Financial Performance - The company's operating revenue for 2020 was ¥2,149,746,278.73, representing a 23.57% increase compared to ¥1,739,717,527.04 in 2019[24] - The net profit attributable to shareholders for 2020 was ¥496,089,921.02, a 6.78% increase from ¥464,576,327.77 in 2019[24] - The net profit after deducting non-recurring gains and losses was ¥398,728,523.91, which is a 15.66% decrease compared to ¥472,774,410.90 in 2019[24] - The net cash flow from operating activities was ¥608,247,075.42, down 21.06% from ¥770,517,451.95 in 2019[24] - The total assets at the end of 2020 were ¥16,187,705,945.20, an increase of 48.73% from ¥10,883,604,606.79 at the end of 2019[27] - The net assets attributable to shareholders at the end of 2020 were ¥6,254,042,555.40, a 4.34% increase from ¥5,993,868,111.76 at the end of 2019[27] - The basic earnings per share for 2020 were ¥0.51, up 6.25% from ¥0.48 in 2019[24] - The diluted earnings per share for 2020 were also ¥0.51, reflecting a 6.25% increase from ¥0.48 in 2019[27] - The weighted average return on equity for 2020 was 8.13%, compared to 7.88% in 2019[27] Cash Flow and Investments - The company reported a significant increase of 522.43% in net increase of cash and cash equivalents, totaling approximately ¥993 million[78] - The company's total investment during the reporting period was ¥4,483,350,982.28, representing a 150.95% increase compared to ¥1,786,547,363.68 in the previous year[86] - Investment cash inflow decreased by 29.18% to approximately ¥384 million, while investment cash outflow increased by 56.88% to about ¥3.27 billion, leading to a net cash outflow of approximately ¥2.89 billion[78] - Financing cash inflow surged by 137.61% to approximately ¥5.66 billion, primarily due to increased bank loans, while cash outflow from financing activities rose by 64.64% to about ¥2.39 billion[78] Revenue Breakdown - The revenue from sewage treatment was CNY 1,014,020.83 million, accounting for 47.17% of total revenue, with a slight decrease of 1.71% year-on-year[60] - The engineering construction and management segment saw revenue of CNY 780,032.17 million, a significant increase of 69.11% year-on-year[60] - The total revenue for the water and sewage treatment projects amounted to approximately ¥4.48 billion, with total costs reaching about ¥5.88 billion[96] Subsidiary Performance - The company reported a net loss of ¥4.29 million from its subsidiary Zhongyuan Environmental Heating Co., Ltd.[103] - The subsidiary Zhongyuan Environmental Water Denfeng Co., Ltd. generated a revenue of ¥27.39 million but incurred a net loss of ¥240,578.07[103] - Zhongyuan Environmental reported a total revenue of approximately CNY 2.15 billion for its subsidiary Zhongyuan Environmental Xinmi Water Co., with a net profit of CNY 3.87 million[107] - The company achieved a revenue of CNY 805 million for Zhengzhou East New District Water Co., with a net profit of CNY 114.86 million, reflecting a strong performance in the public utility sector[107] Strategic Initiatives - The company has established a comprehensive service model in the ecological environment sector, covering water supply, sewage treatment, and waste disposal, among others[40] - The company is focusing on technological innovation, having developed over 100 patents and software copyrights in areas such as sewage treatment and waste resource utilization[43] - The company has initiated several key projects, including the PPP project for comprehensive water environment governance in Xinyang, indicating a strategic focus on expanding its market presence[52] - The company aims to strengthen its talent pool and has established mechanisms for talent recruitment and development to support its growth strategy[45] Compliance and Governance - The company was awarded the highest level A for information disclosure by the Shenzhen Stock Exchange, indicating strong compliance and transparency[58] - The company emphasizes compliance management and risk control, establishing a comprehensive risk prevention mechanism[125] - The company will enhance its audit supervision system to ensure effective oversight of its operations and management[125] Market Outlook and Future Plans - The company provided guidance for 2021, projecting revenue growth of 15% to 18%, aiming for a total revenue between 1.725 billion and 1.77 billion[140] - The company plans to focus on high-tech, high-growth, high-value-added, and low-risk projects to drive sustainable development and innovation[122] - The company is actively pursuing new projects and partnerships to enhance its service capabilities and brand influence in the ecological environment sector[113] Environmental Compliance - The company adheres to the pollutant discharge standards set by the relevant environmental regulations[200] - The company is committed to improving the quality and efficiency of wastewater treatment facilities, aligning with national industry trends and policies[116]

