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山高环能(000803) - 2023 Q1 - 季度财报
2023-04-19 16:00
Financial Performance - The company's operating revenue for Q1 2023 reached ¥680,277,092.61, representing a 101.17% increase compared to ¥338,164,774.67 in the same period last year[4] - The net profit attributable to shareholders was ¥40,381,143.58, showing a slight decrease of 0.01% from ¥40,384,520.29 year-on-year[4] - The company's net loss for Q1 2023 was ¥6,869,422.86, an improvement from a loss of ¥75,378,604.18 in the previous year[14] - The net profit for Q1 2023 was CNY 40,498,708.38, a decrease of 5.9% compared to CNY 43,031,525.49 in Q1 2022[16] - The total comprehensive income for Q1 2023 was CNY 40,498,734.31, down from CNY 43,031,525.49 in the same period last year[17] - The company reported a total profit of CNY 58,627,484.60 for Q1 2023, down from CNY 63,156,700.29 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥35,518,245.93, compared to a negative cash flow of ¥92,040,839.67 in the previous year, marking a 138.59% increase[4] - Cash and cash equivalents increased to ¥281,362,691.61 at the end of Q1 2023, up from ¥196,099,967.31 at the beginning of the year, representing a growth of 43.4%[12] - The company reported total revenue from sales of goods and services of CNY 626,206,697.36 in Q1 2023, compared to CNY 164,176,471.49 in Q1 2022, indicating a substantial increase[18] - Operating cash flow for Q1 2023 was CNY 35,518,245.93, a significant improvement from a negative cash flow of CNY -92,040,839.67 in Q1 2022[18] - The net cash flow from financing activities for Q1 2023 was CNY 203,611,675.99, slightly up from CNY 197,017,002.28 in Q1 2022[20] - The company experienced a foreign exchange impact resulting in a net increase in cash and cash equivalents of CNY 85,262,724.30 in Q1 2023[20] Assets and Liabilities - Total assets increased by 3.47% to ¥5,776,822,504.25 from ¥5,582,930,404.63 at the end of the previous year[4] - Total assets as of March 31, 2023, were ¥5,776,822,504.25, compared to ¥5,582,930,404.63 at the beginning of the year, reflecting a growth of 3.5%[14] - Total liabilities increased to ¥4,255,569,622.34 from ¥4,103,506,216.06, an increase of 3.7%[14] Shareholder Information - The company has a total of 14,165 ordinary shareholders as of the end of the reporting period[9] - The largest shareholder, Beijing Beikong Photovoltaic Technology Development Co., Ltd., holds 15.69% of the shares, amounting to 55,239,000 shares[9] Operating Costs - The company reported a 139.33% increase in operating costs, amounting to ¥533,970,997.93, primarily due to the growth in oil trade and environmental equipment sales[7] - Total operating costs for Q1 2023 were ¥616,151,889.85, up 124.8% from ¥274,171,885.21 in Q1 2022[15] - The company recorded a significant increase in cash paid for purchasing goods and services, which rose by 199.72% to ¥510,230,719.41[8] Financial Expenses - The company reported a significant rise in financial expenses, totaling ¥37,683,923.55 in Q1 2023, compared to ¥9,427,922.25 in the same period last year[15] Market Strategy - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[15]
山高环能(000803) - 2022 Q4 - 年度财报
2023-04-19 16:00
Financial Performance - The company's operating revenue for 2022 was ¥1,790,872,297.10, representing a 116.62% increase compared to ¥826,736,786.17 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥84,975,464.13, a 5.55% increase from ¥80,506,295.75 in 2021[21]. - The net cash flow from operating activities was negative at -¥16,774,309.78, an improvement of 85.88% from -¥118,765,879.93 in 2021[21]. - The total assets at the end of 2022 were ¥5,582,930,404.63, a 102.26% increase from ¥2,760,240,863.18 at the end of 2021[22]. - The basic earnings per share for 2022 was ¥0.25, a decrease of 10.71% from ¥0.28 in 2021[21]. - The weighted average return on net assets for 2022 was 6.39%, down from 9.09% in 2021[22]. - The company reported a total non-operating income of CNY 5,583,202.33, a significant increase compared to CNY 1,964,539.85 in the previous period, reflecting a growth of approximately 184%[28]. - The government subsidies recognized in the current period amounted to CNY 2,137,757.33, down from CNY 3,528,265.62, indicating a decrease of about 39.5%[28]. - The company's net profit attributable to shareholders reached CNY 84,975,500, reflecting a 5.55% increase from the previous year[69]. - Total assets of the company grew to CNY 558,293,040, an increase of 102.26% compared to the previous year[69]. Operational Changes and Strategy - The company has undergone significant business changes, shifting its main operations to include organic waste treatment and resource utilization since 2020[20]. - The company is positioned as a leading enterprise in the organic solid waste investment and operation sector, focusing on urban organic waste disposal and resource utilization[31]. - The