证券代码：000826 证券简称：启迪桑德 启迪桑德环境资源股份有限公司投资者关系活动记录表 编号： | --- | --- | |------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系活动类别 | √ 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 □ 新闻发布会 □路演活动 □ 现场参观 □其他 | | 参与单位名称及人员姓名 | 中信证券、嘉实基金、汇添富基金、工银瑞信基金、国联安基金、银华基 金、长盛基金、中银基金、中邮基金、华夏基金、南方基金、鹏华基金、东 方证券、盛世景投资等机构研究员 | | 时间 | 2016 年 4 月 5 日 9： 00-10：00 | | 地点 | 公司会议室 | | 上市公司接待人员姓名 | 董事长文一 ...

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Group 1: Company Overview and Business Segments - The company is experiencing positive growth, with the non-engineering segment's revenue share continuously increasing. The engineering segment has started engaging in PPP projects since the second half of 2017, positively impacting performance growth [1]. - The main business areas include traditional solid waste management, sanitation, recycling resources, PPP projects, and water services. The solid waste segment has a sufficient number of ongoing projects, with some already in trial operation [1]. - By 2019, solid waste operational projects are expected to gradually contribute to revenue, with significant growth potential as many projects are still ramping up [1]. Group 2: Financial Projections and Performance - For 2018, solid waste operational revenue is projected to grow, driven by ongoing projects and the construction of waste incineration projects and PPP projects [1]. - As of the end of 2017, the cumulative contract amount reached CNY 31.3 billion (excluding equipment) for operational projects, indicating a strong pipeline [1]. - The net profit margin for sanitation projects in 2017 was approximately 5%, with expectations to increase to 5-8% in 2018 due to economies of scale and reduced management costs [2]. Group 3: PPP Projects and Financing - The company requires a minimum return rate of over 7% for PPP investments, with project capital accounting for about 20% of the total investment [2]. - The company's debt ratio stands at 55%, with financing costs for medium-term notes and short-term loans around 5%. The company has a potential funding capacity of approximately CNY 120 billion, in addition to CNY 6 billion in cash reserves, totaling around CNY 200 billion available for projects [2]. Group 4: Market Trends and Strategic Initiatives - The sanitation market's commercialization rate is currently around 15%, with southern regions like Guangdong having completed the process earlier than northern regions, which are accelerating their marketization efforts [2]. - The company aims to create a full industrial chain for solid waste management, integrating sanitation services with downstream operations, which is a long-term strategic goal [2].

Financial Performance - As of Q3 2017, total assets reached 32 billion, a 40% increase from the beginning of the year [1] - Net assets amounted to 14.4 billion, reflecting a 75% year-on-year growth [1] - Main business revenue for the first nine months was 6.524 billion, up 22% compared to the same period last year [1] - Net profit for the same period was 830 million, with a net profit excluding non-recurring gains and losses of 789 million, representing increases of 16% and 12.59% respectively [1] Cash Flow and Receivables - Cash and cash equivalents at the end of Q3 stood at 6.58 billion, indicating strong cash flow from main business operations [1] - Accounts receivable rose from 3.26 billion to 3.8 billion, with 1.8 billion (approximately 45%) attributed to state subsidies for recycling resources [1] Business Segmentation - Revenue from solid waste management was approximately 3.1 billion, split evenly between construction income and equipment integration [2] - Water services generated around 400 million in revenue [2] - Integrated sanitation operations contributed nearly 1.2 billion, with recycling operations showing significant improvement in both revenue and profit [2] Future Outlook - The sanitation industry is projected to have a market capacity of around 100 billion, with an expected increase in orders in 2018 [2] - The company anticipates a significant reduction in financial expenses due to improved asset conditions following a private placement [2] - Current operational income from waste-to-energy projects is about 130 million, with several projects in the construction phase expected to contribute more significantly by 2020 [2]

2022 年第三季度报告 启迪环境科技发展股份有限公司 2022 年第三季度报告 证券代码：000826 证券简称：启迪环境 公告编号：2022-125 启迪环境科技发展股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 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(会计主管人员)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 1 启迪环境科技发展股份有限公司 2022 年第三季度报告 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 追溯调整或重述原因 会计差错更正 | | 本报告期 | 上年同期 | | 本报告期 比上年同 | 年初至报 | 上年同期 | | 年初至报 告期末比 上年同期 | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2022, representing a year-on-year growth of 20%[19] - The company's operating revenue for the reporting period was ¥3,578,565,745.33, a decrease of 7.38% compared to the same period last year[25] - The net profit attributable to shareholders was -¥237,478,107.62, showing a significant improvement of 93.20% compared to the previous year's loss of -¥3,897,523,475.47[25] - The net cash flow from operating activities increased by 120.08% to ¥635,764,416.63, compared to ¥288,880,300.41 in the same period last year[25] - The company reported a basic earnings per share of -¥0.194, improving by 92.05% from -¥2.724 in the same period last year[25] - Revenue for the current period is $3.58 billion, a decrease of 7.38% compared to the same period last year[45] - The company reported a total revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[86] - The company reported a total revenue of 20,289.9 million for the first half of 2022[130] - The company reported a total revenue