Financial Performance - The company's operating revenue for 2021 was CNY 3,060,920,582.10, a decrease of 1.77% compared to CNY 3,116,167,855.88 in 2020[21] - The net profit attributable to shareholders of the listed company was CNY 135,578,775.96, representing an increase of 1.66% from CNY 133,362,673.35 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 120,285,052.66, a significant increase of 63.97% compared to CNY 73,358,101.16 in 2020[21] - Basic earnings per share increased by 1.64% to CNY 0.1367 from CNY 0.1345 in the previous year[22] - Total assets grew by 14.30% to CNY 8,111,490,732.03 compared to CNY 7,096,887,426.61 at the end of the previous year[22] - The company faced uncertainty regarding its ability to continue as a going concern, as indicated in the audit report[22] - The company achieved a consolidated revenue of CNY 3,060.92 million in 2021, with a net profit attributable to the parent company of CNY 1,355.79 million, showing a slight increase compared to the previous year[45] - The net profit excluding non-recurring gains and losses was CNY 1,202.85 million, representing a year-on-year growth of 63.97%[45] Cash Flow and Investments - The net cash flow from operating activities was CNY -908,344,210.94, a decline of 408.15% from CNY 294,772,258.97 in the previous year[21] - The company reported a net cash flow from operating activities of -CNY 400,624,581.01 in Q1 2021, indicating cash flow challenges[24] - The total cash inflow from investment activities decreased by 58.74% to ¥28,496,445.40[72] - The total cash outflow from investment activities decreased by 79.96% to ¥309,475,293.97[72] - The cash and cash equivalents decreased by ¥409,468,812.19 during the reporting period[72] - The company has a total investment of CNY 4.90 billion planned for new land acquisition projects[41] Strategic Initiatives - The company has adjusted its strategic planning to include new industry layouts in new energy, ecological environment, green construction, and low-carbon travel[19] - The company is focusing on expanding its business in urban infrastructure, including water services, automotive trade, real estate, and engineering construction[19] - The company is positioned to benefit from supportive policies in the renewable energy sector, which is expected to drive future growth opportunities[28] - The company established a new energy segment as part of its "14th Five-Year" strategic development, including a 5GW photovoltaic component project and an 80% stake acquisition in a solar power station[33] - The company is actively expanding its new energy business, focusing on photovoltaic industries as a breakthrough point[46] Operational Performance - In 2021, the water segment achieved a total water supply of 113.17 million tons, a year-on-year increase of 7.18%, and a total sales volume of 83.39 million tons, up 8.67%[34] - The wastewater treatment volume reached 95.71 million tons, reflecting a significant year-on-year growth of 36.04%[34] - The automotive segment reported revenue of 1.572 billion yuan, representing a year-on-year increase of 4.32%, but net profit was a loss of 57.46 million yuan due to market decline and brand shutdowns[36] - The real estate segment generated revenue of 308 million yuan, a decrease of 7.78% year-on-year, while net profit remained stable at 72.18 million yuan[40] Corporate Governance - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[4] - The company is under the supervision of Huaxing Certified Public Accountants, ensuring compliance and transparency in its financial reporting[20] - The company has established a comprehensive governance structure and has revised or formulated 13 governance systems to enhance operational standards[130] - The company maintains independence from its controlling shareholder, ensuring separate personnel, assets, and financial management[132] - The company has a complete and independent organizational structure, allowing it to operate without interference from the controlling shareholder[133] Management and Leadership Changes - In March 2021, the company experienced management changes with the resignation of Vice Chairman Lin Fenmian and Vice General Manager Xu Haorong due to work-related reasons[137] - In September 2021, Chairman Lai Shaoxiong resigned from his position, and Wu Ziyi was elected as the new Chairman on October 13, 2021[138] - The company reported a total of 6 board members and supervisors changed during the 2021 fiscal year, with several being elected or resigning due to term completion[138] - The current Chairman Wu Ziyi has a background in government and agricultural development, having served in various leadership roles prior to his election[139] Environmental and Social Responsibility - The company actively participates in social responsibility initiatives, including poverty alleviation and rural revitalization projects, contributing to local community development[189] - The company has implemented a centralized