Financial Performance - The company's operating revenue for Q3 2021 was ¥326,071,899.07, a decrease of 21.02% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of ¥3,283,584.88, representing a decline of 129.82% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥7,194,134.33, down 190.91% from the previous year[2]. - Total operating revenue for the period was CNY 1,194,928,071.77, a decrease of 9.84% compared to CNY 1,325,515,291.12 in the previous period[16]. - Net profit for the period was CNY 16,215,551.17, down 42.3% from CNY 28,091,447.00 in the same period last year[17]. - Earnings per share (EPS) decreased to CNY 0.0473 from CNY 0.0695, representing a decline of 32.0%[18]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥78,911,580.44, an increase of 219.24% compared to the same period last year[2]. - The net cash flow from operating activities for Q3 2021 was ¥78,911,580.44, a significant improvement compared to a net outflow of ¥66,181,314.14 in Q3 2020[20]. - The net cash flow from financing activities showed a net outflow of ¥102,820,647.53, contrasting with a net inflow of ¥18,163,144.92 in Q3 2020[21]. - The company's cash outflow for operating activities was ¥1,209,600,378.04, compared to ¥1,361,537,897.83 in Q3 2020, reflecting improved operational efficiency[20]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥7,593,235,372.36, a decrease of 12.55% from the end of the previous year[2]. - The company's total current assets as of September 30, 2021, amount to ¥2,680,211,145.99, a decrease from ¥3,243,544,450.13 at the end of 2020[12]. - The total liabilities of the company as of September 30, 2021, are ¥5,105,194,950.28, down from ¥5,873,764,792.22 in the previous year[13]. - The total liabilities amounted to CNY 5,873,764,792.22, with non-current liabilities at CNY 2,096,098,811.10[25]. - The total current liabilities were CNY 3,777,665,981.12, indicating a significant short-term financial obligation[25]. Investments and R&D - The company's R&D expenses for the first nine months of 2021 were ¥10,293,233.04, down 39.44% year-on-year[7]. - Research and development expenses were CNY 10,293,233.04, a decrease of 39.4% from CNY 16,998,023.91 in the prior period[16]. - Investment income for the first nine months of 2021 was ¥20,561,365.85, an increase of 661.30% compared to the same period last year[7]. - The company reported an investment income of CNY 20,561,365.85, compared to a loss of CNY 3,663,191.86 in the previous period[17]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,253[9]. - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of shares, totaling 79,200,321 shares[9]. - The total equity attributable to shareholders of the parent company decreased to CNY 1,988,979,750.28 from CNY 2,016,866,452.78[14]. - The company's total equity reached CNY 2,808,889,385.87, including CNY 502,961,591.93 in undistributed profits[25]. Other Financial Metrics - The total cash and cash equivalents at the end of Q3 2021 stood at ¥369,992,187.29, down from ¥432,074,603.64 at the end of Q3 2020[21]. - The company's cash and cash equivalents decreased to ¥404,489,567.32 from ¥639,221,802.91[12]. - The accounts receivable increased to ¥735,155,462.84 from ¥704,403,769.97[12]. - The company reported a significant increase in other receivables, which rose to ¥267,188,493.08 from ¥66,480,552.79[12]. - The company has a total of 1,585,932,278.10 in short-term borrowings, slightly up from 1,519,067,210.36[13]. Compliance and Standards - The company has not conducted an audit for the third quarter report[28]. - The implementation of the new leasing standards began on January 1, 2021, affecting the recognition of lease liabilities and right-of-use assets[26]. - The company has not adjusted comparative data for prior periods under the new leasing standards[27].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 868,856,172.70, a decrease of 4.80% compared to CNY 912,645,911.57 in the same period last year[19]. - The net profit attributable to shareholders of the listed company increased by 48.06% to CNY 19,972,363.47, up from CNY 13,489,039.46 in the previous year[19]. - The basic earnings per share increased by 48.17% to CNY 0.0566, compared to CNY 0.0382 in the same period last year[19]. - The company reported a total revenue of 37,656.8 million yuan for the first half of 2021, reflecting a 21% increase in operational efficiency[49]. - Net profit for the first half of 2021 was ¥25,335,150.35, down 17% from ¥30,528,214.58 in the same period last year[129]. - The profit attributable to the parent company's shareholders increased to ¥19,972,363.47, up 48.3% from ¥13,489,039.46 in the previous year[130]. - The company reported a net profit of CNY 522.93 million, reflecting an increase compared to the previous period[122]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching CNY 59,381,528.93, compared to a negative cash flow of CNY -65,114,497.99 in the same period last year, marking a 191.20% increase[19]. - The company reported a significant increase in investment income of 732.50%, totaling ¥17,478,585.85, primarily due to equity disposals[33]. - Total cash inflow from investment activities was CNY 199,315,814.43, compared to CNY 22,714,175.26 in the prior period, indicating a substantial increase[138]. - The net cash flow from investment activities was negative at CNY -40,905,355.08, improving from CNY -139,128,972.03 in