of 70,000 million for the first half of 2022, representing a year-on-year increase of 15%[151] - The company reported a total revenue of 130,000 million for the first half of 2022, reflecting a significant increase compared to the previous year[154] Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, reaching a total of 500,000 active users by June 2022[19] - The company has set a future outlook with a revenue target of 3 billion RMB for the full year 2022, which would require a 25% increase in the second half of the year[19] - The company is actively pursuing market expansion, with plans to enter three new provinces by the end of 2022, aiming for a 10% market share in these regions[19] - The company is focused on the research and development of organic waste resource utilization technologies, including high-value chemical fermentation and insect protein conversion, to enhance its core competitiveness in organic waste management[42] - The company is actively exploring project synergies and regional collaboration to enhance operational efficiency and provide comprehensive environmental services to local governments[42] - The company is expanding its market presence through various projects, including a notable investment in municipal infrastructure[59] - The company is exploring new strategies for market expansion, particularly in the water treatment sector[59] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[151] - The company is actively pursuing market expansion strategies, targeting new regions to increase its service footprint and customer reach[154] Product Development and Innovation - New product development includes the launch of a smart waste management system, which is expected to enhance operational efficiency by 30%[19] - New product development includes the launch of an advanced wastewater treatment technology, expected to reduce operational costs by 25%[87] - The company has invested 100 million RMB in R&D for new environmental technologies, aiming for a 15% improvement in efficiency[86] - The company is committed to enhancing its technological capabilities through ongoing research and development initiatives[59] - New product developments include the launch of innovative environmental technologies aimed at enhancing service efficiency and sustainability[154] - The company aims to enhance its environmental compliance through advanced monitoring systems[101] - New product development focuses on advanced wastewater treatment technologies to improve efficiency and reduce environmental impact[103] Environmental Compliance and Sustainability - The company emphasizes the importance of maintaining accurate financial reporting and transparency in its operations, ensuring compliance with regulatory standards[4] - The company achieved a compliance rate of 98% with environmental standards across all facilities, reflecting its commitment to sustainability[86] - The company reported a total pollutant discharge of 0.0607 tons for total mercury, which is within the regulatory limit[84] - The company has implemented a comprehensive wastewater treatment process, ensuring all emissions are within regulatory limits[84] - The company is actively monitoring and managing its environmental impact through regular compliance checks and reporting[84] - The company has implemented energy-saving and emission-reduction technologies, achieving significant CO2 emission reductions through various upgrades, including energy-efficient pumps and smart water management systems[111] - The company has made significant investments in renewable energy technologies, including biogas power generation, to promote clean energy utilization[111] - The company is committed to sustainable practices, with ongoing investments in cleaner technologies and waste management solutions[94] Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares for the current fiscal year, focusing instead on reinvestment for growth[6] - The company has undertaken strategic asset disposals to optimize cash flow and improve overall asset quality, including the sale of subsidiaries involved in electronic waste dismantling and medical waste disposal[39] - The company has a total of CNY 218,400,000 in property management service fees related to Tsinghua University[126] - The company has a total of CNY 455,600,000 in rental service fees related to Tsinghua Holdings[126] - The company has a total of CNY 5.4 million in guarantees related to wastewater treatment, showcasing its investment in environmental technology[158] - The company has a significant amount of CNY 43.2 million in guarantees approved for subsidiaries, demonstrating its financial backing[158] Risk Management - The company has identified potential risks including regulatory changes and market competition, and has developed a comprehensive risk management strategy to mitigate these challenges[5] - The company faces significant liquidity challenges due to macroeconomic conditions, industry cycles, and the pandemic, but has achieved preliminary results in debt risk mitigation and asset restructuring[72] - The company has a large amount of accounts receivable, which is impacting cash flow and increasing bad debt risk, prompting a focus on debt collection efforts[73] - The company plans to focus on "clearing debts, reducing losses, revitalizing assets, and recovering funds" as part of its accounts receivable management strategy[73] Strategic Partnerships and Acquisitions - The company has completed a strategic acquisition of a local waste treatment firm for 200 million RMB, which is expected to increase processing capacity by 50%[19] - A strategic acquisition of a local competitor is anticipated to enhance the company's service capabilities and increase revenue by an estimated 5%[87] - Recent