monitoring system for wastewater treatment, ensuring compliance with discharge standards[181] - The company has established emergency response plans for environmental incidents, with updates filed with local environmental authorities[183] - The company published its 15th social responsibility report in 2021, detailing efforts towards sustainable development[187] Compliance and Regulatory Matters - The company has not reported any significant measures taken to reduce carbon emissions during the reporting period[187] - The company has committed to timely and accurate disclosure of significant information affecting investors, subject to supervision by regulatory authorities[194] - The company’s self-examination report confirmed no ongoing investigations or penalties related to its real estate activities[195] - The company has agreed to compensate for any losses incurred by investors due to undisclosed illegal activities related to real estate operations[195]

Financial Performance - The company's operating revenue for the third quarter was ¥605,765,062.83, a decrease of 8.22% compared to the same period last year[4] - The net profit attributable to shareholders was ¥19,310,437.24, an increase of 2.20% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,260,761.85, up 33.37% year-on-year[4] - The total revenue for the current period was CNY 1,828,457,546.84, a decrease from CNY 1,856,448,410.47 in the previous period[18] - The net profit for Q3 2021 was CNY 85,144,735.52, an increase of 4.1% compared to CNY 80,811,439.29 in Q3 2020[19] - The company reported a total comprehensive income of CNY 77,726,648.58, significantly higher than CNY 35,710,267.78 in Q3 2020[20] - Basic and diluted earnings per share increased to CNY 0.0865 from CNY 0.0798 year-over-year[20] Cash Flow and Liquidity - The cash flow from operating activities showed a net outflow of ¥510,247,424.27, a decrease of 323.00% compared to the previous year[4] - The net cash flow from operating activities was negative at CNY -510,247,424.27, compared to a positive CNY 228,806,208.66 in the same period last year[22] - The cash and cash equivalents decreased to CNY 497,075,936.82 from CNY 941,909,815.98 at the end of 2020, reflecting a significant reduction in liquidity[14] - The cash and cash equivalents at the end of the period were CNY 451,970,323.38, down from CNY 1,089,289,521.92 at the end of Q3 2020[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,552,506,739.08, an increase of 6.42% from the end of the previous year[4] - The company's total liabilities as of September 30, 2021, were CNY 4,930,611,653.02, compared to CNY 4,525,995,682.45 at the end of 2020, indicating a rise in liabilities[16] - The company's inventory increased to CNY 1,488,592,562.17 from CNY 1,220,547,515.40, indicating a rise in stock levels[14] - The long-term borrowings increased to CNY 1,485,825,357.13 from CNY 1,020,930,000.00, suggesting a higher reliance on long-term financing[16] - The company’s total liabilities increased, with a significant rise in borrowings to CNY 1,608,811,669.56 from CNY 1,599,124,479.75 year-over-year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,504[10] - The largest shareholder, Fujian Zhanglong Group Co., Ltd., held 27.55% of the shares[11] Business Developments - The company reported a significant increase in net profit from engineering construction business, contributing to the growth in net profit attributable to shareholders[8] - The company established Fujian Zhangfa New Energy Investment Co., Ltd. in August 2021 with a registered capital of CNY 100 million, focusing on investment activities and renewable energy services[15] - In October 2021, the company signed an equity transfer agreement to acquire 55% of Fujian Zhanzheng New Construction Group Co., Ltd. for CNY 0, which holds significant construction qualifications[15] Accounting and Standards - The company has not conducted an audit for the third quarter report[28] - The company implemented a new leasing standard effective January 1, 2021, impacting retained earnings and related financial statement items[28]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,222,692,484.01, representing a 2.20% increase compared to CNY 1,196,407,033.28 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 66,447,519.82, an increase of 10.35% from CNY 60,216,525.60 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 423.74% to CNY 47,660,375.80 from CNY 9,099,951.55 in the previous year[18]. - The basic earnings per share increased by 10.38% to CNY 0.0670 from CNY 0.0607 in the same period last year[18]. - The company's total revenue for the reporting period was ¥1,222,692,484.01, representing a year-over-year increase of 2.20% compared to ¥1,196,407,033.28 in the same period last year[36]. - The company's net profit for the first half of 2021 was not explicitly stated but can be inferred from the increase in retained earnings, which rose to CNY 694,121,816.66 from CNY 