the prior period[138]. - The company’s total cash inflow from operating activities was CNY 328,511,731.64, significantly higher than CNY 130,518,231.50 in the previous half-year[140]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,765,755,697.24, a decrease of 10.56% from CNY 8,682,654,178.09 at the end of the previous year[19]. - The total liabilities decreased from CNY 5.87 billion to CNY 5.27 billion, a reduction of about 10.2%[121]. - The total equity attributable to shareholders decreased from CNY 2.02 billion to CNY 1.99 billion, a decline of about 1.5%[122]. - The company's long-term equity investments increased from CNY 99.43 million to CNY 820.49 million, a significant increase of approximately 726%[120]. - Cash and cash equivalents at the end of the reporting period amounted to CNY 622,581,837.57, accounting for 8.02% of total assets[39]. Revenue Segmentation - The public utility sector contributed ¥403,184,950.49, accounting for 46.40% of total revenue, with an 18.41% increase year-on-year[35]. - Environmental and ecological governance revenue was ¥116,836,865.36, a 3.86% increase from the previous year[35]. - Clean energy revenue decreased by 24.11% to ¥348,834,356.85, representing 40.15% of total revenue[35]. - The total revenue for the public utility segment reached CNY 403,184,950.49, representing a year-on-year increase of 23.96%[37]. - The environmental and ecological governance segment reported revenue of CNY 116,836,865.36, with a significant year-on-year growth of 41.61%[37]. Strategic Initiatives - The company plans to expand its market presence in the Beijing-Tianjin-Hebei region, leveraging national strategic opportunities[29]. - The company aims to enhance its operational efficiency and project quality through targeted management reforms and investment strategies[31]. - The company is focusing on expanding its services in urban environmental governance and clean energy sectors[26]. - The company plans to enhance its investment project risk evaluation and control mechanisms to mitigate uncertainties in new business areas[57]. - The company is exploring potential acquisitions to enhance its market presence and operational capabilities in the environmental services sector[67]. Environmental Compliance - The company operates under strict environmental regulations, with no reported exceedances in pollutant discharge for several facilities[66]. - The company is actively monitoring and managing its wastewater treatment processes to ensure compliance with environmental standards[66]. - The company has implemented new technologies in wastewater treatment to enhance efficiency and reduce pollutant discharge[67]. - The company has established emergency response plans for environmental incidents, ensuring preparedness for potential environmental challenges[69]. - The company has not reported any environmental issues leading to administrative penalties, showcasing effective environmental management[70]. Corporate Governance - The company has undergone management changes, including the appointment of two new deputy general managers in April 2021[62]. - There were no significant legal disputes or administrative penalties reported during the reporting period, reflecting stable operational integrity[78]. - The company has not engaged in any major related party transactions during the reporting period, indicating a focus on operational independence[79]. - The board of directors approved the financial report on August 30, 2021, ensuring compliance with regulatory requirements[154]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[158]. Shareholder Information - The company has a total of 352,658,600 shares, with 95.19% being unrestricted shares[101]. - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of shares, totaling 79,200,321 shares[105]. - Li Huaqing, a director, reduced his holdings by 600,006 shares, ending with 20,019,883 shares, representing 5.68% of total shares[108]. - The total number of ordinary shareholders at the end of the reporting period is 20,299[105]. - The company has not engaged in any high-risk entrusted financial management activities during the reporting period[96].

Financial Performance - The total operating revenue for 2020 was CNY 1,887,061,359.95, a decrease of 0.61% compared to CNY 1,898,551,961.95 in 2019[15]. - The net profit attributable to shareholders was CNY 20,193,239.69, down 45.35% from CNY 36,952,220.56 in the previous year[15]. - The net cash flow from operating activities was CNY 144,054,151.51, a significant decline of 71.09% compared to CNY 498,252,687.18 in 2019[15]. - Basic earnings per share decreased to CNY 0.0573, down 45.32% from CNY 0.1048 in 2019[15]. - The company faced significant challenges in 2020, leading to a decrease in both revenue and profit margins compared to previous years[15]. - The net profit attributable to the parent company decreased by 45.35% to CNY 20,193,239.69, primarily due to reduced engineering income and increased financing costs[32]. - Other income increased by 129.19% to CNY 38,648,716.31, mainly due to an increase in government subsidies[32]. - The company reported a 255.42% increase in investment income to CNY 5,225,589.56, primarily due to profits from associated companies[32]. - The company reported a total revenue of 882,389,537.03 CNY from its subsidiary Tianjin Binhai Water Industry Group, contributing significantly to its overall