Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB in 2022, representing a year-on-year growth of 15%[17]. - The company's operating revenue for 2022 was ¥3.37 billion, a decrease of 67.83% compared to ¥10.49 billion in 2021[23]. - The net profit attributable to shareholders was -¥5.85 billion, representing a decline of 405.23% from -¥1.16 billion in the previous year[24]. - The net cash flow from operating activities was -¥271.90 million, a significant drop of 136.04% compared to ¥754.54 million in 2021[23]. - The basic earnings per share for 2022 was -¥2.18, down 406.98% from -¥0.43 in 2021[24]. - The company's total revenue for the year was approximately CNY 3.37 billion, a decrease of 67.83% compared to the previous year[70]. - The net profit attributable to shareholders was CNY -58.52 billion, primarily due to substantial asset impairment provisions[65]. - The company reported a net loss of ¥6.111 billion in 2022, significantly impacted by declining gross margins and increased expense ratios[89]. Market Outlook and Growth Strategy - The company has set a future outlook with a revenue target of 1.8 billion RMB for 2023, indicating an expected growth rate of 20%[17]. - The company plans to expand its market reach by entering three new provinces in 2023, aiming to increase its market share by 10%[17]. - The company is actively pursuing new strategies to enhance its market position and operational efficiency[44]. - The company aims to strengthen its hazardous waste disposal business as a key direction for future growth[43]. - The company is focusing on the integration of various waste materials, including steel, stainless steel, waste paper, aluminum, and electronic products[43]. - The company aims to enhance its ecological business by leveraging competitive advantages in the domestic water environment governance market, which is expected to expand significantly by 2025[107]. - By 2025, the company plans to contribute to the "waste-free city" initiative, targeting a significant reduction in solid waste generation and an increase in recycling capabilities across approximately 100 cities[108]. Research and Development - The company has committed to increasing its R&D budget by 25% in 2023 to support innovation and technology advancements[17]. - The company’s R&D investment amounted to ¥113,240,149.91 in 2022, a decrease of 33.42% compared to ¥170,069,655.45 in 2021[88]. - R&D investment accounted for 3.36% of operating revenue in 2022, up from 1.62% in 2021, reflecting a 1.74% increase[88]. - The company has applied for multiple patents, including 1 invention patent and 1 utility model patent related to wastewater treatment technologies[86]. - The company has completed the development of a new type of non-bubble aeration membrane bioreactor (MABR) for river pollution treatment, which is currently in the experimental validation stage[85]. Environmental Initiatives - The company’s environmental projects have contributed to a 40% reduction in carbon emissions in the regions served, aligning with sustainability goals[17]. - The company has implemented over 400 ecological, environmental, and circular economy projects across 31 provinces, municipalities, and autonomous regions in China[42]. - The ecological environment industry is supported by various government policies aimed at enhancing infrastructure and promoting ecological protection[35]. - The company is committed to enhancing safety and environmental training for employees to improve overall safety awareness and emergency response capabilities[116]. - The company aims to achieve low-carbon and circular development in regions through its circular economy initiatives, focusing on the recycling of waste electrical appliances, metals, and vehicles[52]. Risk Management - The company has identified key risks, including regulatory changes and market competition, which could impact future performance[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits over the past three years[24]. - The company faces risks related to delayed project settlements due to local government funding issues, which could impact cash flow and revenue recognition[126]. - The company is closely monitoring macroeconomic conditions and potential financial market risks, adapting its strategies to mitigate impacts from global economic uncertainties[118]. Corporate Governance - The company has established a comprehensive governance framework, adhering to relevant laws and regulations without significant discrepancies[144]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[139]. - The company maintains an independent operational structure, with no interference from the controlling shareholder in decision-making or business activities[138]. - The company has implemented strict information disclosure practices, ensuring timely and accurate communication with investors through designated media[144]. - The company has established an audit committee and internal audit department to oversee internal control implementation[192]. Employee and Management Changes - The company experienced a significant management turnover, with multiple executives resigning for personal reasons, including the resignation of the president and board member Liu Weijie on February 6, 2022[152]. - The company appointed Jia Ying as the new president on February 6, 2023, following the board's restructuring[153]. - The company has a total of 3,239 employees receiving salaries during the reporting period[184]. - The company emphasizes talent development through comprehensive training programs for employees, including management training for mid-to-senior level managers[186][188]. - The company has implemented a third employee stock ownership plan, with 73 employees holding a total of 41,147,634 shares, representing 1.53% of the company's total share capital[190].