516,248,885.14 in the previous year, indicating a significant improvement[150]. - The company's net profit for the current period is CNY 133,362,673.35, which is a positive indicator of performance[170]. Asset and Liability Management - The company's total assets increased by 4.07% to CNY 7,385,779,395.41 compared to CNY 7,096,887,426.61 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company rose by 1.18% to CNY 2,491,690,788.63 from CNY 2,462,582,278.02 at the end of the previous year[18]. - Cash and cash equivalents decreased by 5.84% to CNY 549.11 million, accounting for 7.43% of total assets[47]. - Accounts receivable increased to CNY 461.24 million, representing 6.24% of total assets, up from 5.42%[47]. - Inventory rose by 18.66% to CNY 1.45 billion, now 19.61% of total assets[47]. - Short-term borrowings increased by 20.14% to CNY 788.93 million, making up 10.68% of total assets[47]. - Long-term borrowings increased by 31.14% to CNY 1.34 billion, representing 18.13% of total assets[47]. - The total liabilities and equity amounted to CNY 7,385,779,395.41 as of June 30, 2021, up from CNY 7,096,887,426.61 at the end of 2020, indicating a growth of about 4.1%[147]. Cash Flow Analysis - The net cash flow from operating activities was negative at CNY -454,438,608.12, a decline of 285.66% compared to CNY 244,775,281.57 in the previous year[18]. - The net cash flow from investing activities improved to -¥409,175,967.47 from -¥859,686,850.19, indicating reduced investment outflows[36]. - The net cash flow from financing activities decreased by 36.25% to ¥502,984,523.86 from ¥788,934,853.36, primarily due to a reduction in bank loans obtained[36]. - The company experienced a net cash outflow from operating activities of CNY -454,438,608.12, contrasting with a net inflow of CNY 244,775,281.57 in the first half of 2020[160]. - The cash inflow from operating activities was 233,087,155.35 yuan in the first half of 2021, down from 421,319,064.11 yuan in the first half of 2020, reflecting a decline of about 44.6%[163]. Business Segment Performance - The water business achieved operating revenue of 223 million yuan, a year-on-year increase of 22.67%, driven by increased water sales and the operation of new sewage treatment projects[25]. - The automotive business reported operating revenue of 748 million yuan, a year-on-year growth of 16.89%, despite a net loss of 17.41 million yuan due to brand adjustments and inventory clearance[26]. - The real estate business generated operating revenue of 95.31 million yuan, a decline of 39.69% year-on-year, primarily due to most projects being in the construction phase[29]. - The engineering construction business generated revenue of CNY 202 million, a decrease of 17.21% year-on-year, mainly due to reduced income from urban river remediation projects[32]. Investment and Project Development - The company is actively participating in land bidding activities and managing project quality, progress, safety, and costs effectively in the real estate sector[29]. - The company has made significant progress in expanding its water supply area through urban-rural integration projects, securing contracts for 20 years of operation and maintenance[25]. - The company is involved in multiple ongoing projects, including the South Jin County rural sewage treatment facility with a total investment of CNY 67.41 million[54]. - The company participated in the PPP project for the comprehensive treatment of urban river water environment in Zhangzhou, with a total estimated investment of CNY 2.718 billion[56]. Corporate Governance and Compliance - The company has not reported any significant penalties or corrective actions during the reporting period[106]. - The company has not engaged in any major related party transactions during the reporting period[107]. - The company has not sold any significant assets or equity during the reporting period[79]. - The company has received necessary environmental approvals for its projects, with the latest approvals obtained in 2020[95]. Shareholder and Equity Information - The company distributed a cash dividend of CNY 0.30 per share, totaling CNY 29,744,432.13, as approved in the 2020 annual shareholders' meeting[88]. - The company’s total shares remain at 991,481,071, with no changes in the shareholding structure reported[129]. - The largest shareholder, Fujian Zhanglong Group Co., Ltd., holds 27.55% of shares, totaling 273,180,885 shares[132]. - The total number of common shareholders at the end of the reporting period is 56,205[131]. Environmental and Social Responsibility - The company actively participates in local poverty alleviation and rural revitalization efforts, including water supply integration projects[100]. - Environmental monitoring is conducted by third-party companies, ensuring compliance with discharge standards[97]. - The company has implemented emergency response plans for environmental incidents, with updates currently in progress[96].

