成都市兴蓉环境股份有限公司 2019 年年度报告全文 成都市兴蓉环境股份有限公司 2019 年年度报告 2020 年 04 月 1 成都市兴蓉环境股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人李本文、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)范峒彤声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 易永发 独立董事 疫情管控 王运陈 公司本年度报告中涉及的未来计划不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 公司已在本报告第四节经营情况讨论与分析中公司未来发展的展望部分， 对公司发展战略、可能面临的风险及应对措施进行详细描述，敬请广大投资者 留意查询，并理解计划、预测与承诺之间的差异。 公司经本次董事会审议通过的利润分配预案为：以 2,968,576,321 为基数， 向全 ...

成都市兴蓉环境股份有限公司 2019 年第三季度报告全文 成都市兴蓉环境股份有限公司 2019 年第三季度报告 2019 年 10 月 1 成都市兴蓉环境股份有限公司 2019 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。 公司负责人李本文、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)范峒彤声明：保证季度报告中财务报表的真实、准确、完整。 2 成都市兴蓉环境股份有限公司 2019 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------------|-------------------|-------- ...

Financial Performance - The company's operating revenue for the reporting period was ¥2,113,641,699.43, representing a 9.91% increase compared to the same period last year[18]. - The net profit attributable to shareholders was ¥595,067,907.55, reflecting a 12.01% increase year-on-year[18]. - The net cash flow from operating activities was ¥823,735,074.49, which is a 10.60% increase compared to the previous year[18]. - Total assets at the end of the reporting period amounted to ¥22,741,881,261.74, an increase of 8.70% from the end of the previous year[18]. - The company achieved a revenue of RMB 2.114 billion in the first half of 2019, representing a year-on-year growth of 9.91%[35]. - The total profit for the period was RMB 716 million, an increase of 11.76% compared to the previous year[35]. - The net profit attributable to the parent company reached RMB 595 million, growing by 12.01% year-on-year[35]. - The total revenue from the Chengdu Water Supply Company was RMB 956.44 million, with a net profit of RMB 333.20 million, contributing significantly to the overall performance[57]. - The company reported a total revenue of 9,655.07 million RMB for the period, with a significant increase of 42.65% compared to the previous period[78]. Investments and Projects - The company has made significant investments in engineering projects, with ongoing expansions in water and environmental services[28]. - The total investment in the Chengdu Water Supply Project reached RMB 117.06 million, with a cumulative actual investment of RMB 702.40 million, achieving a progress rate of 32.13%[51]. - The second phase of the Chengdu Wanjing Environmental Power Plant project had an investment of RMB 60.82 million, with a cumulative actual investment of RMB 191.00 million, reflecting a progress rate of 9.13%[51]. - The company is focusing on investment in water treatment projects, which aligns with its core business strategy[120]. - The company is exploring strategic partnerships and potential acquisitions to bolster its market position and service capabilities[76]. Environmental Management - The report outlines the company's commitment to environmental management and sustainable practices in its operations[13]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[96]. - The total COD emissions from the company's wastewater treatment plants amount to 16,642.5 tons per year, with no exceedance of discharge standards[97]. - The company has implemented continuous monitoring for pollutants such as SO2 and NOX, with emissions reported at 10.8 tons and 163.9 tons per year respectively, both within compliance[97]. - The company has established a robust environmental management system to ensure adherence to pollution control standards[96]. Corporate Governance and Compliance - The financial report ensures the accuracy and completeness of the financial data presented, with key personnel affirming their responsibility for the report's integrity[4]. - The board of directors and management have confirmed the authenticity of the financial report, ensuring accountability for any misleading statements[4]. - The company plans to strengthen corporate