Group 1: Company Strategy and Management Changes - Several senior executives left the company at the end of 2014 primarily due to personal reasons and the company's future development strategy [1] - 2014 was a year of significant adjustments for the company across various aspects, including personnel and organizational structure [2] Group 2: Financial Performance and Challenges - The main reason for the decline in 2014's performance was the impact of macro policies and industry downturns [2] - To mitigate potential debt default risks, the company enhanced credit qualification reviews for clients, leading to longer signing cycles and lower-than-expected progress on government projects [2] Group 3: Financial Assurance Model - The company implemented a financial assurance model, acting as an internal investment bank to facilitate cooperation between project parties and financial institutions [2] - In 2014, this model helped the company recover 800 million yuan from old projects [2] Group 4: Focus on PPP Projects - The company is primarily focusing on three market types: PPP projects, traditional government contracts, and subcontracting from general contractors [2] - The government is generally positive towards PPP projects, although some lack the necessary conditions for implementation [3] Group 5: Future Business Development - The company plans to apply the PPP model to water ecology projects, addressing water pollution from a watershed perspective [3] - The company has established a strong technical reserve and is seeking to create a complete industrial chain in water ecology, with no direct competitors currently in the market [3]

Group 1: Market Environment Changes - The external market environment for Oriental Garden has improved significantly compared to two years ago, particularly with the promotion of the PPP model by the government and financial institutions [3][4] - The approval processes and technical standards for water environment governance have matured, facilitating better collaboration with the government [4][5] Group 2: Internal Technical Advancements - The internal technical capabilities of Oriental Garden have matured over the past two years, integrating landscape design with water management expertise [4][5] - The company has developed clear technical indicators for water ecological projects, moving beyond aesthetic considerations to functional requirements [4][5] Group 3: Hazardous Waste Management - The hazardous waste management landscape is shifting from landfill and incineration to more efficient extraction methods, driven by stricter regulations [5][6] - The introduction of penalties for hazardous waste violations has created a more favorable environment for investment in waste management technologies [5] Group 4: PPP Project Selection Criteria - Oriental Garden employs specific criteria for selecting PPP projects, including government financial commitments and the ability to secure loans from financial institutions [6][7] - The company emphasizes the importance of clear technical indicators and government support in the successful execution of PPP projects [9] Group 5: Sponge City Initiatives - The concept of Sponge Cities focuses on integrating water systems with green spaces, primarily around existing water bodies [7][8] - The design and implementation of Sponge City projects require collaboration among various technical disciplines, ensuring comprehensive water resource management [7][8] Group 6: Environmental Remediation Focus - The company is concentrating on three main areas of environmental remediation: water environment restoration, soil pollution remediation, and ecological restoration [10] - The strategic focus aligns with national initiatives for Sponge Cities, particularly in urban river management [10]

证券代码：002310 证券简称：东方园林 北京东方园林生态股份有限公司投资者关系活动记录表 编号：2016-05-31 | --- | --- | --- | |-----------------------|--------------------------|----------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | | 招商基金，许守德；九泰基金，林柏川；瑞华控股，任红 | | 人员姓名 | 骥；引领集团，杨伟达 | 卫；中金基金，王雁杰；长盛基金，王建；华泰证券，黄 | | | | | | 时间 | 2016 年 5 月 31 | 日 下午 14:00-16:00 | | 地点 | 北京市朝阳区酒仙桥北路甲 | 10 号院电子城 IT 产业园 104 号楼 | | | 720 ...

Group 1: Flood Disaster and Sponge City Construction - The severity of this year's flood is attributed to increased rainfall, urban development reducing water retention capacity, and delayed sponge city construction [4] - The government plans to enhance focus on sponge city projects to mitigate urban flooding [4] - The State Council's guidelines aim for 20% sponge city coverage in built-up areas by 2020 and 80% by 2030, with a total market potential of 4 trillion yuan and an annual investment of 300 billion yuan [4] Group 2: Company Involvement in Sponge City Projects - Beijing Oriental Garden has integrated water safety, landscape, and environmental protection into its sponge city projects since 2013, leveraging its technical and financial capabilities [5] - The company has participated in numerous projects, with orders exceeding 300 billion yuan in 2015 and 200 billion yuan in 2016, most of which are related to sponge cities [5] - The company has projects in 4 sponge city pilot cities, indicating a strong market presence [5] Group 3: Financial and Operational Insights - The company's cash flow is significantly supported by PPP projects, which require funding to be in place before implementation [5] - There is potential for the company to issue bonds, with a capacity of 6-7 billion yuan available [5] - The company anticipates a continued positive cash flow trend, building on last year's performance [5] Group 4: Competitive Landscape and Challenges - The main challenges in sponge city construction include government commitment and funding availability [6] - The company possesses a competitive edge due to its comprehensive capabilities in urban planning, landscaping, and water management, which are essential for sponge city projects [6] - While state-owned enterprises also participate in bidding, they typically focus on municipal drainage, which may not match the company's specialized expertise [6]

