证券代码：002616 证券简称：长青集团 广东长青（集团）股份有限公司投资者关系活动记录表 编号：20150915 | --- | --- | --- | |--------------|----------------------------------------|-------| | | ■ 特定对象调研 □分析师会议 | | | 投资者关系活 | □ 媒体采访 □业绩说明会 | | | 动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □其他 （请文字说明其他活动内容） | | | 参与单位名称 | 1 、中国国际金融有限公司 孙维容 | | | 及人员姓名 | 2、中国国际金融香港证券有限公司 许汪洋 | | | | 3 、上投摩根基金管理有限公司 张富盛 | | | | 4 、泰康资产管理有限责任公司 王伟 | | | | 5 、东吴证券股份有限公司 翟堃 | | | | 6 、国信证券股份有限公司 王健朗 | | | | 7、上海通晟资产管理有限公司 董力伟 | | | | 8、光大证券股份有限公司 李培玉 | | | | 9 、广东银石投资有限公司 关启亮 ...

证券代码：002616 证券简称：长青集团 广东长青（集团）股份有限公司投资者关系活动记录表 编号：2016-0906 | --- | --- | --- | --- | |--------------|-----------------------|-------------------------------------|-------| | | | | | | | ■ | 特定对象调研 □分析师会议 | | | 投资者关系活 | □ | 媒体采访 □业绩说明会 | | | 动类别 | □新闻发布会 □路演活动 | | | | | □ 现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参与单位名称 | 1 | 、宁波宁电投资发展有限公司 卢小龙 | | | 及人员姓名 | 2 | 、泰康资产管理有限责任公司 吕无双 | | | | 3 | 、北京金百镕投资管理有限公司 夏振东 | | | | | 4、国泰君安证券股份有限公司 王 锐 | | | | | 5、南方基金管理有限公司 李锦文 | | | | 6 | 、前海开源基金管理有限公司 刘 宏 | | | | 7 | 、 ...

证券代码：002616 证券简称：长青集团 | --- | --- | --- | |----------------|---------------------------------------|---------------------------------------------| | | ■ 特定对象调研 □分析师会议 | | | 投资者关系活动 | □ 媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称及 | 1 、国海证券股份有限公司 赵越 | | | 人员姓名 | 2、深圳乾明资产管理有限公司 韦霄 | | | | 3 、光大资本投资有限公司 王锐 | | | | 4、财通证券股份有限公司 李旦洋 | | | | 5 、昀斐旸投资管理有限公司 马云飞 | | | | 6 、深圳市滨海基金管理有限公司 陈扬枫 | | | | 7 、第一创业创新资本管理有限公司 胡杰 | | | | 8 、诺安基金管理有限公司 丁云波 | | | | 9 、深圳证券时报传媒有限公司 ...

证券代码：002616 证券简称：长青集团 广东长青（集团）股份有限公司投资者关系活动记录表 编号：2020-0603 | --- | --- | |----------------|---------------------------------------| | | | | | ■ 特定对象调研 □分析师会议 | | 投资者关系活动 | □ 媒体采访 □业绩说明会 | | 类别 | □ 新闻发布会 □路演活动 | | | □ 现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 1 、大成基金管理有限公司 成 琦 | | 人员姓名 | 2、华宝基金管理有限公司 黄超杰 | | | 3 、广发基金管理有限公司 徐 弛 | | | 4、华富基金管理有限公司 戴弘毅、芦 山 | | | 5 、中海基金管理有限公司 魏 敏 | | | 6、长江证券股份有限公司 贾少波 | | --- | --- | |----------------|--------------------------------------------------------| | | 7 、华创证券有限责任 ...

证券代码：002616 证券简称：长青集团 广东长青（集团）股份有限公司投资者关系活动记录表 编号：2018-1126 | --- | --- | |----------------|-----------------------------------------| | | | | | ■ 特定对象调研 □分析师会议 | | 投资者关系活动 | □ 媒体采访 □业绩说明会 | | 类别 | □ 新闻发布会 □路演活动 | | | ■ 现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 1 、安信证券股份有限公司 马丁 | | 人员姓名 | 2 、华泰证券股份有限公司 王玮嘉、赵伟博 | | | 3 、长江证券股份有限公司 徐科、贾少波 | | | 4 、长江联合金融租赁有限公司 印年生 | | | 5 、东方证券股份有限公司 徐浩瀚 | | | 6、民生证券股份有限公司 杨任重 | | --- | --- | |-------|-----------------------------------------------| | | | | 7 | 、新时代证券股份有限公司 ...

