浙富控股集团股份有限公司 2021 年半年度报告全文 浙富控股集团股份有限公司 2021 年半年度报告 2021 年 08 月 1 浙富控股集团股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)金静静声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的经营业绩预计等前瞻性陈述可能受宏观环境、市场情况等 影响，存在一定不确定性，不构成公司对投资者的实质性承诺，敬请投资者注 意投资风险。 《证券时报》和巨潮资讯网（http//www.cninfo.com.cn）为本公司的指定信 息披露媒体，公司所发布信息均以上述媒体刊登的为准。敬请投资者注意投资 风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 浙富控股集团股份有限公司 2021 年半年度报告全文 目录 第一节 重要提示、目录和释义 … | ...

[Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Board, and senior management affirm the truthfulness, accuracy, and completeness of this quarterly report - The company's Board of Directors, Supervisory Board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities; all directors attended the board meeting to review this quarterly report[2](index=2&type=chunk) [Company Profile](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides an overview of the company's key financial data, performance indicators, and shareholder structure for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2021, the company achieved explosive growth with revenue up 154.96% and net profit attributable to shareholders increasing by 516.48%, driven by business expansion and non-recurring gains from an equity investment accounting change Key Financial Indicators for Q1 2021 | Indicator | Current Period | Prior Period (Adjusted) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 2,997,888,140.03 | 1,175,828,323.55 | 154.96% | | Net Profit Attributable to Shareholders (Yuan) | 565,239,776.68 | 91,688,372.54 | 516.48% | | Non-recurring Net Profit Attributable to Shareholders (Yuan) | 478,154,148.46 | -30,947,056.74 | 1,645.07% | | Net Cash Flow from Operating Activities (Yuan) | 236,165,528.33 | -169,359,950.58 | 239.45% | | Basic Earnings Per Share (Yuan/share) | 0.1053 | 0.0273 | 285.71% | | Weighted Average Return on Net Assets | 7.09% | 1.60% | Increased by 5.49 percentage points | | Total Assets (Yuan) | 19,691,803,797.71 | - | Increased by 5.22% from end of prior year | | Net Assets Attributable to Shareholders (Yuan) | 8,249,863,993.10 | - | Increased by 7.12% from end of prior year | - During the reporting period, the company recognized **195 million Yuan** in investment income by reclassifying its long-term equity investment in 2345 Company to a financial asset at fair value through profit or loss, due to losing significant influence, which was a major component of non-recurring gains[7](index=7&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had 95,398 common shareholders, with the top three shareholders holding 25.62%, 17.57%, and 11.87% respectively, indicating a relatively concentrated equity structure Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Tonglu Yuantong Industrial Co., Ltd. | Domestic Non-State Legal Person | 25.62% | 1,375,667,422 | | Ye Biao | Domestic Natural Person | 17.57% | 943,674,298 | | Pingtan Fengshi Hengda Investment Management Partnership (Limited Partnership) | Domestic Non-State Legal Person | 11.87% | 637,504,415 | | Sun Yi | Domestic Natural Person | 7.90% | 424,015,664 | | Zhejiang Shenlian Investment Management Co., Ltd. | Domestic Non-State Legal Person | 3.91% | 209,705,399 | - Mr. Sun Yi, the company's controlling shareholder and actual controller, collectively controls company shares through Tonglu Yuantong Industrial Co., Ltd. and a special private equity fund, forming a concerted action relationship; additionally, Mr. Ye Biao, Ms. Hu Jinlian, and Zhejiang Shenlian Investment Management Co., Ltd. are also concerted parties[9](index=9&type=chunk) [Significant Matters](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details significant changes in financial data, progress on key initiatives, and the company's financial asset investments and entrusted wealth management activities [Analysis of Major Financial Data Changes](index=7&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, significant changes in financial indicators, including substantial increases in operating revenue and cost due to higher sales of resource-based products, and major shifts in investment-related accounts from the reclassification of 2345 Company equity, led to a positive operating cash flow Changes in Key Financial Indicators and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 154.96% | Primarily due to increased capacity and sales of resource-based products in the current period | | Operating Cost | 165.80% | Primarily due to increased sales of resource-based products and corresponding cost increases during the reporting period | | Investment Income | 115.84% | Primarily due to the company reclassifying its remaining equity investment in 2345 Company as a financial asset at fair value through profit or loss | | Long-term Equity Investment | -65.93% | Primarily due to losing significant influence over 2345 Company and reclassifying its remaining equity investment as a financial asset at fair value through profit or loss | | Net Cash Flow from Operating Activities | 239.45% | Primarily due to increased capacity and sales in the current period, leading to higher cash received from sales of goods compared to the prior year | [Progress on Significant Matters](index=8&type=section&id=%E4%BA%8C%E3%80%81%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The company continued its asset disposal and share repurchase plans, selling 2345 Company shares for liquidity and implementing a share repurchase program for future employee incentives to stabilize stock price - In Q1 2021, the company sold **33,599,600 shares** of 2345 Company stock, as part of its ongoing asset disposal plan to enhance asset liquidity and realize investment gains[14](index=14&type=chunk) - The company initiated a share repurchase plan, intending to use **150 million to 300 million Yuan** of its own funds to repurchase shares; as of the report disclosure date, **1,973,300 shares** have been repurchased for a total transaction amount of approximately **10.03 million Yuan**, with repurchased shares to be used for employee stock ownership plans or equity incentives[15](index=15&type=chunk)[16](index=16&type=chunk) [Financial Asset Investments](index=9&type=section&id=%E5%9B%9B%E3%80%81%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7%E6%8A%95%E8%B5%84) The company made no new securities investments but actively managed risks through derivative instruments, engaging in copper futures and forward foreign exchange contracts to hedge against commodity price and exchange rate fluctuations with