Financial Performance - The company's operating revenue for the first half of 2015 was CNY 317,903,870.84, an increase of 25.63% compared to CNY 253,043,384.59 in the same period last year[20]. - Net profit attributable to shareholders was CNY 36,951,920.60, reflecting a growth of 3.69% from CNY 35,635,261.28 year-on-year[20]. - The net profit after deducting non-recurring gains and losses decreased by 12.47% to CNY 26,296,014.89 from CNY 30,042,190.77 in the previous year[20]. - The company's operating revenue for the reporting period was ¥317,903,870.84, representing a year-on-year increase of 25.63% compared to ¥253,043,384.59 in the previous year[31]. - Operating costs increased to ¥214,146,724.50, up 22.64% from ¥174,615,865.72 in the same period last year[31]. - The company reported a net increase in cash and cash equivalents of ¥7,759,517.17, down 72.95% from ¥28,683,643.32 in the previous year[32]. - The company reported a net cash outflow from operating activities of CNY 48.78 million, compared to a net outflow of CNY 15.95 million in the previous year[109]. - The total profit for the first half of 2015 was CNY 31.25 million, a decrease of 29.66% from CNY 44.45 million in the previous year[105]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,335,058,424.27, a 1.71% increase from CNY 2,295,876,066.90 at the end of the previous year[20]. - The total liabilities of the company were CNY 1,403,545,538.32, compared to CNY 1,392,997,038.91 at the start of the period, indicating a rise in liabilities[96]. - The company's current assets totaled CNY 617,086,649.04, slightly down from CNY 619,440,166.04 at the beginning of the period[94]. - Accounts receivable rose to CNY 409,242,960.79 from CNY 383,447,872.14, reflecting a growth of approximately 6.7%[93]. - The company's inventory decreased significantly from CNY 12,109,635.19 to CNY 3,494,694.52, indicating a reduction of about 71%[93]. - Short-term borrowings increased to CNY 770,000,000.00 from CNY 510,000,000.00, representing a rise of approximately 51%[95]. Cash Flow - The company reported a negative cash flow from operating activities of CNY -48,783,254.98, a decline of 219.84% compared to CNY -15,945,874.94 in the same period last year[20]. - Cash flow from investing activities showed a net outflow of CNY 147.83 million, compared to a net outflow of CNY 138.23 million in the same period last year[109]. - Cash flow from financing activities resulted in a net inflow of CNY 204.37 million, an increase from CNY 182.86 million in the previous year[110]. - The net cash flow from investment activities was -120,618,820.96 CNY, compared to -29,485,658.79 CNY in the previous period, indicating a significant increase in cash outflow for investments[113]. Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The cash and cash equivalents increased by 27,983,155.38 CNY during the period, compared to an increase of 54,479,916.34 CNY in the previous period[113]. - The company distributed dividends and interest payments totaling 44,902,986.91 CNY, compared to 21,458,757.94 CNY in the previous period, representing a 109.1% increase[113]. Operational Highlights - Heating revenue reached CNY 15,159,860, an increase of 16.12% from the previous year, while wastewater treatment revenue was CNY 13,784,280, up 32.12% year-on-year[28]. - The company has increased its innovation and R&D efforts, achieving a water reuse volume of 792.10 million tons and biogas transport volume of 269.39 million cubic meters in the first half of 2015[37]. - The company is focused on the development of its wastewater treatment business, with significant investments planned in this area[59]. Shareholder Structure - The largest shareholder, Zhengzhou Thermal Power Company, holds 29.20% of the shares, while Zhengzhou Sewage Treatment Company holds 24.45%[79]. - The company's total shares amount to 269,459,799, with 100% being unrestricted shares[76]. Compliance and Governance - The half-year financial report has not been audited as of the reporting date[68]. - The company is actively preparing for its annual shareholder meeting and addressing investor inquiries regarding performance and restructuring progress[58]. - The company has not engaged in any external investments or securities investments during the reporting period[38][40]. Challenges and Risks - The company has accumulated overdue sewage treatment fees from Zhengzhou City totaling 439 million RMB as of June 30, 2015, impacting cash flow and business development[71]. - The company has faced challenges related to the independence of its operations due to shared assets with its controlling shareholder[70]. - The company is undergoing a major asset restructuring to resolve competition issues with its controlling shareholder, with the restructuring process ongoing as of June 30, 2015[73].

