Financial Performance - The company's revenue for Q3 2022 was ¥1,671,254,952.11, representing a year-over-year increase of 0.20%[6] - Net profit attributable to shareholders for Q3 2022 was ¥105,944,124.86, up 10.53% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥105,235,391.49, reflecting a 10.84% increase year-over-year[6] - Revenue for the period reached ¥5,470,758,436.98, a 46.77% increase compared to ¥3,727,536,352.90 in the same period last year, attributed to business expansion and increased consolidation scope[12] - Total operating revenue for the third quarter reached ¥5,470,758,436.98, a significant increase of 46.7% compared to ¥3,727,536,352.90 in the same period last year[31] - Net profit for the quarter was ¥431,966,730.22, representing a 16.1% increase from ¥371,961,125.17 in the previous year[31] - The total comprehensive income for the period was CNY 433,620,281.54, compared to CNY 372,201,189.87 in the previous period, reflecting an increase of approximately 16.5%[33] Assets and Liabilities - The total assets as of the end of Q3 2022 reached ¥23,186,923,934.14, a 7.41% increase from the end of the previous year[6] - The total assets of Beijing Qingxin Environment Technology Co., Ltd. reached RMB 23,186,923,934.14, an increase from RMB 21,586,748,892.50 at the beginning of the year, representing a growth of approximately 7.43%[24] - The total liabilities increased to ¥15,589,092,862.84, up from ¥14,690,444,320.39, indicating a growth of 6.1%[31] - The total liabilities decreased significantly, with long-term payables down 80.68% to ¥115,920,220.81, due to repayment of loans from non-financial institutions[12] Equity and Shareholder Information - The company's total equity attributable to shareholders was ¥6,408,024,987.35, up 5.24% from the previous year-end[6] - The total equity attributable to shareholders of the parent company reached ¥6,408,024,987.35, an increase from ¥6,089,171,641.20, marking a growth of 5.2%[31] - The number of ordinary shareholders reached 57,194, with the largest shareholder holding 41.46% of the shares[16] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥463,840,404.49, showing a significant increase of 94.61%[6] - The net cash flow from operating activities improved to ¥463,840,404.49, a 94.61% increase from ¥238,340,349.84, driven by enhanced collection of receivables and increased government subsidies[15] - Cash received from sales of goods and services amounted to CNY 4,828,363,062.40, significantly higher than CNY 2,750,750,165.94 in the prior period, representing an increase of approximately 75.4%[34] - The net cash flow from investing activities was -CNY 939,255,173.44, an improvement from -CNY 2,913,145,144.56, showing a reduction in cash outflow by about 67.8%[37] - The company's total cash inflow from financing activities was CNY 4,797,965,055.11, down from CNY 7,769,924,687.26, reflecting a decrease of approximately 38.3%[37] - The net increase in cash and cash equivalents was -CNY 450,425,638.07, compared to an increase of CNY 506,642,602.18 in the previous period, indicating a significant shift in cash flow dynamics[37] Expenses and Costs - The company reported a 54.42% increase in operating costs, totaling ¥4,388,753,525.34, primarily due to rising raw material prices and labor costs[12] - The financial expenses for the quarter were ¥292,156,322.82, up from ¥216,187,659.67, indicating a rise of 35.1%[31] - The company's research and development expenses rose to ¥56,082,707.65, reflecting a 55.18% increase as the company intensified its R&D efforts[12] - The company's research and development expenses rose to ¥56,082,707.65, compared to ¥36,140,550.23 in the same quarter last year, reflecting a 55.2% increase[31] Inventory and Contract Assets - Inventory increased by 44.11% to ¥1,739,614,880.20, attributed to increased contract performance costs and inventory for newly acquired companies[9] - Contract assets increased to ¥796,617,256.70, up 79.37% year-over-year due to business scale growth[12] Government Subsidies and Grants - The company recognized government subsidies amounting to ¥8,538,375.04 during the reporting period[8] - The company received CNY 152,762,944.00 in tax refunds, compared to CNY 76,845,214.39 in the previous period, marking an increase of about 98.5%[34] Goodwill and Investments - Goodwill increased to ¥637,822,087.50, a 94.30% rise due to the acquisition of new companies[12] - The company’s goodwill increased significantly to RMB 637,822,087.50 from RMB 328,261,405.79, representing an increase of approximately 94%[24] - The company’s investment income surged to ¥54,782,762.61, marking a 188.59% increase, attributed to improved performance of joint ventures[12]

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 3,799,503,484.87, representing an increase of 86.84% compared to the same period last year[25]. - The net profit attributable to shareholders was CNY 262,928,608.69, up 60.00% year-on-year[25]. - The net profit after deducting non-recurring gains and losses was CNY 239,919,712.65, an increase of 46.05% compared to the previous year[25]. - The basic earnings per share (EPS) was CNY 0.1873, a decrease of 4.00% from the previous year[25]. - The total assets at the end of the reporting period amounted to CNY 22,671,586,124.27, reflecting a growth of 5.03% from the end of the previous year[25]. - The net assets attributable to shareholders were CNY 6,354,598,760.93, an increase of 4.36% compared to the previous year[25]. - The net cash flow from operating activities was CNY 89,838,606.07, down 58.33% year-on-year[25]. - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company reported a revenue of ¥3,799,503,484.87 for the current period, representing an increase of 86.84% compared to ¥2,033,531,167.91 in the same period last year, attributed to business expansion and an increase in the scope of consolidation[77]. - Operating costs rose to ¥3,030,582,241.78, a 104.26% increase from ¥1,483,692,731.33 in the previous year, driven by the increase in revenue[77]. Operational Highlights - The company has undertaken a total of 1114 units with a cumulative capacity of over 296 million kW in thermal power projects, maintaining a leading position in the industry[42]. - The annual water supply volume from the company's water supply and drainage projects