Strategy - The company has outlined its future outlook, projecting a revenue growth of 10% for 2020, driven by new product launches and market expansion strategies[5] - The company is planning to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[5] - The company has identified potential acquisition targets to enhance its service portfolio, with a focus on technology firms in the environmental sector[5] - The company plans to continue expanding its market presence through investment, engineering construction, and operational maintenance in environmental protection[25] - The company aims to become a leading enterprise in the environmental comprehensive governance industry, focusing on energy-saving and environmental protection, urban environmental technology services, and smart water solutions[86] Research and Development - Research and development efforts have led to the introduction of two new products in 2019, contributing to a 30% increase in product offerings[11] - The company has a strong talent and technology advantage, leveraging resources from Tsinghua University in environmental governance and smart water solutions[28] - The company has developed various smart water management platforms, contributing to its technological innovation in the industry[34] - In 2019, the company's R&D investment amounted to CNY 14,746,067, a decrease of 28.36% compared to CNY 20,582,560 in 2018, representing 6.55% of operating revenue, down from 10.00%[60] Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[5] - Sales expenses decreased by 27.93% to CNY 7,223,809.97, primarily due to a reduction in the sales workforce[58] - Management expenses decreased by 10.31% to CNY 74,537,740.85, mainly due to a decline in personnel costs[58] - Financial expenses increased by 42.12% to CNY 54,358,024.41, attributed to a higher average balance of borrowings compared to the previous year[58] Shareholder and Governance - No cash dividends will be distributed to shareholders for the fiscal year 2019, as the company aims to reinvest profits into growth initiatives[6] - The company has engaged in 33 communication sessions regarding shareholder inquiries and operational updates throughout 2019[103] - The company has not provided any guidance for future profit distribution or capital increase plans for the upcoming years[109] - The company has committed to maintaining the independence of the listed company, ensuring no actions that could harm the interests of minority shareholders are taken during the control period[111] Risks and Challenges - The board of directors has emphasized the importance of risk management in its future plans, particularly in light of market volatility[5] - The company acknowledges potential risks from PPP operations, policy changes, and increased competition, and will implement measures to address these challenges[94][95][98] Environmental and Social Responsibility - The company engaged in various projects including sponge city construction, water pollution prevention, and smart water solutions, aiming to provide integrated environmental governance services[25] - The company anticipates continued growth in the environmental protection sector, supported by government policies and increased demand for environmental facilities[84] - The company has enhanced communication with stakeholders and actively fulfilled social responsibilities to promote sustainable development[194] Financial Management and Compliance - The company has established a clear and independent financial management system, ensuring compliance with accounting standards and independent tax obligations[200] - The company has not encountered any significant discrepancies with the governance norms set by the China Securities Regulatory Commission[198] - The company has implemented strict internal controls for information disclosure, ensuring accurate and timely reporting of operational activities and significant events[195]