company is actively expanding its capacity through bidding and acquisitions, aiming to enhance its market presence in the organic waste management sector[50]. - The company has established various subsidiaries and partnerships to enhance its operational capabilities in the renewable energy sector[16]. - The company has a focus on renewable energy and environmental solutions, aligning with market trends towards sustainability[16]. - The company is involved in the processing of kitchen waste and purchased oils to produce renewable products, contributing to the circular economy[50]. - The company has established a strategic focus on the dual fields of environmental protection and energy, aligning with national policies promoting green energy[49]. Market Opportunities - The market for kitchen waste resource utilization is expected to grow rapidly, driven by national policies promoting waste classification and the "no-waste city" initiative[32]. - The company anticipates significant market expansion opportunities due to the increasing demand for kitchen waste processing, which is the largest and most valuable segment of municipal solid waste[32]. - The global biodiesel market is projected to grow, with waste cooking oil being a key resource, as it has a CO2 reduction potential of up to 83% compared to traditional fossil fuels[38]. - The EU's renewable energy directive aims to increase the share of biodiesel consumption, with targets set to rise from 14% to 29%, indicating a robust demand for biodiesel in the future[41]. - The company is leveraging its technological and financial resources to lead the industry during this period of rapid growth in the kitchen waste processing market[37]. Governance and Management - The company has a clear ownership structure and asset rights, ensuring control and disposal rights over its assets[145]. - The company has implemented a comprehensive management system for personnel and financial resources[145]. - The governance structure is consistent with relevant laws and regulations, ensuring effective collaboration among governance bodies[144]. - The company has established an independent financial resource center and accounting system[145]. - The company has conducted multiple extraordinary general meetings throughout 2022, with varying participation rates[148]. - The company has appointed new independent directors, including Wang Shouhai, Qin Yu, and He Chun, on December 28, 2022[153]. - The company has a structured compensation management system based on performance and responsibilities[164]. - The board of directors includes professionals with diverse backgrounds, ensuring a well-rounded approach to corporate governance and strategy[157]. Research and Development - Research and development expenses increased by 78.31% to ¥15,729,804.74, primarily due to new acquisition projects[84]. - The number of R&D personnel increased by 71.15% to 89 in 2022, up from 52 in 2021[87]. - The company has ongoing R&D projects aimed at utilizing waste resources, including a microalgae project that started in October 2022[85]. - The company has improved its oil extraction rate by 0.5%-1% through the application of advanced vortex pulping technology in its kitchen waste processing projects[67]. - The company has achieved a 10% increase in biogas production through the application of a composite agent in anaerobic fermentation technology, optimizing biogas composition[67]. Employee and Compensation - The total number of employees at the end of the reporting period was 1,551, with 69 in the parent company and 1,482 in major subsidiaries[176]. - The company reported a total of 1,632 employees receiving salaries during the period[176]. - The average remuneration for directors and supervisors was approximately 496,000 yuan per person[164]. - The company has established an annual training plan to enhance employee skills and maintain competitive advantage in the market[179]. - The company has a stable salary policy that links compensation to performance, ensuring internal equity and external competitiveness[178]. Environmental and Regulatory Compliance - The company is committed to complying with environmental regulations and has plans to upgrade wastewater treatment facilities to meet stricter standards[123]. - The company has identified significant market potential in the kitchen waste processing sector, which is a priority for the implementation of waste classification systems[123]. - The company has implemented a futures hedging policy with a maximum investment limit of 12 million CNY, aimed at mitigating operational risks[114]. - The internal control audit report issued a standard unqualified opinion, confirming effective internal control over financial reporting as of December 31, 2022[197]. - The company has not identified any significant or important defects in non-financial reporting internal controls during the reporting period[198].
