Financial Performance - The company's operating revenue for 2021 was ¥2,796,506,857.49, representing a 10.03% increase compared to ¥2,541,479,437.87 in 2020[18]. - The net profit attributable to shareholders was -¥635,454,550.33, a decline of 194.16% from -¥216,026,396.95 in the previous year[18]. - The net cash flow from operating activities improved significantly to ¥175,603,474.77, compared to -¥46,069,024.43 in 2020, marking a 481.17% increase[18]. - The total assets at the end of 2021 were ¥6,195,942,431.37, down 12.92% from ¥7,115,143,509.22 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 15.60% to ¥3,251,207,974.07 from ¥3,851,988,149.37 in 2020[18]. - The basic and diluted earnings per share were both -¥0.35, reflecting a 191.67% decline from -¥0.12 in 2020[18]. - The weighted average return on net assets was -17.91%, a decrease of 12.45% compared to -5.46% in the previous year[18]. - The company reported a total of ¥24,285,423.69 in non-recurring gains and losses for the year, down from ¥55,546,576.44 in the previous year[24]. - Government subsidies recognized in the current year amounted to ¥5,306,819.39, a decrease from ¥7,393,537.70 in the previous year[24]. Operational Highlights - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company reported a significant uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[18]. - The revenue from property leasing was ¥687,061.69, which is excluded from the main operating revenue[19]. - Total revenue for the fourth quarter reached ¥970,209,017.16, showing a significant increase compared to previous quarters[23]. - The net profit attributable to shareholders for the fourth quarter was -¥554,638,936.88, indicating a substantial loss[23]. - The net cash flow from operating activities in the fourth quarter was ¥124,631,171.94, reflecting positive cash generation despite overall losses[23]. Strategic Initiatives - The company is positioned to benefit from increased government focus on ecological landscape development, which is expected to enhance long-term growth opportunities[27]. - The company aims to align with national policies on carbon peak and carbon neutrality, contributing to green development initiatives[28]. - The company has established a comprehensive urban service chain, integrating various urban management functions to enhance city operations[28]. - The company is actively involved in water environment governance, with services aimed at improving urban water quality and ecosystem health[28]. - The company plans to leverage its strengths in business collaboration and resource integration to support the construction of a beautiful China[28]. Market Position and Recognition - The company has established a strong market position with over 20 years of experience, covering key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[29]. - In 2021, the company received multiple awards, including the "Outstanding Cooperation Unit" from China Vanke and the "Best Strategic Partner" from Zhujiang Investment, highlighting its high-quality construction and service levels[30]. - The company holds various qualifications, including Class A Landscape Engineering Design and Class I Environmental Engineering Professional Contracting, ensuring compliance with industry standards[31]. - The company has been recognized as a leading enterprise in the forestry industry in Guangdong Province and has received accolades for its contributions to the local economy[30]. Innovation and Technology - The company focuses on ecological landscape business, expanding into real estate landscaping and municipal EPC projects, leveraging its design and engineering advantages[33]. - The company implements a full lifecycle cost control strategy for its projects, ensuring effective management of resources and minimizing waste[37]. - The company has received high recognition in design innovation, winning 5 awards at the GHDA Global Habitat Design Awards from over 1,100 entries[30]. - The company aims to enhance urban quality and sustainability through diversified and refined services, aligning with national green development initiatives[34]. - The company has established a comprehensive urban service chain, integrating planning, design, construction, and maintenance[33]. Financial Management and Risks - The company's financing balance is 634 million RMB, with a financing cost range of 4% to 5.32% and a term structure of 1-3 years[41]. - During the reporting period, the company utilized a total of 424 million RMB of its bank credit limit[42]. - The company has a financing risk associated with its PPP projects due to their long cycle and complex operational models[40]. - The company faces risks related to tightening financing environments in the real estate market, which may impact its operations[79]. - The company reported a net cash flow from financing activities increased by CNY 70.22 million, a growth of 28.30%, mainly due to a reduction in financing repayments during the reporting period[103]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations[139]. - The board of directors consists of 9 members, including 3 independent directors, ensuring effective decision-making and oversight[140]. - The company maintains independence in business, personnel, assets, finance, and institutions from its controlling shareholders[142]. - The company has independent financial management and auditing systems, ensuring no assets are occupied by shareholders or related parties[143]. - The company has a clear delineation of asset ownership and does not provide guarantees for shareholders' debts[143]. Employee Development and Corporate Culture - The company has implemented a talent strategy focusing on attracting core technical talents and providing diverse training programs to enhance employee development[56]. - The company emphasizes a corporate culture of integrity and cooperation, aiming to create harmony between humans and nature[57]. - The company conducted 60 training sessions in 2021 for landscape engineering and design professionals, with over 30% of selected backup talents receiving promotions[171]. - The total number of employees at the end of the reporting period was 1,826, with 215 in major subsidiaries[168]. - The company has a total of 80 employees with postgraduate degrees and 724 with bachelor's degrees[168]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions, aligning with national policies for carbon neutrality and peak carbon emissions[184]. - The company is developing an ecological environment industry chain platform to maximize resource and energy efficiency, promoting green low-carbon economic development[184]. - The company has emphasized employee awareness of environmental protection through ongoing training and initiatives[184]. - The company has established a hazardous waste management plan and is actively working on compliance with national regulations[182]. - The company faced administrative penalties related to environmental issues, including fines of 90,000 yuan for improper hazardous waste management[182].

