Financial Performance - The company's operating revenue for Q1 2018 was ¥1,013,900,862.10, representing a 50.77% increase compared to ¥672,467,292.43 in the same period last year[8] - Net profit attributable to shareholders was ¥116,344,036.54, up 22.30% from ¥95,129,107.01 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥116,233,840.50, reflecting a 28.34% increase from ¥90,569,360.23 in the previous year[8] - The basic earnings per share increased by 20.20% to ¥0.1065 from ¥0.0886 in the same period last year[8] - The diluted earnings per share rose by 21.30% to ¥0.1065 compared to ¥0.0878 in the previous year[8] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 34,727.62 to 41,041.73 million CNY, representing a year-on-year increase of 10.00% to 30.00% compared to 31,570.56 million CNY in the first half of 2017[31][32] - The increase in net profit is attributed to the production commencement of the Boyuan Technology coarse powder project, tar hydrogenation, and several new special franchise projects[32] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥84,967,139.46, a decline of 602.53% from ¥16,907,819.16 in the same period last year[8] - Total assets at the end of the reporting period were ¥12,432,457,024.50, down 1.77% from ¥12,655,944,688.29 at the end of the previous year[8] - Net assets attributable to shareholders increased by 2.74% to ¥4,349,166,663.83 from ¥4,233,276,515.63 at the end of the previous year[8] - Cash and cash equivalents decreased by 65.99% due to the payment of due short-term financing[15] Operating Costs and Revenue Drivers - Operating revenue rose by 50.77%, attributed to increased income and costs compared to the same period last year[15] - Operating costs increased by 57.51% due to the production commencement of the technical powder project and the tar hydrogenation project[15] Investments and Expansion Plans - The company plans to establish a joint venture in Guizhou with a total investment of RMB 100 million[16] - A wholly-owned subsidiary is planned to be set up in Xiong'an with an investment of RMB 50 million[17] - The company subscribed to 10,933,400 shares of Beijing Bico Measurement Technology Co., Ltd. at a total investment of RMB 59,040,360[17] Employee Stock Ownership Plans - The 2016 employee stock ownership plan involved the purchase of 22,861,306 shares at an average price of RMB 17.44 per share[19] - The 2017 employee stock ownership plan acquired 14,332,790 shares at an average price of approximately RMB 20.87 per share[20] Management and Shareholder Confidence - Company executives plan to increase their shareholding in the company within three months, reflecting confidence in the company's stable development[25] - The company completed the stock purchase plan by some directors, supervisors, and senior management personnel, ensuring compliance with the commitment to not reduce their holdings within six months after the purchase[30] Compliance and Investor Relations - The company has no violations regarding external guarantees during the reporting period[33] - There are no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[34] - The company has been actively engaging with investors, conducting communication activities on January 31 and March 9, 2018[35]

Financial Performance - Revenue for the reporting period reached CNY 1,584,151,678.81, a 75.73% increase year-on-year[6] - Net profit attributable to shareholders rose by 31.67% to CNY 301,843,754.45 for the reporting period[6] - The net profit after deducting non-recurring gains and losses increased by 31.68% to CNY 294,997,852.17[6] - Basic earnings per share increased by 30.78% to CNY 0.2813[6] - The estimated net profit attributable to shareholders for 2017 is projected to be between RMB 855.83 million and RMB 1,079.09 million, representing a year-on-year increase of 15% to 45%[25] - The net profit for 2016 attributable to shareholders was RMB 744.20 million[25] Assets and Liabilities - Total assets increased by 5.52% to CNY 11,835,851,327.79 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 76% as part of the green bond financing was invested in project construction[14] - Accounts receivable rose by 46%, primarily due to business growth and an increase in accepted bills[14] - Inventory increased by 60%, driven by business growth and higher procurement of goods[14] - The company's short-term borrowings decreased by 42% as it repaid maturing short-term loans[14] Shareholder Information - The total number of shareholders at the end of the reporting period was 77,426[10] - The largest shareholder, Beijing Century Dihe Holdings Co., Ltd., holds 44.82% of the shares, with 363,940,700 shares pledged[10] - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[14] Government and Financial Support - The company received government subsidies amounting to CNY 12,697,966.71 during the reporting period[7] - Financial expenses surged by 425% due to increased interest expenses from higher financing amounts in the previous year[14] Operational Developments - The company's operating revenue increased by 58% due to a steady increase in the number of construction and operation projects during the reporting period[14] - The company reported a 68% increase in operating costs, attributed to revenue growth and rising prices of raw materials and labor[14] Employee Stock Ownership Plan - The company plans to implement a 2017 employee stock ownership plan, which is currently in progress[16] - As of September 30, 2017, 65 out of 76 participants in the stock option incentive plan exercised their options, resulting in an increase of 4,924,690 shares[19] - The company has implemented an employee stock ownership plan in 2017, with progress updates disclosed[21] Subsidiary Developments - The company established a wholly-owned subsidiary in Hong Kong with an