成都市兴蓉投资股份有限公司 2014 年第三季度报告正文 证券代码：000598 证券简称：兴蓉投资 公告编号：2014-56 成都市兴蓉投资股份有限公司 2014 年第三季度报告正文 1 成都市兴蓉投资股份有限公司 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。 公司负责人杨光、主管会计工作负责人胥正楷及会计机构负责人(会计主管人员)董昱声明：保证季度 报告中财务报表的真实、准确、完整。 2 成都市兴蓉投资股份有限公司 2014 年第三季度报告正文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 12,050,494,790.60 | 10,402,980,12 ...

Financial Performance - The company's operating revenue for the reporting period was CNY 1,214,223,557.81, representing a 5.00% increase compared to CNY 1,156,405,978.26 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 3.37% to CNY 394,391,190.13 from CNY 408,133,408.01 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 380,911,048.03, down 5.32% from CNY 402,299,753.97 year-on-year[19]. - The net cash flow from operating activities increased by 8.37% to CNY 561,070,282.26 compared to CNY 517,723,617.36 in the previous year[19]. - The total assets at the end of the reporting period were CNY 10,546,660,355.10, a 1.38% increase from CNY 10,402,980,126.64 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 4.72% to CNY 7,090,971,975.97 from CNY 6,771,211,945.55 at the end of the previous year[19]. - The basic earnings per share decreased by 13.33% to CNY 0.13 from CNY 0.15 in the previous year[19]. - The diluted earnings per share also decreased by 13.33% to CNY 0.13 from CNY 0.15 year-on-year[19]. - The weighted average return on net assets was 5.68%, down from 7.57% in the previous year, a decrease of 1.89%[19]. Operational Highlights - The total sewage treatment volume and water supply volume continued to grow, contributing to stable operational performance[25]. - The first phase of the new sewage treatment plant began trial operation in June 2014, contributing to the company's revenue generation[25]. - The company signed a cooperation agreement with the government of Dujiangyan City to develop water assets, enhancing its market expansion strategy[26]. - The company plans to officially start construction of the Chengdu Wanxing Environmental Power Plant by the end of this year[25]. Financial Expenses and Investments - The financial expenses increased significantly by 738.33% to CNY 54,979,086.42, primarily due to increased foreign exchange losses from foreign currency borrowings[28]. - The company reported a decrease in R&D investment by 11.04% to CNY 1,949,544.47 compared to CNY 2,191,509.57 in the previous year[29]. - Total amount of raised funds is 1,770.32 million yuan, with 158.75 million yuan invested during the reporting period[37]. - Cumulative investment of raised funds reached 1,630.70 million yuan, representing 92.11% of the total commitment[39]. - The company has not changed the use of raised funds, with a cumulative change ratio of 0.00%[37]. Shareholder and Dividend Policies - The company has implemented a cash dividend policy, with no cash dividends or stock bonuses planned for the current half-year period[53]. - The company is focusing on enhancing the transparency of its dividend policy and maintaining a stable profit distribution strategy[50]. - The company has established a three-year shareholder return plan for 2014-2016 to ensure consistent returns to investors[50]. - The company has communicated with independent directors and shareholders regarding profit distribution policies and has taken steps to protect minority shareholders' rights[50]. Related Party Transactions - The total amount of related party transactions for the first half of 2014 was CNY 16,206,300, which accounted for 14.35% of similar transactions[68]. - The company had a payable to the controlling shareholder, Xirong Group, amounting to CNY 66,000,000, with no changes during the reporting period[71]. - Interest payable to Xirong Group decreased by CNY 1,656,910, resulting in a year-end balance of CNY 234,130[71]. - The company utilized CNY 750,000,000 from the "09 Xirong Bond" issued by Xirong Group, with CNY 330,000,000 repaid by the end of the reporting period[71]. Compliance and Regulatory Matters - The company faced an administrative penalty of RMB 90,000 due to non-compliance with pollution discharge regulations at the Longhua Wastewater Treatment Plant[94]. - The company is coordinating with the Shenzhen Water Bureau to rectify issues at the Longhua Wastewater Treatment Plant, with expected completion by the end of 2014[94]. - The company has received a notice from the China Securities Regulatory Commission regarding the acceptance of its administrative license application[92]. Market Expansion and Strategic Partnerships - The company is actively pursuing market expansion through strategic partnerships and