strict risk controls Derivative Investment Status (Unit: 10,000 Yuan) | Derivative Type | Amount Purchased During Reporting Period | Investment Amount at Period End | Investment Amount as % of Net Assets at Period End | | :--- | :--- | :--- | :--- | | Copper Futures Contracts | 133,009.36 | 133,009.36 | 14.06% | | Forward Foreign Exchange Contracts | 0 | 227.94 | 0.02% | - The company conducts derivative transactions following hedging principles, aiming to mitigate risks from fluctuations in exchange rates, interest rates, and commodity prices, without engaging in speculative trading; the company has established corresponding risk management systems and obtained independent directors' approval[20](index=20&type=chunk)[21](index=21&type=chunk) [Entrusted Wealth Management](index=12&type=section&id=%E5%85%AB%E3%80%81%E5%A7%94%E6%89%98%E7%90%86%E8%B4%A2) During the reporting period, the company invested 477.88 million Yuan of its own funds in low-risk bank wealth management products to enhance capital efficiency, with 42.56 million Yuan remaining outstanding at period end Entrusted Wealth Management Status (Unit: 10,000 Yuan) | Specific Type | Source of Funds | Amount of Entrusted Wealth Management Transactions | Outstanding Balance at Period End | Overdue Unrecovered Amount | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 47,788.12 | 4,255.82 | 0 | [Financial Statements](index=13&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's unaudited financial statements for Q1 2021, including the balance sheet, income statement, and cash flow statement, along with explanations for any accounting policy adjustments [Financial Statements](index=13&type=section&id=%E4%B8%80%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) The financial statements for Q1 2021 reflect strong performance, with a growing asset base, significant increases in revenue and profit, and improved operating cash flow, indicating healthy business development [Consolidated Balance Sheet](index=13&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2021, total assets reached **19.692 billion Yuan**, up 5.22% from the beginning of the year, and net assets attributable to the parent company increased by 7.12% to **8.250 billion Yuan**, reflecting business expansion and enhanced profitability - Total current assets increased from **8.377 billion Yuan** at the beginning of the year to **9.611 billion Yuan**, primarily driven by increases in financial assets at fair value through profit or loss and inventories[26](index=26&type=chunk) - Total liabilities increased from **9.803 billion Yuan** at the beginning of the year to **10.222 billion Yuan**, with the main increases coming from short-term borrowings and notes and accounts payable[28](index=28&type=chunk) [Consolidated Income Statement](index=18&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2021, the company achieved total operating revenue of **2.998 billion Yuan**, a 154.96% year-over-year increase, and net profit attributable to parent company shareholders of **565.24 million Yuan**, up 516.48% year-over-year - Total operating costs were **2.490 billion Yuan**, a year-over-year increase of **136.13%**, which is lower than the revenue growth rate, indicating some economies of scale[34](index=34&type=chunk) - Investment income and fair value change gains/losses had a significant impact on profit, with investment income reaching **202 million Yuan**, primarily from the accounting treatment change for the 2345 Company equity[34](index=34&type=chunk) [Consolidated Cash Flow Statement](index=23&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Net cash flow from operating activities significantly improved to **236 million Yuan** in the reporting period from -169 million Yuan in the prior year, indicating stronger cash generation from core operations, with net cash outflow from investing activities at **306 million Yuan** and net inflow from financing activities at **130 million Yuan** - Cash inflow from operating activities primarily stemmed from cash received from sales of goods and services, totaling **3.323 billion Yuan**, a year-over-year increase of **138.3%**[40](index=40&type=chunk) - Cash outflow from investing activities was primarily used for the acquisition of fixed assets and intangible assets (**357 million Yuan**) and investment payments (**605 million Yuan**)[41](index=41&type=chunk) [Explanation of Financial Statement Adjustments](index=26&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company adopted the revised Accounting Standard for Business Enterprises No. 21—Leases from January 1, 2021, but due to its short-term and low-value lease activities, the policy change had no impact on financial statement presentation and required no adjustment to the opening balance sheet - The company adopted the new leasing standard from January 1, 2021, but chose not to recognize right-of-use assets and lease liabilities for its short-term or low-value asset leases, thus having no material impact on the financial statements[46](index=46&type=chunk) [Audit Report](index=27&type=section&id=%E4%B8%89%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2021 first-quarter report is unaudited - The company's first-quarter report is unaudited[47](index=47&type=chunk)

Financial Performance - The company's operating revenue for 2020 was approximately ¥8.34 billion, an increase of 27.60% compared to the previous year[15]. - Net profit attributable to shareholders for 2020 was approximately ¥1.36 billion, representing a significant increase of 189.64% year-over-year[15]. - The net profit after deducting non-recurring gains and losses was approximately ¥950.74 million, a substantial increase of 1,260.88% compared to the previous year[15]. - The company's total assets at the end of 2020 were approximately ¥18.72 billion, reflecting an increase of 11.23% from the previous year[15]. - The basic earnings per share for 2020 was ¥0.30, up 114.29% from ¥0.14 in the previous year[15]. - The weighted average return on equity for 2020 was 17.86%, an increase of 9.26% compared to the previous year[15]. - The total operating revenue for 2020 was CNY 8,343,351,966.66, representing a 27.60% increase compared to CNY 6,538,562,421.34 in 2019[38]. - The ecological protection and environmental governance sector generated CNY 7,359,711,557.27, accounting for 88.21% of total revenue, with a year-on-year growth of 35.00%[38]. - The company achieved operating revenue of ¥8,343,351,966.66 and a net profit