investment of up to HKD 10 million, completed registration on July 25, 2017[20] - A wholly-owned subsidiary in India is planned with an investment of up to RMB 3 million, registration is still pending as of the report date[20] Compliance and Governance - There are no violations regarding external guarantees during the reporting period[26] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27] - The company conducted investor relations activities on July 3 and September 5, 2017, with records available on the official website[28] Return on Equity - The weighted average return on equity was 7.34%, a slight increase of 0.18% compared to the previous year[6] Cash Flow - The net cash flow from operating activities decreased by 24.23% to CNY 37,929,135.77[6]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,549,445,188.15, representing a 42.63% increase compared to CNY 1,086,308,283.42 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2017 was CNY 315,705,629.02, an increase of 17.44% from CNY 268,813,349.59 in the previous year[17]. - Basic earnings per share for the first half of 2017 were CNY 0.29, up 16.00% from CNY 0.25 in the previous year[17]. - The total operating revenue for the reporting period reached CNY 1,549,445,188.15, representing a year-on-year increase of 42.63% compared to CNY 1,086,308,283.42 in the same period last year[44]. - The net profit for the first half of 2017 was CNY 323,561,500.32, compared to CNY 277,939,101.34 in the same period last year, representing an increase of approximately 16.4%[156]. - The total comprehensive income of CNY 323,499,358.65, compared to CNY 278,044,465.57 in the previous year, indicating overall financial improvement[157]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 86.06%, reaching CNY 48,724,535.31 compared to CNY 26,187,691.06 in the same period last year[17]. - The company's cash and cash equivalents net increase was -¥963,135,322.03, a significant decrease of 2,574.95% compared to a net increase of ¥38,915,337.75 in the previous year[43]. - The company's cash and cash equivalents at the end of the period were CNY 241,379,440.83, down from CNY 484,757,280.95 at the end of the previous period[164]. - The total cash inflow from financing activities was 950,144,755.70 CNY, while the cash outflow was 1,164,188,277.28 CNY, resulting in a net cash flow of -214,043,521.58 CNY[167]. - The company incurred financial expenses of CNY 26,624,074.64, compared to a financial income of CNY 1,631,898.76 in the previous year, indicating a shift in financial performance[159]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,277,799,974.78, a slight increase of 0.55% from CNY 11,216,201,113.01 at the end of the previous year[17]. - The company's total assets increased to CNY 9,335,153,957.16 from CNY 9,001,701,547.48 year-over-year, showing growth in asset base[153]. - Total liabilities decreased from CNY 7,209,578,383.01 to CNY 7,037,335,300.79, a reduction of about 2.4%[148]. - The company's equity increased to CNY 3,938,935,864.57 from CNY 3,695,691,865.80, reflecting a growth in shareholder value[153]. - The asset-liability ratio improved to 62.40%, down from 64.28% year-on-year, indicating a decrease of 1.88%[138]. Investments and Acquisitions - The company completed the acquisition of 80% of Bohuitong for ¥12.8 million, enhancing its market position[39]. - The company acquired 80% equity of Beijing Bohuitong Technology Development Co., Ltd. for ¥12,800 million, enhancing its capabilities in flue gas treatment and waste gas governance[52]. - The company has ongoing development expenditures amounting to CNY 147,697,276.62, reflecting investment in new technologies[147]. - The company is focusing on expanding its business in industrial pollution control, particularly in coal-fired power plants, with a strong emphasis on ultra-low emissions technology[24]. Research and Development - Research and development investment rose by 59.61% to approximately ¥46.75 million, reflecting the company's commitment to future market expansion[42]. - The company has developed various innovative environmental technologies, including SPC-3D technology, which offers cost-effective solutions for ultra-low emissions in large coal-fired power plants[30]. - The company is actively pursuing technological innovations, including the development of new multi-pollutant removal technologies and zero water replenishment techniques[40]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The total number of ordinary shareholders at the end of the reporting period is 91,295[118]. - The largest shareholder, Beijing Century Dihe Holdings Co., Ltd., holds 45.03% of the shares, totaling 483,226,200 shares, with 264,080,000 shares pledged[118]. - The company has a total of 1,073,196,600 shares after the exercise of stock options by 80 incentive objects, totaling 7,596,600 options exercised[115]. Risks and Management - The company is facing risks from rapid industry changes and market competition, with a focus on tracking industry trends and expanding into new competitive areas to maintain profitability[62]. - Management risks are increasing due to business growth and diversification, prompting the company to enhance management capabilities and internal controls[63]. - The company is addressing cash management risks associated with rising accounts receivable by tightening collection processes and expanding financing channels[64]. Compliance and Governance - The company has not made any adjustments or restatements to previous years' accounting data[17]. - The company has no significant litigation or arbitration matters during the reporting period[77]. - The company has not experienced any penalties or rectification issues during the reporting period[79]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports are true and complete[191].