is approximately 180 million m³, with an annual sewage treatment capacity of about 490 million m³[43]. - The company has successfully integrated 17 waste heat power generation projects with a total installed capacity of 179.5 MW, leading the industry in this area[45]. - The company has expanded its resource recycling business, focusing on hazardous waste disposal and resource recovery, with key projects in multiple regions[48]. - The company operates under various business models including EPC, BOT, EMC, and PPP to enhance operational efficiency and project management[49][50]. - The company is actively involved in the development of low-carbon energy services and has successfully completed projects in the industrial sector[45]. - The company has established a complete treatment system combining storage, disposal, and resource utilization in hazardous waste management[48]. - The company has established a comprehensive treatment system for solid and hazardous waste disposal, with operational projects in Xinjiang and ongoing projects in Ya'an and Dazhou, indicating significant scale in this sector[60]. Environmental Initiatives - The company aims to achieve a comprehensive environmental service model, integrating technology research and development, engineering design, and operational services[41]. - The company has a strategic focus on ecological restoration and has undertaken over 100 soil pollution prevention and assessment projects[44]. - The company aims to achieve a 40% rural sewage treatment rate by 2025, as outlined in the national environmental policies[53]. - The company is focusing on carbon capture and utilization technologies, as well as energy management and storage solutions, to align with national carbon neutrality goals[55]. - The company is committed to enhancing its comprehensive environmental governance and low-carbon energy services during the 14th Five-Year Plan period[60]. - The company has implemented a new incentive plan for employees, approved by the board and supervisory committee, ensuring the legality and effectiveness of the incentive recipients[137]. - The company is committed to maintaining compliance with environmental regulations and improving sustainability practices[142]. Research and Development - The company holds a total of 511 patents, including 72 invention patents, 16 design patents, and 423 utility model patents, along with 179 software copyrights[68]. - The company has developed multiple proprietary technologies, including high-efficiency spraying and dust removal technologies, which are crucial for driving profit expansion[54]. - Research and development expenses increased by 9.60% to CNY 45,438,585.75 from CNY 41,458,953.02 year-on-year[80]. - The company emphasizes the importance of technological innovation and has established a postdoctoral workstation to attract top talent in the environmental sector[63]. Market Expansion and Strategy - The company plans to deepen its market penetration in the Chengdu-Chongqing region and the Guangdong-Hong Kong-Macao Greater Bay Area for its water services business[60]. - The company is actively pursuing new market opportunities in Southeast Asia and Central Asia under the RCEP agreement, aiming to expand its environmental services[58]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[82]. - The company aims to integrate environmental market resources and develop into a platform-type company in the environmental industry, promoting healthy industry development[75]. Compliance and Risk Management - The company faces various operational risks and has outlined measures to mitigate these risks in its report[5]. - The company is actively managing risks related to the ongoing COVID-19 pandemic to minimize its impact on operations[118]. - The company is focused on optimizing its governance structure and improving management systems to mitigate integration risks following acquisitions, ensuring cultural and operational alignment[120]. - The company’s management is committed to enhancing safety and environmental protection measures to minimize operational risks[123]. Shareholder Engagement - The company held two temporary shareholder meetings in 2022 with participation rates of 60.33% and 59.02% respectively, indicating strong shareholder engagement[126]. - The employee stock ownership plan includes 429 employees holding a total of 14,332,790 shares, representing 1.02% of the company's total equity[138]. Legal Matters - The company is involved in ongoing litigation affecting the use rights of certain operating assets, which may impact future financial performance[95]. - The company has initiated legal proceedings regarding a dispute over the purchase of properties, which are currently under provisional seizure[94]. - The company anticipates that the contracts related to the pledged assets will continue to be executed despite ongoing legal disputes[94].

Financial Performance - The company's operating revenue for 2021 was CNY 6,879,750,886.31, representing a 46.34% increase compared to CNY 4,701,121,602.84 in 2020[26] - The net profit attributable to shareholders of the listed company reached CNY 568,217,585.68, a 66.70% increase from CNY 340,871,003.11 in the previous year[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 500,166,981.29, showing a significant increase of 196.87% compared to CNY 168,478,202.12 in 2020[26] - Basic and diluted earnings per share increased by 36.26% to ¥0.4295 from ¥0.3152 in the previous year[29] - The weighted average return on equity rose to 8.36%, up from 5.15% the previous year, reflecting a 3.21% increase[29] - Total assets increased by 31.25% to ¥21,586,748,892.50 from ¥16,447,404,452.09 in the previous year[29] - Net assets attributable to shareholders decreased by 4.77% to ¥6,089,171,641.20 from ¥6,394,132,999.22 in the previous year[29] - The company reported a total of ¥68,050,604.39 in non-recurring gains for 2021, compared to ¥172,389,604.03 in 2020[37] - The total cost of sales for 2021 was ¥5,324,938,408.42, reflecting a year-on-year increase of 37.04% from ¥3,885,742,475.34 in 2020[98] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares to all shareholders, based on a total of 1,403,721,079 shares[6] Business Strategy and Market Position - The company has not changed its main business since its listing, maintaining