山高环能(000803) - 2016年9月27日投资者关系活动记录表
2022-12-06 09:46
编号:2016-09-27 证券代码:000803 证券简称:金宇车城 四川金宇汽车城(集团)股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |------------------------------|------------------------|-------------------------------------------------------------------------|-------| | 投 资 者 关 系 活 \n动类别 | □ \n□ 现场参观 □其他 | 特定对象调研 □分析师会议 □媒体采访 \n★业绩说明会 □新闻发布会 □路演活动 | | | 参 与 单 位 名 称 及人员姓名 | 投资者 | | | | 时间 | 2016 年 9 | | | | 地点 | 四川成都市菁蓉国际广场 | 7 号楼 1 楼会议室 | | | 上 市 公 司 接 待 人员姓名 | | 副董事长兼代理董事会秘书彭可云、 总经理彭扶民 财务副经理雷鸿 | | | 投 资 者 关 系 活 | 问 | 请问公司今后发展重点放在哪里? | | | 动 主 ...
山高环能(000803) - 2018年5月11日投资者关系活动记录表
2022-12-03 09:54
编号:2018-05-11 证券代码:000803 证券简称:*ST 金宇 四川金宇汽车城(集团)股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |----------------------------|------------------------------|---------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------| | 投 资 者 关 系 活 \n动类别 | □ \n□ | 业绩说明会 □新闻发布会 □路演活动 | 特定对象调研 □分析师会议 □媒体采访 | | 参 与 单 位 名 称 | □ 投资者 | 现场参观 ★其他(投资者集体接待日) | | | 及人员姓名 | | | | | 时间 | 2018 年 5 月 11 日 | | | | | | | ...
山高环能(000803) - 北清环能调研活动信息
2022-11-22 03:10
证券代码:000803 证券简称:北清环能 编号:2021-02 北清环能集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-------------------------|-----------|-------------|------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 | ☑ | | 特定对象调研 □分析师会议 □媒体采访 ...
山高环能(000803) - 北清环能调研活动信息
2022-11-21 05:36
证券代码:000803 证券简称:北清环能 北清环能集团股份有限公司 投资者关系活动记录表 编号:2022-01 | --- | --- | --- | |---------------------------|--------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投 资 者 关系 活 \n动类别 | ☑ 特定对象调研 \n□ 业绩说明会 \n☑ 现场参观 | □ 分析师会议 □ 媒体采访 \n □ 新闻发布会 □ ...
山高环能(000803) - 2022 Q3 - 季度财报
2022-10-24 16:00
Financial Performance - The company's operating revenue for Q3 2022 reached ¥419,860,175.92, representing a 531.96% increase year-over-year, and a total of ¥1,155,151,687.02 for the year-to-date, up 241.56% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥19,102,112.98, a 338.98% increase year-over-year, with a year-to-date total of ¥90,512,054.69, reflecting a 1,402.08% increase[4] - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥15,337,707.64, up 303.27% year-over-year, and ¥82,656,263.40 for the year-to-date, an increase of 1,333.78%[4] - Operating profit for Q3 2022 was ¥115,386,116.65, compared to ¥7,405,599.05 in Q3 2021, indicating a substantial increase in profitability[18] - Net profit for Q3 2022 was ¥89,176,588.99, a notable rise from ¥11,006,322.39 in Q3 2021, reflecting a year-over-year growth of approximately 708.4%[18] - Basic earnings per share for Q3 2022 were ¥0.27, compared to ¥0.03 in Q3 2021, reflecting a significant improvement in earnings performance[18] Assets and Liabilities - The company's total assets as of the end of Q3 2022 were ¥4,233,922,165.95, a 53.39% increase from the end of the previous year[4] - The total assets of the company as of Q3 2022 amounted to ¥4,233,922,165.95, up from ¥2,760,240,863.18 in the previous year, marking an increase of about 53.4%[16] - Total liabilities increased to ¥2,743,660,540.78 in Q3 2022 from ¥1,441,927,078.24 in Q3 2021, representing a growth of approximately 90.3%[16] - The company's total equity reached ¥1,490,261,625.17 in Q3 2022, compared to ¥1,318,313,784.94 in the same period last year, showing an increase of about 13.0%[16] Cash Flow - The cash flow from operating activities for the year-to-date was negative at -¥104,340,274.99, primarily due to the cyclical nature of the oilseed business[4] - Operating cash inflow for the period reached ¥1,054,154,994.35, a significant increase from ¥441,106,852.24 in the previous period, representing a growth of approximately 138%[19] - The net cash flow from operating activities was -¥104,340,274.99, an improvement compared to -¥143,194,872.11 in the same period last year[19] - Total cash inflow from financing activities amounted to ¥1,244,095,620.10, compared to ¥1,127,438,318.11 in the previous year, indicating an increase of about 10.4%[20] - The net cash flow from financing activities was ¥747,260,417.00, up from ¥653,172,943.47 year-over-year, reflecting a growth of approximately 