Financial Performance - The company's operating revenue for 2016 was CNY 3,393,990,299.80, representing a 49.66% increase compared to CNY 2,267,800,223.15 in 2015[19] - Net profit attributable to shareholders reached CNY 744,201,395.60, a 46.69% increase from CNY 507,317,725.00 in the previous year[19] - The basic earnings per share increased to CNY 0.70, up 47.75% from CNY 0.47 in 2015[19] - Total assets at the end of 2016 amounted to CNY 11,216,201,113.01, a 71.46% increase from CNY 6,541,438,262.02 in 2015[19] - The company's net assets attributable to shareholders grew by 25.42% to CNY 3,626,849,717.57 from CNY 2,891,736,261.16 in 2015[19] - The total profit reached CNY 890.97 million, reflecting a growth of 51.88% compared to the previous year[48] - Net profit attributable to shareholders was CNY 744.20 million, up 46.69% year-on-year[48] - The company's gross profit margin decreased to 37.39% in 2016 from 39.99% in 2015, while the operating cost increased by 53.60% to CNY 2,125,118,016.35[53] Cash Flow and Investments - The net cash flow from operating activities was CNY 84,949,093.56, a decrease of 9.85% compared to CNY 94,229,981.82 in 2015[19] - The company’s cash flow from operating activities showed a positive trend, with a net cash flow of ¥34.89 million in Q4 2016[25] - Operating cash inflow increased by 62.98% to approximately ¥2.24 billion in 2016, while operating cash outflow rose by 68.34% to approximately ¥2.15 billion[66] - Net cash flow from financing activities surged by 586.89% to approximately ¥3.01 billion, driven by new investments and loans[67] - Total investment in 2016 reached approximately ¥534.50 million, a significant increase of 471.42% compared to ¥93.54 million in the previous year[73] Research and Development - R&D investment increased by 76.53% in 2016, totaling approximately ¥117.56 million, compared to ¥66.60 million in 2015[65] - The number of R&D personnel decreased by 14.67% to 221 in 2016, while the proportion of R&D personnel remained stable at 16.07%[65] - The company has submitted multiple patent applications for its R&D projects, enhancing its core competitiveness in the industry[64] - The company has developed several innovative technologies, including zero-water wet desulfurization and integrated flue gas purification technologies[32] Market Expansion and Strategy - The company is focusing on expanding its business into non-electric sectors, including petrochemical and steel industries, to enhance its market presence[32] - The company plans to continue benefiting from government policies promoting low emissions, which are expected to sustain growth in the environmental protection industry[34] - The company aims to leverage its technology and capital advantages to participate in international competition and gradually develop international business connections, particularly through its subsidiary in Poland, in line with the "Belt and Road" initiative[86] - The company plans to expand its market presence in non-electric industries such as petrochemicals, steel, cement, glass, and carbon through technology research and development, engineering applications, market expansion, and asset acquisitions[86] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares, based on a total share capital of 1,073,196,600 shares[9] - The company distributed cash dividends of RMB 107,319,660, representing 14.42% of the net profit attributable to ordinary shareholders in 2016[110] - The cash dividend policy has been consistently implemented, with a minimum of 20% of profits allocated for distribution during the growth phase[110] - The company has maintained a positive profit distribution plan for three consecutive years, with cash dividends of RMB 106,560,000 in 2015 and RMB 106,560,000 in 2014[110] Corporate Governance and Compliance - The audit report for the year was issued by Xinyong Zhonghe Accounting Firm, confirming the accuracy and completeness of the financial statements[9] - The company has adhered to all commitments made regarding profit distribution and shareholder rights protection[112] - The company has engaged in multiple investor relations activities throughout 2016, enhancing communication with institutional investors[101] - The company has a robust decision-making process for profit distribution, ensuring transparency and compliance with regulations[105] Environmental and Social Responsibility - The company is positioned to benefit from the expected 13 trillion yuan investment in air, water, and soil remediation projects driven by stricter environmental regulations[82] - The environmental management strategy is shifting from a single focus on pollutant control to a dual focus on environmental improvement and total pollutant control[80] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[156] - The company has not published a social responsibility report[156] Stock Options and Employee Incentives - The 2016 employee stock ownership plan acquired 18,126,401 shares at an average price of 17.29 RMB per share, accounting for 1.70% of the total share capital[124] - The company’s stock option incentive plan was confirmed by the China Securities Regulatory Commission, allowing for the first exercise of options by 80 individuals[173] - The total number of stock option incentive recipients was adjusted from 82 to 80, with the first exercisable quantity being 7.5966 million shares[129] Risk Management - The company recognizes the risks associated with rapid industry changes and increased competition, and it plans to actively monitor market trends to mitigate these risks[96] - The company will enhance its internal management and execution capabilities to address the challenges posed by its expanding business and workforce[97]

