Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥874.26 million, representing a 0.62% increase compared to ¥868.86 million in the same period last year[19]. - The net profit attributable to shareholders decreased by 21.37% to ¥15.70 million from ¥19.97 million year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥10.65 million, a significant increase of 555.54% compared to a loss of ¥2.34 million in the previous year[19]. - The net cash flow from operating activities increased by 4.40% to ¥61.99 million from ¥59.38 million in the same period last year[19]. - The company's basic earnings per share decreased by 21.38% to ¥0.0445 from ¥0.0566 year-on-year[19]. - The company's operating revenue for the current period is CNY 874,256,870.05, representing a year-on-year increase of 0.62% compared to CNY 868,856,172.70 from the previous year[31]. - The cost of sales increased by 6.22% to CNY 684,366,900.92 from CNY 644,320,072.77 in the previous year[31]. - The company's management expenses decreased by 19.76% to CNY 70,408,493.63 from CNY 87,746,086.36 in the previous year[31]. - Research and development investment decreased by 44.29% to CNY 4,131,498.71 from CNY 7,415,665.38 in the previous year[32]. - The company reported a significant increase in financing activities, with net cash flow from financing activities rising by 52.22% to CNY 54,079,304.07 from CNY 35,527,197.19 in the previous year[32]. - The revenue from the heating segment surged by 42.47% to CNY 380,391,281.52, compared to CNY 267,001,992.33 in the previous year[33]. - The revenue from environmental governance dropped by 34.76% to CNY 108,033,426.39 from CNY 165,584,347.86 in the previous year[33]. - The company reported a total revenue of 6,964 million yuan, representing a 38.07% increase compared to the previous period[79]. - The company reported a total revenue of 6,619.01 million for the first half of 2022, representing a significant increase compared to previous periods[92]. - The total operating revenue for the first half of 2022 was CNY 874,256,870.05, a slight increase from CNY 868,856,172.70 in the same period of 2021, representing a growth of approximately 0.5%[125]. - The total operating costs decreased to CNY 854,461,418.67 from CNY 884,791,772.03, marking a reduction of about 3.4%[126]. - The net profit for the first half of 2022 was CNY 26,827,389.97, compared to CNY 25,335,150.35 in the first half of 2021, indicating an increase of approximately 5.9%[126]. - The company's total assets as of June 30, 2022, amounted to CNY 3,262,031,772.14, up from CNY 3,176,045,370.16 at the beginning of the year, reflecting a growth of about 2.7%[123]. - The total liabilities decreased to CNY 1,036,190,590.26 from CNY 941,239,186.01, showing an increase of approximately 10.1%[123]. - The long-term borrowings increased to CNY 617,428,133.00 from CNY 422,937,587.00, representing a significant rise of about 46%[122]. Environmental Compliance - The company reported a total COD discharge of 11,159 kg against a permitted limit of 29,200 kg, indicating compliance with pollution discharge standards[57]. - Ammonia nitrogen discharge was recorded at 0.27 mg/L, significantly below the regulatory limit of 24.40 kg, demonstrating effective wastewater management[57]. - The company achieved a total of 6,210 kg of COD discharge at a facility, with a regulatory limit of 45,625 kg, reflecting adherence to environmental standards[58]. - The ammonia nitrogen concentration at another facility was 0.73 mg/L, well within the permissible limit of 300 kg, showcasing the company's commitment to environmental compliance[58]. - The company has a hazardous waste disposal rate of 60%, indicating a proactive approach to waste management[58]. - The company operates under the GB18918-2002 Class A standard for wastewater treatment, ensuring high-quality effluent discharge[58]. - The company has implemented new technologies to enhance wastewater treatment efficiency, contributing to improved environmental performance[58]. - The company has not been listed as a key pollutant discharge unit by environmental authorities, but several subsidiaries are classified as such[60]. - The company has implemented manual and automatic monitoring methods for environmental self-monitoring[63]. - There were no administrative penalties due to environmental issues during the reporting period[64]. Investment and Expansion Plans - The company plans to enhance its investment project risk evaluation and control mechanisms to mitigate uncertainties in new business areas[49]. - The company is actively pursuing mergers and acquisitions to strengthen its position in the environmental management industry[58]. - The company plans to invest in new facilities to