Financial Performance - The company's operating revenue for Q1 2015 was ¥218,050,279.57, representing a 16.31% increase compared to ¥187,473,162.85 in the same period last year[8] - The net profit attributable to shareholders for Q1 2015 was ¥20,370,892.84, up 7.39% from ¥18,969,933.85 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,919,702.34, reflecting a 7.89% increase from ¥18,463,342.94 year-on-year[8] - The basic earnings per share for Q1 2015 was ¥0.08, an increase of 14.29% compared to ¥0.07 in the same period last year[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,189,533,142.51, a decrease of 4.63% from ¥2,295,876,066.90 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥907,865,374.00, which is a 2.30% increase from ¥887,494,481.18 at the end of the previous year[8] - The company reported a net cash flow from operating activities of -¥48,837,509.78, which is a decline of 12.83% compared to -¥43,284,238.36 in the same period last year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,891[11] - The top two shareholders, Zhengzhou Heat Supply Company and Zhengzhou Sewage Purification Company, hold 31.28% and 24.45% of shares respectively, indicating significant ownership concentration[11] Restructuring Efforts - The company is undergoing a major asset restructuring to resolve competition issues with its controlling shareholder, which is currently in progress[15] - The company is currently fulfilling commitments made during the asset restructuring process, which began on July 21, 2005, regarding competition and the independence of the listed company[17] - The company has been actively communicating with individual investors regarding the progress of its restructuring efforts, with multiple inquiries about the resumption of trading and asset evaluation from January to March 2015[18] - The company has committed to ensuring environmental independence as part of its long-term commitments made on April 10, 2014, which are still in progress[17]

Financial Performance - The company's operating revenue for 2014 was CNY 578,277,822.70, representing a 17.93% increase compared to CNY 490,370,540.76 in 2013[22]. - The net profit attributable to shareholders for 2014 was CNY 66,169,974.33, which is a 10.75% increase from CNY 59,747,031.19 in the previous year[22]. - The net cash flow from operating activities increased significantly by 99.36% to CNY 167,216,477.50, compared to CNY 83,876,563.86 in 2013[22]. - Basic earnings per share for 2014 were CNY 0.25, up 13.64% from CNY 0.22 in 2013[22]. - Total assets at the end of 2014 reached CNY 2,295,876,066.90, marking a 23.94% increase from CNY 1,852,445,287.43 in 2013[22]. - The total profit for the year was 7,915.54 million yuan, up 9.79% compared to the previous year, while net profit reached 6,795.98 million yuan, reflecting a 13.46% increase[33]. - The company reported a total profit of CNY 40,043,910.07 and a net profit of CNY 36,259,777.83 for the year 2014[77]. Asset Management - The company’s assets totaled 229,587.61 million yuan, a 23.94% increase year-on-year, while shareholder equity rose to 90,287.90 million yuan, up 6.93%[33]. - Total assets increased to CNY 2,295,876,066.90, up from CNY 1,852,445,287.43, representing a growth of 24.0%[167]. - Non-current assets reached CNY 1,676,435,900.86, up from CNY 1,301,963,492.99, indicating a growth of 28.8%[167]. - The company reported a significant increase in intangible assets, which rose to CNY 893,744,019.06 from CNY 423,455,008.73, a growth of 111.1%[167]. Cash Flow and Financing - The cash flow from operating activities amounted to ¥584,995,495.66, an increase from ¥473,944,494.03 in the previous period[180]. - The financing cash inflow increased by 63.37% to ¥748,486,250.00, attributed to increased bank loans for new investment projects[44]. - The net cash flow from operating activities increased to ¥167,216,477.50, up from ¥83,876,563.86, representing a growth of 99.5% year-over-year[182]. - Cash inflow from loans amounted to ¥747,126,250.00, compared to ¥442,160,000.00 in the previous year, indicating a significant increase of 68.9%[182]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.36 per 10 shares to all shareholders[4]. - The proposed cash dividend is CNY 0.36 per 10 shares, totaling CNY 9,700,552.76, based on a total share capital of 269,459,799 shares[81]. - The cash dividend for 2014 represents 14.66% of the net profit attributable to shareholders[79]. - The company has a profit distribution policy that mandates a minimum cash