Financial Performance - The company's operating revenue for 2016 was CNY 3,393,990,299.80, representing a 49.66% increase compared to CNY 2,267,800,223.15 in 2015[18]. - The net profit attributable to shareholders was CNY 744,201,395.60, up 46.69% from CNY 507,317,725.00 in the previous year[18]. - The basic earnings per share increased to CNY 0.70, a 47.75% rise from CNY 0.47 in 2015[18]. - The total assets at the end of 2016 reached CNY 11,216,201,113.01, marking a 71.46% increase from CNY 6,541,438,262.02 in 2015[18]. - The net assets attributable to shareholders at the end of 2016 were CNY 3,626,849,717.57, a 25.42% increase from CNY 2,891,736,261.16 in 2015[18]. - The total profit reached 890,969,400 CNY, growing by 51.88% compared to the previous year[51]. - Net profit attributable to shareholders was 744,201,400 CNY, reflecting a 46.69% increase year-on-year[51]. - The gross profit margin for the environmental protection industry was 37.39%, slightly down by 1.60% from the previous year[56]. Cash Flow and Investments - The company's cash flow from operating activities was CNY 84,949,093.56, a decrease of 9.85% compared to CNY 94,229,981.82 in 2015[18]. - Operating cash inflow rose by 62.98% to ¥2,237,073,294.64, while operating cash outflow increased by 68.34% to ¥2,152,124,201.08[68]. - Net cash flow from operating activities decreased by 9.85% to ¥84,949,093.56, reflecting a significant difference from net profit due to short-term funding for project implementation[69]. - Investment cash inflow dropped by 92.00% to ¥16,153,500.00, while investment cash outflow surged by 215.58% to ¥2,356,371,297.83[68]. - Financing cash inflow increased by 193.53% to ¥4,763,937,131.00, resulting in a net cash flow from financing activities of ¥3,013,615,883.01, up 586.89%[68]. - Total investment for the reporting period reached ¥534,500,000.00, a significant increase of 471.42% compared to the previous year[74]. Business Operations and Strategy - The company has maintained its main business operations without any changes since its listing[17]. - The company is focusing on expanding its business in non-electric sectors, including petrochemical and steel industries, for flue gas treatment technology[31]. - The company is expanding its non-electricity sector pollution control business while continuing to strengthen its core business in the power industry[46]. - The company aims to expand its non-electric industrial flue gas treatment technologies across various sectors, including petrochemicals, steel, cement, and glass, leveraging its leading technology in ultra-low emissions[87]. - The company plans to enhance its international presence by utilizing its Polish subsidiary as a platform for international service and cooperation, aligning with the national "Belt and Road" strategy[87]. Research and Development - R&D investment increased by 76.53% to ¥117,562,298.63 in 2016, accounting for 3.46% of operating revenue[67]. - The company has developed over 80 core technology patents and is applying for nearly 20 additional patents, focusing on various advanced environmental protection technologies[37]. - The company is focusing on developing new technologies in waste management, with an investment of CNY 50 million allocated for R&D in 2016[162]. Environmental Initiatives - The company maintained its leading position in the coal-fired power plant ultra-low emission market, supported by advanced proprietary technologies[33]. - The company expects continued growth in the environmental protection industry due to stricter national air emission standards[33]. - The atmospheric governance business accounted for 96.58% of total revenue, with a year-on-year growth of 45.55%[54]. - The company has signed contracts for multiple pollution control projects, including a 2×300MW BOT project that passed environmental acceptance in January 2017[47]. - The company is actively involved in the construction and operation of environmental pollution control facilities, with a focus on expanding its market presence[80]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares, based on a total share capital of 1,073,196,600 shares[8]. - The company distributed cash dividends of RMB 107,319,660, representing 14.42% of the net profit attributable to ordinary shareholders in 2016[111]. - The cash dividend per 10 shares for 2016 was RMB 1, with no capital reserve fund conversion to share capital planned[109]. - The company has maintained a consistent cash dividend policy, with cash dividends amounting to RMB 106,560,000 in 2015, which was 21.00% of the net profit[111]. Corporate Governance and Compliance - The company has actively engaged in investor relations activities, including multiple on-site visits by institutions throughout 2016[102]. - The company strictly adheres to information disclosure obligations, ensuring that all information is true, accurate, complete, timely, and fair[156]. - The company has implemented a robust investor relations management system to protect the rights of all shareholders, especially minority shareholders[157]. - The company has no major litigation or arbitration matters during the reporting period[124]. - The company has no penalties or rectification situations during the reporting period[120]. Market and Competitive Landscape - The company faces risks from rapid industry changes and market competition, necessitating proactive monitoring of industry trends and competitive dynamics[97]. - The company is addressing cash management risks associated with increasing accounts receivable due to explosive growth in EPC engineering business, implementing stricter management of receivables[99]. - The company is committed to strengthening internal control management and integration capabilities to mitigate risks associated with investment and acquisition performance[101]. Employee Engagement and Stock Options - The 2016 employee stock ownership plan acquired 18,126,401 shares at an average price of 17.29 RMB per share, accounting for 1.70% of the total share capital[125]. - The company’s stock option incentive plan was approved by the China Securities Regulatory Commission and was implemented in 2014, allowing for the first exercise period in 2016[176]. - The total number of shares held by the management team at the end of the period was 1,993,900 shares[194]. Future Outlook - The company anticipates a substantial increase in environmental investment due to the government's focus on pollution control and environmental quality improvement during the 13th Five-Year Plan[81]. - The company has plans for future growth, emphasizing innovation and market expansion strategies[198].