governance and internal controls, enhance operational management systems, and improve organizational efficiency[60]. - The company has not engaged in any securities or derivative investments during the reporting period, maintaining a conservative investment strategy[53][54]. - The company has not experienced any major litigation or arbitration matters during the reporting period[70]. Market Strategy and Competition - The company continues to focus on expanding its market presence and enhancing its service offerings in the environmental sector[13]. - The company is facing intense competition in the water and environmental protection market, influenced by macroeconomic policies and market dynamics[59]. - The company aims to leverage its regional advantages in Chengdu and the rapid economic growth in the western region to expand its water and environmental projects[59]. - The company is actively involved in the design and engineering service sectors, contributing to its overall revenue[75]. Shareholder and Financial Activities - Chengdu Xingrong Environment Co., Ltd. reported no cash dividends, stock bonuses, or capital reserve transfers for the current period[6]. - The company plans to repurchase up to 100 million shares, representing 3.35% of the total share capital, with a budget between RMB 172.5 million and RMB 450 million[122]. - As of the latest update, the company has repurchased a total of 17,642,281 shares, accounting for 0.59% of the total share capital, with a total expenditure of RMB 78,144,243.92[123]. - The company has not issued any new shares or conducted any stock splits during the reporting period[121]. - The total number of shares remains at 2,986,218,602, with 100% being unrestricted shares[121]. Research and Development - The company has obtained 29 independent patents during the reporting period, with several patent applications accepted[32]. - Research and development expenses rose significantly by 52.70% to ¥886,887.96, primarily due to increased spending by the subsidiary water supply company[42]. - The company aims to enhance its independent innovation capabilities and operational efficiency through continuous industry collaboration and advanced management practices[62]. Financial Position and Ratios - The company's current ratio improved to 87.08% from 66.46%, an increase of 20.62% compared to the end of the previous year[148]. - The debt-to-asset ratio increased to 49.31% from 46.69%, reflecting a 2.62% rise year-over-year[148]. - The company's total equity reached CNY 7,710,419,600.68, an increase from CNY 7,315,782,873.82, showing a growth of 5.4%[167]. - The total assets at the end of the reporting period amounted to CNY 7,710,419,000, with a significant increase compared to the previous period[195]. Social Responsibility - The company provided RMB 350,500 for poverty alleviation initiatives in the first half of 2019[109]. - The company has implemented a poverty alleviation plan by sending key employees to assist in impoverished villages[107]. - The company has been recognized for its contributions to social responsibility and environmental protection[108].

成都市兴蓉环境股份有限公司 2019 年第一季度报告全文 成都市兴蓉环境股份有限公司 2019 年第一季度报告 2019 年 04 月 1 成都市兴蓉环境股份有限公司 2019 年第一季度报告全文 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。 公司负责人李本文、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)范峒彤声明：保证季度报告中财务报表的真实、准确、完整。 2 成都市兴蓉环境股份有限公司 2019 年第一季度报告全文 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|-------------------|-------------- ...

成都市兴蓉环境股份有限公司 2018 年年度报告全文 成都市兴蓉环境股份有限公司 2018 年年度报告 2019 年 03 月 1 成都市兴蓉环境股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人李本文、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)范峒彤声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | --- | --- | --- | --- | |--------------------|--------------------|--------------------|--------------| | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | 李本文 | 董事长 | 工作原因 | 杨磊 | | 易永发 | 独立董事 | 身体原因 | 冯渊 | 公司本年度报告中涉及的未来计划不构成公司对投资者的实质 ...

