证券代码：000685 证券简称：中山公用 中山公用事业集团股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | --- | |--------------------|----------------------------------|------------------------------------------------------|----------------|------------------------| | | | | | | | | □特定对象调研 □分析师会议 | | | | | | □媒体采访 □业绩说明会 | | | | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | | | □现场参观 | | | | | | 其他： 2022 | 年广东辖区上市公司投资者网上集体接待日 | | | | | 1. 线上投资者 | | | | | 活动参与人员 | 2. | 上市公司接待人员：公司董事长郭敬谊先生、董事总经理 | | | | | | 黄著文先生、副总经理财务负责人徐化群先生、董事会秘书 | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥673,134,495.83, representing a year-on-year increase of 17.17%[5] - The net profit attributable to shareholders for Q3 2022 was ¥147,231,687.22, a decrease of 59.91% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥145,260,462.05, down 60.16% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.10, reflecting a decline of 59.92% compared to the previous year[7] - The net profit attributable to shareholders of the parent company decreased by 41.95% to ¥682,276,177.10, primarily due to a reduction in investment income[16] - Net profit for the current period is ¥676,576,309.01, compared to ¥1,163,283,235.18 in the previous period, a decrease of around 41.9%[40] - Earnings per share (EPS) for the current period is ¥0.46, down from ¥0.80 in the previous period, reflecting a decline of 42.5%[40] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥23,194,589,692.79, an increase of 3.13% from the end of the previous year[7] - The company's total assets increased to RMB 23.19 billion as of September 30, 2022, compared to RMB 22.49 billion at the beginning of the year[30] - The total liabilities amount to ¥7,509,399,956.15, an increase from ¥7,043,738,231.23, indicating a rise of approximately 6.6%[38] - Total equity attributable to shareholders of the parent company is ¥15,383,105,196.51, up from ¥15,141,971,527.58, reflecting an increase of about 1.6%[38] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥90,340,674.98, down 80.50% year-on-year[5] - The net cash flow from operating activities dropped by 80.50% to ¥90,340,674.98, mainly due to a decrease in cash received from sales and an increase in cash payments related to operating activities[19] - The net cash flow from operating activities for the current period is ¥90,340,674.98, a decrease of 80.5% compared to ¥463,293,764.90 in the previous period[47] - Total cash inflow from operating activities is ¥2,054,731,602.31, down 5.3% from ¥2,170,469,281.51 in the previous period[47] - Cash outflow from operating activities increased to ¥1,964,390,927.33, up 15.0% from ¥1,707,175,516.61 in the previous period[47] - The ending balance of cash and cash equivalents is ¥1,815,706,963.42, compared to ¥1,703,737,450.24 in the previous period[47] Investments and Expenses - Research and development expenses increased by 74.04% to ¥45,724,726.56, reflecting a significant increase in R&D investment during the reporting period[16] - Financial expenses decreased by 35.98% to ¥74,896,257.51, attributed to increased interest income from PPP projects and a decline in financing costs[16] - The investment income fell by 44.77% to ¥563,602,254.67, primarily due to reduced investment returns from Guangfa Securities and Guangfa Xinde funds[16] - Research and development expenses increased to ¥45,724,726.56 from ¥26,272,520.49, representing a growth of approximately 74.5%[38] - Financial expenses decreased to ¥74,896,257.51 from ¥116,989,171.05, a reduction of about 36%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,324, with the largest shareholder holding 47.99% of the shares[20] - The company plans to repurchase between 7.38 million and 14.75 million shares at a maximum price of RMB 10.26 per share, totaling approximately RMB 75.72 million to RMB 151.34 million[24] - As of September 30, 2022, the company has repurchased a total of 4,590,200 shares, accounting for 0.31% of the total share capital, with a total payment of RMB 33.65 million[28] - The highest transaction price during the repurchase was RMB 7.51 per share, while the lowest was RMB 7.13 per share[28] Other Financial Metrics - The accounts receivable increased by 39.03% to ¥728,615,855.04, primarily due to an increase in water and waste collection fees[13] - The construction in progress increased by 222.90% to ¥676,831,003.21, mainly due to the expansion of sewage treatment plants[13] - The company reported a significant increase in goodwill by 465.02% to ¥22,809,394.48, primarily due to mergers with enterprises not under the same control[13] - The deferred income tax liabilities decreased by 100% to ¥0, mainly due to a reduction in the fair value of other equity instrument investments[16] - The company recorded a 58.66% increase in special reserves to ¥18,651,537.27, primarily due to increased provisions for safety production expenses[16] - The company reported a 79.41% decrease in credit impairment losses to -¥3,590,410.30, reflecting a reduction in credit impairment losses on loans and advances[16] - Inventory increased significantly from RMB 90.48 million to RMB 190.62 million[30] - Non-current assets totaled RMB 19.86 billion, up from RMB 18.95 billion[30]