Financial Performance - The company's revenue for Q3 2022 was ¥767,809,025.39, representing a 15.56% increase compared to ¥615,830,206.47 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥19,962,225.87, an improvement of 69.15% from a loss of ¥47,071,027.94 in the previous year[5]. - Total operating revenue for the third quarter reached CNY 2,394,420,829.47, an increase of 14.5% compared to CNY 2,090,277,057.18 in the same period last year[30]. - The net profit for the third quarter was a loss of CNY 14,245,457.28, compared to a loss of CNY 11,057,029.92 in the previous year, indicating a worsening of 28.5%[32]. - The basic earnings per share for the quarter was reported at -0.0212, compared to -0.0190 in the same quarter last year[33]. Cash Flow and Liquidity - The operating cash flow net amount increased by 174.26% to ¥381,439,934.85 compared to ¥139,078,163.81 in the same period last year[5]. - Operating cash inflow for the current period reached CNY 2,459,581,170.06, a 42.7% increase from CNY 1,724,738,636.93 in the previous period[34]. - Net cash flow from operating activities was CNY 381,439,934.85, compared to CNY 139,078,163.81 in the previous period, reflecting a significant improvement[34]. - The ending balance of cash and cash equivalents was CNY 371,624,038.95, compared to CNY 251,856,495.04 in the previous period, showing an increase in liquidity[35]. - Cash received from sales of goods and services was CNY 2,244,223,698.49, up from CNY 1,577,574,768.79, indicating strong revenue growth[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,750,046,706.76, reflecting a 1.01% increase from ¥9,662,413,985.97 at the end of the previous year[5]. - Total assets increased to CNY 9,750,046,706.76 from CNY 9,652,447,816.54, representing a growth of 1.0%[30]. - Total liabilities rose to CNY 7,334,934,430.72, compared to CNY 7,210,803,517.57, marking an increase of 1.7%[30]. - The company's cash and cash equivalents decreased from RMB 391.29 million at the beginning of the year to RMB 383.04 million by September 30, 2022[28]. - Accounts receivable increased from RMB 1.48 billion at the beginning of the year to RMB 1.82 billion by September 30, 2022[28]. Shareholder Information - The company’s major shareholders include He Qiqiang and Mai Zhenghui, holding 25.77% and 23.06% of shares respectively[20]. - The company’s total number of ordinary shareholders at the end of the reporting period was 30,976[20]. - The company reported a total of 68,577 shares converted from convertible bonds, representing 0.0092% of the total shares before conversion[27]. Strategic Initiatives - The company plans to transfer 100% equity of Shaoguan Qujiang Changqing Environmental Thermal Power Co., Ltd. to Shaoneng Group Shaoguan Risheng Biomass Power Co., Ltd. as part of strategic adjustments[22]. - The company intends to conduct a private placement of A-shares to raise no more than RMB 706.63 million, with the issuance not exceeding 30% of the total share capital as of June 30, 2022[23]. - The total investment for the proposed projects funded by the private placement amounts to RMB 819.52 million, with specific allocations for various environmental projects[25]. Expenses and Costs - The company's financial expenses increased by 45% due to interest expenses from new fixed assets[15]. - Total operating costs amounted to CNY 2,379,910,136.25, up from CNY 2,093,536,930.29, reflecting a year-over-year increase of 13.7%[30]. - The company reported a significant increase in financial expenses, totaling CNY 180,755,581.08, up from CNY 124,662,492.35, reflecting a rise of 44.9%[30]. - The company's research and development expenses decreased by ¥2,025,600 compared to the previous year, primarily due to changes in the scope of consolidation after asset sales[14]. Other Comprehensive Income - The company's other comprehensive income increased by 294.81%, mainly due to foreign currency exchange differences[12]. - Other comprehensive income after tax showed a loss of CNY 11,126,404.60, contrasting with a gain of CNY 7,927,438.86 in the previous year[32]. Audit Information - The company did not conduct an audit for the third quarter report[36].