Financial Performance - Total assets increased by 3.06% to CNY 19,329,047,872.20 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 6.42% to CNY 10,305,623,088.16[8] - Operating revenue for the current period was CNY 1,083,782,127.18, a 10.06% increase year-on-year[8] - Net profit attributable to shareholders was CNY 318,206,629.79, reflecting a 9.46% increase compared to the same period last year[8] - Basic earnings per share rose by 4.50% to CNY 0.1045[8] - Cash flow from operating activities for the year-to-date increased by 33.25% to CNY 1,387,525,995.16[8] - The weighted average return on equity was 3.13%, an increase of 0.06% from the previous year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 151,012[12] - The largest shareholder, Chengdu Environmental Investment Group Co., Ltd., holds 42.10% of the shares[12] Asset Management - Cash and cash equivalents decreased by 31.74% to RMB 1,640,245,575.69 due to increased fixed asset investments[16] - Prepayments increased by 122.34% to RMB 42,291,512.08, mainly due to new equipment contract prepayments by a subsidiary[16] - Inventory rose by 30.37% to RMB 471,093,417.85, attributed to increased construction costs recognized by subsidiaries[16] - Financial expenses increased by 59.13% to RMB 66,024,222.06, primarily due to interest expenses from projects transitioning to fixed assets[17] - Asset impairment losses increased by 64.08% to RMB 40,411,761.18, driven by increased receivables and changes in aging structure[17] Tax and Investment - Tax refunds received increased by 137.46% to RMB 70,201,528.82, reflecting higher VAT refunds due to increased business volume[18] - Cash paid for fixed assets rose by 130.28% to RMB 1,607,761,282.39, due to increased payments for ongoing projects[18] - The company received RMB 68,600,000.00 in new investments, a 1300.00% increase, from minority shareholders[18] Strategic Initiatives - The company is in the process of acquiring assets from Chengdu Water Supply Company, with 30% of the payment already made[19] - The company’s minority shareholder equity increased by 30.54% to RMB 652,945,311.86 due to new investments in subsidiaries[17] - Chengdu Xingrong Environment Co., Ltd. reported a significant increase in revenue for Q3 2018, reaching RMB 1.2 billion, representing a year-on-year growth of 15%[21] - The company achieved a net profit of RMB 300 million in Q3 2018, up 20% compared to the same period last year[21] - User data indicates that the company has expanded its customer base by 10%, now serving over 1 million users[21] - The company plans to invest RMB 500 million in new product development and technology research in the upcoming year[21] - Chengdu Xingrong Environment is targeting a market expansion strategy that aims to increase its market share by 5% in the next fiscal year[21] - The company has completed a major asset restructuring, which is expected to enhance operational efficiency and reduce costs by approximately 8%[22] - A new water supply project in Guang'an City is projected to generate an additional RMB 100 million in annual revenue once operational[21] Compliance and Governance - The company has committed to reducing related party transactions by 30% to ensure compliance and transparency[23] - Chengdu Xingrong Environment is actively pursuing mergers and acquisitions to diversify its service offerings and enhance competitive advantage[24] - The company has set a performance guidance for the next quarter, expecting a revenue increase of 12% and a net profit growth of 15%[21] - The company reported a commitment to fulfill its obligations regarding the establishment of the drainage company, ensuring compliance with relevant regulations since September 2009[25] - The company has undertaken to compensate any losses incurred by the drainage company due to unfulfilled debt transfer procedures, with a commitment made in November 2008[26] - The company has pledged to maintain and manage the urban drainage network in Chengdu, assuming full compensation responsibilities for any losses caused, as per the commitment made in December 2009[27] - The company has committed to adhere strictly to the laws and regulations regarding the issuance of new shares, ensuring accurate and timely disclosures since April 2011[28] - The company has assured that its non-public share issuance will not lead to new competition or significant impacts on its related transactions, as stated in October 2010[28] - The company plans to transfer 100% equity of its water supply company to Xirong Investment due to existing external guarantee issues, ensuring no financial loss will occur to the water supply company[29] - Xirong Group has committed to fully bear any economic losses arising from the water supply company's obligations to Chengdu Urban Gas Co., Ltd. related to French government loan guarantees[29] - The company has confirmed that its commitments to minority shareholders are being fulfilled on time, with ongoing long-term commitments still in process[30] Financial Integrity - There are no significant