Financial Performance - Operating revenue for the period reached CNY 557.13 million, representing a year-on-year increase of 29.51%[10] - Net profit attributable to shareholders was CNY 173.31 million, up 73.79% from the same period last year[10] - Total profit increased by 80.92% to ¥537,267,160.94 compared to ¥296,968,501.74, driven by increased revenue and the reversal of bad debt provisions[23] - Net profit for the period was CNY 176,501,450.25, compared to CNY 85,412,845.93 in the previous period, reflecting a substantial growth in profitability[66] - Net profit for the current period was ¥118,307,884.42, compared to ¥78,762,373.49 in the previous period, reflecting a growth of approximately 50.3%[74] - The net profit for the current period was ¥365,699,278.84, representing a growth of 61.3% from ¥226,860,619.65 in the previous period[90] Assets and Liabilities - Total assets increased by 34.16% to CNY 14.60 billion compared to the end of the previous year[10] - The total liabilities of the company amounted to CNY 7.87 billion, up from CNY 4.45 billion, which is an increase of approximately 77.5%[48] - The company's total assets increased to CNY 8,931,850,435.55 from CNY 8,169,257,632.75, showing a growth of approximately 9.35%[58] - Total liabilities rose to CNY 2,973,148,141.92, compared to CNY 2,313,057,797.88, indicating an increase of about 28.5%[58] - The total current assets amounted to CNY 3,172,197,650.44, with cash and cash equivalents at CNY 1,606,909,276.24[104] Cash Flow - The net cash flow from operating activities decreased by 33.43% to CNY 209.79 million[10] - The company reported a decrease in operating cash flow by 33.43% to ¥410,566,867.83 from ¥616,773,690.37 due to the absence of prior year's wastewater treatment fee collections[23] - Net cash flow from financing activities surged by 145.83% to ¥2,434,438,356.52 from ¥990,282,212.02, primarily due to increased bank borrowings[23] - Cash inflow from financing activities reached CNY 4,583,420,675.00, significantly higher than CNY 2,207,042,213.50 in the previous period[97] Shareholder Information - The total number of shareholders at the end of the reporting period was 33,971, with the largest shareholder holding 68.73%[14] - The largest shareholder, Zhengzhou Public Utilities Investment Development Group, held 669,855,147 shares[14] Earnings Per Share - Basic and diluted earnings per share were both CNY 0.18, a decrease of 76.92% compared to the previous year[10] - Basic and diluted earnings per share both increased to ¥0.18 from ¥0.09, marking a 100% increase[74] Investments and Expenses - Research and development expenses for the period were CNY 8,169,909.46, slightly down from CNY 9,205,289.11 in the previous period[63] - The company reported a financial expense of CNY 22,074,186.57, which decreased from CNY 25,638,388.45, indicating improved cost management[63] - The company’s investment income for the period was CNY 371,030.38, compared to CNY 163,726.47 in the previous period, showing an increase in returns from investments[63] Other Financial Metrics - The weighted average return on net assets was 2.82%, an increase of 2.90% from the previous year[10] - Other comprehensive income after tax was CNY 11,367,226.12, a recovery from a loss of CNY 13,778,455.80 in the previous period[66] - The company reported a total comprehensive income of ¥129,675,110.54, up from ¥64,983,917.69, indicating a growth of approximately 99.5%[76] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[75]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 880,142,474.79, representing a 17.71% increase compared to CNY 747,708,196.41 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 272,851,336.31, a 59.15% increase from CNY 171,440,327.76 year-on-year[21]. - The total profit for the period was CNY 34,616.84 million, showing a significant year-on-year growth of 71.13%[42]. - The net profit reached CNY 28,145.22 million, which is a year-on-year increase of 59.77%[42]. - The basic earnings per share increased by 55.56% to CNY 0.28, compared to CNY 0.18 in the same period last year[21]. - The company reported a net profit of CNY 1.2 billion, reflecting a year-on-year growth of 15%[79]. - Net profit for the first half of 2020 was ¥281,452,153.37, a rise of 59.7% from ¥176,155,561.01 in the first half of 2019[189]. Cash Flow and Assets - The net cash flow from operating activities decreased by 59.80% to CNY 200,776,136.84, down from CNY 499,390,918.83 in the previous year[21]. - The company's total assets at the end of the reporting period were ¥13,703,000,000, with cash and cash equivalents accounting for 21.18%[49]. - Current assets increased to CNY 4.22 billion as of June 30, 2020, up from CNY 3.17 billion at the end of 2019, representing a growth of approximately 33.1%[169]. - Cash and cash equivalents rose significantly to CNY 2.90 billion from CNY 1.61 billion, marking an increase of about 80.0%[169]. - Total liabilities increased to CNY 7.19 billion, up from CNY 4.45 billion, reflecting a growth of approximately 61.9%[172]. Investments and Projects - The company is actively expanding its market presence through investment in multiple environmental projects, including wetland parks and water environment governance[41]. - The total investment amount for new projects reached CNY 