acquisitions in the water and environmental sectors[87]. - The company has established a partnership with Hitachi Industrial in the fields of water and environmental protection, with specific project negotiations led by the company[92]. Asset Management and Financial Health - The company's total assets as of the end of the reporting period amounted to CNY 10,546,660,355.10, an increase from CNY 10,402,980,126.64 at the beginning of the period, reflecting a growth of approximately 1.38%[117]. - Current assets totaled CNY 2,155,005,365.56, up from CNY 2,081,157,476.53, indicating an increase of about 3.55%[116]. - The company's cash and cash equivalents decreased to CNY 1,400,082,480.79 from CNY 1,506,883,427.55, representing a decline of approximately 7.06%[116]. - Total liabilities decreased to CNY 3,425,133,319.31 from CNY 3,602,199,638.62, showing a reduction of about 4.91%[118]. - The company's equity attributable to shareholders increased to CNY 7,090,971,975.97 from CNY 6,771,211,945.55, reflecting a growth of approximately 4.71%[118]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the relevant accounting standards[162]. - The company’s accounting period runs from January 1 to December 31 each year[163]. - The company follows specific accounting treatments for mergers and acquisitions, recognizing goodwill when the acquisition cost exceeds the fair value of identifiable net assets[166]. - The company assesses the carrying value of financial assets at the balance sheet date and recognizes impairment losses if there is objective evidence of impairment[175].

Financial Performance - The company's operating revenue for Q1 2014 was ¥621,011,127.34, representing a 10.16% increase compared to ¥563,714,963.96 in the same period last year[8]. - The net profit attributable to shareholders decreased by 7.22% to ¥188,628,665.18 from ¥203,307,565.73 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥187,110,908.39, down 6.91% from ¥200,993,897.75 in the previous year[8]. - The basic earnings per share fell by 25% to ¥0.06 from ¥0.08 in the same period last year[8]. - The weighted average return on equity decreased to 2.75%, down 1.84% from 4.59% in the previous year[8]. - Total assets at the end of the reporting period were ¥10,335,455,442.09, a decrease of 0.65% from ¥10,402,980,126.64 at the end of the previous year[8]. - The net assets attributable to shareholders increased by 1.68% to ¥6,885,209,451.02 from ¥6,771,211,945.55 at the end of the previous year[8]. - The company reported a net cash flow from operating activities of ¥250,053,487.18, a slight increase of 0.18% compared to ¥249,599,538.31 in the same period last year[8]. Shareholder Information - The total number of shareholders at the end of the reporting period was 189,297[12]. - The largest shareholder, Chengdu Xingrong Group Co., Ltd., holds 42.05% of the shares, totaling 1,255,706,394 shares[12]. Asset and Investment Changes - Prepayments increased by 97.20% to ¥51,084,845.68 due to advance payments for engineering project equipment[17]. - Other receivables rose by 228.51% to ¥63,798,890.16, mainly from new bid guarantees and receivables from BOT water supply projects[17]. - Financial expenses surged by 1979.12% to ¥30,940,167.04, primarily due to exchange losses from yen loans[17]. - Asset impairment losses increased by 58.83% to ¥10,048,102.57, attributed to a higher increase in receivables compared to the previous year[17]. - Cash received from other investment activities rose by 31.66% to ¥18,361,914.42, mainly from increased bid guarantees[17]. - Cash paid for fixed assets and other long-term assets decreased by 33.40% to ¥270,322,534.23 due to reduced investment in construction projects[17]. - Cash paid for other investment activities increased by 430.53% to ¥50,197,818.50, mainly from higher bid guarantees and project deposits[17]. Corporate Governance and Compliance - The company plans to issue corporate bonds as approved in the board meeting on March 18, 2014[17]. - The company will ensure fair pricing in related transactions by referencing prices from independent third parties[21]. - The company has undertaken to comply with all relevant laws and regulations regarding the disclosure of related transactions[21]. - The company has committed to timely and accurate disclosure of significant information affecting investors[23]. - The company will bear full compensation responsibility for any losses incurred due to non-compliance during the establishment of the drainage company[22]. - The company has promised to maintain and manage the rainwater and sewage pipeline network in Chengdu, assuming