1 证券代码：000685 证券简称：中山公用 公告编号：2022-067 中山公用事业集团股份有限公司 关于参加 2022 年广东辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 重要内容提示： 活动召开时间：2022年9月22日（星期四）15:50-16:50 活动召开地点："全景路演"网站（http://rs.p5w.net） 活动召开方式：网络文字互动方式 为进一步加强与投资者的互动交流，中山公用事业集团股份有限公司（以下简称"公 司"）将参加由中国证券监督管理委员会广东监管局、广东上市公司协会共同举办的"投 资者网上集体接待日"活动，现将有关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）参与本次互动交流，活动时间为2022年9月22日（星期四） 15:50-16:50。届时公司董事长郭敬谊先生、董事兼总经理黄著文先生、副总经理兼财 务负责人徐化群先生、董事会秘书周飞媚女士将通过网络互动方式与投资者进行沟通与 交流，欢迎广大投资者踊跃参与！ ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,049,163,839.33, a decrease of 8.77% compared to CNY 1,150,032,423.73 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 535,044,489.88, down 33.79% from CNY 808,126,105.28 year-on-year[23]. - The net cash flow from operating activities was negative CNY 43,768,082.28, a decline of 117.72% compared to CNY 246,973,075.96 in the previous year[23]. - Basic earnings per share decreased by 34.55% to CNY 0.36 from CNY 0.55 in the same period last year[23]. - The weighted average return on net assets was 3.49%, down from 5.63% in the previous year[23]. - The company achieved total assets of CNY 22.711 billion and net assets attributable to shareholders of CNY 15.185 billion, with a debt-to-asset ratio of 31.83% and a return on equity of 3.49%[53]. - For the first half of 2022, the company reported operating revenue of CNY 1.049 billion, a decrease of 8.77% year-on-year, and a net profit attributable to shareholders of CNY 535 million, down 33.79% year-on-year[53]. Asset Management - Total assets at the end of the reporting period were CNY 22,711,469,737.93, an increase of 0.98% from CNY 22,490,642,057.15 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 0.29% to CNY 15,185,485,878.27 from CNY 15,141,971,527.58 at the end of the previous year[23]. - Cash and cash equivalents decreased by ¥680,925,461.01, representing a 1,091.34% increase in cash outflow compared to the previous period[66]. - Long-term equity investments reached ¥13,056,468,567.01, accounting for 57.49% of total assets, slightly up from 57.48% last year[78]. - The company has pledged assets totaling ¥782,113,965.00, including cash and accounts receivable, as collateral for loans[81]. Investment and Financing - The company successfully issued CNY 500 million in ultra-short-term financing bonds, significantly reducing financing costs and securing loan credit from national policy banks for project development[49]. - The company raised a total of 3 billion yuan for the new energy fund, holding a 50% stake with an initial investment of 1.5 billion yuan, of which 187.5 million yuan has been paid as of the reporting period[87]. - The company has established a strategic investment and financing system in collaboration with various funds, enhancing its project acquisition and implementation capabilities[59]. - The company has invested 99.65 million yuan from the 2019 bond issuance, primarily for repaying bank loans and supplementing working capital[99]. - The company has cumulatively used 176.13 million yuan of the raised funds, with 31.81% of the funds from the 2015 non-public offering remaining unutilized[99]. Operational Developments - The company is actively involved in the construction of key projects, including the expansion of sewage treatment facilities with capacities of 100,000 tons/day and 200,000 tons/day[34]. - The company completed the renovation of 127 kilometers of old pipelines and upgraded water supply facilities in 10 old communities, enhancing water quality for urban residents[53]. - The company has ongoing projects in water supply network and sewage treatment plant expansions, contributing to the increase in construction in progress to ¥498,540,873.29, up from ¥209,611,581.80 last year[78]. - The company is currently involved in significant non-equity investments, including the expansion of sewage treatment facilities[88]. - The company has