597,767,160.00, with an average equity stake of 73.03% across the new companies established[58]. - The investment amount during the reporting period was ¥1,804,169,516.69, a significant increase of 230.77% compared to the previous year[54]. - The company has invested CNY 334,545,111.34 in the Xinmi Rural Domestic Sewage Treatment Project, with a cumulative actual investment of CNY 754,367,931.87[62]. Research and Development - The company has obtained over 100 patents and software copyrights in various fields, indicating strong innovation capabilities[35]. - The company has developed the "Shenzhou Small Tank" wastewater purifier, establishing a replicable model for rural wastewater treatment[35]. - Research and development expenses remained stable at ¥13,947,759.92, a slight decrease of 0.15%[45]. Environmental Impact - The total emissions for COD were 93.00 tons, NH3-N 2.48 tons, TN 23.90 tons, and TP 0.73 tons for the Zhengzhou Shangjie Water Company[121]. - All water companies have maintained stable operation and met discharge standards since their establishment[126]. - The environmental impact assessments for various water companies have been approved by relevant authorities[126]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,682[139]. - The largest shareholder, Zhengzhou Public Utilities Investment Development Group Co., Ltd., held 669,855,147 shares, accounting for 68.73% of the total shares[139]. - The company did not undergo any changes in its controlling shareholder during the reporting period[144]. Future Plans - The company plans to not distribute cash dividends or issue bonus shares for the reporting period[5]. - The company plans to continue expanding its public facility services and ecological projects, aiming for sustainable growth in the coming years[64]. - The company plans to establish over 30 subsidiaries in and outside Henan Province to enhance its comprehensive environmental service capabilities and improve its governance system[88].

Financial Performance - The company's operating revenue for Q1 2020 was CNY 415,112,158.98, representing a 32.80% increase compared to CNY 312,590,676.44 in the same period last year[10] - Net profit attributable to shareholders was CNY 123,369,284.20, a significant increase of 99.76% from CNY 61,758,888.09 year-on-year[10] - The net profit after deducting non-recurring gains and losses was CNY 122,467,427.47, up 101.45% from CNY 60,794,236.41 in the previous year[10] - The basic earnings per share increased to CNY 0.13, reflecting a growth of 116.67% compared to CNY 0.06 in the same quarter last year[10] - Profit before tax increased by 91.66% to CNY 141,438,861.25 from CNY 73,798,134.15 year-on-year[24] - The total comprehensive income for the period was CNY 87,696,905.45, down from CNY 113,187,048.68, reflecting a decrease of approximately 22.5%[50] - The total comprehensive income for the current period is 98,625,701.59, down from 105,424,972.37 in the previous period, reflecting a decrease of about 6.8%[68] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 12,980,166,280.76, marking a 19.26% increase from CNY 10,883,604,606.79 at the end of the previous year[10] - Total liabilities increased to CNY 4,068,936,483.38 from CNY 3,172,197,650.44, reflecting a significant rise in financial obligations[24] - Total liabilities increased to CNY 6,411,475,015.90 from CNY 4,448,018,378.52, representing a rise of about 44.0%[50] - The company's total equity reached CNY 6,568,691,264.86, compared to CNY 6,435,586,228.27, showing a growth of approximately 2.1%[50] - Non-current liabilities totaled CNY 3,351,910,623.79, up from CNY 2,807,409,269.11, indicating an increase of about 19.4%[50] Cash Flow - The net cash flow from operating activities was negative at CNY -135,928,244.65, a decline of 160.05% compared to CNY 226,350,338.24 in the same period last year[10] - Cash inflow from operating activities decreased by 63.72% to CNY 193,905,104.35, down from CNY 534,419,504.93 in the previous year[24] - Cash flow from operating activities generated a net outflow of CNY -135,928,244.65, a significant decrease from CNY 226,350,338.24 in the prior period[76] - Cash flow from investing activities resulted in a net outflow of CNY -1,056,633,449.68, compared to CNY -472,281,639.87 in the previous year[79] - Cash flow from financing activities generated a net inflow of CNY 1,874,363,561.18, a turnaround from a net outflow of CNY -101,871,490.15 in the prior period[82] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,259[14] - The company's undistributed profits increased to CNY 983,193,866.71 from CNY 859,824,582.51, reflecting a growth of approximately 14.3%[50] Operational Metrics - The weighted average return on equity was 2.04%, an increase of 1.03% from 1.01% in the previous year[10] - Research and development expenses for the current period are 7,156,697.51, compared to 6,646,656.97 in the previous period, showing an increase of about 7.6%[65] - The financial expenses for the current period amount to 20,693,880.50, which is an increase from 16,981,479.23 in the previous period, representing a rise of approximately 22.5%[65] - The total operating costs for the current period are 276,671,071.34, up from 238,006,848.77 in the previous period, indicating an increase of about 16.2%[65] Government Support - The company received government subsidies amounting to CNY 2,214,603.35 during the reporting period[10] Future Considerations - The company is implementing new revenue and lease standards effective January 1, 2020, which may impact future financial reporting[100] - The company continues to focus on maintaining liquidity and managing working capital effectively[90]