Financial Performance - The company's operating revenue for Q1 2022 was ¥390,889,474.97, a decrease of 16.42% compared to ¥467,692,221.66 in the same period last year[3] - The net profit attributable to shareholders was -¥40,036,054.96, representing a decline of 371.08% from -¥8,498,788.76 year-on-year[3] - Total operating revenue for the current period is approximately $390.89 million, a decrease of 16.43% from $467.69 million in the previous period[20] - Operating profit for the current period is a loss of approximately $42.93 million, compared to a loss of $7.85 million in the previous period[21] - Net profit for the current period is a loss of approximately $41.46 million, compared to a loss of $9.92 million in the previous period, indicating a significant decline in profitability[21] - Basic and diluted earnings per share for the current period are both -$0.022, compared to -$0.005 in the previous period, reflecting a deterioration in earnings performance[22] Cash Flow and Investments - The net cash flow from operating activities increased by 155.20% to ¥80,528,332.93, compared to -¥145,886,782.61 in the previous year[3] - Cash flow from operating activities shows a net inflow of approximately $80.53 million, a recovery from a net outflow of $145.89 million in the previous period[25] - Cash flow from investing activities results in a net outflow of approximately $482.25 million, compared to a net inflow of $78.42 million in the previous period, indicating increased investment activity[26] - Cash flow from financing activities shows a net outflow of approximately $142.25 million, a decrease from a net inflow of $35.28 million in the previous period[26] - The ending cash and cash equivalents balance is approximately $489.98 million, down from $537.05 million in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,619,694,028.33, down 9.30% from ¥6,195,942,431.37 at the end of the previous year[3] - The company's total liabilities decreased to CNY 2,317,322,956.54 from CNY 2,855,368,100.08, representing a reduction of about 18.8%[18] - The cash and cash equivalents decreased significantly from CNY 1,157,693,191.79 to CNY 613,822,861.52, a decline of approximately 47%[16] - Accounts receivable dropped from CNY 1,558,600,998.82 to CNY 1,260,600,441.03, indicating a decrease of around 19.1%[16] - The company's long-term receivables decreased by 51.53% to ¥51,000,000.00, primarily due to reclassification of amounts to current assets[8] - The current liabilities totaled CNY 2,015,238,185.03, down from CNY 2,504,256,868.92, reflecting a decrease of about 19.5%[18] - The long-term borrowings decreased from CNY 322,416,205.62 to CNY 274,085,379.12, a reduction of approximately 15%[18] Equity and Retained Earnings - The company's total equity attributable to the owners of the parent company decreased from CNY 3,251,207,974.07 to CNY 3,210,849,843.75, a decline of approximately 1.2%[18] - The company reported a net loss of CNY 702,476,572.23 in retained earnings, worsening from a loss of CNY 662,440,517.27 at the beginning of the year[18] Other Financial Metrics - The company's weighted average return on equity was -1.24%, a decline of 1.02% compared to -0.22% in the previous year[3] - Research and development expenses for the current period are approximately $12.10 million, down 29.73% from $17.19 million in the previous period[21] - The company's inventory increased slightly from CNY 291,032,369.85 to CNY 296,841,321.54, showing a growth of about 2%[16] - The company reported a significant decrease in tax and additional fees by 68.59% to ¥1,000,000.00, reflecting reduced revenue[12] Audit Status - The first quarter report of Guangzhou Pubang Garden Co., Ltd. is unaudited[27]

Financial Performance - The company's operating revenue for 2021 was CNY 2,796,506,857.49, representing a 10.03% increase compared to CNY 2,541,479,437.87 in 2020[18]. - The net profit attributable to shareholders was a loss of CNY 635,454,550.33, a decline of 194.16% from a loss of CNY 216,026,396.95 in the previous year[18]. - The net cash flow from operating activities improved significantly to CNY 175,603,474.77, a 481.17% increase from a negative cash flow of CNY 46,069,024.43 in 2020[18]. - The total assets at the end of 2021 were CNY 6,195,942,431.37, down 12.92% from CNY 7,115,143,509.22 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 15.60% to CNY 3,251,207,974.07 from CNY 3,851,988,149.37 in 2020[18]. - The basic earnings per share for 2021 was -CNY 0.35, a decrease of 191.67% compared to -CNY 0.12 in 2020[18]. - The weighted average return on net assets was -17.91%, a decline of 12.45% from -5.46% in 2020[18]. - The company reported a significant increase in operating revenue after excluding rental income from property, amounting to CNY 2,795,819,795.80[19]. - Total revenue for the fourth quarter reached ¥970,209,017.16, showing a significant increase compared to previous quarters[23]. - The net profit attributable to shareholders for the fourth quarter was -¥554,638,936.88, indicating a substantial loss[23]. - The net cash flow from operating activities in the fourth quarter was ¥124,631,171.94, reflecting positive cash generation despite overall losses[23]. Government and Regulatory Engagement - The company reported a total of ¥5,306,819.39 in government subsidies related to normal business operations, down from ¥7,393,537.70 in the previous year[24]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[18]. - The company is positioned to benefit from increased government focus on ecological landscape development, which