changes expected in the cumulative net profit for the year compared to the previous year, indicating stability in financial performance[31] - The company has not engaged in any securities investments during the reporting period, maintaining a conservative investment strategy[32] - There are no instances of entrusted financial management or derivative investments reported during the period, reflecting a focus on core operations[33] - The company conducted two on-site investigations with institutions in September 2018, with details published on the Shenzhen Stock Exchange investor interaction platform[34] - There are no violations of external guarantees reported during the period, indicating compliance with regulatory requirements[35] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[36]

Financial Position - Total assets as of June 30, 2018, amounted to RMB 19,030,803,009.03, an increase from RMB 18,754,656,118.48 at the beginning of the period, reflecting a growth of approximately 1.47%[4] - Current assets decreased to RMB 3,531,137,025.03 from RMB 3,765,814,023.66, representing a decline of about 6.21%[4] - Total liabilities decreased to RMB 8,395,938,195.25 from RMB 8,570,466,078.58, a decline of approximately 2.03%[6] - Total equity increased to RMB 10,634,864,813.78 from RMB 10,184,190,039.90, reflecting an increase of about 4.41%[6] - The company’s total non-current assets reached RMB 9,882,521,262.72, an increase from RMB 9,546,074,881.16[10] - The total equity attributable to shareholders of the parent company at the end of the period was 10,634,864,813.78 RMB, reflecting an increase from the previous period[20] - The total equity attributable to the parent company's shareholders at the end of the period is RMB 10,184,190,039.90, an increase from the previous period's RMB 9,152,913,176.46, reflecting a growth of approximately 11.25%[22] Revenue and Profitability - Total operating revenue for the first half of 2018 reached RMB 1,923,505,745.70, an increase of 10.5% compared to RMB 1,740,141,783.66 in the same period last year[12] - Net profit attributable to shareholders of the parent company was RMB 531,256,751.97, up 17.1% from RMB 453,609,101.23 in the previous year[12] - The company reported a gross profit margin of approximately 30.9% for the first half of 2018, compared to 29.0% in the same period last year[12] - Basic earnings per share for the first half of 2018 were RMB 0.18, up from RMB 0.15 in the previous year[12] - The comprehensive income for the period was 544,814,600.57 RMB, indicating a strong performance compared to the previous period[20] - The comprehensive income for the current period amounts to RMB 916,138,801.21, which includes a net profit of RMB 895,746,910.67[22] Cash Flow - The cash flow from operating activities increased to RMB 744,814,256.92, up 13.3% from RMB 657,443,152.45 in the previous period[16] - The total cash inflow from operating activities is RMB 2,491,285,488.61, compared to RMB 2,169,292,879.19 in the previous period[16] - The cash outflow for investing activities was RMB 854,422,864.22, an increase from RMB 722,227,852.84 in the previous period[16] - The net cash flow from financing activities was negative RMB 350,425,807.50, compared to negative RMB 54,003,466.10 in the previous period[16] - The company reported a cash and cash equivalents balance of RMB 1,931,667,315.94 at the end of the period, compared to RMB 1,605,141,250.06 at the end of the previous period[16] Assets and Liabilities - Cash and cash equivalents decreased from RMB 2,402,966,254.12 to RMB 1,980,426,909.11, a reduction of approximately 17.55%[4] - Short-term borrowings decreased to RMB 930,000,000.00 from RMB 1,038,000,000.00, a decrease of about 10.4%[6] - Long-term borrowings decreased slightly to RMB 921,661,990.78 from RMB 962,019,897.53, a decrease of approximately 4.2%[6] - The company incurred an asset impairment loss of RMB 2,010,500.85, compared to a gain of RMB 402,173.75 in the previous period[14] - The total amount of shareholder contributions in the current period is RMB 289,358,818.70, indicating new capital inflow[22] Receivables and Provisions - Accounts receivable at the end of the period totaled CNY 1,037,318,056.89, with a bad debt provision of CNY 258,595,585.98, representing 24.9% of the total accounts receivable[112] - The company recognized a bad debt provision of CNY 43,452,920.02 during the current period[115] - The company reported a significant increase in the provision for bad debts for accounts aged over 5 years, totaling CNY 115,730,247.41, with a 100% provision rate[112] - The total amount of other receivables at the end of the period was CNY 162,923,953.80, an increase from CNY 92,857,668.03 at the beginning of the period, representing a growth of approximately 75%[130] Investments and Projects - The company plans to terminate the Lahore waste-to-energy project in Pakistan, indicating a strategic shift in operations[126] - The total amount of major construction projects at the end of the period is CNY 2,292,745,331.95, a decrease