Financial Performance - The company's operating revenue for the first quarter of 2017 was ¥672,467,292.43, representing a 115.64% increase compared to ¥311,849,910.48 in the same period last year[8] - Net profit attributable to shareholders was ¥95,129,107.01, an increase of 11.60% from ¥85,242,901.54 year-on-year[8] - Basic earnings per share rose to ¥0.09, up 11.59% from ¥0.08 in the same period last year[8] - The net profit attributable to shareholders for the first half of 2017 is expected to increase by 10% to 30%, ranging from CNY 29,569.47 million to CNY 34,945.74 million, compared to CNY 26,881.33 million in the first half of 2016[29] - The company attributes the performance increase to new operational and construction businesses contributing to revenue growth[29] - Net profit for the quarter was ¥101,475,696.65, up from ¥88,356,639.07 year-over-year, reflecting a growth of approximately 14.5%[44] Cash Flow - The net cash flow from operating activities surged to ¥16,907,819.16, a remarkable increase of 989.34% compared to ¥1,552,117.34 in the previous year[8] - The net cash flow from operating activities was CNY 2,344,276.07, a significant improvement compared to a net outflow of CNY 10,524,586.14 in the same period last year[56] - Cash flow from operating activities showed a positive trend, indicating potential operational improvements[56] - The company reported cash outflows from investing activities totaling CNY 828,309,951.72, compared to CNY 196,345,219.27 in the previous year, reflecting increased investment efforts[52] - Cash flow from financing activities resulted in a net outflow of CNY 243,829,606.22, contrasting with a net inflow of CNY 241,305,512.72 in the same period last year[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,993,713,113.64, a decrease of 1.98% from ¥11,216,201,113.01 at the end of the previous year[8] - Current assets totaled CNY 5,023.31 million, down from CNY 5,410.97 million at the start of the period[35] - Total liabilities as of March 31, 2017, were CNY 6,881.16 million, down from CNY 7,209.58 million at the beginning of the period[37] - The company's equity attributable to shareholders increased to CNY 3,726.94 million from CNY 3,626.85 million[38] Expenses - Operating costs rose by 134%, primarily driven by revenue growth and rising prices of raw materials and labor[17] - The company’s financial expenses skyrocketed by 5137%, mainly due to increased interest expenses from higher financing amounts[17] - The company’s management expenses rose by 88%, driven by increased employee compensation and expanded business scale[17] - The total operating expenses increased to CNY 74,505,001.85, up from CNY 43,805,000.08 year-over-year, indicating higher operational costs[48] Shareholder Information - The total number of common shareholders at the end of the reporting period was 69,883[12] - The largest shareholder, Beijing Century Dihe Holdings Co., Ltd., held 45.03% of the shares, amounting to 483,226,200 shares[13] Investments - The company completed the cash acquisition of 80% of Beijing Bohuitong Technology Development Co., Ltd. for RMB 128 million[18] - The company reported an investment loss of CNY 239,844.31, compared to a loss of CNY 2,160,954.83 in the previous year, showing improved performance in this area[48] - The company received CNY 208,730,000.00 from investment recoveries during the quarter[56] - The company incurred CNY 400,000,000.00 in cash payments for investments during the quarter[56] Compliance and Governance - The company did not have any significant changes in accounting policies or restatements of previous years' financial data[8] - The company has maintained compliance with all commitments made during the reporting period[28] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[31] - The company did not conduct an audit for the first quarter report[58] Market Engagement - The company is actively engaging with investors, as evidenced by a site visit on January 10, 2017[32]

Financial Performance - Total assets at the end of the reporting period reached ¥9,762,533,506.02, an increase of 49.24% compared to the previous year[6] - Net assets attributable to shareholders of the listed company amounted to ¥3,297,932,764.09, reflecting a growth of 14.05% year-on-year[6] - Operating revenue for the reporting period was ¥901,444,813.18, representing a 55.78% increase compared to the same period last year[6] - Net profit attributable to shareholders of the listed company was ¥229,245,759.61, up 55.18% year-on-year[6] - Basic earnings per share for the reporting period were ¥0.2151, a 55.08% increase compared to the same period last year[6] - The weighted average return on equity was 7.08%, an increase of 1.32% compared to the previous year[6] - The company reported a net cash flow from operating activities of ¥50,055,685.93, which is a 20.39% increase year-to-date[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,914[10] - Beijing Century Dihe Holdings Co., Ltd. held 45.05% of the shares, with 361,480,000 shares pledged[10] - The company did not engage in any repurchase transactions during the reporting period[11] Asset and Liability Changes - Cash and cash equivalents decreased by 32.83% due to increased payments for construction contracts and asset acquisitions[14] - Accounts receivable increased by 44.82% primarily due to higher revenue from construction contracts[14] - Prepayments surged by 103.79% driven by growth in construction contracts and increased advance payments for projects and equipment[14] - Inventory rose by 109.33% as a result of increased construction contract activities and completed but unsettled assets at the end of the period[14] - Fixed assets increased by 86.71% mainly due to the acquisition of environmental assets from China Aluminum by the