established a new subsidiary focused on solar energy technology services, with a 70% ownership stake[84]. Environmental Initiatives - The company is focused on environmental projects, including the expansion of sewage treatment plants and the improvement of agricultural waste management, demonstrating its commitment to social responsibility[53]. - The company has implemented measures to ensure water quality safety and public health, aligning with its commitment to improving living standards[163]. - The company has established emergency response plans to address potential water quality safety incidents[120]. - The company’s wastewater treatment plants are compliant with the first-level A discharge standards as per GB18918-2002 and DB44/26-2001[136]. - The company has reported no exceedances in pollutant discharge limits across its facilities[130]. Related Party Transactions - The company engaged in various related transactions, including property leasing and engineering construction, with amounts such as 479.74 million RMB for construction services and 1,410.17 million RMB for sludge treatment fees[187]. - The related transactions accounted for a small percentage of total transactions, with the highest being 9.19% for sludge treatment fees[187]. - The company utilized market price references for pricing principles in all related transactions[187]. - The company has not exceeded the approved transaction limits in any of the reported related transactions[187]. - The total actual transaction amount with all related parties in the first half of 2022 was RMB 4,267.24 million, with a total expected amount of RMB 5,860 million for the year[194].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 553,330,072.98, representing a 6.43% increase compared to CNY 519,894,371.36 in the same period last year[3] - Net profit attributable to shareholders decreased by 40.05% to CNY 192,492,015.95 from CNY 321,064,369.14 year-on-year[3] - Basic and diluted earnings per share fell by 40.91% to CNY 0.13 from CNY 0.22 in the same period last year[3] - Net profit for the quarter was ¥188,039,648.51, down 40.7% from ¥317,490,331.03 in the same period last year[30] - The total comprehensive income attributable to the parent company was 21,274,637.63, down from 221,821,398.69 in the previous period[32] - The company reported a total comprehensive income of 16,822,270.19 for the current period, compared to 218,247,360.58 in the previous period[32] Cash Flow - The net cash flow from operating activities was negative CNY 65,469,794.83, a decline of 162.16% compared to a positive CNY 105,316,497.27 in the previous year[3] - Total cash inflow from operating activities was 599,277,999.69, down from 687,422,331.18 in the previous period[34] - The total cash outflow from operating activities was 664,747,794.52, up from 582,105,833.91 in the previous period[34] - The cash flow from sales of goods and services was 476,379,372.14, down from 572,294,205.43 in the previous period[34] - The net cash flow from investing activities was 75,477,761.70, a recovery from -188,563,635.80 in the previous period[37] - Cash inflow from financing activities was 1,058,425,381.71, compared to 203,197,270.02 in the previous period, showing a substantial increase[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,316,989,480.06, a decrease of 0.77% from CNY 22,490,642,057.15 at the end of the previous year[3] - Total liabilities decreased to ¥6,851,605,377.26 from ¥7,043,738,231.23, a reduction of 2.7%[28] - Long-term borrowings increased to ¥442,398,868.51 from ¥389,275,999.15, reflecting a growth of 13.6%[28] - The company's cash and cash equivalents decreased to approximately ¥2.12 billion from ¥2.37 billion, a decline of about 10.4%[23] - The total cash and cash equivalents at the end of the period were 2,109,609,724.59, compared to 1,708,827,388.63 at the end of the previous period[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,324[9] - The company has a major shareholder, Zhongshan Zhonghui Investment Group Co., Ltd., holding 47.98% of shares, totaling approximately 707.76 million shares[12] - The company’s total equity attributable to shareholders increased slightly by 0.15% to CNY 15,164,938,603.35 from CNY 15,141,971,527.58 at the end of the previous year[3] - The total equity attributable to shareholders increased slightly to ¥15,164,938,603.35 from ¥15,141,971,527.58, an increase of 0.15%[28] Research and Development - Research and development expenses increased by 62.54% to CNY 8,266,690.67 from CNY 5,086,075.85 in the previous