Financial Performance - The company reported a revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 10%[14]. - The company's operating revenue for the reporting period was CNY 1,626,611,804.08, representing a 12.87% increase compared to the previous year[20]. - Future guidance indicates a projected revenue growth of 12% for the second half of 2022, with an expected total revenue of 3.2 billion RMB for the year[14]. - The total operating revenue for the reporting period was CNY 1,626,611,804.08, representing a year-on-year increase of 12.87% compared to CNY 1,441,098,955.15 in the same period last year[42]. - The company achieved operating revenue of CNY 1,626,611,804.08, a year-on-year increase of 12.87%[40]. - The company reported a net profit attributable to shareholders decreased by 92.44% to CNY 4,581,383.31, down from CNY 78,302,190.21 in the same period last year[20]. - The basic earnings per share decreased by 92.40% to CNY 0.0062, down from CNY 0.0816 in the same period last year[34]. - The net profit for the first half of 2022 was CNY 5,854,578.91, a significant decrease of 90.8% compared to CNY 63,545,932.94 in the same period of 2021[177]. - The company’s total assets at the end of the first half of 2022 amounted to CNY 6,702,953,849.43, compared to CNY 6,531,396,807.97 at the end of the first half of 2021, representing a growth of 2.6%[175]. - The company’s total liabilities increased to CNY 4,205,233,079.53 in the first half of 2022 from CNY 4,140,691,971.18 in the same period of 2021, marking a rise of 1.6%[175]. User Growth and Market Expansion - User data showed an increase in active users by 15% compared to the previous year, reaching 2 million active users[14]. - The company plans to expand its market presence by entering three new provinces by the end of 2022, aiming for a 20% market share in these regions[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[82]. - Market expansion plans include targeting new regions with high pollution levels, aiming for a 15% increase in market share by the end of 2023[80]. Product Development and Innovation - New product development includes the launch of a green energy solution expected to generate an additional 200 million RMB in revenue annually[14]. - New product development includes the launch of a biodegradable product line, expected to contribute an additional 200 million RMB in revenue by the end of 2022[81]. - The company is exploring new product lines aimed at improving air quality, with expected launches in Q3 2023[80]. - Research and development efforts are focused on innovative technologies for waste gas treatment, with a budget allocation of 10 million RMB for 2023[80]. - The company has allocated 100 million RMB for research and development in new technologies for sustainable energy solutions[14]. Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares for the current fiscal year, focusing on reinvestment[5]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market reach, with a budget of 500 million RMB for potential deals[14]. - The company has committed to sustainable development by maximizing the comprehensive utilization of biomass resources[90]. - The company is actively pursuing financing leasing business as part of its growth strategy[138]. Environmental Compliance and Sustainability - The company reported a significant increase in organized waste gas emissions, with sulfur dioxide levels reaching 16.797 mg/m³, which is 65% of the regulatory limit of 25 mg/m³[80]. - Nitrogen oxide emissions were recorded at 19.729 mg/m³, representing 211.7% of the allowable limit of 9.3 mg/m³, indicating a need for improved emission controls[80]. - The company achieved a reduction in particulate matter emissions, with levels at 1.2651 mg/m³, which is 19.2% of the maximum permissible level of 6.6 mg/m³[80]. - Future projections indicate a commitment to reducing emissions by 20% over the next fiscal year, aligning with national environmental standards[80]. - The company is focusing on enhancing its environmental compliance by monitoring emissions closely and ensuring they remain within regulatory limits[84]. - The company has implemented environmental monitoring plans across various projects, with the latest plans executed since November 2020[88]. - The company has received no administrative penalties for environmental issues during the reporting period[89]. Operational Challenges and Risks - Risk factors identified include regulatory changes and market competition, which the company is actively monitoring and addressing[4]. - The company’s biomass power generation projects faced operational challenges due to pandemic-related shutdowns, affecting expected profitability[59]. - The biomass cogeneration projects face operational risks as initial performance may not meet expectations due to the need for equipment debugging and compliance with local environmental standards[68]. - Early-stage biomass power generation projects are at risk of subsidy expiration after 15 years or 82,500 operating hours, which could impact revenue if local government subsidies are not fully maintained[68]. - The company is addressing risks related to biomass fuel supply and price fluctuations by improving procurement planning and increasing local fuel sourcing[67]. Shareholder Information - The total number of shares increased from 741,942,096 to 741,943,357 due to the conversion of 1,261 shares from "长集转债" during the reporting period[143]. - The largest shareholder, 何启强, holds 25.77% of the shares, amounting to 191,213,800 shares[146]. - The second-largest shareholder, 麦正辉, holds 23.06% of the shares, amounting to 171,101,000 shares[146]. - The company has not engaged in any major related party transactions during the reporting period[111]. - The company has not reported any significant changes in the feasibility of its investment projects[59]. Legal and Compliance Matters - The company reported a total of 1,283.18 million yuan involved in minor lawsuits, primarily related to contract disputes and land use rights[108]. - The company had no significant litigation or arbitration matters during the reporting period[108]. - The company has implemented corrective measures to address compliance issues identified by regulatory authorities[110]. - The company has not reported any non-compliance issues regarding external guarantees or misuse of funds by major shareholders during the reporting period[102][103][104].