subsidiary[14] - Development expenditures grew by 62.73% as the company increased its R&D investments[14] - Short-term borrowings surged by 135.96% due to increased funding needs for construction projects[14] - Accounts payable increased by 219.23% primarily due to the acquisition of environmental assets, with some payments not yet due[14] Other Income and Cash Flow - Other income rose by 445.47% due to new tax incentives related to industrial waste gas treatment[14] - Net cash flow from financing activities increased by 393.83% due to new investments and loans for asset purchases and working capital[14] Capital Structure and Financing - The company plans to issue green bonds not exceeding RMB 11.5 billion to optimize its capital structure and meet funding needs[29] - The National Development and Reform Commission approved the issuance of green bonds up to RMB 10.9 billion, with funds allocated for various projects including RMB 3.3 billion for heat recovery projects and RMB 5.4 billion for working capital[30] Project Contracts and Plans - The company signed a contract for a BOT project with Henan Shenhua Power Co., with a 20-year contract term and a revenue rate of RMB 0.0169 per kWh for a total expected output of 800 billion kWh[31] - The company announced the termination of the plan to issue shares for asset acquisition on October 12, 2016, after multiple progress updates throughout the year[26] - The company held an investor briefing on October 17, 2016, regarding the termination of the asset acquisition plan[27] - The company received approval for its green bond issuance on October 14, 2016, and subsequently published the bond offering prospectus on October 21, 2016[30] - The company has been actively updating the market on the progress of its asset acquisition plans, with multiple announcements made from January to October 2016[24][25][33] Incentive Plans and Governance - The stock options incentive plan was introduced to enhance the governance structure and align the interests of shareholders and management[22] - The company held its first extraordinary general meeting of 2016 on March 31, where it approved the continuation of the asset acquisition plan[25] Future Profit Expectations - The estimated net profit attributable to shareholders for 2016 is expected to range from 65,951.30 to 81,170.83 million CNY, representing a growth of 30% to 60% compared to 50,731.77 million CNY in 2015[36] - The increase in operating business and the significant rise in ongoing EPC projects are the main reasons for the expected performance growth[36] Compliance and Relations - The company has strictly adhered to commitments regarding share transfer limitations for directors and senior management, ensuring no more than 25% of their shares are transferred during their tenure[34] - There are no violations regarding external guarantees during the reporting period, indicating a stable financial position[37] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[38] - The company has engaged in multiple investor relations activities, including site visits on August 24, August 26, and September 21, 2016, to enhance communication with institutional investors[39]

Financial Performance - The company's operating revenue for the first half of 2016 was CNY 1,086,308,283.42, representing a 13.73% increase compared to CNY 955,203,432.37 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 268,813,349.59, marking a 29.54% increase from CNY 207,520,876.42 year-on-year[22]. - The net cash flow from operating activities was CNY 26,187,691.06, which is a 23.47% increase compared to CNY 21,209,114.57 in the previous year[22]. - Basic earnings per share increased to CNY 0.25, up 31.58% from CNY 0.19 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was CNY 267,539,564.62, which is a 28.60% increase compared to CNY 208,044,417.28 in the same period last year[22]. - The company reported a total profit of ¥319,096,516.15, which is a 39.05% increase compared to ¥229,562,340.19 in the same period last year[149]. - The company reported a significant increase in cash flow from financing activities, amounting to RMB 894,747,252.40, a staggering growth of 13,416.62%[40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,999,966,384.68, a 37.58% increase from CNY 6,541,438,262.02 at the end of the previous year[22]. - The company's total liabilities reached CNY 5,513,353,272.07, an increase from CNY 3,513,693,673.40, representing a growth of approximately 56.9%[142]. - Current liabilities rose to CNY 4,716,814,259.44, compared to CNY 2,606,406,333.61, marking an increase of about 80.9%[142]. - Non-current assets totaled CNY 5,690,174,648.78, up from CNY 3,761,011,876.82, reflecting a growth of approximately 51.4%[141]. - The company's total equity attributable to shareholders at the end of the period is CNY 2,603,678,619.34, reflecting a decrease of CNY 532,800,000.00 from the previous year[166]. Investments and Acquisitions - The company is actively pursuing acquisitions, planning to purchase 100% equity of Wan Fang Bo Tong and Bo Hui Tong through a combination of cash and stock issuance[36]. - The company acquired environmental assets from China Aluminum Corporation for a total price of RMB 1,754.36 million, which includes desulfurization, denitrification, and dust removal facilities[78]. - The company has made external investments totaling RMB 484,500,000.00, a substantial increase of 765.18% compared to RMB 56,000,000.00 in the same period last year[53]. Research and Development - The company's research and development investment increased significantly by 120.74%, amounting to ¥29,288,337.98, up from ¥13,268,373.67 in the previous year[39]. - The company has developed over 70 core technology patents and is in the process of applying for nearly 20 additional