year[9] - Research and development expenses increased to ¥8,266,690.67, compared to ¥5,086,075.85, marking a rise of 62.9%[30] Investments and Partnerships - The company reported a significant decrease in investment income, down 49.52% to CNY 143,576,188.33 from CNY 284,448,816.82 year-on-year[9] - The company plans to establish a joint venture in the photovoltaic industry with a total investment of ¥15 billion[18] - The company is expanding its market presence through the establishment of a new energy industry fund[18] - The company has initiated a partnership with Yijing Optoelectronics Technology Co., Ltd. for distributed photovoltaic power station investment and operation[22] Inventory and Receivables - Accounts receivable increased to approximately ¥662.74 million from ¥524.08 million, reflecting a growth of about 26.4%[23] - Inventory rose to approximately ¥124.96 million, up from ¥90.48 million, indicating an increase of about 38%[23] - The company reported a significant increase in prepayments, rising to approximately ¥18.52 million from ¥13.93 million, a growth of about 33%[23]

Financial Performance - The company reported a total revenue of 1,475,111,351 shares, with a cash dividend distribution of 3.00 CNY per 10 shares (including tax) for all shareholders[5]. - The company's operating revenue for 2021 was approximately ¥2.37 billion, representing an increase of 8.58% compared to ¥2.18 billion in 2020[31]. - The net profit attributable to shareholders for 2021 was approximately ¥1.47 billion, up 6.61% from ¥1.37 billion in 2020[31]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.46 billion, reflecting a 7.65% increase from ¥1.36 billion in 2020[33]. - The total assets at the end of 2021 were approximately ¥22.49 billion, a 7.67% increase from ¥20.89 billion at the end of 2020[33]. - The company's basic and diluted earnings per share for 2021 were both ¥0.99, an increase of 6.45% from ¥0.93 in 2020[33]. - The weighted average return on equity for 2021 was 10.06%, slightly down from 10.12% in 2020[33]. - The company achieved a net cash flow from operating activities of ¥518,822,836.01, a decrease of 11.53% compared to the previous year[121]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥698,879,359.09, up 35.77% year-on-year[121]. Business Operations - The company has not experienced significant changes in its main business since its listing, maintaining a stable operational focus[27]. - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the report's approval[5]. - The company has outlined potential risks and strategies for future development in its management discussion and analysis section[5]. - The company operates 1 landfill and has the first-level qualification for solid waste treatment, with a focus on enhancing the efficiency of waste-to-energy processes[57]. - The company is focusing on a "dual-core dual-wheel" strategy to drive high-quality development in municipal and industrial environmental protection and new energy sectors[64]. - The company has established a strategic partnership with Guangfa Securities, holding a 10.33% stake, and has set up multiple funds for environmental mergers and acquisitions[63]. Environmental Commitment - The company has a commitment to environmental and social responsibility, as indicated in its annual report[12]. - The company reported a significant focus on the environmental protection industry, which is expected to maintain rapid growth due to increased government investment and regulatory support[46]. - The water services sector is highlighted as a key growth area, with government policies promoting infrastructure investment and digital transformation in the industry[47]. - The company is positioned to benefit from the "dual carbon" strategy, which aims to enhance water resource management and environmental governance[46]. - The company achieved an average daily water supply of 175.6 thousand tons and an average daily sewage treatment capacity of 83.7 thousand tons, serving a population of 4 million[57]. - The solid waste treatment capacity reached 792 thousand tons per year, with an annual power generation of 345 million kWh from waste incineration[57]. Investments and Acquisitions - The company acquired a 51% stake in Zhongshan Environmental Protection Science Research Institute, expanding its environmental technology consulting services[72]. - The company signed a contract to acquire a 51% stake in Zhongshan Environmental Protection Science Research Institute for ¥9,943,883.24, making it a subsidiary[99]. - The company has