attributable to shareholders of ¥1,361,975,574.91 during the reporting period[28]. - The company achieved operating revenue of ¥7,364,175,818.73 and net profit of ¥1,472,767,912.84 during the reporting period[29]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.4 RMB per 10 shares to all shareholders, based on a total share base of 5,367,822,662 shares[2]. - The cash dividend policy stipulates that at least 20% of the distributable profit should be distributed as cash dividends annually, with a cumulative distribution of no less than 30% of the average annual distributable profit over three years[83]. - The company has maintained a consistent cash dividend distribution policy, emphasizing sustainable development and reasonable returns for investors[83]. - The company’s cash dividend for the first half of 2020 was approved at RMB 0.10 per 10 shares, with the distribution completed by November 13, 2020[83]. - The company’s cash dividend distribution plan for 2020 includes a proposal to distribute RMB 0.40 per 10 shares, contingent on the total share capital at the time of distribution[84]. - The company declared a cash dividend of CNY 0.4 per 10 shares, with a total cash dividend amounting to CNY 268,410,866.10, which is 100% of the distributable profit[87]. - The company has not distributed any cash dividends for the fiscal year 2019, focusing instead on reinvestment strategies[85]. Investment and Acquisitions - The company completed a major asset restructuring, acquiring 100% of Shenlian Environmental Group and 40% of Sheneng Environmental for a total of 3,719.71 million CNY[139]. - The company completed the acquisition of 100% equity in Shenlian Environmental Group and 40% equity in Sheneng Environmental during the reporting period[28]. - The company signed a share transfer agreement to acquire 60% equity of Jingfeng Environmental for CNY 37,197,100, supporting its development and maintaining interests[34]. - The company has engaged in derivative investments, with a total initial investment of CNY 38,433.54, resulting in a loss of CNY 6,717.35 during the reporting period[66]. - The company has established a competitive advantage in hazardous waste treatment, supported by a strong management team and advanced technology[111]. Operational Challenges and Risks - The company warns investors to be aware of investment risks associated with its forward-looking statements[2]. - The net cash flow from operating activities for 2020 was negative at approximately -¥132.50 million, indicating challenges in cash generation[15]. - The company’s cash and cash equivalents decreased by 29.79% compared to the end of the previous year, attributed to project investments and raw material purchases[23]. - The company is exposed to metal price volatility risks, which can impact procurement and sales processes, although the influence is expected to decrease as hazardous waste collection prices are less correlated with market prices[78]. - The company faces market risks due to the cyclical nature of the power equipment manufacturing industry and potential overcapacity issues[76]. Corporate Governance and Compliance - The company has a commitment to ensure the accuracy and completeness of its financial reports, as stated by its management[2]. - The company has established a long-term commitment to comply with all relevant laws and regulations regarding related transactions and competition[91]. - The company has maintained strict compliance with all commitments made during the reporting period[89]. - The company has not faced any significant legal or regulatory penalties in the past 36 months, indicating a stable compliance record[93]. - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[131]. Research and Development - The company has a strong technological research and development capability, with significant breakthroughs in hazardous waste treatment technologies recognized at the international level[24]. - Research and development expenses totaled ¥330,132,048.72, representing a 31.45% increase year-on-year and accounting for 3.96% of the annual operating income[51]. - The company plans to increase its investment in R&D by 20% in 2021 to foster innovation and product development[136]. Market Expansion and Strategic Initiatives - The company is focused on expanding its market presence and enhancing its financial robustness through strategic derivative trading[67]. - The company is actively involved in the development of the 600MW fourth-generation commercial fast reactor liquid metal nuclear pump, marking a major breakthrough in core component manufacturing[26]. - The company is exploring new strategies for market expansion and product development, aiming for sustainable growth[10]. - The company plans to expand its business scope by entering the environmental protection field through a major asset restructuring, thereby increasing its risk resistance capabilities[74]. Employee and Management Structure - The company has a total of 5,787 employees who received salaries during the reporting period[167]. - The company has implemented specialized training programs for management, professional staff, and new employees[168]. - The remuneration for the chairman, Sun Yi, is 44.12万元, while the total remuneration for the president, Pan Chengdong, is 91.74万元[166]. - The company has established a performance evaluation and incentive mechanism linking management compensation to business performance[171]. Related Party Transactions - The company reported a total of 9,397.4 million yuan in related party transactions, with a significant portion related to procurement of raw materials[109]. - The company engaged in related party transactions with Lanxi Copper Industry and Guangdong Zili, amounting to 2,363.32 million yuan and 7,034.12 million yuan respectively, representing 0.33% and 0.98% of similar transaction amounts[108]. - The company’s related party transactions are conducted at market prices, ensuring compliance with regulatory standards[108]. Audit and Financial Reporting - The audit report issued was a standard unqualified opinion, confirming that the financial statements fairly present the company's financial position[185]. - The company maintained effective internal control over financial reporting in all material respects as per the audit opinion issued by Tianjian Accounting Firm[182]. - The company’s financial report did not reveal any material misstatements or errors in the financial statements for the year ended December 31, 2020[186].