a focus on environmental protection technology[24] - Future outlook includes expansion into new markets and potential mergers and acquisitions to enhance growth[6] - The company is actively investing in new product development and technological advancements to strengthen its market position[6] - The company aims to align with national policies on carbon peak and carbon neutrality, focusing on energy efficiency improvement and zero-carbon technologies in industries such as power, coking, and steel[61] - The company has a strategic focus on ecological restoration, low-carbon energy services, and resource recycling, with a commitment to sustainable development[47] - The company is leveraging government policies to drive long-term growth in the green low-carbon environmental industry, with significant funding allocated for pollution prevention and control[57] - The company aims to strengthen its presence in the comprehensive energy service business and expand its water service operations nationwide, particularly in the Sichuan-Chongqing region and the Guangdong-Hong Kong-Macao Greater Bay Area[66] Technological Innovation and R&D - The company is actively pursuing technological innovations in carbon capture and utilization, energy management, and low-cost composite catalysts for VOCs treatment[60] - The company has established a post-doctoral workstation and a research institute, enhancing its strategic planning and management capabilities[76] - The company has been recognized as a national enterprise technology center, indicating a significant enhancement in its innovation capabilities[70] - R&D investment increased by 17.18% from 160,236,123.57 CNY in 2020 to 187,770,492.65 CNY in 2021[115] - The number of R&D personnel decreased by 17.27% from 2020 to 2021, with the proportion of R&D staff dropping from 11.87% to 3.35%[112] Operational Performance - The company reported a significant increase in user data and engagement metrics, reflecting growth in its service offerings[26] - The financial report indicates a strong recovery and growth trajectory post-pandemic, with positive indicators for future performance[26] - The company has implemented localized project management and strengthened cost control measures to ensure the normal operation of overseas projects amid international challenges[64] - The company has successfully launched several industrial demonstration projects, including a steam boiler flue gas waste heat recovery system[106] Environmental and Social Responsibility - The company has developed a comprehensive treatment system for hazardous waste, focusing on storage, disposal, and resource utilization[54] - The company is committed to enhancing its environmental governance and circular economy initiatives during the 14th Five-Year Plan period[66] - The company emphasizes its core values of innovation, cooperation, and responsibility, which have contributed to its brand development and project quality[73] Challenges and Risks - The company faces risks from ongoing COVID-19 pandemic impacts and will continue to improve project safety protocols to mitigate these risks[196] - The company acknowledges increasing competition in the environmental protection industry and will focus on enhancing innovation and management capabilities to maintain a competitive edge[197] - There are integration risks associated with acquisitions due to potential cultural, procedural, and financial discrepancies between the acquired entities and the company[200] Investment and Financing Activities - The company raised CNY 1,579,999,997.10 through a private placement of shares, with a net amount of CNY 1,573,610,894.29 after expenses[137] - The total investment amount for the reporting period reached CNY 3,391,345,685.77, representing a 131.53% increase compared to CNY 1,464,725,167.59 in the same period last year[128] - The company has committed CNY 24,000 million for working capital through bond issuance, with 100% of the funds utilized[138] - The company is developing a smart environmental cloud platform with an investment of CNY 15,000 million, which is currently at 0% utilization[145] Subsidiary Performance - The company’s subsidiary, Sichuan Development Guorun Water Investment Co., Ltd., reported total assets of approximately 5.79 billion yuan and net profit of approximately 152.19 million yuan[179] - The company’s subsidiary, Beijing Qingxin Environmental Energy, reported total assets of approximately 1.89 billion yuan and net profit of approximately 80.12 million yuan[179]

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,818,539,363.54, representing a 103.37% increase compared to the same period last year[3]. - The net profit attributable to shareholders was ¥116,016,479.91, showing a slight increase of 1.68% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥109,697,365.53, which is a 40.83% increase compared to the previous year[3]. - Total operating revenue for the current period reached ¥1,818,539,363.54, a significant increase from ¥894,189,230.31 in the previous period, representing a growth of approximately 103.5%[21]. - Net profit for the current period was ¥128,701,479.50, compared to ¥123,541,398.65 in the previous period, reflecting a growth of approximately 4.5%[24]. - The company reported a total comprehensive income of ¥128,473,312.12, compared to ¥123,925,869.47 in the previous period, reflecting an increase of approximately 3.4%[27]. Cash Flow - The net cash flow from operating activities was -¥221,443,610.00, a significant decrease of 282.77% compared to the same period last year[3]. - Cash flow from operating activities was ¥1,107,593,780.04, compared to ¥736,456,338.78 in the previous period, showing an increase of about 50.4%[28]. - Operating cash inflow totaled $1,362,128,880.79, an increase from $981,690,640.55 in the previous period[31]. - Net cash outflow from operating activities was $221,443,610.00, compared to a net inflow of $121,156,477.73 previously[31]. - The company reported a significant increase in cash paid for operating activities, totaling $1,583,572,490.79, compared to $860,534,162.82 previously[31]. - The company's cash and cash equivalents decreased from CNY 1,596,648,403.01 at the beginning of the year to CNY 1,292,275,317.70 at the end of the period, reflecting a decline of approximately 