dividend of 30% of the average distributable profit over the last three years[75]. Operational Efficiency - The company processed a total of 226 million tons of wastewater in 2014, marking a significant increase of 3.8 million tons compared to the previous year[28]. - The company expanded its heating supply area to 11.64 million square meters, an increase of 3.04 million square meters from the previous year[29]. - The company’s water treatment operational units increased to 8, with a designed daily wastewater treatment capacity of 670,000 tons[28]. - The company has established a one-stop service platform for customers, simplifying processes related to heating service management and enhancing customer satisfaction[85]. Market and Industry Trends - The wastewater treatment industry in China is characterized by low market concentration and a lack of leading enterprises, with growth driven by network expansion and new capacity construction[63]. - The sludge treatment sector is anticipated to experience rapid development, with companies that have scale advantages and produce related equipment and chemicals poised for growth opportunities[64]. - The market for the environmental protection industry is expected to expand significantly over a long period, with a trend towards resource integration and cross-regional development[64]. - The heating industry is undergoing reforms, with a focus on marketization and the implementation of a "who uses heat, who pays" system to enhance efficiency and service quality[65]. Corporate Governance - The company maintained a governance structure that complies with the Company Law and the Securities Law, ensuring the protection of minority shareholders' interests[131]. - The independent directors attended 8 board meetings, with 6 in-person attendances, and did not raise any objections to company matters during the reporting period[134][135]. - The company’s board of directors and supervisory board operated independently, with no interference from the controlling shareholder[131]. - The audit committee approved the 2013 financial statements, which were prepared in accordance with the new accounting standards and accurately reflect the company's financial position as of December 31, 2013[139]. Social Responsibility and Community Engagement - The company has committed to social responsibility, focusing on sustainable development and protecting shareholder and creditor rights[82]. - The company has engaged in various community service activities to enhance its public image and customer relations[85]. - The company has actively communicated with investors regarding its financial performance and future development plans[86]. Risk Management - The company faces market risks due to intensified competition and limited quality water project resources, necessitating enhanced market expansion strategies[68]. - Rising costs of energy, labor, and raw materials pose a risk to profitability, prompting the company to focus on technological advancements and cost management[68]. - The company will closely monitor national macroeconomic policies and leverage supportive measures to mitigate policy risks associated with water pricing adjustments[69].

中原环保股份有限公司 2014 年第三季度报告正文 证券代码：000544 证券简称：中原环保 公告编号：2014-35 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 中原环保股份有限公司 2014 年第三季度报告正文 1 中原环保股份有限公司 2014 年第三季度报告正文 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、误导性陈述或者重大遗漏，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。 公司负责人李建平、主管会计工作负责人王东方及会计机构负责人(会计主管人员)杜其山声明：保证 季度报告中财务报表的真实、准确、完整。 2 中原环保股份有限公司 2014 年第三季度报告正文 公司是否因会计政策变更及会计差错更正等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） | 2,005,611,170.04 | 1,852,445,287.43 | | 8.2 ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 253,043,384.59, representing a 7.64% increase compared to CNY 235,082,761.45 in the same period last year[19]. - The net profit attributable to shareholders was CNY 35,635,261.28, a slight decrease of 0.33% from CNY 35,754,543.03 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 30,042,190.77, down 10.33% from CNY 33,503,997.53 in the previous year[19]. - The company's operating revenue for the reporting period was ¥253,043,384.59, representing a year-on-year increase of 7.64% compared to ¥235,082,761.45 in the previous year[27]. - Operating costs increased by 17.01% to ¥174,615,865.72 from ¥149,227,754.79 in the same period last year[27]. - The net profit for the first half of 2014 was CNY 36,745,676.38, compared to CNY 35,712,063.38 in the previous year, indicating