Financial Performance - The company's operating revenue for Q1 2022 was ¥829,209,765.28, representing a 9.45% increase compared to the same period last year[4] - The net profit attributable to shareholders decreased by 89.31% to ¥4,379,865.45, down from ¥48,680,943.61 in the previous year[4] - The company's basic earnings per share dropped by 89.31% to ¥0.0059, down from ¥0.0656 in the previous year[4] - Net profit for Q1 2022 was CNY 5,011,504.93, a decrease of 88.3% from CNY 42,845,586.66 in Q1 2021[23] - The company reported a total comprehensive income of CNY 4,824,181.55 for Q1 2022, significantly lower than CNY 48,158,977.74 in Q1 2021[24] Cash Flow - The net cash flow from operating activities increased by 129.63% to ¥19,451,764.34 compared to the same period last year[4] - The net cash flow from operating activities for Q1 2022 was ¥19,451,764.34, an increase of 129.3% compared to ¥8,471,056.55 in Q1 2021[27] - Total cash inflow from operating activities reached ¥736,824,216.51, up from ¥623,926,759.92 in the previous year, reflecting a growth of 18.1%[27] - Cash outflow from operating activities was ¥717,372,452.17, compared to ¥615,455,703.37 in Q1 2021, marking an increase of 16.5%[27] - The net cash flow from investing activities was -¥31,834,739.88, an improvement from -¥459,334,683.07 in the same period last year[27] - Cash inflow from investing activities totaled ¥102,707,009.71, significantly higher than ¥10,506,453.32 in Q1 2021[27] - Cash outflow from investing activities was ¥134,541,749.59, down from ¥469,841,136.39 in the previous year, indicating a decrease of 71.3%[27] - The net cash flow from financing activities was -¥100,170,808.58, compared to a positive cash flow of ¥287,694,985.21 in Q1 2021[28] - Total cash inflow from financing activities was ¥35,018,783.68, a decrease of 92.1% from ¥444,659,122.49 in the previous year[28] - The ending cash and cash equivalents balance was ¥273,740,621.57, down from ¥306,971,511.39 at the end of Q1 2021[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥9,540,896,042.31, reflecting a decrease of 1.35% from the previous year-end[4] - As of March 31, 2022, the total current assets amounted to CNY 2,429,059,110.92, a decrease from CNY 2,550,427,740.81 at the beginning of the year, representing a decline of approximately 4.8%[18] - The company's cash and cash equivalents decreased to CNY 278,740,621.57 from CNY 391,294,338.57, reflecting a reduction of about 28.7%[18] - Accounts receivable increased to CNY 1,664,572,738.54 from CNY 1,476,955,988.30, indicating a growth of approximately 12.7%[18] - The total fixed assets rose to CNY 4,304,506,366.02 from CNY 4,120,586,201.89, marking an increase of about 4.5%[18] - The total liabilities decreased from CNY 7,210,803,517.57 in Q1 2021 to CNY 7,075,001,498.27 in Q1 2022[20] Expenses - The company reported a 94.40% decrease in investment income due to the previous year's asset sales[10] - The company experienced a 67.99% increase in financial expenses due to interest costs associated with ongoing projects[10] - The company's sales expenses decreased by ¥3,983,900, primarily due to changes in the scope of consolidation after asset sales[9] - The company's financial expenses increased to CNY 57,799,619.14 in Q1 2022, compared to CNY 34,407,490.40 in Q1 2021[23] Shareholder Information - The total number of shares increased from 741,942,096 to 741,942,222 due to the conversion of CNY 1,000 of "Changji Convertible Bonds" into 126 shares during the reporting period[15] - The company’s major shareholders include He Qiqiang and Mai Zhenghui, who hold 25.77% and 23.06% of shares respectively, and are recognized as acting in concert[12] Asset Impairment and Accounting Changes - The company recognized an asset impairment loss of CNY 154,949,900 related to the Xiong County thermal power project due to non-compliance with local planning regulations[14] - The company implemented a change in accounting policy effective January 1, 2022, impacting the financial reporting of certain asset sales[5] Project Updates - The biomass cogeneration project in Xinye County is now meeting conditions for long-term stable operation, with an estimated investment of CNY 368 million[13] Audit Status - The report for Q1 2022 was not audited[29]

Market Demand and Operational Challenges - The company reported a significant increase in biomass fuel market demand and prices due to rising coal prices, impacting operational costs [4]. - The company has successfully launched multiple biomass power generation projects, but new projects may face delays in achieving commercial operation, affecting performance [6]. - Early biomass power projects are transitioning to a combined heat and power model to mitigate risks associated with subsidy expiration after 15 years of operation [6]. - The company plans to enhance local yellow straw fuel procurement to reduce the impact of fuel supply and price fluctuations on operations [4]. - Rising labor costs in China are prompting the company to implement technological upgrades and automation in production processes [9]. - The company is facing risks related to delayed subsidy