Financial Performance - The company's operating revenue for 2019 was CNY 1,739,717,527.04, representing a 69.40% increase compared to CNY 1,027,015,100.34 in 2018[24] - The net profit attributable to shareholders of the listed company was CNY 464,576,327.77, an increase of 12.13% from CNY 414,322,454.71 in the previous year[24] - The net cash flow from operating activities reached CNY 770,517,451.95, showing a significant increase of 174.17% compared to CNY 281,040,481.47 in 2018[24] - The basic earnings per share for 2019 was CNY 0.48, up 11.63% from CNY 0.43 in 2018[24] - Total assets at the end of 2019 amounted to CNY 10,883,604,606.79, a 19.77% increase from CNY 9,086,848,152.08 at the end of 2018[27] - The net assets attributable to shareholders of the listed company were CNY 5,993,868,111.76, reflecting a 3.59% increase from CNY 5,785,944,139.64 in 2018[27] - The company reported a diluted earnings per share of CNY 0.48, consistent with the basic earnings per share[26] - The weighted average return on net assets was 7.88%, an increase from 7.47% in the previous year[27] Revenue Breakdown - The company's total revenue for the four quarters was as follows: Q1: ¥312,590,676.44, Q2: ¥435,117,519.97, Q3: ¥362,047,067.32, Q4: ¥629,962,263.31, indicating a strong performance in Q4[30] - Net profit attributable to shareholders for the four quarters was: Q1: ¥61,758,888.09, Q2: ¥109,681,439.67, Q3: ¥85,280,658.61, Q4: ¥207,855,341.40, showing significant growth in Q4[30] - The wastewater treatment segment generated CNY 1,031,615.37 million, accounting for 59.30% of total revenue, with an 18.41% increase compared to the previous year[53] - The heating sales segment reported revenue of CNY 144,130.66 million, which is 8.28% of total revenue, marking a 24.32% increase year-on-year[53] - The engineering construction and management segment contributed CNY 461,266.55 million, representing 26.51% of total revenue[53] Investment and Subsidiaries - The company has established over 30 subsidiaries across various regions, enhancing its market presence and operational capacity[41] - The company established four new subsidiaries during the reporting period, enhancing its operational capacity[62] - The company established several new subsidiaries, including a 100% ownership in the Zhengzhou Kitchen Waste Treatment Company with an investment of ¥20,000,000.00[83] - The cumulative actual investment in the Newmi Rural Domestic Sewage Treatment Project reached ¥419,822,820.53, with an investment of ¥412,416,306.71 during the reporting period[87] - The company has ongoing major non-equity investments, including the Zhengdong Water Phase II Project, with a cumulative actual investment of ¥337,368,571.26[87] Research and Development - The company has received over 70 patents and software copyrights, indicating a strong focus on research and development in wastewater treatment and resource utilization[45] - Research and development expenses amounted to ¥43,858,872.79, a 19.58% increase from the previous year, accounting for 2.52% of total revenue[68] - The company has established a high-level R&D platform and was recognized as a technology-based enterprise in Zhengzhou, promoting innovation across various business sectors[51] Environmental Compliance - The company has multiple wastewater treatment facilities with continuous discharge methods, ensuring compliance with local pollution discharge standards[186] - The total discharge of COD was 3,206.72 tons, with no exceedance of discharge standards[184] - COD (Chemical Oxygen Demand) recorded at 23.49 mg/L, with total annual discharge of 312.08 tons[190] - NH3-N (Ammonia Nitrogen) measured at 1.36 mg/L, with total annual discharge of 31.21 tons[190] - TN (Total Nitrogen) recorded at 8.28 mg/L, with total annual discharge of 93.63 tons[190] - TP (Total Phosphorus) measured at 0.24 mg/L, with total annual discharge of 3.1208 tons[190] Governance and Risk Management - The company has implemented a comprehensive reform plan under the "Double Hundred Action" initiative to enhance governance and operational efficiency[51] - The company has strengthened its risk management system by integrating risk management, internal audit, and internal control into a unified framework[51] - The company aims to enhance its governance structure to ensure effective operation and accountability, focusing on a modernized governance capability[120] - The company plans to enhance its internal control system to improve risk prevention and ensure project efficiency[124] - The company plans to enhance its governance