Part I Important Notice [Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company ensures the quarterly report's truthfulness, accuracy, and completeness, with all directors attending the review meeting [Report on Truthfulness Statement](index=2&type=section&id=1.1%20%E6%8A%A5%E5%91%8A%E7%9C%9F%E5%AE%9E%E6%80%A7%E5%A3%B0%E6%98%8E) The board, supervisory board, and senior management guarantee the quarterly report's accuracy and completeness, assuming legal responsibility - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility[2](index=2&type=chunk) - Company head Sun Yi, chief accountant Li Juan, and head of accounting Yang Zonglin declare the financial statements in the quarterly report are true, accurate, and complete[2](index=2&type=chunk) - All directors attended the board meeting that reviewed this quarterly report[2](index=2&type=chunk) Part II Company Profile [Company Profile](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section details key financial metrics, shareholder information, and significant changes in the company's financial position [Key Accounting Data and Financial Indicators](index=3&type=section&id=2.1%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Total assets and net assets attributable to shareholders significantly grew, while operating cash flow substantially decreased Key Accounting Data and Financial Indicators (Adjusted) | Indicator | Current Period End/Year-to-Date (RMB) | Prior Year End/Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet** | | | | | Total Assets | 17,762,324,433.57 | 16,823,902,402.24 | 5.58% | | Net Assets Attributable to Shareholders | 7,181,753,820.48 | 5,011,435,467.09 | 43.31% | | **Income Statement (Year-to-Date)** | | | | | Operating Revenue | 5,627,268,409.77 | 4,632,779,166.20 | 21.47% | | Net Profit Attributable to Shareholders | 786,821,260.55 | 344,471,277.02 | 128.41% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 420,000,734.44 | 49,482,109.05 | 748.79% | | **Cash Flow Statement (Year-to-Date)** | | | | | Net Cash Flow from Operating Activities | 46,633,875.62 | 1,389,612,072.31 | -96.64% | | **Earnings Per Share (Year-to-Date)** | | | | | Basic Earnings Per Share (RMB/share) | 0.1954 | 0.1027 | 90.26% | | Diluted Earnings Per Share (RMB/share) | 0.1954 | 0.1027 | 90.26% | | **Return on Net Assets (Year-to-Date)** | | | | | Weighted Average Return on Net Assets | 13.45% | 7.30% | 6.15% | Non-Recurring Gains and Losses (Year-to-Date) | Item | Amount (RMB) | | :--- | :--- | | Gains or losses from disposal of non-current assets (including the write-off of impairment provisions) | 292,282,063.15 | | Government grants recognized in current profit or loss (excluding those closely related to the company's business and enjoyed at fixed or quantitative standards) | 89,169,795.26 | | Gains or losses from entrusted investments or asset management | 5,224,831.75 | | Net profit or loss of subsidiaries from the beginning of the period to the date of merger under common control | 370,158,948.87 | | Fair value changes and investment income from holding or disposing of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities, and other debt investments (excluding effective hedge accounting related to normal business operations) | -30,633,232.28 | | Other non-operating income and expenses apart from the above | -153,444.27 | | Other profit and loss items that meet the definition of non-recurring gains and losses | 8,705,576.08 | | Less: Income tax impact | 130,772,392.08 | | Minority interest impact (after tax) | 237,161,620.37 | | **Total** | **366,820,526.11** | [Total Shareholders and Top Ten Shareholders' Holdings at Period End](index=4&type=section&id=2.2%20%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 92,403 common shareholders, with Tonglu Yuantong Industrial Co., Ltd. as the controlling shareholder at 25.62% holding, largely pledged, and several major shareholders having concerted action relationships - Total common shareholders at the end of the reporting period: **92,403**[6](index=6&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares Held (Shares) | Number of Restricted Shares Held (Shares) | Share Status | Number (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Tonglu Yuantong Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 25.62% | 1,375,667,422 | 1,375,667,422 | Pledged | 853,196,000 | | Ye Biao | Domestic Natural Person | 17.57% | 943,674,298 | 943,674,298 | | | | Pingtan Fengshi Hengda Investment Management Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 11.87% | 637,504,415 | 637,504,415 | Pledged | 144,999,999 | | Sun Yi | Domestic Natural Person | 7.90% | 424,015,664 | 318,011,748 | Pledged | 280,570,229 | | Zhejiang Shenlian Investment Management Co., Ltd. | Domestic Non-State-Owned Legal Person | 3.91% | 209,705,399 | 209,705,399 | | | | Hu Jinlian | Domestic Natural Person | 3.51% | 188,734,859 | 188,734,859 | | | | Bank of China Co., Ltd. - Guotai Zhiyuan Advantage Mixed Securities Investment Fund | Domestic Non-State-Owned Legal Person | 1.08% | 57,993,122 | 0 | | | | Zhu Jianxing | Domestic Natural Person | 0.77% | 41,222,012 | 0 | | | | Chen Guoping | Domestic Natural Person | 0.72% | 38,800,000 | 0 | | | | Ningbo Fengneng Investment Management Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 0.67% | 35,789,720 | 35,789,720 | | | - Key shareholders' related party or concerted action explanation: Tonglu Yuantong Industrial Co., Ltd., Mr. Sun Yi, and Tibet Trust Co., Ltd. – Tibet Trust – Zhiang No. 6 Collective Fund Trust Plan are concerted parties; Mr. Ye Biao, Ms. Hu Jinlian, and Zhejiang Shenlian Investment Management Co., Ltd. are concerted parties; Pingtan Fengshi Hengda Investment Management Partnership (Limited Partnership) and Ningbo Fengneng Investment Management Partnership (Limited Partnership) are concerted parties[7](index=7&type=chunk)[10](index=10&type=chunk) Part III Significant Events [Significant Events](index=7&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers major asset restructuring, financial performance forecasts, and other key operational and governance updates [Changes and Reasons for Major Financial Data and Indicators](index=7&type=section&id=3.1%20%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant changes occurred across balance sheet, income statement, and cash flow items, driven by operational investments and financing activities Balance Sheet Item Changes and Reasons | Item | Period-End Balance (RMB) | Prior Year-End Balance (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Prepayments | 424,120,105.67 | 183,747,842.66 | 130.82% | Primarily due to increased prepayments for production materials procurement in the current period | | Other Current Assets | 334,487,449.94 | 123,418,773.04 | 171.02% | Primarily due to increased deductible VAT | | Contract Assets | 628,017,699.42 | - | - | Primarily due to the company's adoption of new revenue standards from January 1, 2020 | | Construction in Progress | 4,066,781,666.94 | 2,856,666,124.92 | 42.36% | Primarily due to increased investment in NSHE hydropower construction projects and industrial waste comprehensive utilization projects | | Taxes Payable | 340,913,317.87 | 214,565,106.84 | 58.89% | Primarily due to increased accrued taxes payable at period-end | | Long-Term Borrowings | 1,557,697,815.97 | 887,516,639.55 | 75.51% | Primarily due to new special long-term borrowings in the current period | Income Statement Item Changes and Reasons (Year-to-Date) | Item | Year-to-Date (RMB) | Prior Period (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Taxes and Surcharges | 54,901,896.62 | 37,576,198.77 | 46.11% | Primarily due to increased taxes paid for major asset restructuring transactions in the current period | | Investment Income | 163,148,663.21 | 118,159,558.43 | 38.07% | Primarily due to investment income from associates accounted for using the equity method and gains from disposal of trading financial assets and long-term equity investments | | Income Tax Expense | 220,886,892.28 | 122,986,385.97 | 79.60% | Primarily due to the combined effect of increased current income tax expense and decreased deferred income tax expense in the current period | Cash Flow Statement Item Changes and Reasons (Year-to-Date) | Item | Year-to-Date (RMB) | Prior Period (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 46,633,875.62 | 1,389,612,072.31 | -96.64% | Primarily due to increased cash paid for goods purchased and services received compared to the prior period | | Net Cash Flow from Investing Activities | -1,035,915,596.18 | -1,349,470,201.08 | 23.24% | Primarily due to new cash received from the disposal of 2345 shares compared to the prior period | | Net Cash Flow from Financing Activities | 307,276,235.82 | -217,117,039.94 | 241.53% | Primarily due to increased net cash flow from borrowings and debt repayments compared to the prior period | [Progress, Impact, and Solutions for Significant Events](index=7&type=section&id=3.2%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The company completed a major asset restructuring, acquired additional equity to avoid competition, and underwent board and management elections - The major asset restructuring was unconditionally approved by the M&A and Restructuring Committee on January 16, 2020, and the China Securities Regulatory Commission's approval was received on January 21[14](index=14&type=chunk) - To avoid horizontal competition, the company acquired **60%** equity of Jingfeng Environmental held by controlling shareholder Sun Yi for **RMB 37.20 million** on April 3, 2020, and completed the industrial and commercial change registration[14](index=14&type=chunk) - On June 2, 2020, the company completed the delivery and transfer of the target assets involved in the major asset restructuring (100% equity of Shenlian Environmental Group and 40% equity of Shenneng Environmental), with **3,391,076,113** new shares listed on the Shenzhen Stock Exchange on June 12, 2020[14](index=14&type=chunk) - During the reporting period, the company sold **275,958,376** shares of 2345 stock through centralized bidding and block trading, including **39,762,690** shares sold in Q3 2020[15](index=15&type=chunk) - The company's fourth Board of Directors and Supervisory Board terms expired, and new elections were completed in April 2020, appointing the Chairman and Vice Chairman of the fifth Board of Directors, Chairman of the fifth Supervisory Board, members of various Board committees, senior management, internal audit head, and securities affairs representative[16](index=16&type=chunk) [Overdue Unfulfilled Commitments by Related Parties](index=10&type=section&id=3.3%20%E5%85%AC%E5%8F%B8%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E4%BB%A5%E5%8F%8A%E5%85%AC%E5%8F%B8%E7%AD%89%E6%89%BF%E8%AF%BA%E7%9B%B8%E5%85%B3%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E8%B6%85%E6%9C%9F%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) During the reporting period, the company had no overdue unfulfilled commitments from controlling shareholders, related parties, or the company itself - The company had no overdue unfulfilled commitments from controlling shareholders, shareholders, related parties, acquirers, or the company itself during the reporting period[19](index=19&type=chunk) [Financial Asset Investments](index=10&type=section&id=3.4%20%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7%E6%8A%95%E8%B5%84) The company had no securities investments during the reporting period, but engaged in derivative investments including futures and forward foreign exchange contracts, incurring a net loss of **RMB 31.83 million** (July-September) primarily from futures, with a management system in place to control related risks - The company had no securities investments during the reporting period[20](index=20&type=chunk) Derivative Investment Status (July-September) | Derivative Investment Operator Name | Derivative Investment Type | Actual Gain/Loss (July-September) (RMB million) | | :--- | :--- | :--- | | Zhejiang Nanhua Capital Management Co., Ltd. | Futures Contracts | -32.13 | | Industrial and Commercial Bank of China | Forward Foreign Exchange Contracts | -0.09 | | China Minsheng Bank Hangzhou Branch | Forward Foreign Exchange Contracts | 0.40 | | **Total** | | **-31.83** | - Derivative investment funds originated from self-owned capital. The company has established a "Securities Investment