payments for renewable energy projects due to increased demand and funding gaps [7]. - Environmental compliance risks may affect subsidy eligibility for biomass power projects under new regulations implemented in 2021 [7]. - The company has established a pricing adjustment mechanism in supply agreements to manage coal price volatility for centralized heating projects [7]. - The company emphasizes the importance of risk awareness regarding future plans and projections, which do not constitute binding commitments to investors [4]. Financial Performance - The company's operating revenue for 2021 was ¥2,651,221,583.61, a decrease of 12.28% compared to ¥3,022,380,872.43 in 2020 [26]. - The net profit attributable to shareholders was -¥159,289,914.39 in 2021, representing a decline of 145.46% from ¥350,381,888.04 in 2020 [26]. - The net cash flow from operating activities decreased by 64.79% to ¥86,661,523.47 in 2021 from ¥246,128,727.06 in 2020 [26]. - The total assets at the end of 2021 were ¥9,662,413,985.97, an increase of 3.58% from ¥9,328,133,393.72 at the end of 2020 [28]. - The net assets attributable to shareholders decreased by 11.04% to ¥2,444,752,352.70 at the end of 2021 from ¥2,748,183,074.13 at the end of 2020 [28]. - The basic earnings per share for 2021 was -¥0.2147, a decline of 145.46% compared to ¥0.4723 in 2020 [26]. - The weighted average return on net assets was -6.19% in 2021, down from 13.59% in 2020 [26]. - The company reported a significant increase in the amount deducted from operating revenue, which rose to ¥34,644,171.31 in 2021 from ¥12,470,321.21 in 2020 [28]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years [28]. Project Development and Capacity - The biomass power generation capacity in China reached 37.98 million kW by the end of 2021, with a year-on-year growth of 23.4% [38]. - The company has made progress in expanding its heating business in Shandong province, where biomass power projects have seen close to 20% growth [38]. - The government of Heilongjiang province has implemented subsidies for straw utilization, positively impacting the company's biomass projects in the region [39]. - The company is positioned to benefit from national policies promoting clean heating projects in northern regions, which are expected to enhance its heating revenue significantly [40]. - The establishment of a national carbon trading market is anticipated to create new profit opportunities for the company's biomass power projects through carbon credit trading [41]. - The company's main business segments include biomass cogeneration, waste-to-energy, and centralized coal heating, focusing on the comprehensive utilization of agricultural and municipal waste [42]. - The company's biomass power generation projects have a total installed capacity of 491 MW, with 266 MW already in operation, including 35 MW newly commissioned during the reporting period [46]. Emissions and Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities [188]. - The company reported emissions of 6.262 tons of particulate matter, 16.916 tons of sulfur dioxide, and 185.74 tons of nitrogen oxides, with specific discharge standards set [188]. - The company has a total of 3 emission outlets for smoke and dust, with emissions exceeding the standard in some cases [188]. - The company has undertaken revisions to over 40 internal regulations to enhance compliance with the latest business conditions and legal requirements [182]. - The company plans no cash dividends, stock distributions, or capital reserve transfers for the current fiscal year [180]. - The company reported a sulfur dioxide emission level of 17.27 mg/m³ at a designated emission point, which is below the regulatory limit of 50 mg/m³ [190]. - Nitrogen oxide emissions were recorded at 105.83 mg/m³, compared to the regulatory limit of 200 mg/m³, indicating compliance [190]. - The company achieved a dust emission level of 1.95 mg/m³, significantly lower than the limit of 10 mg/m³ [189]. - Future expansion plans include enhancing emission control technologies to further reduce pollutants [191]. - The company is investing in new technologies aimed at improving air quality and compliance with environmental regulations [191]. Strategic Focus and Business Adjustments - The company aims to focus on high-efficiency, low-emission biomass cogeneration projects and pure heating projects, transitioning its main business to solely environmental thermal energy [125]. - The company plans to enhance its operational management capabilities for biomass cogeneration, waste-to-energy, and industrial park coal heating projects, which are expected to improve overall efficiency [124]. - The government has set a target for urban buildings to achieve a renewable energy substitution rate of 8% by 2025, indicating significant growth potential for biomass heating projects in densely populated areas [121]. - The company is committed to increasing non-subsidy revenue from biomass heating projects, with a focus on expanding the scale of heat supply [128]. - The company has completed renovation projects covering nearly 3,000 square meters in employee dormitories, canteens, and