structure and risk management systems to address the increasing complexity of managing diverse investment projects[125] Profit Distribution - The company has a profit distribution policy that mandates a minimum of 10% of after-tax profits to be allocated to statutory reserves, with a focus on cash dividends when conditions permit[133] - The board proposed a cash dividend of CNY 2.50 per 10 shares, totaling CNY 243,671,122.00, which represents 52.45% of the net profit attributable to ordinary shareholders[142] - The total distributable profit for 2019 was CNY 369,749,130.83, with the cash dividend accounting for 100% of the profit distribution[145] - The company has maintained a consistent cash dividend policy, with cash dividends of CNY 243,671,122.00 in both 2018 and 2019, reflecting a stable payout ratio[142] Market Strategy and Innovation - The company aims to expand its market strategy, focusing on comprehensive ecological services and sustainable development[41] - The company is focused on expanding its public facility services, with several subsidiaries engaged in this sector[98] - The company is committed to strengthening its innovation system, particularly in wastewater treatment and sludge resource utilization technologies[121] - The company intends to increase investment in strategic and innovative projects to enhance industry competitiveness and supply chain levels[121] - The company is responding to increasing user demands for personalized and digital heating solutions, indicating a shift in the heating industry towards more innovative approaches[112] Social Responsibility - The company has fulfilled its social responsibility as detailed in the 2019 Social Responsibility Report[183] - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[184] - The company has established emergency response plans for environmental incidents, filed with local environmental protection bureaus[192] - All water service companies have developed self-monitoring plans for environmental compliance, submitted to relevant authorities[192]

Financial Performance - Operating revenue for the reporting period was ¥362,047,067.32, representing a year-on-year increase of 51.57%[10] - Net profit attributable to shareholders was ¥85,280,658.61, a decrease of 9.05% compared to the same period last year[10] - Basic earnings per share for the reporting period was ¥0.09, a decrease of 10.00% compared to the same period last year[10] - Total operating revenue for the current period reached ¥362,047,067.32, a significant increase of 51.6% compared to ¥238,866,854.60 in the previous period[58] - Net profit for the current period was ¥85,412,845.93, a decrease of 9.1% from ¥94,168,679.28 in the previous period[61] - The total profit for the current period was ¥94,680,289.48, a slight decrease of 1.2% from ¥95,794,090.40 in the previous period[61] - Net profit for the current period was CNY 261,568,406.94, compared to CNY 271,363,234.15 in the previous period, indicating a decrease of approximately 3%[79] - Basic earnings per share for the current period was CNY 0.26, down from CNY 0.28 in the previous period[104] Cash Flow - The net cash flow from operating activities for the year-to-date reached ¥616,773,690.37, an increase of 161.27%[10] - Cash flow from operating activities increased significantly to 616,773,690.37, compared to 236,067,828.98 in the previous period, representing a growth of approximately 161.6%[119] - The company reported a cash inflow from sales of goods and services amounting to 1,175,895,161.77, up from 700,716,430.47, marking an increase of about 67.8%[119] - The net cash flow from operating activities was CNY 259,629,151.38, an increase from CNY 104,872,522.67 in the previous period, reflecting a significant improvement[128] Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,333,436,539.78, an increase of 13.72% compared to the end of the previous year[10] - Total liabilities increased to ¥4,164,156,873.75, up from ¥3,001,073,990.09, representing a growth of approximately 38.7%[44] - Non-current liabilities rose significantly to ¥2,739,875,474.54 from ¥1,190,012,319.76, marking an increase of about 130.0%[44] - Current liabilities decreased to ¥1,424,281,399.21 from ¥1,811,061,670.33, a reduction of approximately 21.4%[44] - Total assets reached ¥10,333,436,539.78, compared to ¥9,086,848,152.08, reflecting an increase of about 13.7%[47] - Total equity increased to ¥6,169,279,666.03 from ¥6,085,774,161.99, representing a growth of approximately 1.4%[47] - The total assets of the company stood at CNY 9,086,848,152.08, indicating stable asset growth[136] - The total liabilities amounted to CNY 2,309,022,594.32, showing a manageable level of debt relative to assets[139] Operating Costs and Expenses - Operating costs rose by 73.43% to ¥673,495,248.98, attributed to increased engineering costs[22] - Total operating costs amounted to ¥282,320,864.22, up 78.8% from ¥157,901,458.06 in the previous period[58] - Financial expenses surged by 334.81% to ¥58,589,986.63 due to interest expenses from medium-term notes and new bank loans[22] - Financial expenses surged to CNY 58,589,986.63 