and Derivative Transaction Management System" and related risk control measures, approved by independent directors, to mitigate exchange rate and interest rate fluctuation risks and enhance financial stability[21](index=21&type=chunk)[22](index=22&type=chunk) [Progress of Fundraising Investment Projects](index=13&type=section&id=3.5%20%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E6%8A%95%E8%B5%84%E9%A1%B9%E7%9B%AE%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5) The company had no fundraising investment projects during the reporting period - The company had no fundraising investment projects during the reporting period[23](index=23&type=chunk) [Forecast of 2020 Annual Operating Performance](index=13&type=section&id=3.6%20%E5%AF%B9%202020%20%E5%B9%B4%E5%BA%A6%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company anticipates a significant year-on-year increase in 2020 net profit, primarily due to the major asset restructuring - The company expects its 2020 annual operating performance to increase year-on-year[23](index=23&type=chunk) 2020 Annual Operating Performance Forecast | Indicator | Estimated Amount Year-to-Next Reporting Period End (RMB million) | Prior Year Period (Post-Restructuring) (RMB million) | Change (%) | | :--- | :--- | :--- | :--- | | Cumulative Net Profit Attributable to Parent Company | 1,145.04 - 1,309.24 | 469.56 | 143.85% - 178.82% | | Basic Earnings Per Share (RMB/share) | 0.2625 - 0.3001 | 0.1400 | 87.50% - 114.36% | - The performance growth is primarily due to the completion of the major asset restructuring and the inclusion of the target companies into the company's consolidated financial statements[24](index=24&type=chunk) [Significant Contracts in Ordinary Course of Business](index=13&type=section&id=3.7%20%E6%97%A5%E5%B8%B8%E7%BB%8F%E8%90%A5%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C) The company had no significant contracts in its ordinary course of business during the reporting period - The company had no significant contracts in its ordinary course of business during the reporting period[25](index=25&type=chunk) [Entrusted Wealth Management](index=13&type=section&id=3.8%20%E5%A7%94%E6%89%98%E7%90%86%E8%B4%A2) During the reporting period, the company engaged in entrusted wealth management with its own funds, investing **RMB 264.78 million** in bank wealth management products, with an outstanding balance of **RMB 19.68 million** and no overdue unrecovered amounts Entrusted Wealth Management Status (July-September 2020) | Specific Type | Source of Entrusted Wealth Management Funds | Amount of Entrusted Wealth Management (July-September 2020) (RMB million) | Unexpired Balance (RMB million) | Overdue Unrecovered Amount (RMB million) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Self-owned Funds | 264.78 | 19.68 | 0 | - The company had no significant, low-safety, poor-liquidity, non-principal-guaranteed high-risk entrusted wealth management products, nor any situations where principal was expected to be unrecoverable or other impairment risks existed during the reporting period[25](index=25&type=chunk) [Illegal External Guarantees](index=14&type=section&id=3.9%20%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no instances of illegal external guarantees during the reporting period - The company had no instances of illegal external guarantees during the reporting period[26](index=26&type=chunk) [Non-Operating Funds Occupied by Controlling Shareholders and Related Parties](index=14&type=section&id=3.10%20%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) During the reporting period, there were no non-operating funds occupied by controlling shareholders or their related parties from the listed company - The company had no non-operating funds occupied by controlling shareholders or their related parties from the listed company during the reporting period[26](index=26&type=chunk) [Registration Form for Research, Communication, and Interview Activities](index=15&type=section&id=3.11%20%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) The company hosted **9** institutional investor activities, discussing its development, core businesses, and future plans - During the reporting period, the company hosted **9** institutional investor research, communication, and interview activities[28](index=28&type=chunk)[29](index=29&type=chunk) - Reception objects included Huatai Securities, Dongwu Securities, GF Securities, Guohai Securities, Haitong Securities, Caitong Securities, E Fund Asset Management, Galaxy Fund, Shanghai Zesheng Investment, Changjiang Securities, Noah Fund, Guotai Junan Securities, Boshi Fund, Shenwan Hongyuan, Bank of China Fund, Changxin Fund, Taiping Pension Insurance, Guotai Fund, Guolian'an Fund, HSBC Jintrust, Dongwu Fund, BOCOM Schroders Fund, ABC-CA Fund, Huachuang Securities, China Merchants Securities, and others[28](index=28&type=chunk)[29](index=29&type=chunk) - Key discussion topics covered the company's development history, main businesses before and after restructuring, an overview of the hazardous waste industry, highlights of the company's hazardous waste disposal business, and future development plans[28](index=28&type=chunk)[29](index=29&type=chunk) Part IV Financial Statements [Financial Statements](index=17&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the company's consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements [Financial Statements](index=17&type=section&id=4.1%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides detailed consolidated and parent company financial statements as of September 30, 2020, and for the current period and year-to-date [Consolidated Balance Sheet](index=17&type=section&id=4.1.1%20%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Consolidated total assets reached **RMB 17.76 billion**, with owner's equity attributable to the parent company increasing by **43.31%** Consolidated Balance Sheet Major Data (September 30, 2020) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 17,762,324,433.57 | | Total Current Assets | 7,288,807,970.21 | | Total Non-Current Assets | 10,473,516,463.36 | | Total Liabilities | 9,319,979,751.39 | | Total Current Liabilities | 