证券代码：000753 证券简称：漳州发展 公告编号：2021-019 福建漳州发展股份有限公司 关于参加 2021 年度福建上市公司 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，不 存在虚假记载、误导性陈述或者重大遗漏。 为了进一步加强与投资者的互动交流，使广大投资者能更深入全 面地了解福建漳州发展股份有限公司（以下简称公司）的情况，本公 司将参加由福建证监局与福建省上市公司协会、深圳市全景网络有限 公司举行的"2021年度福建上市公司投资者网上集体接待日活动"。 现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公 司提供的网上平台采取网络远程的方式进行，投资者可以登录"全景 网投资者关系互动平台"（http://ir.p5w.net）参与本次投资者网 上集体接待日活动，网上互动交流时间为2021年5月14日（星期五） 15:30-17:00。 欢迎广大投资者积极参与。 特此公告。 福建漳州发展股份有限公司董事会 二○二一年五月十一日 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥641,184,465.39, representing a 32.13% increase compared to ¥485,282,593.14 in the same period last year[7]. - The net profit attributable to shareholders was ¥33,122,802.32, a 2.97% increase from ¥32,168,014.86 year-on-year[7]. - The basic earnings per share for the period was ¥0.0334, reflecting a 3.09% increase from ¥0.0324 in the same period last year[7]. - The net profit for the first quarter of 2021 was CNY 33,368,554.28, an increase from CNY 32,460,653.45 in the same period last year, representing a growth of approximately 2.8%[35]. - The total profit for the first quarter was CNY 42,097,714.05, compared to CNY 37,348,335.48 in the previous year, indicating an increase of about 12.4%[35]. - The company's operating profit for the first quarter was CNY 41,439,808.86, an increase from CNY 37,149,637.94 in the same period last year, representing a growth of about 8.5%[35]. - The company reported a net profit of CNY 56,523,771.39 for Q1 2021, compared to CNY 6,996,718.69 in Q1 2020, indicating a significant increase in profitability[34]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥400,624,581.01, a significant decrease of 967.24% compared to a positive cash flow of ¥46,195,522.05 in the previous year[7]. - Cash inflow from financing activities increased by 91.45% to CNY 824.34 million, compared to CNY 430.58 million in the previous period[15]. - Operating cash inflow totaled CNY 787,055,615.54, an increase of 7.4% compared to CNY 732,511,715.49 in the previous period[41]. - Net cash flow from operating activities was negative at CNY -400,624,581.01, a significant decline from CNY 46,195,522.05 in the previous period[41]. - Cash inflow from loans received was CNY 807,272,313.10, compared to CNY 373,060,068.70 in the previous period[42]. - Total cash and cash equivalents at the end of the period were CNY 622,722,807.26, down from CNY 985,638,036.71 in the previous period[42]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,299,236,061.97, up 2.85% from ¥7,096,887,426.61 at the end of the previous year[7]. - The company's total liabilities increased to CNY 4,693,268,215.01 in Q1 2021, compared to CNY 4,525,995,682.45 in Q4 2020, representing a rise of 3.7%[28]. - The company's equity attributable to shareholders rose to CNY 2,497,412,628.86 in Q1 2021 from CNY 2,462,582,278.02 in Q4 2020, an increase of 1.4%[29]. - The company’s total liabilities included short-term borrowings of CNY 656,385,562.41[47]. - Total liabilities amounted to CNY 4,525,995,682.45, with current liabilities at CNY 3,046,568,857.12 and non-current liabilities at CNY 1,479,426,825.33[49]. Shareholder Information - The top shareholder, Fujian Zhanglong Group Co., Ltd., holds 27.55% of the shares, totaling 273,180,885 shares[10]. - The total number of ordinary shareholders at the end of the reporting period was 57,685[10]. Investment and Future Plans - The company plans to focus on "green smart city construction" and aims to become a leading urban operation service provider[16]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34]. Other Financial Metrics - The weighted average return on net assets was 1.34%, slightly down from 1.36% in the previous year[7]. - The company reported a significant other comprehensive income of CNY 1,707,548.52, recovering from a loss of CNY -46,693,407.56 in the previous year[36]. - The tax expense for the first quarter was CNY 8,729,159.77, compared to CNY 4,887,682.03 in the previous year, indicating an increase of approximately 78.5%[35]. - The company reported a credit impairment loss of CNY -20,483,203.92, worsening from CNY -16,003,488.35 year-over-year[35].