from CNY 13,474,865.60, marking a rise of over 335%[76] - The company reported a tax expense of ¥9,267,443.55, significantly higher than ¥1,625,411.12 in the previous period[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,412, with the largest shareholder holding 68.73%[14] - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[18] Government Support - The company received government subsidies amounting to ¥14,593,888.30 during the reporting period[10] - Deferred income increased by 69.18% to ¥254,611,311.71, due to government subsidies received by subsidiary Zhengdong Water[22] Research and Development - Research and development expenses increased to ¥9,205,289.11, compared to ¥8,568,730.51 in the previous period, reflecting a growth of 7.4%[58] - Research and development expenses were CNY 23,174,038.20, slightly up from CNY 22,871,340.09, reflecting a 1.3% increase[76] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[78]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 747,708,196.41, representing a 55.15% increase compared to CNY 481,936,858.99 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 171,440,327.76, a decrease of 3.00% from CNY 176,746,767.53 in the previous year[21]. - The total profit reached RMB 20,228,820.00, up 5.40% year-on-year, while net profit decreased by 0.59% to RMB 17,615,560.00[47]. - The company achieved an operating profit of ¥202,232,816.35 in the first half of 2019, compared to ¥196,349,296.37 in the same period of 2018, representing an increase of approximately 3.5%[183]. - The total profit for the first half of 2019 was approximately ¥167.14 million, a decrease from ¥193.60 million in the same period of 2018, reflecting a decline of about 13.66%[192]. - The net profit for the first half of 2019 was approximately ¥148.10 million, compared to ¥182.87 million in the previous year, indicating a decrease of around 19.00%[192]. Cash Flow and Investments - The net cash flow from operating activities increased by 92.30% to CNY 499,390,918.83, compared to CNY 259,699,810.00 in the same period last year[21]. - Cash inflow from operating activities for the first half of 2019 was approximately ¥1.06 billion, an increase from ¥655.75 million in the same period of 2018, showing a growth of about 61.47%[195]. - The company reported a significant increase in investment activities, with total investments amounting to RMB 545,447,052.78, a 416.44% increase year-on-year[56]. - Cash outflow from investment activities for the first half of 2019 was approximately ¥919.96 million, compared to ¥700.82 million in the same period of 2018, indicating an increase of about 31.27%[198]. - The company received approximately ¥1.03 billion in loans during the first half of 2019, compared to ¥300 million in the same period of 2018, reflecting a growth of about 243.33%[198]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,448,699,317.11, up 3.98% from CNY 9,086,848,152.08 at the end of the previous year[21]. - The company's fixed assets accounted for 31.23% of total assets, showing a decrease of 10.28% compared to the previous year[50]. - Total liabilities increased to CNY 3,353,983,528.71, up from CNY 3,001,073,990.09, representing a growth of approximately 11.7%[169]. - Current liabilities totaled CNY 1,698,066,220.14, a decrease from CNY 1,811,061,670.33, indicating a reduction of about 6.2%[169]. - Non-current liabilities rose to CNY 1,655,917,308.57 from CNY 1,190,012,319.76, reflecting an increase of approximately 39.1%[169]. Research and Development - Research and development expenses slightly decreased by 2.33% to RMB 13,968,749.09[47]. - The company plans to enhance its research and development efforts in areas such as energy conservation, wastewater treatment upgrades, and sludge disposal, aiming for breakthroughs in these fields[84]. Subsidiaries and Projects - The company has established over 30 subsidiaries across various cities, enhancing its operational capacity in wastewater treatment and environmental services[34]. - The company established a new subsidiary focused on kitchen waste treatment with an investment of RMB 20,000,000.00, holding a 100% stake[56]. - The company has ongoing projects in various stages, with some projects like the Minquan County Water Integration Project achieving 14.89% of planned progress[63]. Environmental Compliance - The company and its subsidiaries are classified as key pollutant discharge units by environmental protection authorities[112]. - The total COD emissions for Zhongyuan Environmental's subsidiaries amount to 1840.736 tons, with no exceedances reported[115]. - The company has implemented pollution prevention facilities, ensuring compliance with discharge standards[118]. Shareholder Information - The total number of shares for 中原环保股份有限公司 is 974,684,488, with 46.48% being limited shares and 53.52% being unrestricted shares[128]. - The report indicates no significant changes in shareholding structure or other major events during the reporting period[124]. - The company reported a participation rate of 73.64% in its annual shareholders' meeting, indicating strong investor engagement[88].