performance[64]. - The net profit from Tianjin Binhai Water Industry Group was 75,009,534.2 CNY, representing a substantial portion of the company's earnings[64]. Assets and Liabilities - Total assets at the end of 2020 were CNY 8,682,654,178.09, an increase of 2.70% from CNY 8,454,206,589.65 at the end of 2019[16]. - The net assets attributable to shareholders were CNY 2,016,866,452.78, reflecting a slight increase of 0.66% from CNY 2,003,726,385.09 in 2019[16]. - The company’s fixed assets amounted to approximately 1.99 billion, accounting for 23.03% of total assets[54]. - Short-term loans increased by 5.28% to approximately 1.52 billion, representing 17.50% of total assets[54]. - The company’s total assets included in the internal control evaluation accounted for 100% of the consolidated total assets[183]. Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, based on a total of 352,658,600 shares[4]. - The cash dividend per 10 shares was set at CNY 0.2 (including tax), with a total of 352,658,600 shares as the basis for distribution[79]. - The company reported a cash dividend of CNY 7,053,172, which represents 34.93% of the net profit attributable to ordinary shareholders[79]. - The total distributable profit for the year was CNY 20,193,239.69, with the cash dividend accounting for 100% of the profit distribution[79]. - The company has maintained a consistent cash dividend distribution of 0.2 yuan per 10 shares over the past three years[77]. Operational Efficiency and Strategy - The company aims to expand its market share in the Beijing-Tianjin-Hebei region and enhance its competitive capabilities in environmental protection and clean energy sectors[27]. - The company plans to leverage its capital operation advantages to drive growth through mergers and acquisitions, enhancing its industry chain[27]. - The company aims to enhance project construction and improve operational efficiency to achieve better business outcomes in 2021[67]. - The company is committed to leveraging its operational advantages to maintain market share amid rising competition[68]. - The company aims to develop a comprehensive service provider model integrating water management, solid waste disposal, and clean energy solutions[66]. Research and Development - R&D expenses decreased by 24.40% to approximately 20.20 million in 2020, down from 26.71 million in 2019[45]. - The number of R&D personnel decreased by 13.74% to 113 in 2020, representing 6.68% of total employees[50]. - Investment in R&D increased by 25% compared to the previous year, focusing on water treatment technologies and sustainable solutions[160]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[119]. - The company has established emergency response plans for environmental incidents, demonstrating preparedness for potential environmental challenges[125]. - The company is focusing on expanding its wastewater treatment capabilities, with multiple facilities operating under stringent discharge standards[120][121]. - The company has implemented advanced treatment technologies to ensure compliance with local environmental regulations[120][121]. - The company is committed to sustainable practices, aiming to reduce overall pollutant emissions in line with regulatory requirements[120][121]. Corporate Governance - The company has established a robust internal control management system and has made efforts to enhance its governance structure[169]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[170]. - The company strictly adheres to information disclosure regulations, ensuring transparency and fairness in its communications with investors[170]. - The company has established independent organizational structures, with no hierarchical relationship with the largest shareholder[173]. - The company’s independent directors provided professional suggestions that were adopted, enhancing corporate governance[178]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period is 18,996, an increase from 18,938 at the end of the previous month[133]. - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of the shares, totaling 79,200,321 shares[134]. - The actual controller of the company is the Tianjin Municipal Government State-owned Assets Supervision and Administration Commission, which was confirmed on August 31, 2020[138]. - The company does not have a controlling shareholder, as the largest shareholder's equity is below 30%[136]. Audit and Financial Reporting - The audit report issued by Zhongzheng Huacai Certified Public Accountants provided a standard unqualified opinion on the financial statements[191]. - The company’s internal control self-evaluation report was disclosed on April 30, 2021, confirming the absence of major deficiencies[187]. - The auditor evaluates the appropriateness of accounting policies and the reasonableness of accounting estimates made by management[199]. - The governance layer is responsible for overseeing the financial reporting process[197]. Future Outlook - The management indicated a cautious outlook for 2021, with expectations of gradual recovery in revenue as market conditions stabilize[154]. - The company expects a revenue growth of 10% to 12% for the upcoming fiscal year, driven by new product launches and market expansion strategies[160]. - The company plans to invest in new technologies and product development to improve service delivery and customer satisfaction[153].