invested a total of ¥102,284,432.49 in various wastewater treatment projects during the reporting period, with a cumulative actual investment of ¥239,762,561.04[144]. - The company has committed to a total investment of ¥170,107,100.00 for the Lankai City Urban-Rural Drainage Integration Project, with ongoing funding from its own resources[145]. - The company has established a joint venture for the Min San Lian Wei watershed governance project with a bid amount of ¥2.8 billion, with total operational costs of ¥273 million over five years[140]. Financial Management - The company has established an independent financial department and maintains a separate financial accounting system, ensuring compliance with tax regulations[200]. - The company has a total of 4 independent directors, in accordance with the guidelines for establishing an independent director system in listed companies[193]. - The company has implemented a robust investor relations management strategy, utilizing multiple communication channels to enhance investor understanding and confidence[196]. - The company has maintained a clear separation from its controlling shareholder in terms of personnel, assets, finance, organization, and business operations[198]. - The company has not engaged in any related party transactions that could compromise fairness and reasonableness[192]. - The company has strengthened insider information management, ensuring compliance with regulations regarding insider information disclosure[198]. Project Development - The company has actively engaged in communication with public investors regarding its operational development during the reporting period[188]. - The company has faced delays in project completion due to site planning issues, affecting the expected revenue timeline[144]. - The company has not generated any revenue from the ongoing projects due to trial operations and pending approvals[144]. - The company has adjusted the fundraising project allocations, reallocating CNY 28,605.97 million from the Dongfeng Xinghua Agricultural Market Upgrade and Phase II of the Agricultural Products Trading Center to the garbage treatment project due to changes in feasibility[155]. - The company reported that the Huangpu Agricultural Market Upgrade project did not meet expected benefits due to disputes over rental income with the tenant[154].

中山公用事业集团股份有限公司 2021 年第三季度报告 证券代码：000685 证券简称：中山公用 公告编号：2021-075 中山公用事业集团股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈 述或者重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度报告是否经过审计：□ 是 √ 否 一、主要财务数据 （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 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|--------------------------|--- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,150,032,423.73, representing an increase of 28.91% compared to CNY 892,097,511.46 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 808,126,105.28, up 14.93% from CNY 703,172,318.41 year-on-year[22]. - The net cash flow from operating activities reached CNY 246,973,075.96, a significant increase of 93.99% compared to CNY 127,313,101.06 in the previous year[22]. - Basic earnings per share rose to CNY 0.55, reflecting a 14.93% increase from CNY 0.48 in the same period last year[22]. - Total assets at the end of the reporting period were CNY 21,560,629,093.15, an increase of 3.22% from CNY 20,888,502,511.54 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 14,340,718,940.07, up 1.88% from CNY 14,075,436,434.05 at the end of the previous year[22]. - The company reported a government subsidy income of CNY 7,474,970.85, primarily related to government support[25]. - The company experienced a loss of CNY 1,792,554.68 from the disposal of fixed assets during the reporting period[25]. - The weighted average return on net assets was 5.63%, an increase of 0.40% compared to 5.23% in the previous year[22]. Revenue Segments - The environmental water service segment achieved operating revenue of 500.22 million yuan, an increase of 85.72 million yuan, or 20.7% year-on-year, due to the recovery from the pandemic and increased local water sales and sewage treatment volume[44]. - The solid waste treatment segment generated operating revenue of 104.24 million yuan, a year-on-year increase of 38.98 million yuan, or 59.7%, driven by increased waste processing and power generation[44]. - The sanitation service segment reported operating revenue of 97.92 million yuan, indicating stable revenue growth, with five new sanitation project bids totaling over 100 million yuan[45]. - The company's