证券代码：000544 证券简称：中原环保 公告编号：2019-27 中原环保股份有限公司 关于举办 2019 年投资者网上集体接待日活动的公告 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 导性陈述或者重大遗漏。 中原环保股份有限公司（以下简称"公司"）按照河南上市 公司协会的统一安排，将于 2019 年 6 月 27 日下午 14:30-17:30 参加全景网举行 2019 年河南上市公司投资者网上集体接待日活 动，16:00-17:30 为网上交流时间，现将有关事项公告如下： 本次投资者网上集体接待日活动将采取网络远程的方式举 行，投资者可以登录"全景·路演天下"（http://rs.p5w.net） 参与沟通交流。 公司出席本次业绩说明会的人员有：董事会秘书、副总经理 郑玉民先生、财务总监杜其山先生。 欢迎广大投资者积极参与。 特此公告。 中原环保股份有限公司董事会 二○一九年六月二十一日 ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥312,590,676.44, representing a 21.26% increase compared to ¥257,787,611.10 in the same period last year[10] - The net profit attributable to shareholders for Q1 2019 was ¥61,758,888.09, up 17.69% from ¥52,476,556.42 in the previous year[10] - The basic earnings per share for Q1 2019 was ¥0.06, a 20.00% increase from ¥0.05 in the same period last year[10] - Net profit for the current period was ¥62,252,477.53, representing a 18.9% increase from ¥52,741,907.59 in the previous period[60] - The company reported a total profit of ¥73,798,134.15, up from ¥59,833,589.73 in the previous period, marking a growth of 23.4%[60] - Total comprehensive income amounted to ¥101,050,452.12, compared to ¥66,013,644.05 in the previous period, reflecting a significant increase[70] Cash Flow - The net cash flow from operating activities increased significantly by 106.88%, reaching ¥226,350,338.24 compared to ¥109,412,086.92 in Q1 2018[10] - Cash inflow from operating activities totaled ¥534,419,504.93, up from ¥352,967,728.51 year-over-year, indicating strong operational performance[74] - Cash outflow from investing activities was ¥472,588,866.75, down from ¥629,179,635.39, indicating a reduction in investment expenditures[77] - Net cash flow from financing activities was -¥101,871,490.15, a decline from ¥287,795,703.94 in the previous period, reflecting increased debt repayments[77] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,867,628,025.59, a decrease of 2.41% from ¥9,086,848,152.08 at the end of the previous year[10] - The total liabilities decreased from 3,001,073,990.09 to 2,669,275,138.94, representing a reduction of approximately 11%[43] - The total owner's equity increased from 6,085,774,161.99 to 6,198,352,886.65, reflecting a growth of about 1.85%[46] - The current liabilities decreased from 1,811,061,670.33 to 1,143,180,754.07, indicating a decline of approximately 37%[43] - Total current assets amounted to CNY 3,476,689,487.42 as of January 1, 2019[87] - Total liabilities reached CNY 3,001,073,990.09 as of January 1, 2019, unchanged[94] Shareholder Information - The company reported a total of 31,773 common shareholders at the end of the reporting period[13] - The largest shareholder, Zhengzhou Public Utilities Investment Development Group Co., Ltd., held 68.73% of the shares, amounting to 669,855,147 shares[13] Operational Efficiency - Accounts receivable decreased by 38.47% to ¥341,696,607.95 due to the collection of sewage treatment fees[21] - Inventory increased by 56.26% to ¥6,625,440.51 as a result of product additions in a subsidiary[21] - Cash and cash equivalents decreased from 797,718,892.81 to 350,171,173.55, a decline of approximately 56%[47] - The company received cash from sales of goods and services amounting to ¥507,937,045.01, compared to ¥328,206,341.61 in the previous period, indicating strong revenue growth[71] Financial Expenses - Financial expenses surged by 90.53% to ¥16,981,479.23 due to interest expenses from medium-term notes and new bank loans[21] - Financial expenses rose to ¥16,981,479.23, compared to ¥8,912,755.11 in the previous period, indicating a significant increase[57] Investment and Development - Research and development expenses surged to ¥6,646,656.97, a significant increase from ¥199,867.38 in the previous period[57] - The company recorded an asset impairment loss of ¥18,431,240.91, up from ¥14,189,825.58 in the previous period[57] Other Financial Metrics - The weighted average return on net assets was 1.01%, an increase of 0.15% compared to 0.86% in the previous year[10] - The unallocated profits increased from 680,002,613.50 to 741,761,501.59, reflecting an increase of approximately 9%[46] - The deferred income tax liabilities increased from 42,551,475.76 to 53,344,599.47, indicating an increase of about 25%[43]