Financial Performance - The company's operating revenue for Q1 2021 was ¥551,938,255.36, representing a 23.95% increase compared to ¥445,304,221.10 in the same period last year[8] - The net profit attributable to shareholders for Q1 2021 was ¥12,048,740.76, a 43.21% increase from ¥8,413,233.44 in the previous year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,927,072.48, up 26.27% from ¥5,486,113.15 year-on-year[8] - The basic earnings per share for Q1 2021 was ¥0.0342, reflecting a 43.10% increase compared to ¥0.0239 in the same period last year[8] - The net profit attributable to minority shareholders decreased by 50.22% to ¥12,164,377.04, due to reduced profits from non-wholly-owned subsidiaries[15] - Net profit for Q1 2021 was CNY 24,213,117.80, down 26.3% from CNY 32,847,757.11 in Q1 2020[38] - The company's operating profit for Q1 2021 was CNY 40,240,089.04, a decrease of 17.5% from CNY 48,681,423.50 in Q1 2020[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,080,875,413.63, a 4.59% increase from ¥8,682,654,178.09 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥2,028,915,193.54, a slight increase of 0.60% from ¥2,016,866,452.78 at the end of the previous year[8] - Long-term receivables amounted to CNY 38,166,812.70, while long-term equity investments increased to CNY 101,645,886.58, up from CNY 99,430,441.33[29] - Current liabilities rose to CNY 4,021,709,925.64, compared to CNY 3,777,665,981.12, marking an increase of approximately 6.5%[30] - Non-current liabilities totaled CNY 2,209,605,415.23, up from CNY 2,096,098,811.10, representing a growth of around 5.4%[30] - The total liabilities of the company increased to CNY 6,231,315,340.87 from CNY 5,873,764,792.22, reflecting a growth of about 6.1%[30] - The company's goodwill increased to CNY 580,682,605.18 from CNY 525,871,773.06, representing an increase of approximately 10.4%[29] Cash Flow - The net cash flow from operating activities for Q1 2021 was -¥24,272,520.84, a significant decline of 237.60% compared to -¥7,189,641.00 in the same period last year[8] - The net cash flow from operating activities was -24,272,520.84 CNY, compared to -7,189,641.00 CNY in the previous period, indicating a decline in operational cash generation[46] - The net cash flow from investing activities was -39,401,130.80 CNY, an improvement from -201,197,600.34 CNY in the previous period, suggesting better investment management[46] - Total cash inflow from financing activities was 536,530,920.94 CNY, up from 436,450,000.00 CNY in the previous period, reflecting increased borrowing[47] - The company reported a cash outflow of 580,364,720.14 CNY from financing activities, compared to 423,899,045.55 CNY in the previous period, indicating higher debt repayments[47] Expenses - Management expenses rose by 45.44% to ¥51,837,356.39, mainly due to fewer expenses last year due to the pandemic and the acquisition of a subsidiary[15] - Total operating costs for Q1 2021 were CNY 517,052,206.75, an increase of 23.5% compared to CNY 418,811,505.77 in Q1 2020[37] - Research and development expenses for Q1 2021 were CNY 3,476,802.04, a decrease of 22.5% from CNY 4,485,261.63 in Q1 2020[37] - Tax expenses for Q1 2021 were CNY 16,554,429.14, an increase of 3.8% from CNY 15,951,611.01 in Q1 2020[38] - Other income for Q1 2021 was CNY 7,776,904.12, down 69.4% from CNY 25,391,568.45 in Q1 2020[37] Investments - Investment income surged by 207.63% to ¥1,215,445.25, resulting from profits from associated companies[15] - The company reported investment income of CNY 1,215,445.25 in Q1 2021, compared to a loss of CNY 1,129,299.56 in Q1 2020[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,938[11] - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., held 22.46% of the shares, totaling 79,200,321 shares[11] Other Information - The company received government subsidies amounting to ¥6,781,678.73 during the reporting period[9] - The company has implemented new leasing standards effective January 1, 2021, impacting the recognition of lease liabilities and right-of-use assets[54] - The first quarter report was not audited, which may affect the reliability of the financial data presented[59]

Financial Performance - Operating revenue for the reporting period was ¥412,869,379, representing a year-on-year increase of 1.61%[8]. - Net profit attributable to shareholders was ¥11,009,786, a decrease of 44.08% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was ¥7,913,231.90, down 57.68% year-on-year[8]. - Basic earnings per share were ¥0.0312, down 44.09% from the same period last year[8]. - The weighted average return on equity was 0.55%, a decrease of 0.39% compared to the previous year[8]. - The net profit attributable to the parent company for the first nine months of 2020 was ¥24,498,825.60, a 3.52% increase from ¥23,666,648.14 in the same period of 2019[17]. - The net profit for the period was CNY -2,436,767.58, an improvement compared to CNY -8,513,673.30 in the same period last year[43]. - The net profit from continuing operations for Bohai Water Industry Co., Ltd. in Q3 2020 was -20,149,318.09 CNY, compared to a profit of 31,018,228.45 CNY in the same period last year[55]. - The total operating revenue for the period was CNY 1,325,515,291.12, a decrease of 1.3% compared to CNY 1,347,351,971.44 in the previous period[49]. - The net profit for the period was CNY 28,091,447.00, representing an increase of 34.4% compared to CNY 20,910,152.96 in the previous period[50]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥1,066,816.15, a decline of 101.98% compared to the previous year[8]. - The net cash flow from operating activities for the first nine months of 2020 was -¥66,181,314.14, a decrease of 596.60% compared to ¥13,326,938.92 in the previous