from CNY 2,434,807,732.77 at the beginning of the period, representing a reduction of approximately 6%[148] - The significant increase in the construction of the Ba Zhong Xing Rong Second Sewage Treatment Plant, with a beginning balance of CNY 212,975,490.45 and an increase of CNY 15,527,595.95, resulting in a total of CNY 228,503,086.40[149] - The completion of the Pengzhou Longfeng Environmental Power Plant project, which increased from CNY 532,681,865.24 to CNY 698,611,302.75, reflecting a growth of approximately 31%[150] Taxation - The corporate income tax rate for Chengdu Xingrong Environment Co., Ltd. is set at 25.00%[101] - Chengdu Xingrong Environment Co., Ltd. and its subsidiaries enjoy a 50.00% VAT refund policy on the sale of recycled water[102] - The company has received tax incentives under the Western Development Policy, allowing a reduced income tax rate of 15.00% for certain subsidiaries[105] - The effective tax rate for environmental protection projects for several subsidiaries is 12.50% or lower due to tax incentives[106] Accounting Policies - The accounting policies are based on the accrual basis, ensuring accurate financial reporting and compliance with accounting standards[32] - The company’s financial statements are prepared in accordance with the relevant accounting standards, ensuring transparency and reliability[33] - The company has not experienced any significant changes in accounting policies during the reporting period[98]

Financial Performance - The company achieved operating revenue of ¥3,731,338,949.08 in 2017, representing a 22.01% increase compared to ¥3,058,335,516.11 in 2016[16]. - Net profit attributable to shareholders was ¥895,746,910.67, a 2.46% increase from ¥874,215,099.78 in the previous year[16]. - The net cash flow from operating activities reached ¥1,657,270,342.44, up 16.72% from ¥1,419,929,054.67 in 2016[16]. - The total assets of the company increased by 10.85% to ¥18,754,656,118.48 at the end of 2017, compared to ¥16,919,335,653.64 at the end of 2016[16]. - The company reported a basic earnings per share of ¥0.30, reflecting a 3.45% increase from ¥0.29 in 2016[16]. - The company’s total net assets increased by 8.08% to ¥9,684,011,081.77 at the end of 2017, compared to ¥8,959,844,927.57 at the end of 2016[16]. - The total operating revenue for 2017 reached ¥3,731,338,949.08, representing a year-on-year increase of 22.01% compared to ¥3,058,335,516.11 in 2016[53]. - The water supply segment generated ¥2,187,857,492.39, accounting for 58.63% of total revenue, with a growth of 14.15% from the previous year[53]. - The environmental protection segment saw a significant increase of 108.75%, with revenue of ¥389,561,977.09, up from ¥186,620,030.55 in 2016[53]. - The total revenue from the sewage treatment services segment was ¥1,091,973,852.90, reflecting a growth of 19.34% year-on-year[53]. Dividend Policy - The company plans to distribute a cash dividend of 0.78 CNY per 10 shares based on a total share capital of 2,986,218,602 shares as of the end of 2017[4]. - In 2017, the cash dividend represented 26.00% of the net profit attributable to shareholders, which was 895,746,910.67 yuan[102]. - The cash dividends for the previous two years were 0.585 yuan per 10 shares in 2016, totaling 174,693,788.22 yuan, and 0.415 yuan per 10 shares in 2015, totaling 123,928,071.99 yuan[100][102]. - The cash dividend payout ratio for 2017 was 100% of the total distributable profit[103]. - The company has a clear and compliant cash dividend policy, ensuring the protection of minority shareholders' rights[100]. Operational Highlights - The company processed a total of 76,968,000 tons of water and treated 90,751,000 tons of wastewater during the reporting period[27]. - The company has a project scale of over 600,000 tons/day for water supply and wastewater treatment, serving over 30 million people[30]. - The company has established a comprehensive financial control system, leading to a stable cash flow and strong profitability[33]. - The company has developed over 30 technological innovations and 300 technical reforms, collaborating with prestigious institutions like Tsinghua University[35]. - The company is actively expanding its market presence, with projects in various regions including the PPP project in Wenjiang District and the Tianfu International Airport water supply project[41]. Research and Development - Research and development investment increased significantly to CNY 10,760,152.41, a 469.65% increase compared to CNY 1,888,921.76 in 2016[67]. - The company achieved a total of 12 patents and 1 software copyright in 2017, with multiple patent applications accepted[48]. - The company is investing 50 million yuan in research and development to innovate sustainable environmental solutions over the next two years[200]. Market Expansion and Strategy - The company plans to expand its operations both domestically and internationally, enhancing its resource layout[26]. - The company aims to achieve a market share increase by actively participating in water and environmental projects in Chengdu and surrounding areas, targeting project integration in areas like Shuangliu and Chongzhou[88]. - The company plans to expand its overseas business, particularly in countries along the Belt and Road Initiative, aiming to secure projects in Pakistan and other regions[88]. - The company is actively expanding its domestic and international water and environmental markets, focusing on multiple financing channels, including issuing green bonds[89]. Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit by environmental protection authorities[155]. - The total COD discharge was 716.02 tons per year, with no exceedance of the discharge standards[155]. - The company’s wastewater treatment plants consistently met the Class A standards for COD and ammonia nitrogen, ensuring environmental compliance[156]. - The overall performance in pollutant discharge indicates a commitment to environmental sustainability and regulatory adherence[156]. - The company plans to invest in new technologies to further reduce pollutant emissions and improve overall environmental performance[156]. Corporate Governance - The company emphasizes that future plans mentioned in the report do not constitute a substantive commitment to investors, highlighting the importance of understanding the difference between plans, forecasts, and commitments[4]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the dividend distribution[100]. - The company has maintained a consistent dividend distribution strategy over the past three years, reflecting its commitment to returning value to shareholders[102]. - The company is enhancing its internal governance and decision-making mechanisms to improve overall management efficiency[91]. Shareholder Information - Chengdu Xingrong Environment Co., Ltd. reported a total share count of 2,986,218,602, with 100% being unrestricted shares[177]. - The company has a major shareholder, Chengdu Xingrong Group Co., Ltd., holding 42.10% of shares, totaling 1,257,106,394 shares[179]. - The number of shareholders increased to 164,048 by the end of the reporting period, up from 161,291 at the previous month-end[179]. - The actual controller of the company is the Chengdu State-owned Assets Supervision and Administration Commission, which oversees the management of state-owned assets[183].

成都市兴蓉环境股份有限公司 2018 年第一季度报告正文 证券代码：000598 证券简称：兴蓉环境 公告编号：2018-13 成都市兴蓉环境股份有限公司 2018 年第一季度报告正文 1 成都市兴蓉环境股份有限公司 2018 年第一季度报告正文 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。 公司负责人李本文、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)范峒彤声明：保证季度报告中财务报表的真实、准确、完整。 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 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 895,193,780.65 | 781,635,794.02 | | 14.53% | | 归属于上市公司股东的净利润（元） | 230,912,929.55 | 200,595,253.75 | | 15.1 ...

Financial Performance - The company achieved operating revenue of ¥3,731,338,949.08 in 2017, representing a 22.01% increase compared to ¥3,058,335,516.11 in 2016[16]. - Net profit attributable to shareholders was ¥895,746,910.67, a 2.46% increase from ¥874,215,099.78 in the previous year[16]. - The net cash flow from operating activities reached ¥1,657,270,342.44, marking a 16.72% increase from ¥1,419,929,054.67 in 2016[16]. - The total assets of the company at the end of 2017 were ¥18,754,656,118.48, an increase of 10.85% from ¥16,919,335,653.64 at the end of 2016[16]. - The company reported a basic earnings per share of ¥0.30, up 3.45% from ¥0.29 in 2016[16]. - The company’s total net assets increased by 8.08% to ¥9,684,011,081.77 at the end of 2017[16]. - The total operating revenue for 2017 reached ¥3,731,338,949.08, representing a year-on-year increase of 22.01% compared to ¥3,058,335,516.11 in 2016[53]. - The water supply segment generated ¥2,187,857,492.39, accounting for 58.63% of total revenue, with a growth of 14.15% from the previous year[53]. - The environmental protection segment saw a significant increase in revenue, rising by 108.75% to ¥389,561,977.09, up from ¥186,620,030.55 in 2016[53]. - The company reported a total revenue of 12,444 million CNY for the year 2017, with a significant increase of 44.55% compared to the previous year[129]. Dividend Policy - The company plans to distribute a cash dividend of 0.78 CNY per 10 shares based on a total share capital of 2,986,218,602 shares as of the end of 2017[4]. - The company proposed a cash dividend of 0.78 yuan per 10 shares for 2017, totaling 232,925,050.96 yuan, which represents 26.00% of the net profit attributable to shareholders[100]. - In 2016, the cash dividend was 0.585 yuan per 10 shares, amounting to 174,693,788.22 yuan, which was 19.98% of the net profit attributable to shareholders[101]. - For 2015, the cash dividend was 0.415 yuan per 10 shares, totaling 123,928,071.99 yuan, representing 15.03% of the net profit attributable to shareholders[101]. - The cash dividend accounted for 100% of the total profit distribution in 2017[101]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions[99]. Operational Highlights - The company