acquisitions have added 12,000 million in assets, enhancing the company's operational capabilities and market reach[149] - The company is exploring potential mergers and acquisitions to enhance its market position, with a budget allocation of 8,000 million for strategic acquisitions[156] Governance and Compliance - The company emphasizes risk control and efficiency improvement, aiming to reduce overall asset-liability ratio and enhance operational efficiency across all segments[36] - The company has established a leading production line for sanitation vehicles and environmental equipment, recognized as a national high-tech enterprise[36] - The company has developed a self-monitoring scheme in accordance with national environmental monitoring guidelines, ensuring data accuracy and transparency[109] - The company has established emergency response plans for environmental incidents, focusing on prevention and efficient management of such events[109] - The company is currently under investigation by the China Securities Regulatory Commission, with ongoing cooperation in the inquiry process[122]

Group 1: Event Details - The investor online collective reception day will be held on June 16, 2022, from 13:00 to 16:00 [2] - The meeting will be conducted via an online platform called "Panorama Roadshow" [2] Group 2: Company Participation - Key company representatives attending include Chairman Wang Shuguai, General Manager Wang Yi, CFO Wan Feng, and Board Secretary Zhang Weiya [3] - Investors can participate directly through the internet during the specified time [3] Group 3: Purpose of the Meeting - The event aims to enhance interaction between the company and investors regarding development strategies, operational status, and corporate governance [2]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,689,955,126.35, a decrease of 2.30% compared to the same period last year[2]. - The net profit attributable to shareholders was CNY -237,898,596.18, representing a decline of 94.28% year-over-year[2]. - The basic and diluted earnings per share were both CNY -0.180, a decrease of 81.82% from the same period last year[2]. - Net loss for Q1 2022 was CNY 230,578,130.44, compared to a net loss of CNY 78,654,808.12 in Q1 2021, representing a significant increase in losses[20]. - The company's gross profit margin decreased, with operating profit recorded at CNY -184,707,535.95, compared to CNY -31,434,915.64 in the same period last year[20]. - The company reported a total comprehensive loss of CNY 230,694,742.20 for Q1 2022, compared to a loss of CNY 78,409,961.72 in Q1 2021, highlighting a significant deterioration in overall financial health[21]. Cash Flow and Assets - The net cash flow from operating activities increased by 185.65% to CNY 12,377,698.25 compared to the previous year[2]. - The company reported a significant reduction in cash and cash equivalents, with a decrease of 39.40% due to debt repayment[8]. - The company's cash and cash equivalents decreased to ¥850,019,256.47 from ¥1,402,682,079.67 at the beginning of the year, a decline of approximately 39.2%[15]. - Total current assets decreased to ¥10,327,782,784.60 from ¥11,928,046,413.44, a decrease of approximately 13.4%[15]. - The ending cash and cash equivalents balance is 756,445,847.37, up from 432,006,181.15 in the previous period[25]. - The net cash flow from investing activities is 248,165,388.62, which is an increase from 225,038,280.65 in the previous period[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 63,847[10]. - The largest shareholder, Tsinghua Technology Service Co., Ltd., holds 16.56% of shares, totaling 236,947,592 shares[10]. - The top ten shareholders include several significant non-state-owned entities, indicating a diverse ownership structure[10]. Liabilities and Equity - Total assets at the end of the reporting period were CNY 31,057,296,732.83, down 5.26% from the end of the previous year[3]. - The company's equity attributable to shareholders decreased by 2.62% to CNY 8,366,673,874.16 compared to the end of the previous year[3]. - Total liabilities decreased to CNY 19,882,306,441.93 from CNY 21,365,930,992.56, indicating a reduction in financial obligations[17]. - The company's equity attributable to shareholders decreased to CNY 8,366,673,874.16 from CNY 8,591,867,028.88, showing a decline in shareholder value[17]. Operational Costs and Expenses - Total operating costs increased to CNY 1,770,515,076.50, up 2.7% from CNY 1,724,494,541.63 in the previous year[19]. - Research and development expenses were CNY 18,038,079.79, down 15.5% from CNY 21,431,651.35 in Q1 2021, indicating a reduction in investment in innovation[20]. - Cash paid for purchasing goods and services decreased to 796,592,833.56 from 1,034,145,561.13, reflecting a decline of about 23.0%[24]. - Cash paid to employees decreased to 454,507,771.54 from 492,847,357.73, indicating a reduction of approximately 7.8%[24]. Government Support and Regulatory Compliance - The company received government subsidies amounting to CNY 18,536,954.74 during the reporting period[6]. - The company has received regulatory notices regarding compliance and asset management adjustments[12]. Strategic Initiatives - The company has announced plans for a major asset restructuring involving a merger with Chengfa Environment Co., Ltd.[12]. - The company is actively engaged in financing leasing business through its wholly-owned subsidiary[13].