is expected to enhance long-term growth opportunities[27]. - The company aims to align with national policies on carbon neutrality and green development, contributing to the construction of a beautiful China[28]. Operational Strategy and Development - The company has established a comprehensive urban service chain, integrating various urban management functions to enhance city operations[28]. - The company is actively involved in water environment governance, with services aimed at improving urban water quality and ecological restoration[28]. - The company emphasizes the importance of ecological and sustainable practices in its operations, aligning with national strategies for environmental protection[27]. - The company has established a strong market position with over 20 years of experience, covering key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[29]. - The company has a diversified business model that includes EPC and general contracting for ecological landscape projects, leveraging its design and engineering strengths[35]. - The company is focusing on green construction, including water environment governance and vertical greening, supported by a professional technical team[63]. - The company is leveraging advanced technologies such as IoT and AI to develop smart waste classification systems for urban operations[65]. Awards and Recognition - In 2021, the company received multiple awards, including the "Outstanding Cooperation Unit" from China Overseas Property and the "Best Strategic Partner" from Zhujiang Investment, highlighting its high-quality construction and service levels[30]. - The company has received over 40 major awards in 2021, enhancing its brand image and competitive position in the industry[46]. - The company has been recognized as a leading enterprise in the forestry industry in Guangdong Province and has received accolades for its contributions to the local economy[30]. - The company received the first prize in the Science and Technology Award for the project "Rapid Construction and Maintenance Technology of Coastal Natural Local Plant Landscape" and the second prize for "Key Technology Research and Application of Lightweight Roof Greening in South China" during the reporting period[189]. Research and Development - The company has received recognition as a high-tech enterprise and has established research platforms to support its innovation efforts[32]. - The total R&D expenditure was ¥98,703,133.95, representing 3.53% of operating revenue, a decrease of 0.52% from the previous year[92]. - The number of R&D personnel decreased by 28.19% to 214, with a notable decline in the proportion of personnel holding bachelor's degrees, which fell by 37.28%[92]. - The company completed the acceptance of two technology projects, including the "Research on the Protective Effect of Different Vegetation Slope Protection Models in South China" project[49]. - The company received 8 new technology awards, including a first prize from the Guangdong Provincial Engineering Survey and Design Industry Association for the project on "Key Technologies and Applications for Near-Natural Native Plant Landscape Construction"[49]. Financial Management and Risks - The company's financing balance is 634 million RMB, with a financing cost range of 4% to 5.32% and a term structure of 1-3 years[41]. - The company has a financing risk associated with its PPP projects due to their long cycle and high capital requirements[40]. - The company is aware of strategic risks arising from market resource competition and is adapting its overall strategic development plan to mitigate these risks[125]. - The company is addressing financial risks related to accounts receivable recovery, particularly influenced by government budgets and the financial status of real estate enterprises[126]. Corporate Governance - The company has a comprehensive internal control system and governance structure in compliance with relevant laws and regulations[133]. - The company has established independent financial management and auditing departments to ensure financial autonomy[137]. - The company held several shareholder meetings with participation rates ranging from 35.25% to 36.70%[138]. - The company’s independent directors provided valuable opinions on development strategies and financial management, contributing positively to the board's decision-making[156]. Employee Development and Corporate Culture - The company has implemented a performance evaluation and compensation system based on annual business plans and performance assessments[163]. - A total of 100+ backup talents were selected in 2021, with over 30% of them receiving promotions within the year[165]. - The company organized 60 training sessions for landscape engineering and design professionals in 2021[165]. - The company emphasizes the importance of talent as its primary resource, implementing talent introduction, training, and career planning to build a high-end talent pool[121]. Environmental and Social Responsibility - The company actively responded to national policies on carbon neutrality and peak carbon emissions, focusing on ecological landscaping as a core business[178]. - The company implemented measures to enhance employee awareness of environmental protection, contributing to sustainable development[178]. - The company faced a fine of 90,000 yuan for environmental violations, which were addressed through corrective actions[176]. - The company has not yet initiated any poverty alleviation or rural revitalization projects during the reporting period[200].