year[18]. - Total cash inflow from operating activities was 1,295,356,583.69 CNY, while total cash outflow was 1,361,537,897.83 CNY[58]. - The cash flow from investing activities resulted in a net outflow of -179,598,275.40 CNY, compared to -301,821,100.05 CNY in the previous year[59]. - Cash flow from financing activities generated a net inflow of 18,163,144.92 CNY, down from 47,338,757.68 CNY in Q3 2019[59]. - The total cash and cash equivalents at the end of the period was 432,074,603.64 CNY, a decrease from 464,970,953.96 CNY at the end of Q3 2019[59]. - Cash and cash equivalents decreased to CNY 600,010,714.80 from CNY 978,945,496.97, representing a decline of about 38.66%[33]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,517,430,262.15, an increase of 0.75% compared to the end of the previous year[8]. - The company's total liabilities stood at CNY 5,713,793,135.10, slightly up from CNY 5,663,781,534.61, indicating a rise of about 0.89%[35]. - Short-term borrowings increased significantly to CNY 1,573,203,525.00 from CNY 1,033,512,040.00, representing an increase of approximately 52.06%[34]. - The company's total assets were reported at CNY 8,454,206,589.65, with a slight decrease of CNY 37,955,848.21[67]. - Total liabilities reached CNY 415,368,979.95, including current liabilities of CNY 261,117,342.52 and non-current liabilities of CNY 154,251,637.43[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,938[12]. - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of the shares[12]. - The company has not engaged in any repurchase transactions during the reporting period, indicating a stable shareholder structure[14]. - The company has announced the termination of the concerted action relationship with its major shareholder, which may impact future governance and control[19]. Government Support and Subsidies - The company received government subsidies amounting to ¥15,589,321.94 during the reporting period[9]. Research and Development - Research and development expenses increased to CNY 7,212,306.75 from CNY 5,973,258.20, indicating a focus on innovation[42]. - Research and development expenses were CNY 16,998,023.91, compared to CNY 14,920,738.34 in the previous period, indicating a growth of 13.9%[49]. Financial Reporting and Standards - The company has implemented new revenue recognition standards effective January 1, 2020, impacting financial reporting[68]. - The third quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[73]. - The company has not applied the new revenue and lease standards for retrospective adjustments, which may affect future financial reporting[72].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥912.65 million, representing a year-on-year increase of 21.85% before adjustments and a decrease of 2.14% after adjustments[16]. - The net profit attributable to shareholders for the same period was approximately ¥13.49 million, reflecting a year-on-year increase of 10.11% before adjustments and a decrease of 19.88% after adjustments[16]. - The basic earnings per share for the first half of 2020 was ¥0.0382, an increase of 10.09% compared to the same period last year[16]. - The company reported a total of ¥5.35 million in non-recurring gains and losses during the reporting period[21]. - The company achieved operating revenue of CNY 912,645,911.57, a decrease of 2.14% compared to the same period last year[32]. - The net profit attributable to the parent company was CNY 13,489,039.46, reflecting a significant impact from the pandemic[32]. - The company reported a total revenue from sales of goods and services of CNY 555,005,713.56 for the first half of 2020, down from CNY 691,460,779.07 in the first half of 2019[147]. - The company reported a significant increase in other revenue by 33.80% to ¥43,737,009.45[39]. - The company reported a total of CNY 32,688,133.75 in other income, significantly higher than CNY 8,626,374.32 in the previous year[138]. - The company reported a net profit of 3,950,000,000 CNY for the current period, which is a significant increase compared to the previous period's profit of 1,050,000,000 CNY, reflecting a growth of approximately 276.2%[158]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately -¥65.11 million, a significant decline of 1388.31% compared to the previous year[16]. - Cash and cash equivalents decreased by 505.06% to CNY -268,957,849.81, largely due to debt repayment[36]. - The total cash inflow from operating activities for the first half of 2020 was CNY 767,937,364.68, compared to CNY 760,612,115.48 in the same period of 2019, showing a slight increase[147]. - The total cash outflow from investing activities was CNY 161,843,147.29, compared to CNY 123,885,650.64 in the previous year, indicating increased investment[149]. - The total assets at the end of the reporting period were approximately ¥8.37 billion, a decrease of 0.97% from the end of the previous year[16]. - The total assets of the company amounted to CNY 2,701,168,792.51, an increase from CNY 2,627,481,673.36 in the previous year[137]. - The total liabilities decreased to CNY 5,558,544,741.70 from CNY 5,663,781,534.61, a reduction of approximately 1.8%[132]. - The company's equity increased to CNY 2,813,900,097.62 from CNY 2,790,425,055.04, reflecting a growth of about 0.8%[133]. - The total cash and cash equivalents at the end of the first half of 2020 were CNY 391,774,468.45, down from CNY 661,675,013.39 at the end of the first half of 2019[149]. Investments and R&D - Research and development investment increased by 9.37% to CNY 9,785,717.16, indicating a focus on innovation[36]. - Research and development expenses increased to CNY 9,785,717.16, compared to CNY 8,947,480.14 in the first half of 2019, reflecting a focus on innovation[138]. - The