main business revenue from water supply reached ¥340,834,945.25, representing a year-on-year increase of 13.10%[61]. - Wastewater and waste liquid treatment revenue increased to ¥159,383,951.43, with a significant year-on-year growth of 40.87% attributed to increased operational capacity[63]. - Engineering installation revenue surged to ¥223,591,735.09, marking a 75.63% increase year-on-year due to higher project settlements[63]. - The company's total revenue from garbage treatment and power generation was ¥104,241,299.41, reflecting a year-on-year increase of 59.72% driven by higher processing and generation volumes[63]. Investments and Strategic Initiatives - The company holds a 87.5% stake in a micro-loan company and has established a strategic partnership with Guangfa Securities, enhancing its investment returns[39]. - The company has invested in multiple projects across Beijing, Zhejiang, Shandong, Anhui, and Inner Mongolia, laying a solid foundation for future growth[33]. - The company aims to optimize its governance structure and improve operational efficiency through revised rules and performance assessment mechanisms[41]. - The company has invested ¥21,714,946.79 in R&D, reflecting a slight increase of 1.31% from ¥21,434,946.76 in the previous year[51]. - The company has developed advanced technology in water management, including a nationally recognized water quality testing center and a smart water management platform[50]. - The company aims to leverage opportunities in the environmental industry, focusing on carbon neutrality and resource recovery as part of its strategic transformation[46]. Environmental Management - The company emphasizes water quality safety, maintaining industry-leading water quality testing facilities and advanced technologies to ensure compliance with national health standards[94]. - The company reported a total wastewater discharge of 28.60 million tons, with COD emissions of 2920 tons and total nitrogen emissions of 1095 tons[105]. - The company’s wastewater treatment facilities have been recognized for their stable operation and compliance with national standards since their commissioning[10]. - The company has implemented a biological deodorization system in its wastewater treatment process, which has shown effective results in treating waste gas[8]. - The company has completed the construction of a sludge storage tower in June 2021, improving sludge transportation efficiency and ensuring stable operation of the wastewater treatment system[4]. - The company has established a management framework and operational procedures to ensure the stable operation of wastewater treatment facilities, contributing to economic benefits and energy savings[6]. Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[4]. - The company has no significant asset or equity sales during the reporting period[85]. - The company has no significant litigation or arbitration matters during the reporting period[145]. - The company has no violations regarding external guarantees during the reporting period[142]. - The company has a good integrity status with no unfulfilled court judgments or significant overdue debts[146]. - The company has committed to a long-term equity incentive plan for management to align interests with shareholders[141]. Related Party Transactions - The company engaged in related party transactions, including property leasing and water procurement, with amounts such as 63.33 thousand CNY for property rental from a controlling shareholder[148]. - The company reported a total revenue of 28,194,734.86 CNY related to a construction contract dispute, with the amount involved being 2,819.47 thousand CNY[145]. - The company expects daily related transactions with Zhongshan Zhonghui Investment Group to not exceed RMB 13.7 million in 2021, with actual transactions amounting to RMB 1.6748 million in the first half of the year[154]. - The total amount of related transactions for the company in 2021 is projected to be RMB 41.64 million, with 4,880 transactions planned[156]. Social Responsibility - The company is actively involved in social responsibility initiatives, including volunteer services for the elderly and disabled, enhancing community relations[132]. - The company provided rental discounts totaling approximately 1.16 million yuan to five poverty alleviation enterprises in its agricultural product trading center[133]. - The company has received no administrative penalties for environmental issues during the reporting period, indicating compliance with regulations[129].