14.4%[20] - Cash and cash equivalents at the end of the period totaled ¥188,778,321.07, down from ¥273,033,092.00 at the end of the previous period, a decrease of about 30.9%[20] - The company experienced a net decrease in cash and cash equivalents of -¥134,862,995.89 during the period, contrasting with an increase of ¥197,748,312.62 in the previous year[20] Investments and Shareholder Information - Long-term equity investments increased by 873.55% to ¥197,490,683.75, primarily due to investments in Fuzhou Qingyu and Tianjin projects[7] - The company’s long-term equity investments increased to 197,490,683.74 yuan from 20,285,540.47 yuan, reflecting growth in strategic investments[13] - The total number of common shareholders at the end of the reporting period is 12,804[9] - The largest shareholder, Beijing Beikong Photovoltaic Technology Development Co., Ltd., holds 15.69% of shares, totaling 55,239,000 shares, with 23,551,400 shares pledged[9] - The total number of preferred shareholders with restored voting rights is 0, indicating no preferred shares are currently active[9] Operational Highlights - The company reported a significant increase in accounts receivable, which rose by 87.56% to ¥248,990,822.46, mainly due to oilseed trade sales[7] - Inventory levels surged by 322.96% to ¥181,651,488.71, attributed to increased procurement in the oilseed trade[7] - The company’s cash flow from sales of goods and services increased by 145.81% to ¥1,024,098,952.17, driven by oilseed trade and environmental equipment sales[8] - The company has established a joint venture with Shandong Shangneng Investment Holding Group to build a biodiesel project with a capacity of 100,000 tons/year for ester-based biodiesel and 400,000 tons/year for hydrocarbon-based biodiesel[12] - The company plans to continue its strategic development in organic waste treatment and resource utilization, enhancing its core competitiveness[12] - The company has dissolved a previous cooperation framework agreement with Shandong Binhua Binyang Fuel Chemical Co., Ltd. regarding biodiesel projects, which will not impact its normal operations[11] Research and Development - Research and development expenses for Q3 2022 were ¥7,226,856.35, slightly up from ¥6,719,561.23 in Q3 2021, indicating a focus on innovation[17]
山高环能(000803) - 2022 Q2 - 季度财报
2022-08-22 16:00
Financial Performance - The company reported a revenue of 1.2 billion CNY for the first half of 2022, representing a year-on-year increase of 15%[16]. - The net profit attributable to shareholders was 200 million CNY, up 10% compared to the same period last year[16]. - The company's operating revenue for the reporting period reached ¥735,291,511.10, representing a 170.57% increase compared to the same period last year[22]. - Net profit attributable to shareholders was ¥71,409,941.71, a significant increase of 409.38% year-on-year[22]. - The company reported a total of ¥1,751,049,109.60 in restricted assets, primarily due to financing leases and pledged loans[63]. - The company’s revenue for the reporting period reached RMB 735.29 million, a 170.57% increase compared to the previous year, primarily driven by the sales of exported oils and environmental protection equipment[50]. - The company reported a significant increase in accounts receivable, totaling ¥304,277,277.51, up from ¥132,752,943.38, primarily due to increased receivables from export oil sales[58]. - The company’s cash flow from operating activities showed a net outflow of RMB 144.20 million, primarily due to outstanding export payments and prepayments for oil purchases[50]. - The company reported a total cash inflow from operating activities of 1,218,186,389.29 CNY, up from 584,387,306.14 CNY in the first half of 2021[197]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[16]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 500 million CNY earmarked for this purpose[16]. - The company aims to enhance the resource utilization capacity of kitchen waste, addressing challenges in composting and product application[33]. - The company is actively pursuing mergers