workplaces during the reporting period [128]. - The company plans to implement multiple contingency plans for fuel supply strategies to enhance risk resistance and increase the proportion of non-subsidy revenue in total revenue [129]. - The biomass heating industry is expected to benefit from favorable policies and environmental pressures, indicating a positive outlook for the company's future development [124]. - The company is actively expanding its biomass energy portfolio, with multiple projects in different stages of development, reflecting a strategic focus on renewable energy [197]. Corporate Governance and Management - The company has established a series of performance evaluation standards and incentive mechanisms, with 122 middle and senior management personnel participating in stock incentive plans from 2014 to 2016 [140]. - The company has independent operational capabilities, with no overlap in personnel between the company and its controlling shareholder, ensuring fair pricing in related transactions [144]. - The company has a complete financial accounting system, with independent decision-making on fund usage according to its articles of association [145]. - The company held several shareholder meetings in 2021, with attendance rates of 4.60%, 60.81%, 60.82%, and 64.39% for various meetings [147]. - The company reported a total shareholding of 362,314,800 shares at the beginning of the reporting period, with no changes during the period [150]. - The current chairman, He Qiqiang, holds 191,213,800 shares, while the president, Mai Zhenghui, holds 171,101,000 shares [149]. - The company appointed Huang Rongtai as vice president on February 26, 2021, to meet operational needs [151]. - Independent director Bao Qiang was elected on March 15, 2021, following the resignation of independent director Zhu Hongjun [151]. - The company has a total of 10 board members, including 4 independent directors [153]. - The current financial director, Huang Rongtai, has been in position since February 12, 2018, and also serves as a director and vice president [154]. Employee and Labor Management - The total number of employees at the end of the reporting period was 2,372, with 2,363 from major subsidiaries and 9 from the parent company [175]. - The company implemented a phased incentive plan for project management teams to respond to market changes, focusing on non-subsidy income development strategies [176]. - The total hours of outsourced labor amounted to 529,676.97 hours, with total payments for outsourced labor reaching ¥16,749,510.25 [178]. Financial Derivatives and Risk Management - The company engages in financial derivative transactions primarily for overseas financing, aiming to lock in exchange rates and avoid foreign exchange losses [100]. - The total derivative investment at the end of the reporting period was 14.66 billion RMB, with a risk control strategy in place to mitigate market and liquidity risks [99]. - The company reported a 2.98% proportion of derivative investments in its total assets, indicating a significant engagement in this area [99]. - The independent directors support the company's derivative trading activities, stating they are necessary for expanding financing channels and reducing financial costs [100]. - The company has established internal control systems for forward foreign exchange transactions to manage investment risks effectively [100]. - The company plans to select highly liquid and controllable financial derivatives for hedging purposes [100]. - The company has not reported any significant changes in accounting policies related to derivatives compared to the previous reporting period [100]. - The company has a dedicated team to monitor derivative contracts and report significant fluctuations to the decision-making level promptly [100]. Subsidiary Management and Divestitures - The company completed the sale of its subsidiary, which contributed a transaction price of 22,779.64 million CNY, resulting in a net profit contribution of 433.47 million CNY, accounting for -2.72% of the total net profit [110]. - The company will no longer hold equity in the sold subsidiary, which will no longer be included in the consolidated financial statements, allowing the company to focus on its core environmental business [110]. - Major subsidiaries include Zhongshan Changqing Environmental Energy Co., Ltd., which reported a net profit of 72,177,428.00 CNY, and Changqing Environmental Energy (Zhongshan) Co., Ltd., with a net profit of 23,592,700.78 CNY [115]. - The company has divested from several subsidiaries, including Zhongshan Chuangert Intelligent Home Technology Co., Ltd., with no significant impact on overall operations and performance [117]. - The company’s divestitures are part of a broader strategy to enhance operational efficiency and focus on core competencies [117]. - The company’s financial performance remains stable, with no significant adverse effects from the asset sales on its overall financial condition [112]. - The company aims to concentrate on its environmental business, which is expected to drive future growth and profitability [110].