Financial Performance - The company's operating revenue for Q1 2021 was ¥519,894,371.36, representing a 34.95% increase compared to ¥385,249,480.81 in the same period last year[9]. - The net profit attributable to shareholders was ¥321,064,369.14, up 44.44% from ¥222,274,521.84 year-on-year[9]. - Basic earnings per share rose to ¥0.22, reflecting a 44.44% increase from ¥0.15 in the same period last year[9]. - The company's operating revenue increased by 34.95% year-on-year to CNY 519,894,371.36, primarily due to reduced impact from the pandemic[21]. - The net cash flow from operating activities improved significantly by 430.40% to CNY 105,316,497.27, driven by increased operating income[24]. - The company reported a net investment income of 284,448,816.82, up from 232,517,728.99, indicating an increase of approximately 22.3%[85]. - The total profit for the current period was 332,769,399.05, compared to 225,384,812.02 in the previous period, an increase of approximately 47.5%[85]. Assets and Liabilities - Total assets at the end of the reporting period were ¥21,232,967,258.89, marking a 1.65% increase from ¥20,888,502,511.54 at the end of the previous year[9]. - The company's total assets amounted to ¥17,748,557,179.41, up from ¥17,571,702,504.35, indicating a growth of about 1%[75]. - Total liabilities increased to ¥6,623,043,753.07 from ¥6,498,566,362.43, reflecting a rise of approximately 1.9%[71]. - The company's total equity stood at 14,389,936,149.11 CNY, indicating stability in shareholder value despite the cash outflows[113]. - The total amount of accounts payable was CNY 60,119,209.01, reflecting the company's obligations to suppliers[119]. Cash Flow - The net cash flow from operating activities reached ¥105,316,497.27, a significant increase of 430.40% compared to a negative cash flow of ¥31,875,700.94 in the previous year[9]. - Cash inflows from operating activities totaled CNY 687,422,331.18, up from CNY 480,049,379.33 in the prior period, indicating a growth of approximately 43.2%[98]. - Cash outflows from investing activities were CNY 275,122,545.49, down from CNY 879,039,726.72, showing a reduction of about 68.7%[101]. - The ending balance of cash and cash equivalents was CNY 1,708,827,388.63, up from CNY 1,089,402,123.17 in the previous period[104]. - The financing activities generated a net cash flow of -52,894,875.00 CNY, primarily due to dividend payments of 53,289,157.96 CNY[108]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,642[14]. - The top shareholder, Zhongshan Zhonghui Investment Group Co., Ltd., held 47.98% of the shares, totaling 707,760,884 shares[14]. - The company has a dividend payable of CNY 9,590,911.17, indicating a commitment to return value to shareholders[119]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥5,909,045.10 during the reporting period, primarily related to business operations[9]. - Other income surged by 822.08% to CNY 5,846,235.10, attributed to increased government subsidies[24]. - The company's other comprehensive income decreased to ¥683,870,153.03 from ¥783,113,123.48, a decline of about 12.7%[71]. Investments and Projects - The company has invested RMB 28,605.97 million in the expansion project of the waste incineration power plant, exceeding the planned investment by RMB 703.52 million due to interest income from raised funds[46]. - The progress of the agricultural product trading center project reached 66.89% completion as of March 31, 2021, with a total investment of RMB 22,635.81 million[43]. - The company reported a cumulative investment of RMB 73,710.23 million in various projects, with an overall investment progress of 85.17%[45]. Compliance and Management - The company has maintained compliance with regulations regarding the management and use of raised funds, with no violations reported[39]. - The company plans to continue optimizing its debt structure and managing interest expenses effectively with the raised funds[51]. - The company has entrusted financial management with a total amount of 10,500,000 RMB, with an outstanding balance of 7,500,000 RMB[54].