19.0%[14]. - The ending balance of cash and cash equivalents was $1,126,442,972.35, down from $1,859,858,052.83[34]. - The company’s cash and cash equivalents decreased by $380,481,203.44 during the period, contrasting with an increase of $1,513,846,118.59 in the previous period[31]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥21,485,881,706.21, a decrease of 0.47% from the end of the previous year[3]. - Total assets decreased from CNY 21,586,748,892.50 to CNY 21,485,881,706.21, reflecting a decrease of approximately 0.5%[17]. - The company's total liabilities decreased to ¥14,461,103,821.98 from ¥14,690,444,320.39, a reduction of about 1.6%[20]. - Total equity increased to ¥7,024,777,884.23 from ¥6,896,304,572.11, marking an increase of approximately 1.9%[20]. - Accounts receivable increased from CNY 4,421,062,452.92 to CNY 4,760,047,423.04, representing an increase of about 7.7%[14]. - The company has a total of 9,500,242,675.37 in current assets, which is a key indicator of liquidity[14]. - Non-current assets decreased from CNY 12,165,541,085.06 to CNY 11,985,639,030.84, showing a decline of about 1.5%[17]. - Short-term borrowings increased from CNY 1,960,233,815.10 to CNY 2,151,692,668.88, which is an increase of about 9.8%[17]. - The company's accounts payable increased from CNY 2,272,629,136.85 to CNY 2,309,697,855.31, representing an increase of approximately 1.6%[17]. - The company reported a decrease in other payables from CNY 510,212,942.89 to CNY 414,517,967.57, indicating a decline of about 18.7%[17]. Research and Development - The company increased its R&D expenditure by 137% to support and encourage innovation[6]. - Research and development expenses rose to ¥16,183,688.47 from ¥12,777,305.37, an increase of approximately 26.5%[24]. Shareholder Information - The top shareholder, Sichuan Ecological Environment Industry Group, holds 42.47% of the shares, with a total of 596,118,979 shares[10].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,667,974,651.31, representing a 90.11% increase compared to CNY 877,362,136.99 in the same period last year[5] - Net profit attributable to shareholders was CNY 95,854,704.16, an increase of 8.85% from CNY 88,059,107.07 in the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 94,942,896.31, up 28.74% from CNY 73,745,720.18 year-on-year[5] - The company experienced a 56.91% increase in operating income for the year-to-date period, totaling CNY 3,727,536,352.90 compared to CNY 2,375,608,748.68 in the previous year[5] - Operating revenue for the third quarter reached ¥3,727,536,352.90, up 56.9% from ¥2,375,608,748.68 in the same period last year[53] - Net profit for the quarter was ¥371,961,125.17, an increase of 22.7% compared to ¥303,018,571.71 in the previous year[61] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 20,110,417,323.49, a 21.03% increase from CNY 16,615,644,370.76 at the end of the previous year[7] - Total assets increased to ¥20,110,417,323.49 from ¥16,615,644,370.76, representing a growth of approximately 21.5% year-over-year[52] - The total liabilities rose to ¥13,393,996,720.66, compared to ¥9,893,094,964.18, marking a 35.7% increase[36] - Non-current liabilities totaled ¥6,773,664,948.13, up from ¥4,145,373,909.15, indicating a growth of 63.4%[35] - Current liabilities totaled CNY 5,747,721,055.03, while total liabilities reached CNY 9,893,094,964.18[80] - Non-current liabilities were CNY 4,145,373,909.15, including long-term borrowings of CNY 2,560,662,714.74 and bonds payable of CNY 991,255,406.96[80] Cash Flow - The company reported a significant increase in cash flow from investment activities, up 305.03% due to payments for acquisitions[12] - The total cash inflow from operating activities was CNY 3,205,920,451.19, an increase of 20.8% compared to CNY 2,652,283,977.72 in the previous period[68] - The net cash flow from operating activities was CNY 238,340,349.84, down 23.2% from CNY 310,578,876.52 in the previous period[68] - Cash inflow from investment activities totaled CNY 630,163,125.84, significantly up from CNY 59,219,844.68 in the previous period[69] - The net cash flow from investment activities was CNY -2,913,145,144.56, worsening from CNY -719,249,221.67 in the previous period[69] - Cash inflow from financing activities reached CNY 7,769,924,687.26, compared to CNY 3,663,835,189.28 in the previous period, marking an increase of 112.3%[69] - The net cash flow from financing activities was CNY 3,181,403,518.00, a significant increase from CNY 269,697,171.98 in the previous period[69] - The ending cash and cash equivalents balance was CNY 1,190,823,052.38, up from CNY 436,117,613.64 in the previous period[69] Equity and Earnings - The company’s basic earnings per share for the reporting period was CNY 0.0739, a decrease of 9.21% compared to CNY 0.0814 in the previous year[7] - The company reported a basic earnings per share of ¥0.2680, slightly down from ¥0.2701 in the previous year[64] - The company’s total equity attributable to shareholders decreased by 5.80% to CNY 6,016,442,562.16 from CNY 6,387,007,041.25[7] - The total equity attributable to shareholders decreased to ¥6,016,442,562.16 from ¥6,387,007,041.25, a decline of approximately 5.8%[49] Acquisitions and Investments - The company successfully acquired 100% equity of Sichuan Development Guorun Water Investment Co., Ltd., with the transaction completed on July 29, 2021[20] - The company has signed a supplementary agreement regarding the acquisition of Sichuan Development Guorun Water Investment Co., Ltd. on August 2, 2021[20] - The company’s goodwill increased by 302.39% due to new acquisitions during the reporting period[12] - The company's goodwill increased to ¥381,296,417.48 from ¥94,757,351.42, indicating significant growth in this area[24] - The company’s long-term equity investments rose to ¥866,460,637.73 from ¥605,772,878.18, showing an increase of approximately 43%[24] Expenses - The company’s management expenses rose by 63.81% as a result of the newly acquired companies[12] - Research and development expenses were ¥36,140,550.23, up from ¥24,895,704.18, reflecting a 45.4% increase, indicating a focus on innovation[61] Other Information - The third quarter report was not audited, indicating that the figures presented are subject to further