a growth of 2.9%[86]. - The company reported a net profit of 35,635,276.61 yuan for the period, contributing to an increase in total equity[98]. Assets and Liabilities - The total assets at the end of the reporting period reached CNY 1,981,203,837.43, an increase of 6.95% from CNY 1,852,445,287.43 at the end of the previous year[19]. - The total assets of the company reached RMB 5 billion, reflecting a 10% increase compared to the previous year[124]. - The company’s total liabilities increased to CNY 1,109,538,970.49 from CNY 1,008,095,003.92[80]. - The total liabilities were CNY 960,367,248.12, up from CNY 673,255,941.78, marking an increase of 42.7%[84]. - The company’s equity attributable to shareholders reached CNY 856,959,768.13, compared to CNY 830,755,599.80 at the beginning of the period[80]. Cash Flow - The net cash flow from operating activities improved by 28.25%, reaching -¥15,945,874.94, compared to -¥22,224,680.86 in the previous year[28]. - The net cash flow from investment activities improved by 35.90%, amounting to -¥138,227,967.52, down from -¥215,647,643.10 last year, due to reduced investment expenditures and receiving cash dividends of ¥7.5 million[28]. - The net increase in cash and cash equivalents was ¥28,683,643.32, a significant improvement of 206.63% compared to -¥26,899,885.30 in the previous year[28]. - The cash flow from operating activities was CNY 147,884,413.58, compared to CNY 106,888,589.44 in the previous year, indicating a significant increase of 38.3%[91]. - The ending balance of cash and cash equivalents was 199,890,510.35 yuan, up from 138,457,971.16 yuan, showing a significant increase[93]. Dividends and Shareholder Information - The company did not distribute cash dividends or issue bonus shares during the reporting period[5]. - The company distributed a cash dividend of 0.3500 RMB per 10 shares to shareholders based on a total share capital of 269,459,799 shares[41]. - The cash dividend policy was confirmed to comply with the company's articles of association and shareholder resolutions[42]. - The total number of ordinary shareholders at the end of the reporting period was 42,217[64]. - The major shareholders include Zhengzhou Thermal Power Company holding 31.52% and Zhengzhou Sewage Purification Company holding 24.45%[65]. Operational Efficiency and Management - The company is focusing on enhancing its financial management and optimizing the allocation of human resources to improve operational efficiency[24]. - The company plans to continue its efforts in equipment maintenance and facility upgrades to enhance service quality in the heating sector[24]. - The company has invested in several water treatment projects, which are now operational, contributing to its asset management success[24]. Environmental and Resource Management - The company processed a total of 82.32 million tons of wastewater in the first half of 2014, with 10.59 million tons of reclaimed water output and 1.97 million cubic meters of biogas produced[23]. - The company achieved a total of 1,058,960 tons of reclaimed water usage and 197,000 cubic meters of biogas transportation in the first half of 2014, contributing to resource conservation and emission reduction[34]. Compliance and Governance - The company has maintained compliance with governance requirements set by the China Securities Regulatory Commission[47]. - The company has not engaged in any major asset acquisitions or disposals during the reporting period[50][51]. - There were no significant litigation or arbitration matters reported during the period[48]. - The company has not implemented any stock incentive plans during the reporting period[53]. Financial Reporting and Accounting Policies - The company follows the accounting standards set by the Ministry of Finance and complies with the disclosure requirements of the China Securities Regulatory Commission[110]. - There were no changes in the company's significant accounting policies or estimates during the reporting period[198]. - The company did not identify any prior period accounting errors during the reporting period[200].

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、误导性陈述或者重大遗漏，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。 公司负责人李建平、主管会计工作负责人王东方及会计机构负责人(会计主 管人员)杜其山声明：保证季度报告中财务报表的真实、准确、完整。 2 中原环保股份有限公司 2014 年第一季度报告正文 中原环保股份有限公司 2014 年第一季度报告正文 证券代码：000544 证券简称：中原环保 公告编号：2014-18 中原环保股份有限公司 2014 年第一季度报告正文 1 中原环保股份有限公司 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 187,473,162.85 | 165,264,598.35 | 13.44% | | 归属于上市公 ...