Financial Performance - The company's operating revenue for 2018 was CNY 1,027,015,100.34, representing a 5.19% increase compared to CNY 976,302,141.02 in 2017[24] - The net profit attributable to shareholders for 2018 was CNY 414,322,454.71, an increase of 28.53% from CNY 322,353,535.83 in 2017[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 313,305,730.86, up 8.96% from CNY 287,550,785.74 in 2017[24] - The basic earnings per share for 2018 was CNY 0.43, a 30.30% increase from CNY 0.33 in 2017[24] - The diluted earnings per share for 2018 was also CNY 0.43, consistent with the basic earnings per share[27] - The company reported a total profit of CNY 566,599,523.68 for the year ending December 31, 2018, with a net profit of CNY 488,307,736.86 after statutory reserve allocation[161] Cash Flow - The net cash flow from operating activities decreased by 20.78% to CNY 281,040,481.47 from CNY 354,781,411.43 in 2017[24] - The net cash flow from operating activities was positive in the first, second, and fourth quarters, totaling ¥109,412,086.92, ¥150,287,723.08, and ¥44,972,652.49 respectively, but showed a negative cash flow of ¥-23,631,981.02 in the third quarter[30] - Operating cash inflow increased by 12.89% to ¥1,227,083,467.91, while operating cash outflow rose by 29.21% to ¥946,042,986.44[78] Assets and Investments - Total assets at the end of 2018 were CNY 9,086,848,152.08, a 34.40% increase from CNY 6,760,883,156.17 at the end of 2017[27] - The net assets attributable to shareholders at the end of 2018 were CNY 5,785,944,139.64, reflecting a 5.76% increase from CNY 5,470,999,734.33 at the end of 2017[27] - The company invested 36,680,000 yuan in R&D in 2018, forming four R&D teams with 113 personnel, and applied for 45 patents, achieving significant breakthroughs in key technologies[53] - The total investment amount for the reporting period reached ¥716,048,578.24, a significant increase of 710.98% compared to ¥88,294,440.48 in the previous year[83] Revenue Segmentation - The wastewater treatment segment generated 871,192,982.41 yuan, accounting for 84.83% of total revenue, with a year-on-year growth of 5.90%[58] - Total revenue from the top five customers amounted to ¥856,723,979.15, representing 83.42% of the annual total sales[69] - The largest customer, Zhengzhou Finance Bureau, contributed ¥683,564,475.81, accounting for 66.56% of total sales[69] Research and Development - The company has established a sludge treatment R&D team, focusing on the reduction, harmlessness, and resource utilization of sludge, aligning with national policy directions[47] - The company established four new high-quality R&D teams focusing on surface water treatment and industrial wastewater management[74] - The company has developed several patented technologies, including an intelligent phosphorus removal system and a remote control system for blowers, enhancing operational efficiency and market competitiveness[44] Strategic Initiatives - The company is actively expanding its business through project investments, equity investments, and mergers and acquisitions, aiming to enhance its comprehensive service capabilities in the ecological environment sector[41] - The company plans to continue its market strategy of "rooted in Central Plains, heading towards the world," focusing on high-quality development driven by innovation[56] - The company aims to enhance its brand influence and market share through strategic expansions and new project developments in the Henan market[132] Dividend Policy - The company proposed a cash dividend of CNY 2.50 per 10 shares, with no bonus shares issued[7] - The total distributable profit for 2018 is RMB 439,476,963.17, with the cash dividend accounting for 100% of the profit distribution[167] - The company has consistently maintained a cash dividend distribution policy over the past three years, ensuring stable returns to shareholders[158] Market Conditions - The wastewater treatment industry in China has seen significant growth, with the number of operational wastewater treatment plants reaching 4,063 and a treatment capacity of 17.8 million cubic meters per day as of June 2017[134] - The urban municipal wastewater treatment market is becoming saturated, but opportunities remain in upgrading old infrastructure and expanding services to rural areas[134] - Stricter environmental regulations present both opportunities and challenges, prompting the company to increase R&D investment and optimize technical processes[143] Corporate Governance - The company has committed to avoiding competition and ensuring independence from its controlling shareholder, Zhengzhou Public Utilities Investment Development Group, with commitments made in November 2016[168] - The company has not reported any non-operating fund occupation by its controlling shareholder or related parties during the reporting period[175] - The company has not engaged in any major litigation or arbitration matters during the reporting period[183]