Group 1: PPP Projects - The government typically incurs financing costs slightly above the bank's benchmark interest rate, and there are annual limits on government bond issuance, necessitating alternative financing methods [3] - In the strict sponge city PPP project sector, the company is considered an industry leader, while less stringent projects face significant competition from various sectors including landscaping, environmental protection, and construction [4] Group 2: Project Receivables - The company has a rigorous project selection process, requiring approval from the risk control committee, which has led to strong receivables from traditional projects due to the good credit of government partners [3] - As of 2015, the company reported good receivables from old projects, and it is expected that this trend will continue in 2016 due to strict adherence to risk control processes [3] Group 3: Project Settlement - Approximately 70% of project payments are settled during the construction phase, with the remaining 30% settled after project completion, depending on government progress [4] - The settlement process has been expedited due to the company's control over the SPV (Special Purpose Vehicle) used for project settlements [3] Group 4: Industrial Hazardous Waste Business - The company holds licenses for three types of hazardous waste management, generating profits of around 200 million annually, with pricing varying by region and waste type [4] - The company’s technological and management capabilities are highlighted as its greatest strengths in the hazardous waste sector [4] Group 5: Profit Distribution - The company plans to complete profit distribution by July 19, 2016, with prior announcements made 3-5 working days in advance [5]

Group 1: Company Operations and Strategy - The company primarily uses its own marketing team for project acquisition, covering nearly 100 cities nationwide [2] - The company has a strong marketing capability, requiring collaboration among multiple teams including finance, investment, and design for project execution [2] - The company has been involved in the sponge city construction since 2013, integrating water safety, ecology, and landscape [4] Group 2: Financial Structure and Investment - In SPV companies, the typical investment ratio for the company is around 50%, with an example of a 1.5 billion CNY investment in a 1 billion CNY project [3] - The company currently has two projects utilizing national key project construction funds, with an annual interest rate of 1.2% from Agricultural Development Bank [3] - The company has approximately 5.3 billion CNY in overdue receivables, which is expected to improve as the proportion of PPP projects increases [4] Group 3: Project Scale and Timeline - In 2015, the company won PPP projects totaling over 30 billion CNY, with completion timelines ranging from 1 to 5 years depending on project size [3] - Smaller projects can be completed within 1-2 years, while larger projects may be divided into sub-projects for phased execution [3]

Group 1: Company Overview and PPP Projects - The company has rich experience in undertaking PPP projects, having started exploring financial guarantee models in early 2014 [1] - In 2015, the company won approximately 330 billion CNY in PPP projects, and in 2016, the amount was around 380 billion CNY [2] - The current total investment of the company's PPP orders (excluding traditional projects) is nearly 900 billion CNY, positioning the company to rapidly capture the optimal market in the coming years [2] Group 2: Project Details and Operations - The company's PPP projects include river basin governance, sponge city construction, park development, and soil remediation, focusing on ecological restoration [2] - The typical construction period for PPP projects is 2-3 years, with expectations for projects to enter the operational phase between 2018 and 2019 [2] Group 3: Financial Aspects and Advantages - Based on last year's experience, the company requires 70% of project progress payments, with normal payment concentrated within 3-4 months [3] - The company has not observed significant negative impacts from rising funding rates on PPP projects in 2017, and new project undertakings are expected to show good growth [3] - The company's integrated planning, design, and construction capabilities, along with strong resource integration, are key advantages in undertaking PPP projects [3] Group 4: Future Directions - The company anticipates a gradual decrease in business volume from traditional BT models, with an increasing proportion of PPP projects in the future [3] - The company is collaborating with financial institutions to build a robust financial platform and increase financing channels [3]

证券代码：002310 证券简称：东方园林 北京东方园林环境股份有限公司投资者关系活动记录表 编号：2017-08-15 | --- | --- | --- | |-----------------------|--------------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 国金证券 | 石人望；华泰证券 黄骥；广发证券 张欣劼；海通 | | 人员姓名 | 证券 毕春晖；东北证券 庞文亮 | 申浩；华夏未来 薛浩洲；平安证券 | | | | | | 时间 | 2017 年 8 月 15 日 | 上午 10:00-12:00 | | 地点 | 北京市朝阳区酒仙桥北路甲 | 10 号院电子城 IT 产业园 104 号楼 | ...

证券代码：002310 证券简称：东方园林 北京东方园林环境股份有限公司投资者关系活动记录表 编号：2018-05-17 | --- | --- | --- | |----------------|-------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | √ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 博时基金 | 李洋、金晟哲、邓云程；长信基金 祝昱丰、梁浩；国 | | 人员姓名 | 泰基金 | 熊翊宇、戴计辉；东方证券 胡晓；平安养老保险 顾益 | | | 辉；东吴基金 | 张浩佳；长江证券 凌润东、任楠、罗松；星石 | | | 投资 | 王荣亮；北信瑞丰基金 张文博；中海晟融 袁潘；国盛 | | | 证券 | 夏天、何亚轩；鹏华基金 商轶；国海富兰克林基金 赵宇 | ...