Financial Performance - The company's operating revenue for the third quarter was ¥615,830,206.47, a decrease of 30.94% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥47,071,027.94, representing a decline of 140.39% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥52,272,731.36, down 145.57% from the previous year[3]. - The basic earnings per share were -¥0.0634, a decrease of 140.36% compared to the same period last year[3]. - The net profit for the reporting period decreased by 87.97%, attributed to rising coal prices and increased costs of biomass fuel due to energy price hikes and maintenance[23]. - Net profit for the period was ¥32,047,656.32, a significant decline of 87.96% from ¥266,385,026.77 in the previous year[35]. - Earnings per share (EPS) decreased to ¥0.0421 from ¥0.3544, reflecting a drop of 88.12%[36]. - The total comprehensive income for the period was ¥39,975,095.18, down from ¥265,152,986.73, reflecting a decrease of 85.03%[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,451,698,929.13, an increase of 1.32% from the end of the previous year[3]. - The company's total assets as of September 30, 2021, amounted to approximately CNY 9.45 billion, an increase from CNY 9.33 billion at the end of 2020[30][31]. - The total liabilities as of September 30, 2021, were approximately CNY 6.06 billion, compared to CNY 5.62 billion at the end of 2020[31]. - The total liabilities increased to ¥6,806,856,384.24, up from ¥6,575,225,935.96, indicating a rise of 3.51%[35]. - Owner's equity attributable to shareholders decreased to ¥2,639,301,667.21 from ¥2,748,183,074.13, a decline of 3.97%[35]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥139,078,163.81, a decrease of 1.75% compared to the previous year[3]. - Cash flow from operating activities was ¥1,577,574,768.79, down from ¥1,857,056,623.95, representing a decrease of 15.06%[38]. - The net cash flow from operating activities for Q3 2021 was ¥139,078,163.81, a slight decrease from ¥141,553,965.51 in Q3 2020, reflecting a year-over-year decline of approximately 1.75%[39]. - The total cash outflow from operating activities was ¥1,585,660,473.12, compared to ¥1,887,157,585.68 in Q3 2020, reflecting a reduction of about 16.02%[39]. - The cash inflow from the disposal of subsidiaries and other business units was ¥59,639,597.42, with no comparable figure from the previous year, highlighting a new revenue stream[39]. - The net cash flow from financing activities after outflows was ¥440,428,980.62, a decrease from ¥1,450,255,088.80 in the previous year, indicating a decline of about 69.7%[40]. Expenses - The company's sales expenses decreased by 89.64% compared to the previous year, primarily due to the reduction in the scope of consolidation after asset sales[16]. - Research and development expenses decreased by 85.99% year-on-year, also due to the reduction in the scope of consolidation[16]. - The company reported a significant increase in financial expenses by 37.46%, mainly due to increased interest expenses from convertible bonds[17]. - Research and development expenses were ¥2,025,561.42, significantly lower than ¥14,457,325.64 in the previous year, indicating a reduction of 86.00%[35]. - The cash paid to employees was ¥160,781,414.85, down from ¥218,984,140.20 in Q3 2020, indicating a decrease of about 26.6%[39]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 28,828[25]. - The top 10 shareholders hold a combined 88.03% of the shares, with He Qiqiang and Mai Zhenghui holding 25.77% and 23.06% respectively[25]. Business Focus and Changes - The company has shifted its main business focus from gas appliance manufacturing to environmental thermal energy services as of February 1, 2021[27]. - The company’s industry classification has changed to ecological protection and environmental governance as of July 2021[28]. - The Maoming cogeneration project is now in stable operation, with a total investment of approximately CNY 752.52 million[27]. - The company issued "Changji Convertible Bonds," with 2,000 yuan converted into shares during the reporting period, increasing the total shares to 741,942,096[28].