Financial Performance - The company's operating revenue for Q3 2021 was ¥671,216,377.18, a decrease of 4.91% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥91,774,000.21, reflecting a significant decline of 895.18% year-on-year[4]. - The company reported a net loss of CNY 107,801,580.39, compared to a loss of CNY 26,985,966.94 in the previous period[22]. - Operating profit for the current period was -¥88,719,092.06, compared to -¥3,221,101.33 in the previous period, indicating a significant decline[25]. - Net profit for the current period was -¥84,438,797.15, worsening from -¥8,940,335.53 in the previous period[25]. - The total comprehensive income for the current period was -¥86,803,897.50, compared to -¥10,368,999.81 in the previous period[26]. - Basic and diluted earnings per share were both -¥0.045, compared to -¥0.006 in the previous period[26]. Cash Flow - The net cash flow from operating activities increased by 202.39% to ¥65,014,710.87, indicating improved cash collection efforts[4]. - The company experienced a 117.85% increase in net cash flow from operating activities compared to the previous year, driven by enhanced collection efforts[13]. - Cash flow from operating activities generated a net amount of ¥50,972,302.83, a recovery from -¥285,483,441.93 in the previous period[29]. - Cash flow from investing activities yielded a net inflow of ¥74,597,749.15, compared to ¥20,991,081.14 in the previous period[29]. - Cash flow from financing activities resulted in a net outflow of -¥54,649,136.94, worsening from -¥14,036,484.68 in the previous period[30]. - The ending cash and cash equivalents balance was ¥639,373,891.07, an increase from ¥552,916,570.88 in the previous period[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,640,260,616.81, down 6.67% from the end of the previous year[5]. - Current assets totaled CNY 4,801,375,676.10, down from CNY 4,890,641,654.56, indicating a decrease of about 1.81%[20]. - The total non-current assets were CNY 1,838,884,940.71, down from CNY 2,224,501,854.66, indicating a decrease of approximately 17.35%[21]. - Total liabilities decreased to CNY 2,746,563,260.84 from CNY 3,134,662,255.75, a reduction of about 12.35%[22]. - The company's short-term borrowings were CNY 238,607,664.45, a decrease from CNY 265,000,000.00, reflecting a decline of about 9.93%[21]. - Total current liabilities amounted to CNY 2,721,682,311.95 as of January 1, 2021[35]. Equity - The weighted average return on equity was -2.41%, a decrease of 2.69% compared to the previous year[5]. - The total equity attributable to shareholders decreased by 2.16% to ¥3,768,860,978.08[5]. - The company's equity attributable to shareholders decreased to CNY 3,768,860,978.08 from CNY 3,851,988,149.37, representing a decline of approximately 2.15%[22]. - Total equity remained unchanged at CNY 3,980,481,253.47 as of January 1, 2021[35]. Investment and Financial Management - The company reported an increase in investment income of 55.37%, amounting to ¥11,452,123.53, primarily due to higher returns from public municipal projects[12]. - The financial expenses decreased by 51.73% to ¥19,662,868.39, attributed to reduced interest expenses from repaid bonds[11]. - The company recorded a significant increase in credit impairment losses of 1,019.02%, amounting to ¥29,926,446.29, due to increased bad debt provisions[12]. Other Information - The company has not undergone an audit for the third quarter report[36]. - The company has implemented new leasing standards starting from 2021, requiring adjustments to the financial statements[32].