Financial Performance - The company's operating revenue for 2020 was CNY 3,116,167,855.88, representing a 9.58% increase compared to CNY 2,843,711,346.25 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 133,362,673.35, an increase of 28.68% from CNY 103,640,155.92 in 2019[18]. - Basic earnings per share for 2020 were CNY 0.1345, up 28.71% from CNY 0.1045 in 2019[19]. - The weighted average return on equity for 2020 was 5.46%, an increase from 4.48% in 2019[19]. - The company reported a 5.19% increase in net profit after deducting non-recurring gains and losses, amounting to CNY 73,358,101.16 in 2020[18]. - The total non-recurring gains for 2020 amounted to CNY 60,004,572.19, significantly higher than the previous year, driven by government subsidies and asset disposals[23]. - In 2020, the company achieved a net profit of CNY 29,853,092.78, with a total distributable profit of CNY 516,248,885.14 for shareholders[126]. Cash Flow and Assets - The net cash flow from operating activities decreased by 46.81% to CNY 294,772,258.97 in 2020, down from CNY 554,141,121.85 in 2019[18]. - Total assets at the end of 2020 reached CNY 7,096,887,426.61, a 29.05% increase from CNY 5,499,428,827.34 at the end of 2019[19]. - The company's cash and cash equivalents decreased by 282.70%, resulting in a net decrease of CNY 375,930,419.80[71]. - The proportion of monetary funds to total assets decreased by 10.25%, from 23.52% at the beginning of the year to 13.27% at the end of the year[74]. - The accounts receivable increased significantly, accounting for 5.42% of total assets, up from 2.26% in the previous year[74]. Business Segments - The water supply business covers over 90% of the total water supply in Zhangzhou, with ongoing projects to enhance urban water supply integration[25]. - The automotive business faced challenges due to COVID-19 but managed to secure agency rights for logistics vehicles, indicating a strategic pivot towards new business models[26]. - The real estate segment successfully sold out residential units in the Zhangfa Mingdu project, achieving over 90% sales in commercial spaces of the Shangshui Mingdu project[27]. - The engineering construction business generated revenue of CNY 7.29 billion in 2020, up 80.45% year-on-year, with a net profit of CNY 55.65 million, an increase of 77.20%[43]. - The water business achieved an operating income of 667 million yuan, a year-on-year increase of 64.88%, primarily due to increased revenue from the second water source and sewage treatment fees[34]. - The automotive business reported an operating income of 1.504 billion yuan, a year-on-year decrease of 7.16%, with a net profit of -46.38 million yuan, mainly due to declining sales and reduced manufacturer rebates[35]. - The real estate business generated an operating income of 334 million yuan, down 41.91% year-on-year, with a net profit of 72.52 million yuan, attributed to most projects being in the construction phase[39]. Investments and Projects - The company increased its fixed assets due to the completion of the second water plant expansion, reflecting ongoing investment in infrastructure[29]. - The company actively participated in land auctions, acquiring a new plot of 30,400 square meters, which will support future development projects[27]. - The company has ongoing investments in various water treatment projects, with significant funding sourced from both self-owned capital and bank financing[79]. - The total investment amount for the reporting period was ¥185,618.03 million, representing a 41.54% increase from ¥131,136.40 million in the previous year[77]. - The company has initiated the construction of 202 drainage renovation projects, with 170 currently under construction and 432 completed[84]. Corporate Governance and Compliance - The company emphasizes strict internal control management and corporate governance to ensure healthy and sustainable development[33]. - The company has pledged to disclose all significant information affecting investors in a timely and accurate manner, adhering to regulatory oversight[134]. - The company has committed to maintaining transparency and integrity in its financial reporting, avoiding any misleading information that could affect stock prices[134]. - The company has not disclosed any undisclosed penalties or investigations related to illegal activities during the reporting period[135]. - The company’s financial report did not receive a non-standard audit report from the accounting firm[137]. Future Plans and Strategic Focus - The company plans to distribute a cash dividend of CNY 0.30 per share, totaling CNY 29,744,432.13, which represents 22.30% of the net profit attributable to ordinary shareholders[127]. - The strategic focus for 2021 includes four major business areas: smart water services, ecological environmental protection, low-carbon travel, and green construction[115]. - The company aims to enhance its smart water management and service precision to ensure urban water supply safety and expand profitability in the water service sector[118]. - The company plans to leverage existing resources for urban development and old city renovation projects to enhance its core competitiveness in green construction[116]. - The company is committed to expanding its market presence in the water services sector, which is supported by national policies[112]. Environmental Responsibility - The company has established emergency response plans for environmental incidents, with updates expected in 2021[174]. - The company has engaged third-party monitoring services for environmental compliance across its subsidiaries[175]. - The company’s wastewater treatment facilities are equipped with central control systems for real-time monitoring of discharge indicators[170]. - The company is actively pursuing technology upgrades in its wastewater treatment processes to enhance efficiency[172]. - The company and its subsidiaries are classified as key pollutant discharge units by environmental protection authorities[167].