company has allocated 13,935,000,000 CNY for new product development and market expansion initiatives in the upcoming fiscal year[157]. Market Position and Strategy - The company is the sole supplier of raw water in the Binhai New Area, establishing a stable market position[27]. - The company plans to expand its market share in the Beijing-Tianjin-Hebei region and the Yangtze River Delta[28]. - The company aims to enhance its competitiveness by leveraging its operational advantages in the environmental governance industry and integrating its water supply business[58]. - The company plans to not distribute cash dividends or issue bonus shares for the reporting period[5]. - The company is exploring potential mergers and acquisitions to enhance its market position and diversify its product offerings[157]. Risks and Compliance - The company faced significant risks in its operations, which are detailed in the report, and investors are advised to read the risk section carefully[4]. - The company is facing risks related to industry policies, investment, competition, and new business areas, and has outlined measures to mitigate these risks[56][57][58][60]. - The company has not reported any major litigation or arbitration matters during the reporting period[69]. - The company has not engaged in any significant related party transactions during the reporting period[73]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[79]. - The company has not undergone any bankruptcy restructuring during the reporting period[68]. - The company has not received any penalties or corrective actions during the reporting period[70]. Shareholder Information - The total number of shares after the recent changes is 352,658,600, with 100% of shares accounted for[106]. - The largest shareholder, Tianjin Water Affairs Bureau, holds 22.46% of shares, totaling 79,200,321[110]. - The second-largest shareholder, Tianjin TEDA Investment Holding Co., Ltd., holds 13.01% of shares, totaling 45,868,731[110]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[112]. - There were no changes in the controlling shareholder or actual controller during the reporting period[113]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[96]. - The total COD discharge from the company was 26,420 kg, well below the approved limit of 164,250 kg[96]. - The total ammonia nitrogen discharge was 412 kg, also within the approved limit of 8,213 kg[96]. - The company has implemented a combination of manual and automatic monitoring for environmental self-monitoring[100]. - The company has obtained environmental impact assessment approvals for its projects[100]. Financial Reporting and Governance - The financial report for the first half of the year was not audited[128]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately and completely[172]. - The company has maintained a consistent capital structure with total equity remaining stable over the reporting period[154]. - The financial statements are prepared based on the continuous operation principle and comply with the relevant accounting standards[170].

渤海水业股份有限公司 2020 年第一季度报告全文 渤海水业股份有限公司 2020 年第一季度报告 2020 年 04 月 1 渤海水业股份有限公司 2020 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。 公司负责人刘瑞深、主管会计工作负责人冯文清及会计机构负责人(会计主 管人员)靳德柱声明：保证季度报告中财务报表的真实、准确、完整。 2 渤海水业股份有限公司 2020 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 √ 是 □ 否 追溯调整或重述原因 同一控制下企业合并 | | 本报告期 | 上年同期 | | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | --- | | | | 调整前 | 调整后 | 调整前 | 调整后 | | 营业收入（元） | 445,304,221.10 | 388,949,885. ...

Financial Performance - The company's operating revenue for 2019 was CNY 1,898,551,961, representing an increase of 8.35% compared to CNY 1,566,740,892 in 2018[16] - The net profit attributable to shareholders decreased by 48.97% to CNY 36,952,220.56 from CNY 59,880,382.01 in the previous year[16] - Basic earnings per share fell by 52.38% to CNY 0.10 from CNY 0.21 in 2018[16] - The weighted average return on equity for 2019 was 1.83%, down from 2.90% in 2018[16] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 11.98% to CNY 31,768,795.53 from CNY 36,094,458.57 in 2018[16] - Operating profit decreased by 54.41% to CNY 82,856,103.39 from CNY 181,754,479.43, primarily due to reduced engineering income and increased financing costs[36] - The company reported a net profit margin of 12% for the fiscal year 2019, up from 10% in 2018[160] Cash Flow and Investments - The net cash flow from operating activities was CNY 498,252,687.18, showing a significant improvement of 105.17% compared to a negative cash flow of CNY 60,015,587.91 in 2018[16] - Cash flow from operating activities increased significantly by 105.17% to CNY 498,252,687.18, attributed to increased sales collections and reduced payments[36] - The company experienced a 42.40% increase in cash flow from investing activities, resulting in a net cash outflow of CNY 575,130,743.31[36] - The net increase in cash and cash equivalents was negative at CNY -45,394,052.19, a decline of 120.33% compared to the previous year[36] - The total investment amount for the reporting period was CNY 2,410,901,646.80, reflecting a year-on-year increase of 1.78%[64] Assets and Liabilities - Total assets at the end of 2019 reached CNY 8,454,206,589, an increase of 9.38% from CNY 6,344,708,902 at the end of 2018[16] - The net assets attributable to shareholders decreased by 6.29% to CNY 2,003,726,385 from CNY 2,084,438,112 in 2018[16] - The company's monetary funds at the end of 2019 amounted to CNY 978,945,496.97, representing 11.58% of total assets, an increase of 0.09% from the beginning of the year[61] - Accounts receivable stood at CNY 587,449,362.44, accounting for 6.95% of total assets, a decrease of 0.99% from the previous year[62] - Inventory increased