7,513,431,302.24 | | Total Non-Current Liabilities | 1,806,548,449.15 | | Total Owner's Equity | 8,442,344,682.18 | | Total Owner's Equity Attributable to Parent Company | 7,181,753,820.48 | | Minority Interests | 1,260,590,861.70 | - Compared to December 31, 2019, total assets increased by **5.58%**, and net assets attributable to listed company shareholders increased by **43.31%**[4](index=4&type=chunk) [Parent Company Balance Sheet](index=20&type=section&id=4.1.2%20%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Parent company total assets significantly increased to **RMB 17.89 billion**, with long-term equity investments being a major component Parent Company Balance Sheet Major Data (September 30, 2020) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 17,889,634,739.09 | | Total Current Assets | 1,216,324,774.78 | | Total Non-Current Assets | 16,673,309,964.31 | | Long-Term Equity Investments | 16,465,217,537.24 | | Total Liabilities | 4,212,312,617.84 | | Total Current Liabilities | 3,548,341,756.16 | | Total Non-Current Liabilities | 663,970,861.68 | | Total Owner's Equity | 13,677,322,121.25 | - Compared to December 31, 2019, parent company total assets increased from **RMB 6.64 billion** to **RMB 17.89 billion**, and owner's equity increased from **RMB 3.51 billion** to **RMB 13.68 billion**[37](index=37&type=chunk) [Consolidated Income Statement for the Current Period](index=22&type=section&id=4.1.3%20%E5%90%88%E5%B9%B6%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q3 2020, the company achieved total operating revenue of **RMB 2.49 billion**, a **52.38%** year-on-year increase, with net profit attributable to parent company owners at **RMB 414 million**, up **304.93%**; operating profit and total profit significantly grew, while minority interest income decreased substantially Consolidated Income Statement Major Data (July-September 2020) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,486,405,461.95 | 1,631,672,451.67 | 52.38% | | Total Operating Costs | 2,122,279,412.53 | 1,402,360,834.98 | 51.34% | | Operating Profit | 506,770,680.78 | 280,775,452.70 | 80.50% | | Total Profit | 505,589,926.31 | 282,549,494.90 | 78.94% | | Net Profit | 416,233,720.01 | 264,430,634.50 | 57.49% | | Net Profit Attributable to Parent Company Owners | 413,692,306.25 | 102,164,238.46 | 304.93% | | Minority Interest Income | 2,541,413.76 | 162,266,396.04 | -98.43% | | Basic Earnings Per Share (RMB/share) | 0.0770 | 0.0305 | 152.46% | - Net profit realized by the merged entity before the merger under common control was **RMB 0.00** for the current period, compared to **RMB 241.37 million** for the prior period[41](index=41&type=chunk) [Parent Company Income Statement for the Current Period](index=25&type=section&id=4.1.4%20%E6%AF%8D%E5%85%AC%E5%8F%B8%E6%9C%AC%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q3 2020, the parent company's operating revenue was **RMB 176 million**, a year-on-year decrease, while net profit reached **RMB 43.21 million**, a significant increase from **RMB 0.80 million** in the prior year, primarily driven by investment income Parent Company Income Statement Major Data (July-September 2020) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | | Operating Revenue | 175,661,187.37 | 234,046,542.41 | | Operating Profit | 79,183,576.66 | 751,241.80 | | Total Profit | 79,181,286.66 | 775,453.19 | | Net Profit | 43,212,184.99 | 799,517.53 | | Investment Income | 97,072,212.07 | 20,414,451.01 | [Consolidated Income Statement Year-to-Date](index=27&type=section&id=4.1.5%20%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) As of September 30, 2020, the company's total operating revenue reached **RMB 5.63 billion**, a **21.47%** year-on-year increase, with net profit attributable to parent company owners at **RMB 787 million**, up **128.41%**; total profit and net profit significantly grew, while minority interest income decreased Consolidated Income Statement Major Data (January-September 2020) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 5,627,268,409.77 | 4,632,779,166.20 | 21.47% | | Total Operating Costs | 4,807,325,237.35 | 3,943,679,741.30 | 21.90% | | Operating Profit | 1,250,535,423.17 | 997,322,586.57 | 25.39% | | Total Profit | 1,247,585,057.68 | 989,419,361.82 | 26.09% | | Net Profit | 1,026,698,165.40 | 866,432,975.85 | 18.50% | | Net Profit Attributable to Parent Company Owners | 786,821,260.55 | 344,471,277.02 | 128.41% | | Minority Interest Income | 239,876,904.85 | 521,961,698.83 | -54.05% | | Basic Earnings Per Share (RMB/share) | 0.1954 | 0.1027 | 90.26% | - Net profit realized by the merged entity before the merger under common control was **RMB 370.16 million** for the current period, compared to **RMB 770.60 million** for the prior period[47](index=47&type=chunk)[48](index=48&type=chunk) [Parent Company Income Statement Year-to-Date](index=30&type=section&id=4.1.6%20%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%B9%B4%E5%88%9D%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) Year-to-date parent company operating revenue decreased, but net profit significantly increased, primarily due to investment income Parent Company Income Statement Major Data (January-September 2020) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | | Operating Revenue | 437,537,769.70 | 618,728,657.75 | | Operating Profit | 290,547,273.45 | 44,996,717.46 | | Total Profit | 290,590,725.75 | 44,934,491.85 | | Net Profit | 184,580,056.85 | 46,069,376.08 | | Investment Income | 375,411,713.54 | 121,279,798.04 | [Consolidated Cash Flow Statement Year-to-Date](index=32&type=section&id=4.1.7%20%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Operating cash flow significantly decreased, while financing cash flow substantially increased, and investing cash flow outflow narrowed Consolidated Cash Flow Statement Major Data (January-September 2020) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 46,633,875.62 | 1,389,612,072.31 | -96.64% | | Net Cash Flow from Investing Activities | -1,035,915,596.18 | -1,349,470,201.08 | 23.24% (Outflow Reduction) | | Net Cash Flow from Financing Activities | 307,276,235.82 | -217,117,039.94 | 241.53% | | Net Increase in Cash and Cash Equivalents | -689,682,430.67 | -165,455,288.21 | -316.84% | | Cash and Cash Equivalents at Period End | 1,045,656,552.27 | 1,213,513,039.33 | -13.70% | [Parent Company Cash Flow Statement Year-to-Date](index=34&type=section&id=4.1.8%20%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Parent company operating and financing cash flows turned positive, while investing cash flow significantly decreased Parent Company Cash Flow Statement Major Data (January-September 2020) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 152,850,825.60 | -154,146,820.89 | | Net Cash Flow from Investing Activities | 257,734.29 | 207,918,832.00 | | Net Cash Flow from Financing Activities | 42,642,384.79 | -36,502,638.48 | | Cash and Cash Equivalents at Period End | 231,115,610.96 | 81,491,020.34 | [Explanation of Financial Statement Adjustments](index=35&type=section&id=4.2%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company retrospectively adjusted opening balance sheet items due to the initial adoption of new revenue and lease accounting standards [Adjustments to Opening Financial Statements from Initial Adoption of New Revenue and Lease Standards in 2020](index=35&type=section&id=4.2.1%202020%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E6%94%B6%E5%85%A5%E5%87%86%E5%88%99%E3%80%81%E6%96%B0%E7%A7%9F%E8%B5%81%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9B%B8%E5%85%B3%E9%A1%B9%E7%9B%AE%E6%83%85%E5%86%B5) Initial adoption of new revenue and lease standards led to reclassifications and adjustments in consolidated and parent company balance sheets Consolidated Balance Sheet Major Adjustments (January 1, 2020) | Item | December 31, 2019 (RMB) | January 1, 2020 (RMB) | Adjustment Amount (RMB) | | :--- | :--- | :--- | :--- | | Inventory | 3,486,538,139.62 | 2,657,683,775.04 | -828,854,364.58 | | Contract Assets | - | 662,093,385.15 | 662,093,385.15 | | Other Current Assets | 123,418,773.04 | 183,258,799.10 | 59,840,026.06 | | Advances from Customers | 87,768,079.44 | 2,490,573.57 | -85,277,505.87 | | Contract Liabilities | - | 181,048,455.59 | 181,048,455.59 | | Taxes Payable | 214,565,106.84 | 169,854,015.70 | -44,711,091.14 | | Deferred Income | 210,364,409.54 | 112,663,819.81 | -97,700,589.73 | | Surplus Reserves | 165,394,257.98 | 163,084,398.53 | -2,309,859.45 | | Retained Earnings | 1,689,201,727.12 | 1,661,930,309.95 | -27,271,417.17 | Parent Company Balance Sheet Major Adjustments (January 1, 2020) | Item | December 31, 2019 (RMB) | January 1, 2020 (RMB) | Adjustment Amount (RMB) | | :--- | :--- | :--- | :--- | | Inventory | 621,635,312.52 | 1,916,172.36 | -619,719,140.16 | | Contract Assets | - | 555,937,523.69 | 555,937,523.69 | | Advances from Customers | 61,943,863.33 | - | -61,943,863.33 | | Contract Liabilities | - | 61,943,863.33 | 61,943,863.33 | | Surplus Reserves | 165,394,257.98 | 163,084,398.53 | -2,309,859.45 | | Retained Earnings | 1,196,991,032.70 | 1,176,202,297.61 | -20,788,735.09 | [Explanation of Retrospective Adjustments to Prior Period Comparative Data from Initial Adoption of New Revenue and Lease Standards in 2020](index=41&type=section&id=4.2.2%202020%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E6%94%B6%E5%85%A5%E5%87%86%E5%88%99%E3%80%81%E6%96%B0%E7%A7%9F%E8%B5%81%E5%87%86%E5%88%99%E8%BF%BD%E6%BA%AF%E8%B0%83%E6%95%B4%E5%89%8D%E6%9C%9F%E6%AF%94%E8%BE%83%E6%95%B0%E6%8D%AE%E8%AF%B4%E6%98%8E) The company had no retrospective adjustments to prior period comparative data due to the initial adoption of new revenue and lease accounting standards - The company had no retrospective adjustments to prior period comparative data due to the initial adoption of new revenue and lease accounting standards from 2020[64](index=64&type=chunk) [Audit Report](index=41&type=section&id=4.3%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's Q3 2020 report is unaudited - The company's third-quarter report is unaudited[64](index=64&type=chunk)

浙富控股集团股份有限公司 2020 年半年度报告全文 浙富控股集团股份有限公司 2020 年半年度报告 2020 年 08 月 1 浙富控股集团股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)杨宗霖声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的经营业绩预计等前瞻性陈述可能受宏观环境、市场情况等 影响，存在一定不确定性，不构成公司对投资者的实质性承诺，敬请投资者注 意投资风险。 《中国证券报》、《证券时报》、《上海证券报》、《证券日报》和巨潮资讯网 （http//www.cninfo.com.cn）为本公司的指定信息披露媒体，公司所发布信息均 以上述媒体刊登的为准。敬请投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 5,369,795,962 为基数， 向全体股东每 10 股派发现 ...

浙富控股集团股份有限公司 2019 年年度报告全文 浙富控股集团股份有限公司 2019 年年度报告 2020 年 04 月 1 浙富控股集团股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)杨宗霖声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的经营业绩预计等前瞻性陈述可能受宏观环境、市场情况等 影响，存在一定不确定性，不构成公司对投资者的实质性承诺，敬请投资者注 意投资风险。 《中国证券报》、《证券时报》、《上海证券报》、《证券日报》和巨潮资讯网 （http//www.cninfo.com.cn）为本公司的指定信息披露媒体，公司所发布信息均 以上述媒体刊登的为准。敬请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 浙富控股集团股份有限公司 2019 年年度报告全文 目录 | -- ...

浙富控股集团股份有限公司 2020 年第一季度报告全文 浙富控股集团股份有限公司 2020 年第一季度报告 2020 年 04 月 1 浙富控股集团股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)杨宗霖声明：保证季度报告中财务报表的真实、准确、完整。 2 浙富控股集团股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|--------------------------| | □ 是 √ 否 | 本报告期 | 上 ...

浙富控股集团股份有限公司 2019 年第三季度报告全文 浙富控股集团股份有限公司 2019 年第三季度报告 2019 年 10 月 1 浙富控股集团股份有限公司 2019 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)杨宗霖声明：保证季度报告中财务报表的真实、准确、完整。 2 浙富控股集团股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|---------------- ...

浙富控股集团股份有限公司 2019 年半年度报告全文 浙富控股集团股份有限公司 2019 年半年度报告 2019 年 08 月 1 浙富控股集团股份有限公司 2019 年半年度报告全文 2 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)杨宗霖声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的经营业绩预计等前瞻性陈述可能受宏观环境、市场情况等 影响，存在一定不确定性，不构成公司对投资者的实质性承诺，敬请投资者注 意投资风险。 《中国证券报》、《证券时报》、《上海证券报》、《证券日报》和巨潮资讯网 （http//www.cninfo.com.cn）为本公司的指定信息披露媒体，公司所发布信息均 以上述媒体刊登的为准。敬请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 浙富控股集团股份有限公司 2019 年半年度报告全文 ...

浙富控股集团股份有限公司 2018 年年度报告全文 浙富控股集团股份有限公司 2018 年年度报告 2019 年 04 月 1 浙富控股集团股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人孙毅、主管会计工作负责人李娟及会计机构负责人(会计主管人 员)杨宗霖声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 余永清 董事 因公出差 房振武 本报告所涉及的经营业绩预计等前瞻性陈述可能受宏观环境、市场情况等 影响，存在一定不确定性，不构成公司对投资者的实质性承诺，敬请投资者注 意投资风险。 关于公司经营中可能面临的风险因素，详见本报告第四节"经营情况讨论与 分析 九、公司未来发展的展望"之可能对公司未来发展战略和经营目标产生不 利影响的长大风险因素。敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利 ...