and acquisitions to enhance its operational scale and market footprint[35]. - The company has signed a framework agreement with Luke Oil for the procurement of recycled cooking oil products, enhancing its international market presence[40]. - The company aims to expand its oil collection network and increase sales scale, which is expected to further enhance its performance[40]. Research and Development - The company has allocated 100 million CNY for research and development in the next fiscal year to enhance its technological capabilities[16]. - The company has successfully applied advanced technologies in its projects, including a 10% increase in biogas yield through the application of a new anaerobic fermentation technology[45]. - As of the reporting period, the company has obtained 3 invention patents and over 30 software copyrights in its digitalization efforts, positioning it at the forefront of the industry[41]. - The company holds 191 patents and 40 software copyrights, demonstrating its strong technological capabilities and commitment to innovation in the environmental and energy sectors[44]. Environmental Initiatives - The company has focused on the organic waste treatment and resource utilization of kitchen waste, aligning with national environmental policies[31]. - The company is actively participating in the national "carbon neutrality" strategy, promoting pollution reduction and waste-free city initiatives, and has received recognition for its social responsibility efforts[107]. - The company has implemented a "sodium neutralization + three-effect evaporator" process for wastewater treatment, ensuring compliance with discharge standards[102]. - The company has established an emergency response plan for environmental incidents, including risk assessment and emergency resource investigation[105]. Shareholder and Corporate Governance - No cash dividends will be distributed to shareholders for this period, as the company focuses on reinvestment strategies[6]. - The company has implemented a second phase of a restricted stock incentive plan to enhance employee motivation and retain talent, aligning interests between management and shareholders[88]. - The company held its first temporary shareholders' meeting on February 16, 2022, with an investor participation rate of 67.29%[91]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[93]. Financial Position and Assets - Total assets at the end of the reporting period were ¥3,880,357,129.49, an increase of 40.58% from the end of the previous year[22]. - The company reported a negative net cash flow from operating activities of ¥144,197,457.19, worsening by 207.40% compared to the previous year[22]. - The company’s cash and cash equivalents decreased by 7.94% to ¥147,259,502.10, down from ¥323,641,316.96, mainly due to payments related to acquisition projects[58]. - The company’s total liabilities rose from CNY 1,441,927,078.24 to CNY 2,420,521,544.78, marking an increase of approximately 67.9%[182]. Legal and Compliance - The company is involved in a significant lawsuit with Dongguan Construction Group, with a disputed amount of 74.779 million yuan, which has been ruled in favor of the company, indicating no liability[118]. - The company has a pending case regarding a contract dispute where the court ordered the return of 36 million yuan to the plaintiff, with a settlement agreement reached[119]. - The company faced an administrative penalty of 24,000 yuan due to non-compliance with pollution discharge regulations, but the impact on operations is considered minimal[107]. Operational Capacity - The company has increased its operational capacity to 4,030 tons/day and plans to acquire projects with an additional capacity of 300 tons/day[35]. - The company has achieved a processing capacity of over 4,000 tons per day for kitchen waste as of the announcement date, with significant growth potential in the kitchen waste treatment business[76]. - The company has established a collection network for waste oil, aiming to process kitchen waste oil into industrial-grade mixed oil and biodiesel[76].