full compensation for any resulting losses[22]. - The company will strictly adhere to the commitments made during its non-public issuance of shares[23]. - The company’s controlling shareholder will ensure that no illegal transfer of funds or profits occurs through related transactions[21]. - The company is committed to ensuring that the non-public issuance of shares will not lead to new competition or substantial impacts on related transactions[24]. - The controlling shareholder, Xingrong Group, has pledged to fully bear any economic losses incurred by the water supply company due to its guarantee responsibilities[24]. Strategic Partnerships and Future Plans - The company has entered into a strategic cooperation framework with Hitachi Industrial, focusing on water and environmental protection sectors[25]. - The company will act as the commercial negotiation entity for future cooperation projects with Hitachi, determining investment amounts and project details[25]. - The company is focused on expanding its investment strategy in urban wastewater treatment and related fields[25]. - The company is in the process of fulfilling long-term commitments made by its controlling shareholder, Xingrong Group[25]. Investor Relations and Communication - The company is preparing to release its 2013 annual report, which will include detailed performance metrics and financial data[30]. - The company has been addressing inquiries regarding the situation of its former secretary and has provided updates on previously announced content[30]. - There have been multiple communications with individual investors regarding the company's performance and suggestions to maintain stock prices[30]. - The company has not provided additional documentation during these communications, focusing instead on clarifying publicly available information[30]. - The company is expected to disclose its 2013 annual report soon, which will provide insights into its operational performance[30]. - Discussions have included inquiries about the company's restricted stockholders and the status of stock unlock events[32]. - The company has received suggestions from investors regarding potential name changes and other strategic initiatives[32]. - The company has been actively engaging with investors to address their concerns and maintain transparency[30]. - The company is focused on ensuring that all communications align with previously announced information to avoid misinformation[30]. - The company is preparing for its second extraordinary general meeting, with ongoing discussions about its agenda and implications for shareholders[30].

Financial Performance - The company achieved operating revenue of CNY 2,416,650,031.01 in 2013, representing a year-on-year increase of 12.31%[21]. - Net profit attributable to shareholders was CNY 745,518,506.74, up 2.71% from the previous year[21]. - The company’s total assets increased by 24.65% to CNY 10,402,980,126.64 by the end of 2013[21]. - The net assets attributable to shareholders rose by 56.38% to CNY 6,771,211,945.55[21]. - The company’s operating profit was CNY 8.67 billion, reflecting a 3.91% increase from the previous year[30]. - The basic earnings per share decreased by 10.34% to CNY 0.26[21]. - The company reported a net profit of CNY 442,555,943.52 for 2013, with a proposed cash dividend of CNY 0.25 per share, totaling CNY 74,655,465.05[83]. - The cash dividend for 2013 represents 10.01% of the net profit attributable to shareholders, which was CNY 745,518,506.74[84]. - The company has maintained a consistent cash dividend policy, with the cash dividend amounting to CNY 74,655,465.05 for both 2012 and 2013[84]. Operational Highlights - The company processed a total of 5.82 million tons of water, a 5.71% increase compared to the previous year, with a water quality compliance rate of 99.996%[27]. - The sewage treatment volume reached 5.72 million tons, marking a 16.70% increase year-on-year, with a revenue of CNY 7.78 billion, up 9.84%[27]. - The company expanded its service areas to include cities such as Xi'an, Lanzhou, Yinchuan, Shenzhen, Hainan, and Bazhong in Sichuan, with a total water supply capacity exceeding 5 million tons per day[32]. - The company plans to expand its water supply and sewage treatment projects, including the completion of several key facilities[28]. - The company achieved a significant increase in financing cash flow, which rose by 253.47% to ¥675,988,065.29, primarily due to fundraising from a rights issue[31]. Strategic Initiatives - Future plans include enhancing operational efficiency and exploring new market opportunities, although