Financial Performance - The company's operating revenue for the reporting period was CNY 1,155,081,463.15, an increase of 24.86% compared to the same period last year[23]. - The net profit attributable to shareholders was CNY 10,958,386.76, representing a growth of 150.21% year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 10,219,292.26, up 137.29% from the previous year[23]. - The net cash flow from operating activities improved significantly, with a net amount of CNY -14,042,408.04, a 93.67% increase compared to the same period last year[23]. - The company's total assets at the end of the reporting period were CNY 6,809,883,698.40, a decrease of 4.29% from the end of the previous year[23]. - The revenue from landscape business increased by 31.94% compared to the same period last year[33]. - The net cash flow from the subsidiary Deep Blue Environmental reached CNY 24,893,200.00, a growth of 181.18% year-on-year[35]. - The company reported a total of 21.77 million yuan in a lawsuit related to a sales contract dispute[113]. - The company faced a judgment to pay 4.5 million yuan to a plaintiff in a construction project dispute[113]. Cash Flow and Investments - The net cash flow from operating activities was CNY -14,042,408.04, improving from CNY -221,987,547.37 year-over-year[178]. - Cash inflow from investment activities decreased significantly to CNY 203,266,409.61 from CNY 2,279,112,389.23 in the first half of 2020, representing a decline of approximately 91.1%[179]. - The net cash flow from investment activities was CNY -72,714,634.60, slightly better than CNY -82,533,375.52 in the previous year[179]. - Cash inflow from financing activities totaled CNY 262,333,910.93, down from CNY 630,322,133.43 in the first half of 2020, a decrease of about 58.3%[179]. - The company reported a total cash outflow from operating activities of CNY 1,524,602,382.20, which is a decrease of 2.3% compared to CNY 1,560,752,680.94 in the previous year[178]. Strategic Focus and Development - The company is closely monitoring changes in industry policies and market conditions to optimize resource allocation and marketing strategies[8]. - The company aims to enhance its core competitiveness through management and technological innovation, improving operational efficiency[31]. - The company is focusing on sustainable development and expanding its ecological and environmental protection business, including water environment governance and waste treatment[30]. - The company aims to enhance its sensitivity and predictive capabilities regarding macroeconomic risks[8]. - The company aims to create a comprehensive service platform for the landscaping industry, focusing on sustainable development and long-term growth[85]. Risk Management - The company emphasizes the importance of disaster preparedness to mitigate risks from natural disasters affecting outdoor construction projects[10]. - The company emphasizes project risk control by focusing on financially strong local governments and real estate clients, ensuring cash flow stability through the EPC model[48]. - There is a potential risk of cash flow fluctuations due to the need for upfront capital in municipal landscaping and environmental projects[7]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management[4]. - The company has not reported any changes in its registered address or contact information during the reporting period[21]. - The company did not engage in any derivative investments during the reporting period[76]. - The company did not sell any major assets during the reporting period[77]. - The company did not dispose of any significant equity during the reporting period[78]. - The company is not classified as a key pollutant discharge unit and has not faced administrative penalties for environmental issues during the reporting period[100]. Shareholder Information - The company has a total of 1,795,890,452 shares, with 27.52% being restricted shares after the recent changes[136]. - The company has 83,625 shareholders at the end of the reporting period, with the largest shareholder holding 22.87% of the shares[142]. - The company has not reported any significant changes in shareholder structure or major shareholder movements during the reporting period[138]. Research and Development - The company has a strong focus on technological innovation, having established research centers and partnerships with prestigious universities[36]. - Research and development expenses increased to CNY 42,012,979.60, up from CNY 40,067,094.82 in the previous year, indicating a focus on innovation[169]. Environmental and Social Responsibility - The company emphasizes a commitment to sustainable development and social responsibility within the landscaping industry, focusing on improving living environments[51]. - The company is committed to adhering to various environmental protection laws and regulations in its operations[102]. - The company has implemented corrective measures to address safety hazards identified in its subsidiary, ensuring compliance with environmental regulations[100].