verification[84]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,655,102,282.77, representing a 35.26% increase compared to ¥1,223,685,513.64 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥164,247,120.93, up 23.77% from ¥132,701,845.07 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥164,275,051.80, reflecting a 23.92% increase from ¥132,567,192.92 year-on-year[22]. - The net cash flow from operating activities was ¥157,127,196.77, which is a 12.65% increase compared to ¥139,479,161.59 in the same period last year[22]. - Total assets at the end of the reporting period reached ¥12,855,759,677.99, a 17.29% increase from ¥10,960,870,318.00 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥6,268,305,543.98, marking a 34.22% increase from ¥4,670,206,686.16 at the end of the previous year[22]. - Basic earnings per share for the reporting period were ¥0.1322, up 5.34% from ¥0.1255 in the same period last year[22]. - The diluted earnings per share also stood at ¥0.1322, reflecting a 5.34% increase compared to ¥0.1255 year-on-year[22]. - The weighted average return on net assets was 3.46%, an increase of 0.73% from 2.73% in the previous year[22]. - The company’s operating costs increased to ¥1,282,100,222.65, a 34.89% rise from ¥950,488,035.28, in line with the revenue growth[53]. Business Operations - The company operates in the industrial environmental governance sector, focusing on industrial flue gas treatment, energy conservation, resource utilization, hazardous waste management, and ecological restoration[32]. - As of the end of the reporting period, the company has five business divisions: Operations, Engineering, Resource Utilization, Hazardous Waste, and Energy Conservation[32]. - The company has developed proprietary technologies including high-efficiency spraying, dust removal, and various flue gas purification techniques, contributing to its competitive edge in the market[35]. - The company is actively exploring carbon capture and utilization technologies, aiming for net-zero carbon emissions in the coking industry through a joint project with Shanxi Jinyan Industrial Group[39]. - The company has expanded its international presence, securing multiple project collaborations in countries such as India, Brazil, Pakistan, Turkey, and South Korea[36]. - The company emphasizes innovation and has established a modern organizational structure to enhance operational efficiency and attract top talent in the environmental sector[42]. - The company is positioned to benefit from supportive environmental policies and aims to increase its market share in the energy conservation and resource utilization sectors[35]. - The company has invested in two hazardous waste disposal projects and is expanding its capabilities in wastewater treatment and ecological restoration[39]. - The company is committed to maintaining a strong brand presence and operational excellence while pursuing international market opportunities[40]. - The company is focused on achieving significant growth in the green industry by 2025, aligning with national carbon reduction goals[35]. Research and Development - The company has a well-established R&D team, including postdoctoral researchers and senior professionals, which supports its comprehensive innovation system across various stages of industrialization[43]. - The company's total assets include 355 patents, with 69 being invention patents and 286 utility model patents, showcasing its strong focus on technological innovation[44]. - Research and development expenses decreased by 37.72% to ¥41,458,953.02, as existing projects entered later stages and new projects are being prepared[60]. Financial Strategies and Investments - The company raised ¥1.58 billion through a private placement of 322,448,979 shares, which will optimize its capital structure and provide sufficient funding for future development[47]. - The company reported an investment amount of ¥333,250,508.57 for the reporting period, a significant increase of 643.43% compared to ¥44,814,113.87 in the same period last year[73]. - The company completed a non-public offering of A-shares, raising a total of CNY 1,579,999,997.10, with a net amount of CNY 1,573,610,894.29 after expenses[148]. - The company has completed a sale-leaseback financing lease with ICBC Financial Leasing for a total financing amount of RMB 150 million[119]. - A sale-leaseback financing lease with CITIC Financial Leasing for RMB 250 million has been completed for desulfurization assets[120]. - The company is executing a sale-leaseback financing lease with China Merchants Finance Leasing for RMB 100 million related to desulfurization assets[123]. - The total guarantee amount approved during the reporting period was CNY 72,000 million, with actual guarantees amounting to CNY 61,647 million[138]. - The total approved guarantee amount at the end of the reporting period was CNY 152,000 million, with an actual guarantee balance of CNY 77,909.4 million[140]. - The actual total guarantee amount accounted for 12.43% of the company's net assets[141]. Market and Competitive Landscape - The company is facing risks from market competition, with a focus on enhancing innovation and management capabilities to maintain a competitive edge[80]. - The company is actively monitoring international business risks and has implemented measures to mitigate potential impacts from macroeconomic fluctuations[80]. Corporate Governance and Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[96]. - There were no significant lawsuits or arbitration matters during the reporting period[108]. - The company has not engaged in any related party transactions during the reporting period[109]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[102]. - The company has not encountered any major contracts or leasing issues during the reporting period[117]. - The company has not engaged in entrusted wealth management during the reporting period[146]. - The company has no significant contracts related to daily operations during the reporting period[147]. Social Responsibility - The company has actively participated in poverty alleviation efforts, donating 100,000 CNY to support local projects[98]. - The company has established a leadership group for COVID-19 prevention and developed a remote intelligent diagnosis system to support operations during the pandemic[97].