福建漳州发展股份有限公司 2020 年第三季度报告全文 福建漳州发展股份有限公司 2020 年第三季度报告 2020 年 10 月 1 福建漳州发展股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，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。 公司负责人赖绍雄、主管会计工作负责人林阿头、总会计师高添金及会计 机构负责人陈辉明声明：保证季度报告中财务报表的真实、准确、完整。 2 福建漳州发展股份有限公司 2020 年第三季度报告全文 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 6,291,352,267.67 | 5,499,428,827.34 | | 14.40% | | 归属于上市公司股东的净资产（元） | 2,409,825,797.05 | 2,375,815,532.04 | | 1.43% | | | 本报告 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,196,407,033.28, a decrease of 9.84% compared to ¥1,326,914,306.32 in the same period last year[17]. - The net profit attributable to shareholders of the listed company increased by 35.63% to ¥60,216,525.60, up from ¥44,397,030.87 in the previous year[17]. - The net cash flow from operating activities decreased by 43.56% to ¥244,775,281.57, compared to ¥433,657,461.12 in the same period last year[17]. - The basic earnings per share rose by 35.49% to ¥0.0607, compared to ¥0.0448 in the previous year[17]. - The company's total operating income for the first half of 2020 was 1.196 billion RMB, with a net profit attributable to the parent company of 60.22 million RMB, reflecting a growth of 35.63% year-on-year[39]. - The company reported a decrease in comprehensive income of ¥45,967,544.01 for the current period, reflecting challenges in profitability[171]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,261,014,599.98, an increase of 13.85% from ¥5,499,428,827.34 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 0.60% to ¥2,390,064,513.63, compared to ¥2,375,815,532.04 at the end of the previous year[17]. - The total liabilities amounted to CNY 4,428,643,584.87, up from CNY 4,241,335,768.86, showing an increase of approximately 4.43%[149]. - The company's total liabilities increased to CNY 3,793,033,777.06, compared to CNY 3,073,015,998.59 in the previous year[154]. Investment Activities - The company’s total investment during the reporting period reached 794.04 million RMB, a significant increase of 151.54% compared to 315.67 million RMB in the same period last year[55]. - The company’s investment activities resulted in a net cash outflow of ¥859,686,850.19, primarily due to increased investments in water and sewage treatment projects[41]. - The company has cumulatively used CNY 421.38 million of the raised funds from the 2014 non-public offering, with a remaining balance of CNY 20.27 million in the special account[71]. Sector Performance - Water business achieved revenue of 182 million yuan, a year-on-year decrease of 19.82%, with net profit of 18.75 million yuan, down 39.28% due to reduced income from the second drinking water source project[31]. - The real estate group achieved operating revenue of 158 million RMB, a year-on-year increase of 43.64%, and net profit of 29.38 million RMB, up 94.27%[36]. - The automotive group revenue was 642 million yuan, a year-on-year decline of 21.03%, with a net loss of 26.46 million yuan due to decreased sales and reduced manufacturer rebates[32]. Financing and Borrowings - Short-term borrowings increased by 86.82%, primarily for repaying maturing financial instruments and increasing working capital[26]. - Long-term borrowings rose by 161.43%, mainly for financing water supply and sewage treatment projects[26]. - The net cash flow from financing activities increased significantly by 3,239.57% to ¥788,934,853.36, driven by increased bank financing for project funding[41]. Corporate Governance and Management - The company experienced a change in leadership with the resignation of Chairman Huang Jianpeng on May 6, 2020, and the election of Lai Shaoxiong as the new Chairman on May 20, 2020[142]. - The company has not implemented any employee incentive plans or stock ownership plans during the reporting period[98]. - The company has not faced any media scrutiny or penalties during the reporting period[97]. Environmental and Social Responsibility - The company has implemented targeted poverty alleviation measures, providing 80,000 yuan in financial assistance and 52,000 yuan in material support to impoverished households in designated villages[118][119]. - The company plans to continue its social responsibility efforts in the second half of 2020, contributing to the national poverty alleviation campaign[120]. - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its significant environmental impact[110]. Legal and Compliance - The company reported a litigation case involving a dispute over a share transfer agreement with an amount of 50,708.97 million yuan, with no expected liabilities recognized[96]. - A subsidiary is involved in a rental contract dispute with a claim amount of 849.44 million yuan, with no judgment issued yet[96]. - The company has not disclosed any major contracts or leasing matters during the reporting period[101].