Financial Performance - The company reported a total revenue of 1,475,111,351 shares, with a cash dividend distribution of 2.80 RMB per 10 shares (including tax) for all shareholders[4]. - The company's operating revenue for 2020 was ¥2,183,314,219.64, a decrease of 1.63% compared to 2019[23]. - Net profit attributable to shareholders for 2020 was ¥1,374,779,190.61, representing a 31.38% increase from the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥1,357,938,353.52, up 32.60% year-on-year[23]. - The basic and diluted earnings per share for 2020 were both ¥0.93, reflecting a 31.38% increase compared to ¥0.71 in 2019[26]. - The company achieved total assets of CNY 20.889 billion and net assets attributable to shareholders of CNY 14.075 billion, with a debt-to-asset ratio of 31.11% and a return on equity of 10.12%[72]. - In 2020, the company reported operating revenue of CNY 2.183 billion, a year-on-year decrease of 1.63%, while net profit attributable to shareholders increased by 31.38% to CNY 1.375 billion[72]. Profit Distribution - The board of directors has approved a profit distribution plan, indicating a commitment to returning value to shareholders[4]. - The company plans to distribute a cash dividend of 2.80 CNY per 10 shares, totaling 413,031,178.28 CNY for the year 2020[198]. - In 2020, the company's net profit attributable to shareholders was 1,374,779,190.61 CNY, with a cash dividend payout ratio of 30.04%[199]. - The total distributable profit for the year was 5,432,290,014.23 CNY, with cash dividends representing 100% of the profit distribution[198]. - The company has a policy that mandates a minimum cash dividend ratio of 40% if there are significant capital expenditures during the mature development stage[192]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 2.50 CNY per 10 shares in 2019 and 1.39 CNY in 2018[194]. Operational Efficiency - The company has not experienced significant changes in its main business since its listing, maintaining a stable operational structure[20]. - The company is enhancing its operational efficiency by promoting technology application and accelerating the transformation of research outcomes[182]. - The company is exploring innovative business models to adapt to market competition and improve management efficiency[182]. - The company is committed to enhancing its core competitiveness through technology innovation and has initiated a three-year talent action plan to improve workforce efficiency[181]. Investment and Assets - The company's total assets at the end of 2020 were ¥20,888,502,511.54, an increase of 9.18% from the end of 2019[26]. - The net assets attributable to shareholders increased to ¥14,075,436,434.05, a rise of 7.18% compared to the previous year[26]. - The company invested 280 million yuan to establish a private equity investment fund, enhancing its investment capabilities[60]. - The company made a significant equity investment of ¥280,000,000 in Zhongshan Guangfa Xinde Zhiyuan Technology Venture Capital Partnership, holding a 46.67% stake[119]. - The total amount of restricted assets at the end of the reporting period was ¥1,204,834,919.22, including cash, accounts receivable, and intangible assets[3]. Revenue Streams - The revenue from sewage and waste liquid treatment increased by 78.27% year-on-year, primarily due to the increase in sewage treatment projects and volumes[77]. - The revenue from garbage treatment and power generation surged by 154.28% year-on-year, mainly due to the operation of the Tianyi Energy Phase III project[77]. - The total operating revenue for the water supply segment was ¥675,054,427.28, a decrease of 4.64% year-over-year[81]. - The wastewater and waste liquid treatment segment saw an operating revenue of ¥284,679,767.93, with a significant increase of 78.27% year-over-year[81]. - The garbage treatment and power generation revenue increased by 154.28% year-over-year, totaling ¥182,692,749.15[81]. Research and Development - R&D expenses surged by 105.45% to ¥68,890,502.34, reflecting increased investment in research and development[99]. - The company increased its R&D personnel from 238 in 2019 to 377 in 2020, representing a growth of 58.40%[103]. - R&D investment rose significantly by 105.45% from approximately ¥33.53 million in 2019 to ¥68.89 million in 2020, accounting for 3.16% of operating revenue[103]. Challenges and Market Conditions - Revenue from passenger transport services plummeted by 88.86% year-on-year, largely due to the impact of the pandemic on passenger volumes[77]. - The company’s cash flow from operating activities has been negative for two consecutive years, which restricts high dividend payouts[190]. - The solid waste treatment market is expected to see increased demand due to stricter environmental regulations, indicating substantial growth potential during the 14th Five-Year Plan[174]. Strategic Planning - The company has initiated a development strategy planning for 2021-2026, focusing on clear positioning and direction based on national policies and market trends[59]. - The company is set to implement a new strategic development framework from 2021 to 2026, emphasizing ecological and resource solutions[178]. - The company plans to focus on strategic directions and invest heavily in expanding its core business areas, aiming for breakthroughs in local operations and efficiency improvements[179]. - The company is leveraging its geographical advantages in the Greater Bay Area to strengthen its market position and capitalize on national development strategies[178].