Financial Performance - The company reported a total revenue of 1,403,721,079 CNY for the year 2020, with a cash dividend distribution of 1 CNY per 10 shares to all shareholders[7]. - The company's operating revenue for 2020 was approximately ¥4.12 billion, representing a 22.15% increase compared to ¥3.38 billion in 2019[6]. - The net profit attributable to shareholders for 2020 was approximately ¥210 million, a decrease of 44.72% from ¥380 million in 2019[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥168 million, down 55.23% from ¥376 million in 2019[6]. - The net cash flow from operating activities for 2020 was approximately ¥328 million, a significant decline of 75.63% compared to ¥1.35 billion in 2019[6]. - The total assets at the end of 2020 were approximately ¥10.96 billion, an increase of 10.42% from ¥9.93 billion at the end of 2019[6]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥4.67 billion, a decrease of 4.62% from ¥4.90 billion at the end of 2019[6]. - The company reported a significant drop in basic and diluted earnings per share to ¥0.1942, down 44.72% from ¥0.3513 in 2019[6]. - The weighted average return on net assets decreased to 4.53% in 2020, down 3.43% from 7.96% in 2019[6]. Business Operations and Strategy - The company has not changed its main business since its listing, maintaining its focus on environmental technology[24]. - The company plans to further expand its business in energy conservation, hazardous waste, resource utilization, and smart environment sectors[39]. - The company achieved significant growth in the environmental protection industry, driven by stringent environmental policies and technological innovation[42]. - The company is actively participating in the "Green Belt and Road" initiative, aiming to enhance its global environmental governance business through project expansion and strategic partnerships[46]. - The company is committed to achieving the "dual carbon" strategy goals, exploring carbon emission reduction technologies and enhancing its service offerings in the environmental sector[49]. - The company aims to enhance its market expansion and technological innovation capabilities, positioning itself for high-quality development in the environmental protection industry[66]. - The company plans to continue focusing on traditional coal-fired flue gas governance while expanding into carbon capture technology and energy-saving solutions[106]. Research and Development - The company has authorized a total of 219 patents, including 35 invention patents and 7 PCT patents, as of the end of the reporting period[58]. - The company has filed 48 patent applications in 2020, including 18 invention patents and 30 utility model patents[58]. - The company has a robust R&D team, including postdoctoral researchers and professors, to support its technological innovation efforts[56]. - Research and development expenses increased by 72.59% to approximately 125.30 million RMB, reflecting the company's commitment to innovation[103]. - The total R&D investment for 2020 was approximately 160.24 million RMB, a 21.90% increase from 2019[107]. - The R&D personnel count increased to 220, representing 11.87% of the total workforce, indicating a slight increase in R&D focus[107]. Market Expansion and International Presence - The company has expanded its international market presence, securing multiple project collaborations in countries like India, Brazil, and Turkey, despite challenges posed by the pandemic[46]. - The company is focusing on expanding its overseas market presence, particularly in India and Southeast Asia, with a contract worth approximately 427 million RMB signed during the pandemic[75]. - The company has actively expanded its international market presence while leveraging its strong brand and operational advantages[55]. Investments and Projects - The company invested approximately ¥5 billion in a new hazardous waste disposal project in Ya'an, Sichuan, and approximately ¥4.5 billion in another project in Dazhou, Sichuan[39]. - The hazardous waste business has expanded significantly, with total investments in projects amounting to approximately CNY 9.5 billion, including CNY 5 billion for the Ya'an project and CNY 4.5 billion for the Dazhou project[79]. - The company acquired a waste heat utilization project for 805.8 million RMB, enhancing its investment and merger experience[64]. - The company signed new market contracts worth 2.044 billion RMB in 2020, expanding its market share in both the power and non-power sectors[75]. Corporate Governance and Management - The company has implemented a performance assessment system and employee training to enhance overall management efficiency[55]. - The company has established a modern organizational structure to optimize strategic planning and resource integration[55]. - The company has a structured approach to managing investment and acquisition risks, including regular feasibility assessments and internal control management[146]. - The company has committed to enhancing its management capabilities to adapt to the diverse and expanding nature of its business operations[145]. Awards and Recognition - The company has received multiple industry awards, including being named one of the "Top 50 Environmental Enterprises in China" in 2020[59]. - In 2020, the company was awarded the first prize in the Electric Power Technology Innovation Award for its "Ultra-low Emission Technology Research and Engineering Application for Large Coal-fired Power Units" project[58]. - The company has been recognized as a leading entity in the environmental protection industry, with its founder receiving accolades for influence in the field[59]. Financial Management and Cash Flow - Operating cash inflow for 2020 was CNY 2,811,294,382.83, a decrease of 24.41% compared to 2019[108]. - Net cash flow from operating activities was CNY 328,015,372.54, down 75.63% year-on-year[112]. - Financing cash inflow reached CNY 2,625,287,500.00, up 47.67% from 2019[112]. - Net cash flow from financing activities was CNY 346,825,633.93, a 125.90% increase compared to the previous year[113]. - Cash and cash equivalents decreased by CNY 36,031,556.38, a significant increase of 2,516.78% in net decrease compared to 2019[112]. Shareholder Information - The company distributed a cash dividend of 1.00 RMB per 10 shares, totaling 140,372,107.90 RMB, which represents 66.84% of the total distributable profit[158]. - The total number of shares for the dividend distribution is 1,403,721,079 shares, with a remaining undistributed profit of 2,248,051,804.91 RMB to be carried forward to future years[158]. - The cash dividend for 2019 was RMB 162,190,815.00, which accounted for 42.69% of the net profit attributable to ordinary shareholders[155].