Financial Performance - The company's operating revenue for Q1 2021 was ¥467,692,221.66, representing a 57.96% increase compared to ¥296,080,030.58 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥8,498,788.76, an improvement of 75.75% from a loss of ¥35,052,173.68 in the previous year[8] - Operating revenue increased by ¥171,612,191.08, a growth of 57.96%, mainly due to the gradual recovery of production and operations as the impact of the pandemic in China diminished[6] - The net profit for the quarter was CNY 4,691,982.14, a recovery from a net loss of CNY 14,271,087.98 in the previous year[53] - The total comprehensive income for the quarter was CNY 4,691,982.14, compared to a loss of CNY 14,271,087.98 in the previous year[54] - The company's net profit margin improved, with undistributed profits increasing to CNY 90,550,736.95 from CNY 85,858,754.81, a rise of approximately 3.9%[45] Cash Flow - The net cash flow from operating activities improved to -¥145,886,782.61, a 56.44% reduction in cash outflow compared to -¥334,888,233.91 in the same period last year[8] - Cash flow from operating activities was CNY 900,323,053.08, significantly higher than CNY 600,346,155.56 in the previous year, indicating strong cash generation[56] - Total cash inflow from investment activities was 139,443,665.00 CNY, while cash outflow was 61,026,131.91 CNY, resulting in a net cash flow of 78,417,533.09 CNY[58] - Cash inflow from financing activities amounted to 188,988,117.15 CNY, with cash outflow of 153,705,776.64 CNY, leading to a net cash flow of 35,282,340.51 CNY[58] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,632,551,032.98, down 6.78% from ¥7,115,143,509.22 at the end of the previous year[8] - The total liabilities decreased to CNY 2,661,641,940.91 from CNY 3,134,662,255.75, representing a reduction of approximately 15.1%[43] - The total current liabilities increased to ¥2,006,685,000.00 from ¥1,929,000,000.00, representing an increase of about 4.0%[41] - The total owner's equity slightly increased to CNY 3,940,860,014.60 from CNY 3,936,148,032.46, showing a marginal growth of 0.1%[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 89,620[12] - The largest shareholder, Tu Shanzhong, holds 22.87% of the shares, amounting to 410,630,418 shares[12] Operational Efficiency - Operating costs increased by ¥164,196,315.88, a growth of 59.30%, corresponding to the increase in revenue[6] - The company's inventory stood at ¥519,458,332.86, slightly down from ¥523,788,003.48, showing a decrease of approximately 0.6%[40] - Accounts receivable decreased to ¥1,131,665,824.13 from ¥1,515,579,459.24, indicating a reduction of about 25.4%[40] Investments and Financial Management - The company reported an investment income of CNY 3,951,343.76, up from CNY 1,720,059.34, showing improved performance in investments[53] - The company has invested ¥60,500,000 in bank wealth management products using its own funds, with no overdue amounts[35] - The company plans to publicly transfer 100% equity of Beijing Borui Saisi Information System Integration Co., Ltd., with a base price of ¥334,622,946.56[21] Other Financial Indicators - The weighted average return on net assets was -0.22%, an improvement from -0.87% in the same period last year[8] - Financial expenses decreased by ¥10,530,783.14, a decline of 61.11%, primarily due to reduced bank loan interest[21] - Tax expenses increased by ¥4,431,324.87, a growth of 115.92%, mainly due to an increase in unrecognized deferred tax assets losses[21] Compliance and Governance - The company did not engage in any repurchase transactions during the reporting period[14] - There were no significant changes in the company's financial indicators that required restatement or adjustment[17] - The company has no overdue or unfulfilled commitments from shareholders or related parties during the reporting period[29] - The company has not engaged in any derivative investments during the reporting period[32] - The company has not reported any violations regarding external guarantees during the reporting period[36] Reporting and Audit - The first quarter report was not audited, indicating preliminary financial data[73] - The report was released on April 30, 2021, by the legal representative, Zeng Weixiong[73]

Financial Performance - The company's operating revenue for 2020 was ¥2,541,479,437.87, a decrease of 17.77% compared to ¥3,090,611,048.04 in 2019[25]. - The net profit attributable to shareholders was -¥216,026,396.95, an improvement of 79.34% from -¥1,045,864,847.90 in the previous year[25]. - The net cash flow from operating activities was -¥46,069,024.43, a decline of 111.31% compared to ¥407,161,310.82 in 2019[25]. - The basic earnings per share for 2020 was -¥0.12, showing a 79.31% improvement from -¥0.58 in 2019[25]. - Total assets at the end of 2020 were ¥7,115,143,509.22, down 5.79% from ¥7,552,631,755.60 at the end of 2019[25]. - Total revenue for 2020 was approximately ¥2.54 billion, a decrease of 17.77% compared to ¥3.09 billion in 2019[74]. - The landscape gardening segment generated ¥2.39 billion, accounting for 94.22% of total revenue, with a year-on-year decline of 3.96%[74]. - The environmental protection segment saw a significant drop of 58.69%, with revenue of ¥120.89 million compared to ¥292.66 million in 2019[74]. - The internet data service segment experienced a drastic decline of 91.47%, with revenue falling to ¥25.96 million from ¥304.53 million[74]. - The residential landscape product line contributed ¥1.78 billion, representing 70.13% of total revenue, with a slight increase of 2.03% year-on-year[74]. Operational Challenges - The company faced significant challenges in 2020 due to the COVID-19 pandemic, which delayed production and market activities, impacting overall performance[6]. - The company is facing operational funding risks due to the large investment scale of landscaping projects, which may slow down capital turnover[11]. - The domestic landscaping industry is experiencing increased competition and regulatory changes, which may affect the company's growth potential[8]. - The real estate landscape sector faces operational pressures due to tightening financial conditions, leading to a significant growth bottleneck in business volume[37]. Strategic Initiatives - The company plans to enhance its risk assessment capabilities and optimize management strategies to adapt to economic uncertainties[6]. - The company aims to expand its business scale and enhance brand recognition while maintaining its competitive advantages in operational scale and customer resources[8]. - The company will focus on innovation to improve core competitiveness and adapt to market changes[9]. - The company aims to enhance its core competitiveness through technological innovation and refined management practices[34]. - The company is committed to sustainable development and aims to become a leading comprehensive service provider in the domestic market with international competitiveness[34]. - The company is focusing on the Guangdong-Hong Kong-Macao Greater Bay Area while strategically expanding into economically strong regions across the country[70]. Financial Management - The company will not distribute cash dividends or issue bonus shares for the reporting period[12]. - The company has a clear profit distribution policy prioritizing cash dividends, ensuring sustainable development while providing reasonable returns to investors[140]. - The company plans to distribute cash dividends of no less than 10% of the annual distributable profits, and the cumulative cash dividends over any three consecutive years must be no less than 30% of the average annual distributable profits for those three years[144]. - The profit distribution policy requires that during the mature stage without significant capital expenditure, cash dividends should account for at least 80% of the profit distribution[145]. - The company reported a net profit of -216,026,396.95 RMB in 2020, resulting in a cash dividend ratio of 0.00%[153]. Risk Management - The company is actively involved in PPP projects, facing risks related to legal compliance and financing due to the complexity and duration of these projects[48]. - The company has established a quality control system based on ISO-9001 standards, ensuring high product quality and customer satisfaction[52]. - The company has implemented a comprehensive project lifecycle management system to control project risks, ensuring good cash flow management and timely financial oversight[61]. - The company aims to improve cash flow and reduce accounts receivable by selecting high-return projects with favorable payment conditions in response to tightening local government finances[69]. Human Resources and Corporate Governance - The company emphasizes talent development, establishing a robust talent strategy and providing career development opportunities for employees[63]. - The company has maintained a good safety production system with no major safety incidents reported during the reporting period[55]. - The internal control system has been significantly improved, covering various aspects such as internal auditing and information disclosure, to safeguard shareholder rights[200]. - The company held 14 board meetings, 6 supervisory meetings, and 3 shareholder meetings, ensuring effective governance and protection of shareholder and creditor rights[199]. Research and Development - The company has increased its R&D investment to enhance its capabilities and develop competitive key technologies, focusing on new plant development, ecological restoration, and new engineering technology applications[60]. - The company achieved significant R&D outcomes, including two government project approvals and completion of two technology project verifications[93]. - The number of R&D personnel decreased by 1.65% to 298, while the R&D investment amount increased slightly by 0.75%[98]. - The company obtained two new invention patents and one utility model patent during the reporting period[95]. Awards and Recognition - The company has received over 30 major awards in 2020, enhancing its brand image and competitive position in the industry[57]. - The company reported a gross profit margin of 7.66% for the landscape gardening segment, an increase of 1.48% from the previous year[76]. - The company holds multiple qualifications, including Class I Environmental Engineering Professional Contracting and Class A Landscape Engineering Design, enhancing its competitive edge[40]. Asset Management - The company completed the sale of significant assets, generating a transaction price of 33,462.29 million, with a net profit contribution of -3,655.48 million[120]. - The asset sale was executed on September 25, 2020, and the net profit accounted for 16.92% of the total net profit[123]. - The company has not reported any major equity sales during the reporting period[123]. - The company has established a commitment to not engage in related party transactions that could harm its interests[158].