Financial Performance - The company's operating revenue for 2013 was CNY 490,370,540.76, representing a 16.71% increase compared to CNY 420,148,537.01 in 2012[23] - The net profit attributable to shareholders for 2013 was CNY 59,747,031.19, a decrease of 40.99% from CNY 101,245,514.58 in 2012[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,604,137.95, down 7.02% from CNY 39,366,531.01 in 2012[23] - The basic earnings per share for 2013 were CNY 0.22, a decrease of 42.11% from CNY 0.38 in 2012[23] - The diluted earnings per share for 2013 were also CNY 0.22, reflecting the same decrease of 42.11% from CNY 0.38 in 2012[23] - The weighted average return on equity for 2013 was 7.46%, down from 14.05% in 2012, a decrease of 6.59%[23] - The company achieved a total profit of CNY 72,097,959.42 for the year 2013, with a net profit attributable to the parent company of CNY 59,747,031.19[75] - The net profit for the year was 59.90 million yuan, a decrease of 40.83% year-on-year, primarily due to the expiration of tax incentives[32] Cash Flow and Assets - The net cash flow from operating activities for 2013 was CNY 83,876,563.86, an increase of 6.76% from CNY 78,563,947.17 in 2012[23] - The total assets at the end of 2013 were CNY 1,852,445,287.43, a 29.52% increase from CNY 1,430,213,280.51 at the end of 2012[23] - The net assets attributable to shareholders at the end of 2013 were CNY 830,755,599.80, up 7.75% from CNY 771,008,568.61 at the end of 2012[23] - The company's total liabilities increased to RMB 1,008,095,003.92 by the end of 2013, compared to RMB 653,259,811.05 at the beginning of the year, marking a rise of about 54.3%[161] - The total equity attributable to shareholders rose to RMB 830,755,599.80 at the end of 2013, up from RMB 771,008,568.61 at the start of the year, reflecting an increase of approximately 7.7%[161] Operating Costs and Revenue Streams - The total operating costs rose by 20.5% to 346.16 million yuan, with sewage treatment costs accounting for 30.4% of total operating costs[36] - The revenue from sewage treatment was CNY 198.95 million, with a year-on-year growth of 12.28%, while the gross margin decreased by 4.03% to 47.11%[45] - The revenue from heating sales reached CNY 200.31 million, reflecting a 13.76% increase, with a gross margin of 6.94%[45] - The company's total operating costs for the reporting period amounted to CNY 346.16 million, an increase of 20.5% compared to CNY 287.27 million in the previous year[37] Investments and Projects - The company secured central subsidy funds of 101.27 million yuan for the port sewage treatment project, significantly enhancing project investment returns[30] - The planned total investment for the Zhengzhou Xinzheng Comprehensive Bonded Zone Second Sewage Treatment Plant project is ¥40,756,000, with ¥19,899,550 invested during the reporting period[60] - The company invested CNY 30.46 million in cash inflow from investment activities, a 90.51% increase compared to the previous year[43] Market Position and Strategy - The company aims to enhance its market position through mergers and acquisitions in the competitive sewage treatment sector[62] - The company plans to focus on expanding its market presence in the Central Plains Economic Zone while innovating its development strategies[65] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and drive future growth[161] Governance and Management - The company has established a profit distribution policy that ensures a stable and continuous return to shareholders, with a focus on cash and stock dividends[71] - The company has independent directors with qualifications including certified public accountants and professors in economics[111] - The company has a governance structure that includes 9 directors, 3 of whom are independent directors, and 5 supervisors, ensuring compliance with legal requirements[123] - The total remuneration for the chairman, Li Jianping, is 436,200 RMB for the reporting period[116] Compliance and Risk Management - The company has maintained a strong commitment to information disclosure, receiving recognition from the Shenzhen Stock Exchange for its transparency[81] - The company has not experienced any major litigation or arbitration matters during the reporting period[88] - The company has not faced any media scrutiny during the reporting period[89] - The company is facing policy risks due to the cyclical nature of economic growth and uncertainties in water price adjustments, which may impact water service investments[66] Employee and Operational Structure - As of December 31, 2013, the company employed a total of 712 staff, including 436 production personnel, 155 technical personnel, 23 financial personnel, and 98 administrative personnel[119] - The company has established a complete training system, combining professional skills training with quality capability training[119] - The company has implemented a performance-based salary system, distributing performance bonuses monthly based on assessment results[119] Financial Reporting and Audit - The company received a standard unqualified audit opinion for the 2013 financial statements, indicating effective internal controls and compliance with accounting standards[151] - The audit committee confirmed that the financial statements for 2012 were prepared in accordance with the new accounting standards, ensuring accuracy and completeness[135] - The company has established a comprehensive internal control system to ensure the accuracy and completeness of financial reporting, with no significant deficiencies reported during the evaluation period[146]