Financial Performance - The company's operating revenue for Q1 2021 was ¥723,465,864.68, representing an increase of 11.87% compared to ¥646,705,990.82 in the same period last year[8] - The net profit attributable to shareholders of the listed company was ¥78,569,407.13, up 15.19% from ¥68,209,847.55 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,893,297.26, reflecting a 14.61% increase from ¥67,962,058.98 in the previous year[8] - The basic earnings per share for the reporting period was ¥0.0727, an increase of 15.21% compared to ¥0.0631 in the same period last year[8] - The diluted earnings per share also stood at ¥0.0727, reflecting a 15.21% increase year-on-year[8] - The total comprehensive income for the current period was CNY 85,807,536.18, up from CNY 71,449,197.62, showing strong overall performance[60] Cash Flow - The net cash flow from operating activities surged by 406.38% to ¥122,005,037.43, compared to ¥24,093,496.29 in the same period last year[8] - Cash inflow from operating activities totaled CNY 836,085,033.81, up from CNY 587,875,771.44, representing an increase of about 42.3%[72] - Cash received from sales of goods and services was CNY 614,405,651.00, compared to CNY 506,669,744.22 in the prior period, indicating a growth of approximately 21.3%[68] - The net cash flow from financing activities was CNY 1,459,529,190.43, a significant rise from CNY 523,947,186.84 in the prior year, indicating an increase of approximately 178.5%[74] Assets and Liabilities - The total assets at the end of the reporting period reached ¥12,379,540,539.92, marking a 12.94% increase from ¥10,960,870,318.00 at the end of the previous year[8] - The total liabilities decreased to ¥5,519,248,201.32 from ¥5,387,100,718.81, indicating a reduction of about 2.45%[49] - Long-term borrowings increased by 38.65%, indicating new long-term financing activities[19] - The company's total liabilities and equity reached ¥12,379,540,539.92, compared to ¥10,960,870,318.00, an increase of approximately 12.1%[43] Investment and Expenses - Research and development expenses surged by 1357.03%, reflecting the company's increased investment in innovation[19] - Financial expenses rose to CNY 42,972,831.04 from CNY 28,351,947.91, primarily due to increased interest expenses[57] - The investment income for the current period was CNY 5,456,770.21, a significant increase from CNY 1,612,551.11 in the previous period[61] Other Income and Gains - The company reported non-recurring gains and losses totaling ¥676,109.87 for the reporting period[8] - The company reported a significant increase in other income, which rose by 341.34% due to training subsidies received[19] - The company reported a significant increase in other income to CNY 15,285,786.06 from CNY 9,731,124.28, contributing to overall revenue growth[57] Compliance and Standards - The company has no reported violations regarding external guarantees during the reporting period[26] - The first quarter report for Beijing Qingxin Environment Technology Co., Ltd. is unaudited[81] - The company has implemented the new leasing standards starting from 2021, affecting prior comparative data[81]

Financial Performance - Operating revenue decreased by 3.35% to CNY 708,305,510.06 for the reporting period, and decreased by 19.68% to CNY 1,916,325,597.81 year-to-date[7] - Net profit attributable to shareholders decreased by 56.74% to CNY 45,122,115.20 for the reporting period, and decreased by 43.96% to CNY 180,774,580.79 year-to-date[7] - Basic earnings per share decreased by 56.74% to CNY 0.0417 for the reporting period, and decreased by 43.95% year-to-date[7] - The company reported a decrease of 59.39% in net profit after deducting non-recurring gains and losses to CNY 42,161,188.98 for the reporting period[7] - Net profit decreased by 43.22% impacted by the pandemic[21] - The company reported a net profit of ¥2,638,256,186.12, up from ¥2,619,672,420.32, indicating a slight increase of about 0.7%[46] - Net profit for the current period is CNY 41,625,343.31, down from CNY 104,393,883.62 in the previous period[61] - Net profit for the current period is ¥87,171,118.80, an increase of 36.2% compared to ¥63,999,056.28 in the previous period[72] - The company reported a comprehensive income total of CNY 32,794,824.76, down from CNY 104,456,415.08 in the previous period[64] - Comprehensive income total for the current period is ¥175,029,189.28, compared to ¥323,810,829.65 in the previous period, reflecting a significant decrease[79] Assets and Liabilities - Total assets increased by 4.62% to CNY 10,385,202,352.82 compared to the end of the previous year[7] - The total assets of the company reached approximately CNY 9.93 billion, with current assets totaling around CNY 5.16 billion[111] - The company’s total liabilities rose to ¥5,273,363,735.80 from ¥4,827,705,017.57, representing an increase of approximately 9.2%[46] - Total liabilities increased to CNY 4,978,343,488.25 from CNY 4,521,762,516.64[53] - The company has a long-term loan of approximately CNY 562.81 million, indicating reliance on debt financing[108] - The company has total non-current liabilities of approximately CNY 886.54 million, contributing to a total liabilities figure of CNY 4.83 billion[108] - Current liabilities decreased to ¥3,423,277,996.80 from ¥3,941,166,072.95, reflecting a reduction of approximately 13.1%[43] - The company has short-term borrowings of approximately 485.8 million[114] - The company has long-term borrowings of approximately 448.4 million[114] Cash Flow - Net cash flow from operating activities decreased by 72.98% to CNY 86,782,657.60 for the reporting period, and decreased by 77.48% year-to-date[7] - Operating cash flow decreased by 77.48% due to a lower recovery of historical debts compared to the previous year[21] - Cash flow from operating activities was ¥226,261,819.19, significantly lower than ¥1,004,758,492.57 in the previous period, representing an 77.53% decrease[89] - Cash inflow from operating activities totaled ¥2,245,342,321.10, down 15.7% from ¥2,663,291,471.12 in the previous period[95] - The company received green corporate bond fundraising during the reporting period, leading to a 105.30% increase in financing cash flow[21] - Total cash inflow from financing activities reached ¥1,702,037,500.00, up 146.5% from ¥691,002,502.26 in the prior period[98] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,917[11] - The largest shareholder, Sichuan Development Environment Investment Group Co., Ltd., holds 25.31% of the shares[11] - The company plans to issue non-public shares, pending approval from the China Securities Regulatory Commission[22] Inventory and Receivables - Accounts receivable decreased by 56.99% due to the maturity and release of pledged notes[21] - Inventory decreased by 57.92% as a result of reclassification under new revenue standards[21] - The company reported a significant decrease in inventory, with a reduction of approximately CNY 846.59 million compared to the previous period[111] - Accounts receivable decreased to ¥1,861,529,314.87 from ¥2,338,030,748.69, a decline of about 20.4%[47] Research and Development - Development expenses rose by 155.56% as core equipment R&D investments increased during the reporting period[21] - Research and development expenses rose to CNY 12,590,649.59 from CNY 10,450,287.42[58] - Research