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2021, representing a year-on-year growth of 15%[17]. - The company's operating revenue for 2021 was ¥8,480,986,860.20, a decrease of 1.93% compared to ¥8,647,776,341.84 in 2020[23]. - The net profit attributable to shareholders in 2021 was -¥4,539,894,376, representing a decline of 191.20% from -¥1,536,530,415 in 2020[23]. - The basic earnings per share for 2021 was -¥3.173, a decrease of 176.39% compared to -¥1.133 in 2020[24]. - The total assets at the end of 2021 were ¥32,781,825,306, down 20.08% from ¥41,017,185,268 at the end of 2020[24]. - The total net profit for the year 2021 was -4,549,999,513.54 CNY, representing a decrease of 216.11% compared to the previous year[68]. - Operating profit for 2021 was -4,384,573,441.54 CNY, a decline of 197.28% year-over-year[68]. - The company reported a total revenue of 1.5 billion in 2021, representing a year-over-year growth of 15%[146]. - The company reported a total revenue of 444.759 million in 2021, an increase from 279.781 million in 2019, reflecting a growth of approximately 59%[127]. User Growth and Market Expansion - User data indicates that the company expanded its customer base by 20%, reaching a total of 500,000 active users by the end of 2021[17]. - User data indicates an increase in active users by 20% compared to the previous year, reaching 2 million active users[126]. - The company has set a future revenue target of 1.5 billion RMB for 2022, reflecting an ambitious growth forecast of 25%[17]. - The company plans to implement a new PPP model for infrastructure projects, which is expected to attract additional investment and enhance project delivery timelines[17]. - Market expansion plans include entering three new international markets by the end of 2022[126]. - The company is actively pursuing market expansion, with plans to enter three new provinces in 2022, aiming for a 10% market share in these regions[17]. Research and Development - The company has invested 100 million RMB in R&D for new technologies aimed at improving waste processing efficiency and reducing carbon emissions[17]. - Research and development expenses increased by 38.04% to ¥186.97 million, reflecting higher investment in project optimization and material consumption[67]. - The company is currently developing a high-value chemical production technology from urban wet waste, which is expected to enhance project economic viability and efficiency[69]. - The company is focusing on developing a key technology for the high-temperature melting of incineration fly ash, which is expected to enhance its competitive edge in the waste-to-energy sector[70]. - The company is focusing on developing new technologies and products to enhance its service offerings in the environmental sector[84]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local waste management firm was completed, which is projected to enhance the company's service capabilities and increase revenue by 5% in the next fiscal year[17]. - The company has completed a strategic acquisition of a smaller competitor for 200 million, which is expected to enhance market share[126]. - The company is considering strategic acquisitions to enhance its service portfolio, with a budget of 200 million allocated for potential deals[137]. - The company is exploring strategic partnerships to enhance its competitive edge in the environmental technology sector[179]. Environmental Compliance and Sustainability - The company is committed to achieving carbon peak and carbon neutrality goals, focusing on clean energy systems and waste management as core business areas[110]. - The company is classified as a key pollutant discharge unit, adhering to environmental standards without exceeding emission limits[176]. - The company has established a comprehensive emission monitoring system to ensure compliance with environmental standards[178]. - The company is focused on continuous improvement in emissions control, with a specific aim to reduce particulate matter emissions to below 20 mg/m³[189]. - The company plans to invest in research and development to innovate new products that align with market trends and sustainability goals[179]. Financial Management and Governance - The board has decided not to distribute cash dividends for 2021, opting to reinvest profits into growth initiatives[17]. - The company has established a comprehensive internal control system covering financial management, investment management, and information disclosure[118]. - The company emphasizes investor relations through various communication channels, enhancing transparency and engagement[121]. - The company held a total of 16 board meetings in 2021, ensuring compliance with legal and regulatory requirements[119]. - The company has implemented a structured approach to decision-making through specialized committees under the board[119]. Operational Efficiency - The management highlighted a focus on digital sanitation solutions, integrating AI and IoT technologies to optimize operations and reduce costs by 15%[17]. - The company is actively pursuing new market opportunities and technological advancements in the environmental sector[96]. - The company is addressing long accounts receivable cycles that impact cash flow and operational efficiency, with measures to optimize business structure and enhance collection efforts[112]. - The company is focused on enhancing its operational efficiency and addressing project development bottlenecks, aiming for improved project outcomes[110]. Future Outlook - The company plans to enhance its liquidity and repay financial debts using proceeds from the sale of subsidiaries, which will not significantly impact its main business operations[100]. - The company anticipates future growth driven by its investments in innovative environmental solutions and market expansion initiatives[96]. - Future outlook includes potential mergers and acquisitions to strengthen market position and expand service offerings[177]. - The company plans to invest in new technologies aimed at enhancing waste treatment efficiency and sustainability[186].