to CNY 1,091,317,575.41, representing 12.91% of total assets, an increase of 1.65% year-on-year[62] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, totaling CNY 70,531,720 based on 352,658,600 shares[4] - The company distributed cash dividends of 7,053,172.00 yuan in 2019, representing 19.09% of the net profit attributable to ordinary shareholders[89] - The total distributable profit for 2019 was 36,952,220.56 yuan, with cash dividends accounting for 100% of the profit distribution[90] - The company has maintained a consistent cash dividend policy over the past three years, with no stock dividends or capital reserve transfers implemented[88] Market Position and Strategy - The company is the sole supplier of raw water in Tianjin Binhai New Area, establishing a stable market share and brand presence[29] - The company aims to expand its market presence in the Beijing-Tianjin-Hebei region, leveraging national strategies and policies to enhance competitiveness[30] - The company is focusing on capital operation advantages to drive external expansion and resource integration through mergers and acquisitions[31] - The company is actively developing health services as part of its business strategy, linking water supply with health industry initiatives[34] Research and Development - Research and development expenses amounted to ¥26,714,470.62, a decrease of 2.38% compared to the previous year[51] - The number of R&D personnel increased by 15.93% to 131, although the proportion of R&D personnel to total staff decreased to 7.30%[55] - The company completed several R&D projects, including technologies for wastewater treatment and resource recovery, enhancing its market competitiveness[52][54] - The company plans to increase investment in research and development to foster innovation and improve competitive advantage[156] Governance and Compliance - The company has strengthened its risk management and compliance operations, enhancing organizational efficiency and governance structure[35] - The company adheres to strict cash dividend policies in compliance with regulatory guidelines, ensuring shareholder returns[86] - The company has established independent organizational structures, ensuring no hierarchical relationship with the controlling shareholder[179] - The company maintains clear asset ownership, ensuring no interference from the controlling shareholder[178] Environmental Compliance - The company and its subsidiaries are classified as key pollutant discharge units by environmental protection authorities[131] - The company has successfully obtained environmental impact assessments for all its projects, ensuring compliance with regulatory standards[134] - Emergency response plans for environmental incidents have been developed and approved by relevant environmental protection departments[134] - The company employs a combination of manual and automatic monitoring for environmental self-assessment, ensuring thorough oversight of discharge levels[134] Shareholder Structure - The total number of shares is 352,658,600, with 79,671,108 shares (22.59%) under limited sale conditions and 272,987,492 shares (77.41%) under unlimited sale conditions[138] - The largest shareholder is Tianjin Water Affairs Bureau, holding 22.46% (79,200,321 shares) of the total shares[140] - The company has no foreign investment in its shareholding structure, with all shares held by domestic entities[138] - The company has a total of 21,572 shareholders at the end of the reporting period, an increase from 20,284 at the previous month-end[140] Management and Leadership - The management team underwent significant changes, with multiple executives, including the chairman and vice chairman, leaving their positions on February 10, 2020[155] - The current chairman, Liu Ruishen, has a background in business management and has held various leadership roles within the company[157] - The company aims to leverage its experienced management team to drive future growth and innovation in the water industry[157] - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with national laws and regulations[175]

Financial Performance - Operating revenue for the reporting period was CNY 406,327,734.85, reflecting a year-on-year increase of 1.28%[8] - Net profit attributable to shareholders was CNY 19,688,379.34, a significant increase of 25.41% compared to the same period last year[8] - Basic earnings per share rose by 25.39% to CNY 0.0558[8] - The total operating revenue for Q3 2019 was CNY 406,327,734.85, an increase of 0.28% compared to CNY 401,208,359.22 in the same period last year[38] - The net profit for the third quarter reached CNY 19,993,840.70, slightly up from CNY 19,718,155.85 year-on-year, indicating a growth of 1.4%[40] - The company's total revenue for the year-to-date period reached CNY 1,155,341,921.99, an increase of 3.4% from CNY 1,117,445,534.08 in the previous year[44] Asset and Liability Changes - Total assets increased by 8.63% to CNY 6,892,085,395.78 compared to the end of the previous year[8] - The company's total liabilities increased to CNY 4,239,597,059.19 from CNY 3,725,565,974.62, representing a growth of approximately 13.8%[31] - Non-current liabilities due within one year increased by 68.96% to ¥445,178,785.77, mainly due to an increase in long-term borrowings maturing within one year[16] - Total current liabilities amounted to CNY 2,870,347,358.16, an increase from CNY 2,447,712,922.70, reflecting a rise of about 17.3%[31] Cash Flow and Investments - Cash flow from operating activities increased by 116.06% to CNY 49,418,796.63 for the year-to-date[8] - The net cash flow from operating activities for the third quarter was ¥49,418,796.63, a significant improvement compared to a net outflow of ¥307,687,081.86 