and development expenses for the current period are ¥24,895,704.18, slightly down from ¥25,519,804.85 in the previous period[72] - Research and development expenses increased slightly to ¥21,339,190.31 from ¥20,813,484.56, reflecting a 2.52% increase[83] Other Income and Expenses - Other income decreased by 39.06% due to delays in subsidy applications caused by the pandemic[21] - Other income decreased to CNY 10,109,463.93 from CNY 18,473,749.90[58] - Financial expenses increased to CNY 44,216,731.08 from CNY 39,668,478.09, with interest expenses slightly decreasing[58] - Tax expenses for the current period are ¥1,675,392.11, down from ¥3,286,448.13 in the previous period, a decrease of 49.1%[72] - Financial expenses for the current period are ¥109,130,582.10, a decrease from ¥113,356,208.43 in the previous period[74] Capital and Equity - The total equity attributable to shareholders increased to ¥4,906,103,166.35 from ¥4,896,277,670.28, reflecting a growth of approximately 0.2%[46] - The company's equity attributable to shareholders was approximately CNY 4.90 billion, with retained earnings of CNY 2.62 billion[108] - Owner's equity totaled approximately 4.89 billion, with retained earnings of about 2.63 billion[118] - The company reported a capital reserve of approximately 842.5 million[118]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,208,020,087.75, a decrease of 26.93% compared to CNY 1,653,161,205.60 in the same period last year[22]. - Net profit attributable to shareholders was CNY 135,652,465.59, down 37.85% from CNY 218,256,135.69 year-on-year[22]. - The net cash flow from operating activities was CNY 139,479,161.59, a significant decline of 79.60% compared to CNY 683,633,301.30 in the previous year[22]. - Basic earnings per share decreased to CNY 0.1255, down 37.84% from CNY 0.2019 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was CNY 135,517,813.44, a decrease of 37.56% from CNY 217,025,137.75 year-on-year[22]. - The weighted average return on net assets was 2.73%, down from 4.58% in the previous year, a decrease of 1.85%[22]. - The company's operating revenue for the reporting period was approximately ¥1.21 billion, a decrease of 26.93% compared to ¥1.65 billion in the same period last year[67]. - The net cash flow from operating activities decreased by 79.60% to approximately ¥139.48 million, down from ¥683.63 million in the previous year due to slower recovery of historical receivables[67]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,360,647,831.14, an increase of 4.37% from CNY 9,926,635,026.60 at the end of the previous year[22]. - The net assets attributable to shareholders were CNY 4,869,766,956.29, a slight decrease of 0.54% from CNY 4,896,277,670.28 at the end of the previous year[22]. - As of June 2020, cash and cash equivalents amounted to ¥681,118,280.26, representing 6.57% of total assets, an increase of 2.65% compared to the previous year[72]. - Accounts receivable totaled ¥2,109,608,975.67, accounting for 20.36% of total assets, a decrease of 6.33% from the previous year due to better cash collection and slower project progress[75]. - Inventory was reported at ¥406,809,385.08, making up 3.93% of total assets, down 9.57% year-on-year as part of the inventory was reclassified to contract assets and liabilities[75]. - Fixed assets reached ¥3,580,403,879.43, which is 34.56% of total assets, reflecting an increase of 2.27% compared to the previous year[75]. - Long-term borrowings decreased to ¥618,242,664.72, representing 5.97% of total assets, down 3.06% from the previous year[75]. - The debt-to-asset ratio stands at 50.98%, reflecting a 2.35% increase from the previous year[189]. Business Operations and Strategy - The company operates in four main business segments: Operations Division, Engineering Division, Resource Utilization Division, and Energy Saving Division, focusing on industrial environmental governance and energy conservation[31]. - The company is actively expanding its international presence, having secured multiple project collaborations in countries such as India, Brazil, and Turkey, as part of its participation in the "Belt and Road" initiative[37]. - The company aims to leverage its technological innovations to enhance profitability and expand its market share in the energy-saving and environmental sectors[36]. - The company is focused on risk management in its international operations, employing strategies to mitigate potential challenges in foreign markets[37]. - The company has made significant strides in wastewater treatment and solid waste disposal, aligning with national efforts to improve environmental standards[38]. - The company is implementing innovative management practices to reduce costs and improve efficiency amid the pandemic[101]. Research and Development - Research and development investment increased by 29.53% to approximately ¥66.57 million, compared to ¥51.39 million in the previous year[67]. - As of June 2020, the company had authorized a total of 145 patents, including 26 invention patents and 113 utility model patents[62]. - The company has developed a comprehensive innovation system covering the entire lifecycle of industrialization, ensuring a strong technical foundation for innovation[43]. - The company has established a post-doctoral workstation and a research institute to attract top talent in the environmental protection field[42]. Financial Instruments and Investments - The company successfully issued green corporate bonds worth 800 million yuan with a coupon rate of 3.79% during the reporting period[58]. - The total amount of raised funds was ¥79,500,000, with ¥55,345.53 invested during the reporting period[87]. - The company issued green corporate bonds with a total balance of 80,000 million at an interest rate of 3.79%, maturing on March 13, 2025[179]. - The company strictly adhered to the use of raised funds as per the bond prospectus, with a remaining balance of 24,154.47 million[184]. Shareholder Information - The largest shareholder, Sichuan Development Environmental Investment Group Co., Ltd., holds 273,670,000 shares, representing 25.31% of total shares[157]. - Beijing Century Dihe Holdings Co., Ltd. holds 216,201,570 shares, accounting for 20.00% of total shares[157]. - The total number of common shareholders at the end of the reporting period was 68,099[157]. - The company experienced a decrease of 594,033 shares in restricted shares, resulting in a total of 2,116,862 restricted shares post-adjustment[149]. Corporate Governance - The company held two temporary shareholder meetings and one annual meeting during the reporting period, with participation rates of 49.79% and 50.65% respectively[104]. - The half-year financial report has not been audited[107]. - The company reported no related party transactions during the reporting period[114]. - There were no significant non-raised fund investment projects during the reporting period[95]. Environmental and Regulatory Compliance - The company does not have any major environmental protection issues and is not listed as a key pollutant discharge unit by environmental authorities[140]. - There were no violations regarding external guarantees during the reporting period[137]. - The company has not initiated any targeted poverty alleviation work during the reporting year and has no subsequent plans[141].