山高环能(000803) - 2022 Q1 - 季度财报
2022-04-19 16:00
Financial Performance - The company's revenue for Q1 2022 was CNY 338,164,774.67, representing a 75.73% increase compared to CNY 192,436,028.84 in the same period last year[3]. - Net profit attributable to shareholders was CNY 40,384,520.29, a significant increase of 300.69% from CNY 10,078,710.68 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 40,343,651.79, up 317.17% from CNY 9,670,852.07 in the previous year[3]. - Operating revenue for the first quarter of 2022 was 338,164,774.67 yuan, representing a 75.8% increase compared to 192,436,028.84 yuan in the same period last year[21]. - The total profit for Q1 2022 was approximately ¥63.16 million, compared to ¥17.06 million in Q1 2021, representing an increase of 270.5%[22]. - The net profit for Q1 2022 reached ¥43.03 million, up from ¥13.08 million in the same period last year, marking a growth of 229.5%[22]. - The basic earnings per share for Q1 2022 was ¥0.17, compared to ¥0.05 in Q1 2021, reflecting a 240% increase[22]. Assets and Liabilities - The company's total assets increased by 8.85% to CNY 3,004,615,857.63 from CNY 2,760,240,863.18 at the end of the previous year[3]. - As of March 31, 2022, total current assets amounted to 863,960,705.82 yuan, an increase of 12.5% from the beginning of the year[18]. - The company's total liabilities as of March 31, 2022, were 1,613,951,083.47 yuan, up from 1,441,927,078.24 yuan at the beginning of the year, reflecting a growth of 11.9%[19]. - The company’s total assets reached 3,004,615,857.63 yuan, up from 2,760,240,863.18 yuan at the beginning of the year, reflecting a growth of 8.8%[19]. Cash Flow - Cash flow from operating activities was negative at CNY -92,040,839.67, worsening by 70.57% from CNY -53,959,934.18 in the same period last year[3]. - The net cash flow from operating activities was negative at ¥92.04 million, worsening from a negative ¥53.96 million in Q1 2021[23]. - Cash inflow from operating activities totaled ¥171.93 million, while cash outflow was ¥263.97 million, resulting in a net cash outflow of ¥92.04 million[23]. - Investment activities resulted in a net cash outflow of ¥106.14 million, compared to a net outflow of ¥88.72 million in the previous year[24]. - Financing activities generated a net cash inflow of ¥197.02 million, an increase from ¥113.24 million in Q1 2021[24]. - The company reported a total cash and cash equivalents balance of approximately ¥322.48 million at the end of Q1 2022, down from ¥45.85 million at the end of Q1 2021[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,852, with no preferred shareholders having restored voting rights[9]. - Beijing Beikong Photovoltaic Technology Development Co., Ltd. holds 15.83% of shares, amounting to 39,456,429 shares, with 16,822,429 shares pledged[9]. - The company has issued restricted stock to incentivize employees, resulting in a cash inflow of CNY 117,749,100.00[7]. - The company has established a second phase of the restricted stock incentive plan, granting 9 million shares at a price of 11.02 RMB per share to 129 individuals[11]. Investments and Acquisitions - Long-term equity investments surged by 297.46% to CNY 80,627,261.00, mainly due to increased investment in Fuzhou Qingyu New Energy Partnership[7]. - The company signed a cooperation framework agreement with Shandong Binhua Binyang Fuel Chemical Co., Ltd. to establish a joint venture for a biodiesel production project with a capacity of 400,000 tons/year[12]. - The company is acquiring 95% of the equity of Yinchuan Baolv Special Biotechnology Co., Ltd., with the agreement already approved by the board[12]. - The company completed the acquisition of 80% of Shandong Henghua Jiaye Environmental Technology Co., Ltd. on March 24, 2022[13]. - The company signed an agreement to acquire 99.996% of Beijing Chinai Bioenergy Technology Co., Ltd., with the project expected to complete equity transfer soon[13]. - The company is acquiring 100% of Tianjin Bihai Environmental Technology Consulting Service Co., Ltd. and has signed an exclusive sales agreement for oil fats[14]. - The company has invested in Wuhan Shifang New Energy Co., Ltd., holding 99.99% of its shares after a capital increase[14]. - The acquisition of Wuhan Baixin Environmental Energy Technology Co., Ltd. was completed for a total consideration of 94.5 million RMB[14]. - The company signed a share transfer agreement to acquire 100% equity of Qingzhou Changtai Oil Co., Ltd. for 3.5 million yuan, focusing on waste oil sales[15]. - The company also signed a framework agreement to acquire 100% equity of Sichuan Jianqishi Biotechnology Co., Ltd., with an exclusive oil sales agreement in place[15]. Miscellaneous - The company's cash and cash equivalents decreased slightly to 322,479,767.07 yuan from 323,641,316.96 yuan at the beginning of the year[17]. - The company reported a net loss of 99,799,790.99 yuan in retained earnings, an improvement from a loss of 140,184,311.28 yuan at the beginning of the year[19]. - The company’s long-term equity investments increased significantly to 80,627,261.00 yuan from 20,285,540.47 yuan at the beginning of the year, marking a growth of 297.5%[18]. - The report was released by the board of directors on April 19, 2022[26]. - The company did not conduct an audit for the Q1 2022 report[25].