Financial Performance - The company's operating revenue for 2019 was CNY 2,843,711,346.25, representing a decrease of 10.06% compared to the previous year[6]. - The adjusted operating revenue for 2018 was CNY 3,067,768,993.89, while the adjusted revenue for 2017 was CNY 2,835,237,917.67[6]. - The net profit attributable to shareholders for 2019 was CNY 103,640,155.92, representing a 0.94% increase from CNY 102,676,838.69 in 2018[18]. - The operating cash flow for 2019 was CNY 554,141,121.85, a significant improvement compared to a negative cash flow of CNY -9,549,325.17 in 2018[18]. - The total assets at the end of 2019 reached CNY 5,499,428,827.34, marking a 7.35% increase from CNY 5,123,040,441.99 in 2018[18]. - The company's basic earnings per share for 2019 was CNY 0.1045, up from CNY 0.1036 in 2018, reflecting a 0.87% increase[18]. - The weighted average return on equity for 2019 was 4.48%, slightly higher than 4.17% in 2018[18]. - The company's total operating revenue for 2019 was CNY 2,843.71 million, a decrease of 10.06% compared to CNY 3,161.82 million in 2018[44]. - The net profit attributable to the parent company for 2019 was CNY 103.64 million, remaining stable compared to the previous year[41]. Business Operations - The company underwent a significant business transformation in September 2001, shifting from ceramic manufacturing to urban infrastructure development, now encompassing water services, automotive trade, real estate, and engineering construction[15]. - The company has not reported any changes in its major business operations since its last significant restructuring[15]. - The company is under the continuous supervision of its sponsor, Debon Securities, which has been responsible for monitoring the use of raised funds since January 2017[17]. - The company has engaged Huaxing Accounting Firm for auditing services, with the signing accountants being Huang Yurun and Wu Yuanle[16]. - The company’s legal representative is Huang Jianpeng, and its registered address is in Zhangzhou, Fujian Province[12]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code 000753[12]. Water Supply and Environmental Projects - The company’s water supply business covers over 90% of the total water supply in Zhangzhou, with ongoing projects to expand wastewater treatment capabilities[24]. - The water supply business achieved an operating income of 405 million yuan, a year-on-year increase of 18.08%, and a net profit of 50.22 million yuan, up 3.94%[33]. - The total water supply volume reached 100.55 million tons, representing a year-on-year growth of 5.51%, while the sewage treatment volume increased by 10.25% to 61.94 million tons[33]. - The company received a government subsidy of 400 million yuan for urban black and odorous water body governance, which will be deducted from the total investment of the related PPP project upon completion[29]. - The company is participating in the urban river environment comprehensive remediation PPP project in Zhangzhou, with a total estimated investment of 2.718 billion yuan[81]. - The company plans to improve the water quality of urban rivers and eliminate black and odorous water bodies through the comprehensive remediation project[81]. - The company’s total investment in various sewage treatment projects reflects a commitment to enhancing local water management infrastructure[79]. Real Estate and Construction - The real estate projects launched in 2019 achieved over 90% sales rate, indicating strong market demand[26]. - The real estate group reported an operating income of 575 million yuan and a net profit of 99 million yuan, with ongoing project development and marketing efforts[38]. - The company has a land reserve of 22.72 million m² in Zhangzhou, with a total building area of 58.15 million m²[40]. - The company’s real estate subsidiary, Zhangzhou Development Real Estate Group, is undergoing a capital reduction from RMB 10,000 million to RMB 500 million[114]. - The company’s real estate division will closely follow market trends, ensuring effective development of remaining land parcels and enhancing brand recognition for "Zhangfa Real Estate"[121]. Automotive Business - The automotive group's operating income decreased by 14.47% to 1.62 billion yuan, with a net loss of 49.64 million yuan due to declining sales revenue and reduced manufacturer rebates[34]. - The automotive trading business reported revenue of ¥1.55 billion, down 12.34% from the previous year, with a gross margin of 7.22%[48]. - The company recognizes risks in its automotive brand structure and plans to strengthen management and budget control to enhance resilience against market downturns[124]. - The automotive business will focus on cost reduction and efficiency improvement, aiming to optimize brand structure to drive profitability amidst a challenging market[120]. Financial Management and Investments - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves for the current fiscal year[5]. - The company aims to manage and utilize raised funds strictly according to their intended purposes, ensuring healthy and stable project development[122]. - The company has committed to invest RMB 59 million in various projects, with a total investment of RMB 40,336,270.00 completed by the end of the reporting period[97]. - The company has a total of RMB 33.30 million in unused raised funds, which are stored in a dedicated account[91]. - The company raised a total of RMB 600 million through a private placement of 107,334,526 shares at a price of RMB 5.59 per share, with a net amount of RMB 589,231,336.45 after deducting issuance costs[94]. Social Responsibility and Community Engagement - The company actively fulfills its social responsibilities and published its 13th Social Responsibility Report in 2019[162]. - The company donated CNY 20,000 to support the "2019 Zhangzhou Youth League Love Book Corner Donation Activity" aimed at helping impoverished rural youth[165]. - The total investment in poverty alleviation efforts amounted to CNY 13.06 million, including CNY 2 million for educational support and CNY 9.5 million for health resources[166]. - The company plans to continue its social responsibility efforts and assist in poverty alleviation initiatives in 2020[167]. Compliance and Governance - The company emphasizes compliance with legal regulations and fair operation in all transactions[135]. - The company has commitments regarding related party transactions, ensuring independence in personnel, finance, and operations[135]. - The company has not faced any administrative penalties or investigations related to illegal real estate practices[138]. - The company has made commitments regarding the non-public issuance of shares, ensuring no unfair benefits are provided to other entities[138]. - The company confirmed that all commitments made to minority shareholders were fulfilled on time[140]. Future Outlook and Strategic Plans - The company plans to enhance its water service management and complete the construction of smart water systems to improve efficiency and service quality[120]. - The company is focused on maintaining the independence and stability of its operations amidst related party transactions[136]. - The company plans to continue monitoring the progress of its projects to ensure they meet the expected operational status by their deadlines[97]. - The company aims to minimize related party transactions and ensure fair pricing in necessary transactions[136].