these do not constitute a commitment to investors[5]. - The company aims to expand its market presence through strategic acquisitions and partnerships in the environmental services sector[12]. - The company is actively engaged in research and development of new technologies related to water treatment and recycling[12]. - The company is focusing on integrating its water supply and environmental services to enhance its competitive edge in the market[72]. - The company is committed to improving its governance and management systems to enhance operational efficiency[72]. Market and Growth Outlook - The environmental services market is projected to grow significantly, with national investments in the environmental industry expected to reach CNY 3.4 trillion during the 12th Five-Year Plan[70]. - The company anticipates significant growth opportunities in the water and environmental sectors due to ongoing urbanization and regulatory reforms[71]. - The company expects a significant increase in wastewater treatment volume in 2014, driven by its capacity and the construction of drainage networks in service areas[73]. - The company anticipates stable growth in water supply sales for 2014, based on a thorough analysis of service areas and user classifications[73]. - The company plans to optimize its capital structure and reduce financial costs through a combination of direct and indirect financing methods for project funding in 2014[74]. Governance and Compliance - The company is committed to maintaining transparency and accuracy in its financial reporting, as stated by its management team[5]. - The company has established a system for insider information registrants and related confidentiality agreements to prevent insider trading[166]. - The company has not been involved in any major social safety issues or received administrative penalties during the reporting period[88]. - The company has not provided any external guarantees excluding those for subsidiaries[107]. - The company has established an independent financial department with a standardized financial accounting system and independent bank accounts[178]. Related Party Transactions - The total amount of related party transactions for the year was 6,506.88 million yuan, with significant transactions including the purchase of goods and services[101]. - The company has no significant reliance on related parties for its main business operations, ensuring independence in its financial status[101]. - Related party transactions are primarily for daily operational needs, with minimal impact on the company's financial condition[101]. - The company continues to engage in related party transactions as part of its normal business operations, which are expected to persist[101]. Shareholder Engagement - The company has conducted multiple communications with individual investors regarding share distribution and project inquiries throughout early 2013[89]. - The company has engaged with various institutional investors and media regarding its operations and future outlook[89]. - The company plans to continue its focus on shareholder returns and maintaining a strong financial position moving forward[87]. - The company held its annual shareholders' meeting in April 2013 to discuss various resolutions[121]. Human Resources and Management - The total number of employees at the end of the reporting period was 3,415, with 57 in the parent company and 3,358 in subsidiaries[160]. - The total remuneration for directors, supervisors, and senior management during the reporting period was 382.55 million CNY, with the highest individual remuneration being 47.81 million CNY for two vice presidents[157][156]. - The company emphasized a performance-based salary policy, linking employee compensation to individual performance and contributions[161]. - In 2013, the company conducted various training programs covering management, technical skills, and operational training for employees[162]. Audit and Financial Controls - The company received a standard unqualified audit opinion from the auditing firm, confirming that the financial statements fairly represent the company's financial position[193]. - The company maintained effective internal financial controls with no significant deficiencies reported in the internal control evaluation[186]. - The Audit Committee conducted 5 meetings, effectively communicating and supervising internal and external audits, ensuring the independence of the audit process[173]. - The company has been continuously improving its internal control system to enhance management efficiency and risk prevention capabilities[181].