in the same period last year[54] - Investment activities generated a net cash outflow of ¥199,506,153.07, compared to a net outflow of ¥265,045,787.79 in the previous year[55] - The company invested ¥133,679,809.25 in fixed assets and intangible assets during the quarter, down from ¥210,826,735.63 in the previous year[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,157[12] - The largest shareholder, Tianjin Water Affairs Bureau, holds 22.46% of the shares[12] Research and Development - Research and development expenses decreased by 32.17% to ¥14,920,738.34, mainly due to reduced R&D investments by subsidiaries[16] - Research and development expenses decreased to CNY 5,973,258.20 from CNY 12,091,666.80, indicating a reduction of about 50.6% year-on-year[38] Other Financial Metrics - The weighted average return on net assets was 0.94%, a decrease of 0.18% compared to the previous year[8] - The company reported a credit impairment loss of CNY -2,062,804.74 for the third quarter, compared to CNY -7,430,400.70 in the previous year, showing an improvement[40] - The company reported a significant increase in investment income, totaling CNY 35,287,501.10, compared to CNY 601,260.72 in the same period last year[42]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 749,014,187.14, representing a 4.58% increase compared to CNY 716,237,174.86 in the same period last year[17]. - The net profit attributable to shareholders decreased by 42.02% to CNY 12,250,667.56 from CNY 21,129,140.78 year-on-year[17]. - The net profit after deducting non-recurring gains and losses fell by 60.20% to CNY 8,581,234.91 compared to CNY 21,562,709.19 in the previous year[17]. - The company reported a significant increase in cash flow from operating activities, improving by 96.82% to -CNY 4,375,069.82 from -CNY 137,570,139.14[35]. - The gross profit margin for the water supply segment was 28.88%, with a year-on-year increase of 7.18%[38]. - The company’s sewage treatment revenue increased by 40.98% to CNY 87,008,027.79, with a gross profit margin of 21.27%[38]. - The total operating costs for the first half of 2019 were CNY 708,848,912.56, up from CNY 672,912,088.02 in the first half of 2018, indicating an increase of about 5.3%[124]. - The net profit for the first half of 2019 was CNY 17,354,739.66, a decrease from CNY 21,034,621.01 in the same period of 2018, reflecting a decline of approximately 17.9%[125]. Assets and Liabilities - Total assets increased by 6.56% to CNY 6,760,662,423.19 from CNY 6,344,708,902.85 at the end of the previous year[17]. - The net assets attributable to shareholders rose by 0.45% to CNY 2,093,788,709.46 compared to CNY 2,084,438,112.08 at the end of the previous year[17]. - Total current liabilities were RMB 2,778,046,891.30, up from RMB 2,447,712,922.70, which is an increase of about 13.5%[116]. - The total liabilities as of June 30, 2019, were CNY 4,123,114,755.30, compared to CNY 3,725,565,974.62 at the end of 2018, representing an increase of approximately 10.7%[120]. Cash Flow - The net cash flow from operating activities for the first half of 2019 was -4,375,069.82 CNY, an improvement from -137,570,139.14 CNY in the same period of 2018[134]. - The total cash inflow from financing activities was 1,003,245,982.78 CNY, slightly down from 1,007,478,832.09 CNY year-over-year[135]. - The net cash flow from investing activities was -91,201,497.15 CNY, compared to -132,397,309.68 CNY in the previous year, indicating a reduced outflow[134]. Shareholder Information - The total number of shares after the recent changes is 352,658,600, with 22.59% being limited shares and 77.41% being unrestricted shares[96]. - The largest shareholder, Tianjin Water Affairs Bureau, holds 79,200,321 shares, representing 22.46% of the total shares[98]. - The company has a total of 23,862 shareholders at the end of the reporting period[98]. - There are no foreign investments in the company's shareholding structure, with 100% of shares held by domestic entities[96]. Subsidiaries and Investments - The subsidiary Tianjin Binhai Water Group reported total assets of ¥2,924,184,639.93 and a net profit of ¥26,796,576.58[48]. - The company established a new subsidiary, Tianjin Bin Instrument (Ningbo) Co., Ltd., which achieved a net profit of ¥49,247.16 during the reporting period[49]. - Bohai Water Industry Co., Ltd. has established a new subsidiary, Jinbin Instrument Technology (Ningbo) Co., Ltd., which focuses on the research, design, and manufacturing of smart instruments and smart water meters, contributing a net profit of CNY 49,247.16 in the current period[153]. Risk Management and Compliance - The company faces risks related to industry policies, investment, competition, emerging business areas, and management control, with strategies in place to mitigate these risks[51][53]. - The company has implemented a self-monitoring scheme for environmental compliance, combining manual and automatic monitoring methods[89]. - The company has complied with environmental impact assessment requirements for its projects and has prepared emergency response plans for environmental incidents[89]. Research and Development - The company’s R&D investment decreased by 5.77% to CNY 8,947,480.14 from CNY 9,495,551.80[35]. - The company aims to enhance its product offerings through ongoing research and development initiatives[144]. Financial Reporting and Governance - The financial report was approved by the board of directors on August 30, 2019[153]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[156]. - The company adheres to the accounting standards set by the Ministry of Finance of the People's Republic of China, ensuring that the financial statements accurately reflect its financial position and operating results[157].