processed a total of 76,968,000 tons of water and treated 90,751,000 tons of wastewater during the reporting period[27]. - The company has a project scale of over 600,000 tons/day for water supply and wastewater treatment, serving over 30 million people[30]. - The company is focused on enhancing its operational capabilities, with key projects progressing smoothly, including the completion of the second phase of the Water Seven Plant, expected to increase water supply capacity by 500,000 tons per day[42]. - The company has developed over 30 technological innovations and 300 technical reforms in recent years, enhancing its competitive edge[35]. - The company is actively expanding its market presence, with projects in multiple provinces and international markets, including a waste-to-energy project in Pakistan[32][41]. Research and Development - Research and development (R&D) investment increased significantly to CNY 10,760,152.41, a 469.65% increase compared to CNY 1,888,921.76 in 2016[67]. - The company is focusing on developing new technologies and smart water management solutions to improve operational efficiency and service quality[88]. - Chengdu Xingrong plans to invest CNY 500 million in new product development and technology research in the next fiscal year[190]. - Chengdu Xingrong plans to invest 200 million yuan in new product development and technology research in the upcoming fiscal year[200]. Market Expansion and Strategy - The company plans to expand its operations both domestically and internationally, enhancing its resource layout[26]. - The company aims to enhance its market presence by actively participating in water and environmental projects in Chengdu and expanding its operations internationally, particularly in countries along the Belt and Road Initiative[88]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and operational capabilities[190]. - The company is committed to expanding its service capabilities to meet the growing expectations for environmental quality and efficiency, driven by new policies and market needs[86]. - The company is facing increased competition in the water and environmental protection market due to ongoing supply-side reforms and market entry by more social capital[91]. Financial Management - The company has established a comprehensive financial management system, leading to a strong cash flow and profitability[33]. - The company’s total cash and cash equivalents increased by CNY 695,696,941.36, a 188.99% rise compared to a decrease of CNY 781,611,919.61 in 2016[70]. - The company’s financing cash inflow decreased by 37.08% to CNY 1,612,099,800.00, reflecting a lower issuance of bonds and short-term financing compared to the previous year[70]. - The company is exploring diverse financing channels, including issuing green bonds, to support its development initiatives[89]. Corporate Governance - The company has maintained a consistent leadership structure with no shareholding changes among its executives[180]. - The current chairman, Li Benwen, has held the position since April 6, 2017, with a term ending on April 5, 2020[179]. - The company has appointed new board members and supervisors as part of its governance structure since April 6, 2017[181]. - The company has not reported any significant changes in its operational strategy or market expansion plans during the reporting period[182]. Compliance and Commitments - The company has committed to fulfilling long-term commitments to minority shareholders, which are currently in progress[111]. - The company has made commitments to adhere strictly to laws and regulations during its non-public issuance of shares, ensuring accurate and timely disclosure of significant information to investors since April 2011[109]. - The company has committed to not engage in any activities that would lead to new competition or materially affect related transactions during its non-public share issuance, with ongoing compliance since October 2010[109]. Related Party Transactions - Chengdu Xingrong Environment Co., Ltd. reported a total transaction amount of 7,549.9 million yuan for related party transactions, accounting for 100% of the same type of transactions[125]. - The company’s procurement of raw materials from related parties was priced at market rates, with a transaction amount of 8,700.5 million yuan, indicating a 4% increase[125]. - The company is committed to maintaining transparency in its related party transactions as per regulatory requirements[125]. Future Outlook - The company anticipates a substantial growth in the water and environmental protection market, with an estimated investment of CNY 17 trillion during the 13th Five-Year Plan, of which CNY 12 trillion is expected in the water and solid waste sectors[85]. - Future guidance indicates a projected revenue growth of 18% for the upcoming fiscal year, driven by increased demand for environmental services[190]. - The company is focusing on sustainability initiatives, with a goal to reduce carbon emissions by 30% over the next five years[190].