increase wastewater treatment capacity, aiming for a 20% increase in processing capabilities by 2024[58]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion[141]. - The company plans to expand its market presence through new product development and technological advancements in the water industry[146]. - The company aims to enhance its operational efficiency and customer satisfaction through strategic initiatives and market expansion[146]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[54]. - The total number of shareholders at the end of the reporting period was 21,050[103]. - Tianjin Xingjin Enterprise Management Co., Ltd. holds 22.46% of the shares, totaling 79,200,321 shares[103]. - Tianjin Water Group Co., Ltd. holds 13.01% of the shares, totaling 45,868,731 shares[103]. - Li Huaqing holds 5.68% of the shares, totaling 20,019,883 shares, with 15,014,912 shares under lock-up[103]. - The shareholding structure includes significant holdings by state-owned entities, with the top three shareholders being state-owned[103]. - The company has a total of 337,643,688 unlimited sale shares after the recent change[100]. - Limited sale shares decreased from 15,464,917 to 15,014,912, a reduction of 450,005 shares, representing a change from 4.39% to 4.26%[100]. - Unlimited sale shares increased from 337,193,683 to 337,643,688, an increase of 450,005 shares, representing a change from 95.61% to 95.74%[100]. Financial Reporting and Compliance - The semi-annual financial report has not been audited[69]. - The financial report was approved by the board on August 26, 2022, ensuring compliance with accounting standards[151]. - The financial statements are prepared based on the continuous operation assumption, reflecting the company's financial status accurately[155]. - The company adheres to the accounting policies set forth by the Ministry of Finance of the People's Republic of China, ensuring transparency and accuracy in financial reporting[155]. Related Party Transactions - The company reported a total of 34,931,000 RMB in related party transactions for water fee procurement, accounting for 100% of similar transactions[72]. - The company engaged in related party transactions for electricity procurement amounting to 272,000 RMB, representing 2.28% of similar transactions[73]. - The company recorded 1,655,000 RMB in related party transactions for fuel procurement, which is 100% of similar transactions[73]. - The company reported 526,700 RMB in related party transactions for water fee sales, accounting for 2.88% of similar transactions[73]. - The company had related party transactions for water fee sales amounting to 967,500 RMB, representing 5.29% of similar transactions[73]. - The company engaged in related party transactions for water fee procurement totaling 115,600 RMB, which is 48.43% of similar transactions[73]. - The company reported related party transactions for water fee sales amounting to 571,400 RMB[73]. - The company had related party transactions for electricity procurement totaling 9,000 RMB, representing 3.12% of similar transactions[73]. - The company has not exceeded the approved transaction amounts in any of the reported related party transactions[72]. - The company disclosed all related party transactions in accordance with regulatory requirements[72]. Risk Factors - The company is facing industry policy risks due to high dependence on national macroeconomic policies, which could impact market expansion[47]. - The company reported a significant reliance on its established operational advantages to maintain market share amid increasing competition[48]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[154]. Asset Management - The total assets at the end of the reporting period were approximately ¥7.67 billion, down 1.62% from ¥7.80 billion at the end of the previous year[19]. - The company's total assets include CNY 442,231,784.43 in cash, representing 5.77% of total assets, an increase from 5.42% in the previous year[36]. - The company's long-term equity investments increased to CNY 899,641,910.09, accounting for 11.73% of total assets, up from 11.37% in the previous year[36]. - The company's current assets totaled CNY 2,400,580,928.65, down from CNY 2,535,453,911.71 at the beginning of the year, indicating a decrease of about 5.32%[117]. - The company's total assets at the end of the reporting period amounted to CNY 9,186 million, an increase of 26.02% compared to the previous year[145]. - The equity attributable to shareholders was reported at 2,234 million yuan, reflecting a growth of 71.81% year-on-year[145]. - The total liabilities at the end of the reporting period were 291 million RMB, which is a 7.53% increase from the previous year[140].