patents[46]. - The company has introduced new technologies such as the "new generation activated carbon dry method for multi-pollutant removal" and "wet desulfurization and denitrification integration technology" to the market[37]. Operational Highlights - The company successfully launched multiple flue gas desulfurization and denitrification projects, contributing to stable revenue streams from its operations[34]. - The company has several ongoing construction projects, including the Jiangsu Xukang project, which is expected to commence operations within the year[34]. - The company has a total of 125 units under construction or renovation, with a combined capacity of 38,295 MW in the power industry[35]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation and information disclosure[72]. - The company has not made any adjustments or restatements to previous years' financial data due to changes in accounting policies or corrections of accounting errors[22]. - The company’s financial statements are prepared based on the going concern principle, reflecting a history of profitable operations[183]. Shareholder Information - The total number of shares is 1,065,600,000, with 99.91% being unrestricted shares[121]. - The largest shareholder, Beijing Century Dihe Holdings Co., Ltd., holds 45.35% of the shares, amounting to 483,226,200 shares, which are currently pledged[124]. - The company has reported a significant number of shares under pledge, with 383,200,000 shares pledged by the largest shareholder[124]. Future Outlook - Future outlook includes expansion into new markets and potential mergers and acquisitions to enhance growth[115]. - The company is planning to issue shares for asset acquisition, with ongoing announcements regarding the progress of this plan[113]. - The company is considering issuing green bonds to support sustainable projects and initiatives[114].

Financial Performance - Revenue for the first quarter was CNY 311,849,910.48, a decrease of 19.00% compared to CNY 385,022,945.56 in the same period last year[6] - Net profit attributable to shareholders was CNY 85,242,901.54, an increase of 28.10% from CNY 66,543,850.94 year-on-year[6] - Basic earnings per share increased by 33.33% to CNY 0.08 from CNY 0.06 in the same period last year[6] - The net profit attributable to shareholders for the first half of 2016 is expected to increase by 20% to 50%, ranging from 249.03 million to 311.28 million CNY[22] - The net profit for the first half of 2015 was 207.52 million CNY, indicating a significant growth in performance year-over-year[22] - The growth in performance is attributed to the stable operation of newly added business segments and an increase in EPC projects compared to the same period last year[22] Cash Flow and Assets - Net cash flow from operating activities was CNY 1,552,117.34, down 89.96% from CNY 15,457,417.86 in the previous year[6] - Total assets at the end of the reporting period were CNY 6,732,032,287.38, up 2.91% from CNY 6,541,438,262.02 at the end of the previous year[6] - Operating cash flow decreased by 705% as the company provided short-term funding to ensure project implementation amid tight schedules[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 80,351[9] - The largest shareholder, Beijing Century Dihe Holdings Co., Ltd., held 45.35% of the shares, totaling 483,226,200 shares, with 237,230,000 shares pledged[9] Income and Expenses - The company reported non-recurring gains and losses totaling CNY 477,891.78 for the reporting period[7] - Investment income decreased by 148% due to unrealized gains from equity investments, compared to realized gains from subsidiary sales in the previous year[13] - Non-operating income surged by 86,415% primarily due to new tax incentives related to industrial waste gas treatment[13] - Income tax expenses increased by 136% due to profit growth and projects entering a reduced tax period[13] - Operating tax and additional charges rose by 95% due to the growth in construction contract revenue[13] - Sales expenses increased by 46% as the company continued to intensify market development efforts[13] Strategic Developments - There were no significant changes in the company's strategy or new product developments mentioned in the report[12] - The company is currently in a trading suspension due to planning for a major asset acquisition through share issuance[14] - The company plans to issue 2.96 million reserved stock options under its 2014 stock option incentive plan, pending the resumption of trading[15] Liabilities - Other receivables increased by 40% mainly due to the increase in bid guarantee deposits[13] - Accounts payable decreased by 46% primarily due to the maturity and acceptance of accounts payable[13] Return on Investment - The weighted average return on net assets was 2.91%, an increase of 0.20% compared to the previous year[6]

Financial Performance - The company's operating revenue for 2015 was ¥2,267,800,223.15, representing a 77.62% increase compared to ¥1,276,794,616.19 in 2014[16] - The net profit attributable to shareholders for 2015 was ¥507,317,725.00, an increase of 87.49% from ¥270,577,581.68 in 2014[16] - The basic earnings per share for 2015 was ¥0.48, a 92.00% increase from ¥0.25 in 2014[16] - The weighted average return on equity for 2015 was 19.52%, up from 11.63% in 2014, indicating improved profitability[16] - The company reported a diluted earnings per share of ¥0.48 for 2015, consistent with the basic earnings per share[17] - The total profit reached CNY 58,663,930, an increase of 94.65% compared to the previous year[52] - Net profit attributable to shareholders was CNY 50,731,770, marking an 87.49% increase year-on-year[53] - The company's total revenue for the reporting period was approximately CNY 2.27 billion, representing a year-on-year