Financial Performance - The company's operating revenue for Q1 2020 was ¥485,282,593.14, a decrease of 20.72% compared to ¥612,095,724.85 in the same period last year[7] - The net profit attributable to shareholders was ¥32,168,014.86, representing a 13.10% increase from ¥28,443,224.44 in the previous year[7] - Basic earnings per share increased by 10.34% to ¥0.032 from ¥0.029 in the previous year[7] - The company's operating profit for Q1 2020 was ¥67,889,936.26, a significant increase compared to a loss of ¥259,656.07 in Q1 2019, indicating a turnaround in performance[47] - Net profit for Q1 2020 reached ¥67,882,298.26, compared to a net profit of ¥68,570.60 in the same period last year, showing a slight decline[47] - Total comprehensive income for Q1 2020 was ¥21,188,890.70, compared to ¥68,570.60 in Q1 2019, reflecting a decrease in overall profitability[48] Cash Flow - The net cash flow from operating activities decreased significantly by 82.71%, down to ¥46,195,522.05 from ¥267,216,657.88 year-on-year[7] - Cash flow from operating activities generated a net amount of ¥46,195,522.05 in Q1 2020, down from ¥267,216,657.88 in Q1 2019, indicating reduced cash generation from core operations[51] - Cash flow from investing activities resulted in a net outflow of ¥401,173,690.52 in Q1 2020, compared to a net outflow of ¥171,422,033.45 in the previous year, highlighting increased investment expenditures[52] - Cash flow from financing activities yielded a net inflow of ¥88,772,829.88 in Q1 2020, up from ¥57,448,138.76 in Q1 2019, suggesting improved financing conditions[52] - The company reported a decrease in cash inflow from operating activities, which was 256,154,053.31 CNY compared to 334,040,113.62 CNY in the previous year[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,498,679,526.69, showing a slight decrease of 0.01% compared to the previous year[7] - The net assets attributable to shareholders were ¥2,361,290,139.34, reflecting a decrease of 0.61% from the previous year[7] - The company's total assets amounted to ¥3,485,135,796.06, up from ¥3,409,981,975.83 at the end of the previous period[39] - Total liabilities increased to ¥1,120,882,424.61 from ¥1,066,917,495.08, reflecting a rise of 5.1%[40] - The company's total liabilities decreased slightly to approximately 3.06 billion yuan from 3.07 billion yuan[36] Investments and Projects - The company has invested CNY 3.29 billion in the second drinking water source project, with a total estimated investment of CNY 2.462 billion[22] - The company has completed 23,183.31 meters of sewage pipeline and 3,551.30 meters of river dredging in the Xiangcheng District as part of the PPP project[25] - The company plans to continue expanding its investment in environmental projects, with a focus on improving water quality and infrastructure[24] - Total cash outflow from investment activities increased by 105.03% to CNY 456,839,242.03, mainly for water plant expansion and sewage treatment projects[20] Shareholder Information - The top shareholder, Fujian Zhanglong Group Co., Ltd., holds 27.55% of the shares, totaling 273,180,885 shares[12] - The company received CNY 28,500,000.00 from minority shareholders for capital increase in its subsidiary[20] Financial Management - The company incurred a financial expense of ¥4,608,238.37 in Q1 2020, a decrease from ¥7,757,915.83 in the same period last year, indicating improved cost management[47] - The company engaged in various communication activities regarding its operational status between January 18, 2020, and April 7, 2020[29] Regulatory and Compliance - The company has not undergone an audit for the first quarter report[57] - The report indicates that the company is not applying new revenue and leasing standards for the current year[57]