Financial Performance - The company's operating revenue for 2021 was CNY 1,812,227,480.20, a decrease of 3.97% compared to CNY 1,887,061,359.95 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 11,440,683.51, down 43.34% from CNY 20,193,239.69 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -30,911,905.58, a decline of 330.06% compared to CNY 13,436,508.82 in 2020[18]. - Basic earnings per share decreased by 43.46% to CNY 0.0324 from CNY 0.0573 in the previous year[18]. - The company reported a significant uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[18]. - The company experienced a quarterly fluctuation in net profit, with a loss of CNY 5,248,095.08 in Q4 2021[23]. - The company reported a total revenue of CNY 517.94 million and a net profit of CNY 21.42 million for the reporting period[72]. - The company reported a total revenue of CNY 263.46 million with a net profit of CNY 27.51 million, reflecting a strong performance in the water supply business[72]. Cash Flow and Investments - The net cash flow from operating activities increased by 11.48% to CNY 160,585,790.94 from CNY 144,054,151.51 in 2020[18]. - The company experienced a significant increase in investment income, which rose by 769.96% to CNY 45,460,627.02, mainly due to adjustments in the scope of consolidation and changes in equity[39]. - The cash and cash equivalents net decrease was CNY 138,966,310.91, primarily due to changes in cash flows from operating, investing, and financing activities[40]. - Investment cash inflow surged by 151.56% to ¥235,598,800.80, primarily due to proceeds from the disposal of subsidiaries[57]. - Investment cash outflow increased by 51.57% to ¥480,725,117.12, mainly due to payments for subsidiary acquisitions[58]. Assets and Liabilities - Total assets at the end of 2021 were CNY 7,795,315,669.48, a decrease of 10.22% from CNY 8,682,654,178.09 at the end of 2020[18]. - The net assets attributable to shareholders increased by 3.83% to CNY 2,094,047,177.72 from CNY 2,016,866,452.78 in 2020[18]. - Long-term equity investments rose significantly to ¥886,621,969.13, representing 11.37% of total assets, an increase of 10.25% due to adjustments in the scope of consolidation and changes in equity[59]. - The company reported a significant increase in short-term borrowings to ¥1,498,446,535.47, which accounted for 19.22% of total assets, up from 17.09%, an increase of 2.13%[59]. - The company has a total external guarantee balance of CNY 11,137.82 million at the end of the reporting period[165]. Revenue Segments - The revenue from the heating segment surged by 99.93% to CNY 548,571,203.75, reflecting a significant growth in this area[42]. - The environmental governance revenue dropped by 46.34% to CNY 421,739,597.81, indicating challenges in this segment[42]. - The company’s revenue from Tianjin increased by 30.69% to CNY 1,295,000,018.85, while revenue from Hebei decreased by 41.98% to CNY 499,669,014.88[43]. Governance and Compliance - The company has established a comprehensive internal control management system, ensuring effective operation and compliance with relevant laws and regulations[83]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with national laws and regulations[84]. - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all investors[84]. - The company has established independent organizational structures, including a board of directors and a supervisory board, which operate independently from the largest shareholder[87]. - The company has implemented measures to facilitate shareholder engagement and address investor inquiries effectively[84]. Environmental Management - The company is classified as a key pollutant discharge unit by the environmental protection department[126]. - COD emissions from Tianjin Run Da Environmental Management Service Co., Ltd. totaled 58,400 kg, with a discharge concentration of 10.5 mg/l, which is below the standard[126]. - The company has received environmental impact assessment approvals for all its projects, ensuring compliance with environmental standards[130]. - The company has developed emergency response plans for environmental incidents, ensuring preparedness for potential environmental emergencies[130]. - No administrative penalties were reported during the reporting period due to environmental issues, reflecting the company's adherence to regulations[130]. Strategic Focus and Future Outlook - The company aims to expand its environmental energy business and enhance its competitiveness in hazardous waste disposal and resource utilization[35]. - The company plans to expand its solid waste and hazardous waste disposal business, aiming for increased operational scale and profitability[74]. - The financial outlook for the upcoming year remains positive, with expectations of continued revenue growth and market expansion[90]. - Future risks include industry policy changes, which could significantly impact market expansion and operational performance[75]. Employee and Management Structure - The total number of employees at the end of the reporting period was 1,382, with 39 in the parent company and 397 in major subsidiaries[110]. - The professional composition of employees includes 702 production personnel, 141 sales personnel, 195 technical personnel, 71 financial personnel, and 273 administrative personnel[110]. - The company has a diverse management team with expertise in environmental engineering, project management, and finance, enhancing its operational capabilities[98][99]. - The management team includes experienced professionals from the water industry, which is expected to drive future growth and innovation[94]. Shareholder Information - The total number of shares is 352,658,600, with 95.61% being unrestricted shares[175]. - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of the shares, totaling 79,200,321 shares[180]. - The total number of shareholders at the end of the reporting period is 18,800[179]. - The actual controller of the company is the Tianjin Municipal Government State-owned Assets Supervision and Administration Commission[184].