increase of 38.99%[60] - The atmospheric governance business generated revenue of approximately CNY 2.25 billion, with a year-on-year growth of 39.43%[60] Cash Flow and Assets - The net cash flow from operating activities decreased by 53.60% to ¥94,229,981.82 from ¥203,103,398.32 in 2014[16] - Total assets at the end of 2015 were ¥6,541,438,262.02, a 35.97% increase from ¥4,810,816,285.50 at the end of 2014[16] - The net cash flow from investment activities was -¥544,691,703.96, an improvement of 19.10% from -¥673,317,680.52 in 2014[75] - The company's cash and cash equivalents decreased by 99.19%, resulting in a net decrease of ¥2,112,130.18[75] - Accounts receivable increased significantly to ¥1,070,198,000.42, accounting for 16.36% of total assets, up from 9.23% in 2014[78] - The company's inventory rose to ¥558,827,585.64, representing 8.54% of total assets, an increase from 3.01% in 2014[78] Market Expansion and Strategy - The company is actively expanding its market presence in non-electric sectors such as petrochemicals and steel, focusing on research and development of flue gas treatment technologies[29] - The company has established new subsidiaries in Yancheng, Shandong, and Shanxi to expand its environmental market presence[50] - The company plans to expand its market share in the power sector while also entering non-electric fields such as petrochemicals, steel, and cement, establishing benchmark projects to create new profit growth points[109] - The company intends to expand its ultra-low emission market space by leveraging its SPC-3D technology and gradually applying new technologies to non-electric sectors[113] - The company is in the preparatory phase for new projects in Shandong and Shanxi provinces, indicating ongoing market expansion efforts[102] Research and Development - In 2015, the company's R&D investment amounted to ¥66,597,775.62, representing a 79.81% increase from ¥37,037,143.01 in 2014[72] - The number of R&D personnel increased to 259, up 2.78% from 252 in 2014, but the proportion of R&D personnel to total staff decreased to 16.00% from 42.00%[72] - The company has developed over 70 core technology patents and is currently applying for nearly 10 additional patents, showcasing its strong innovation capabilities in environmental protection technologies[35] - The company is committed to continuous investment in technology innovation, establishing a vertical management model for R&D, and enhancing collaboration with research institutions[111] Environmental Commitment - The company has developed advanced technologies for flue gas treatment, including high-efficiency desulfurization and integrated desulfurization and dust removal technology, which have been successfully applied in industrial flue gas governance[29] - The company is focusing on the development of advanced desulfurization technologies, as seen in the 1×660MW capacity enhancement project for Guohua Power[48] - The company aims to achieve a breakthrough in international business while maintaining rapid internal growth through strategic acquisitions and resource integration[114] - The company emphasized its commitment to sustainable practices, aiming to reduce carbon emissions by 30% over the next five years through innovative technologies[176] Shareholder and Dividend Information - The company plans to distribute cash dividends at a rate of RMB 1 per 10 shares for the year 2015, with a total cash dividend amounting to RMB 106,560,000[130] - The company achieved a cash dividend of RMB 106,560,000 for the year 2015, representing 20.81% of the net profit attributable to ordinary shareholders[128] - The company has maintained a consistent cash dividend policy, with cash dividends of RMB 106,560,000 in both 2014 and 2015, reflecting a stable return to investors[129] - The company reported a significant increase in undistributed profits, reaching RMB 885,623,154.08 by the end of 2015[128] Management and Governance - The company has a robust management team with extensive experience, ensuring competitive advantages in flue gas desulfurization and denitrification operations[39] - The company is addressing management risks associated with rapid business expansion and increasing employee numbers through enhanced training and internal controls[117] - The company has established a transparent and stable profit distribution mechanism to protect the interests of minority shareholders[124] - The company has implemented a stock option incentive plan, granting a total of 13.52 million stock options to 86 eligible participants, accounting for 2.54% of the total share capital[144] Contracts and Projects - The company has successfully undertaken a variety of "turnkey" projects, providing comprehensive solutions for flue gas treatment, including design, construction, and operational support[38] - The company has secured multiple new construction and renovation projects, significantly increasing its market share in the flue gas treatment sector[46] - The company signed a significant contract for a BOT project with Shanxi Ping Shuo Coal Gangue Power Co., with an operational service fee of CNY 0.0152 per kWh[61] - The company announced a successful bid for a BOT project involving two 600MW units, focusing on ultra-low emissions renovation[170] Financial Management - The company has reported a net interest income of RMB 49,255,404.00 from the raised funds[87] - The company has committed to using the raised funds for specific projects, with a total of RMB 50,805.52 million (30.97%) allocated for changes in use[87] - The company has established a fundraising account specifically for the Tokto Power Plant project, which is now closed with a total balance of 0[87] - The company has not reported any significant non-equity investments during the reporting period[86]