Financial Performance - The company's revenue for Q1 2022 was ¥554,705,109.30, representing a slight increase of 0.50% compared to ¥551,938,255.36 in the same period last year[2] - Net profit attributable to shareholders decreased by 19.99% to ¥9,640,169.81 from ¥12,048,740.76 year-on-year[2] - The basic earnings per share fell by 20.18% to ¥0.0273, down from ¥0.0342 in the same quarter last year[2] - Net profit for the quarter was CNY 22,547,604.83, down from CNY 24,213,117.80 in the same period last year[15] - The net profit attributable to the parent company for Q1 2022 was CNY 9,640,169.81, a decrease from CNY 12,048,740.76 in Q1 2021, representing a decline of approximately 19.5%[16] - The total comprehensive income for the parent company in Q1 2022 was CNY 9,640,169.81, down from CNY 12,048,740.76 in the same period last year, indicating a decrease of about 19.5%[16] - The company reported a total comprehensive income of CNY 22,547,604.83 for Q1 2022, compared to CNY 24,213,117.80 in Q1 2021, indicating a decrease of about 6.9%[16] Cash Flow - The net cash flow from operating activities significantly improved to ¥57,158,680.60, a 335.49% increase from a negative cash flow of ¥24,272,520.84 in the previous year[2] - The cash inflow from operating activities totaled CNY 421,447,085.54 in Q1 2022, while cash outflow was CNY 364,288,404.94, resulting in a net cash flow of CNY 57,158,680.60[19] - The net cash flow from investing activities was negative CNY 114,741,845.12 in Q1 2022, worsening from a negative CNY 39,401,130.80 in Q1 2021[20] - The net cash flow from financing activities was negative CNY 71,127,328.66 in Q1 2022, compared to a negative CNY 43,833,799.20 in Q1 2021, indicating increased cash outflows[20] - The total cash inflow from financing activities in Q1 2022 was CNY 663,800,000.00, while cash outflow was CNY 734,927,328.66, leading to a net cash flow of negative CNY 71,127,328.66[20] - The total cash and cash equivalents at the end of Q1 2022 stood at CNY 265,495,329.76, down from CNY 425,664,683.01 at the end of Q1 2021[20] Assets and Liabilities - Total assets decreased by 2.55% to ¥7,596,432,065.17 from ¥7,795,315,669.48 at the end of the previous year[2] - Current assets totaled CNY 2,330,199,124.40, down from CNY 2,535,453,911.71 at the start of the year[11] - Current liabilities decreased to CNY 3,390,170,545.13 from CNY 3,690,637,130.22[12] - Non-current liabilities increased to CNY 1,584,253,770.00 from CNY 1,504,378,394.05[12] - Cash and cash equivalents decreased significantly from CNY 422,262,959.70 to CNY 294,692,862.93[11] - Inventory levels decreased from CNY 157,372,287.70 to CNY 145,748,528.54[11] - The company reported a decrease in accounts receivable from CNY 773,799,780.24 to CNY 768,321,668.77[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,810[6] - The top shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of the shares, totaling 79,200,321 shares[8] Expenses - Research and development expenses decreased by 43.35% to ¥1,969,534.00 from ¥3,476,802.04 year-on-year, primarily due to changes in the scope of consolidation[5] - The company reported a significant reduction in financial expenses by 54.48% to ¥21,655,478.79 from ¥47,576,234.20 in the previous year[5] - Total operating costs increased to CNY 525,311,537.54 from CNY 517,052,206.75, with operating costs specifically rising from CNY 395,239,144.50 to CNY 447,809,674.29[15]

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. ...