Financial Performance - Operating revenue for the reporting period was CNY 705,879,869.73, down 11.05% year-on-year, and CNY 1,630,952,349.89 for the year-to-date, down 23.23% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 11,541,260.88, a decrease of 20.72% for the reporting period, and a loss of CNY 10,284,894.66 year-to-date, representing a decline of 109.90%[8] - Basic earnings per share for the reporting period were CNY 0.006, down 25.00% year-on-year, and diluted earnings per share were also CNY 0.006, down 25.00%[8] - The weighted average return on net assets was 0.28%, a decrease of 0.25% compared to the previous year[8] - Total operating revenue for Q3 2020 was CNY 705,879,869.73, a decrease of 11.06% compared to CNY 793,566,502.18 in the same period last year[53] - Net profit for Q3 2020 was CNY 11,737,833.32, a decline of 23.57% from CNY 15,334,399.32 in the previous year[55] - The total operating revenue for the third quarter was CNY 1,630,952,349.89, a decrease of 23.2% compared to CNY 2,124,590,810.49 in the same period last year[62] - The total profit for the quarter was CNY 40,829,521.93, compared to CNY 7,788,029.18 in the same quarter last year, showing a substantial increase[60] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 63,495,894.56, a decline of 220.52% compared to the previous year[8] - Cash and cash equivalents decreased by ¥407,402,163.81, a decline of 42.94%, primarily due to reduced collections influenced by the COVID-19 pandemic and macroeconomic pressures[7] - Cash and cash equivalents at the end of the period were CNY 552,916,570.88, down from CNY 1,049,484,230.90 at the end of the previous year[74] - The company reported a total of ¥1,658,264,093.30 in cash received from sales of goods and services, down from ¥1,893,612,867.97 in the previous period[75] - Total cash inflow from investment activities reached ¥2,592,311,253.86, a substantial increase from ¥99,252,048.54 in the prior period[77] - The net cash flow from operating activities was -¥152,133,808.34, compared to -¥842,435.86 in the previous period, indicating a significant decline[75] Shareholder Information - The total number of shareholders at the end of the reporting period was 87,344[12] - The largest shareholder, Tu Shanzhong, held 22.87% of the shares, amounting to 410,630,418 shares[12] Liabilities and Equity - Total liabilities decreased from ¥3,351,405,127.84 in 2019 to ¥2,964,152,297.46 in 2020, a decrease of about 11.5%[46] - Total owner's equity decreased from ¥4,201,226,627.76 in 2019 to ¥4,189,047,627.95 in 2020, a slight decline of approximately 0.3%[46] - The company's total liabilities decreased to CNY 2,143,491,731.82 from CNY 2,561,373,527.85, representing a reduction of 16.34%[54] - Total equity reached CNY 4,201,226,627.76, remaining stable with no changes in the equity components[83] Asset Management - Total assets at the end of the reporting period were CNY 7,153,199,925.41, a decrease of 5.29% compared to the end of the previous year[8] - Total current assets decreased from ¥5,534,928,070.66 in 2019 to ¥5,151,679,466.97 in 2020, a decline of approximately 6.9%[44] - Inventory decreased significantly from ¥2,182,571,152.76 in 2019 to ¥541,235,594.89 in 2020, a drop of approximately 75.8%[44] - Total non-current assets decreased from ¥2,017,703,684.94 in 2019 to ¥2,001,520,458.44 in 2020, a decrease of about 0.8%[44] Expenses and Impairments - Financial expenses decreased by ¥22,050,277.72, a decline of 36.71%, mainly due to reduced interest expenses from bond buybacks[20] - Tax expenses decreased by ¥10,215,137.65, a decline of 90.86%, primarily due to a decrease in company profits[20] - Asset impairment losses increased by ¥29,668,221.83, mainly due to the planned transfer of Borui Saisi and the classification of its assets and liabilities as held for sale[20] - Research and development expenses for Q3 2020 were CNY 28,018,504.79, an increase of 12.56% compared to CNY 24,815,043.14 in the same period last year[54] Corporate Actions - The company plans to publicly transfer 100% equity of its wholly-owned subsidiary, Beijing Borui Saisi Information System Integration Co., Ltd., with a base price of 334,622,946.56 RMB[30] - The equity transfer was officially listed on September 8, 2020, and the first payment of 33,462,294.66 RMB was received from the buyer[31] - The company has not conducted any research, communication, or interview activities during the reporting period[40] - The company has not reported any expected significant changes in net profit for the year 2020[37] Compliance and Reporting - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[88] - The report was issued by the legal representative, indicating formal approval of the financial statements presented[89]

Financial Performance - The company's operating revenue for the reporting period was ¥925,072,480.16, a decrease of 30.50% compared to the same period last year[25]. - The net profit attributable to shareholders was -¥21,826,155.54, representing a decline of 124.43% year-on-year[25]. - The net cash flow from operating activities was -¥221,987,547.37, a decrease of 184.11% compared to the previous year[25]. - Total assets at the end of the reporting period were ¥7,318,988,859.11, down 3.09% from the end of the previous year[25]. - The company's operating revenue for the reporting period was ¥925,072,480.16, a decrease of 30.50% compared to ¥1,331,024,308.31 in the same period last year, primarily due to the impact of the COVID-19 pandemic on project undertaking and construction[50]. - Operating costs decreased by 24.62% to ¥836,412,262.26 from ¥1,109,541,408.05, reflecting cost management efforts amid declining revenue[50]. - The net cash flow from operating activities was -¥221,987,547.37, a decline of 184.11% compared to -¥78,133,997.79 in the previous year, mainly due to reduced collections influenced by the pandemic[50]. - The company reported a significant reduction in income tax expenses, down 98.45% to ¥140,836.04 from ¥9,091,240.04, attributed to decreased profits[50]. - The company reported a total of ¥5,576,940.76 in non-recurring gains and losses for the reporting period[30]. - The company experienced a 66.14% decrease in credit impairment losses, amounting to ¥13,582,719.83[56]. - The company reported a net profit of HKD 975,027,980.43, with a year-on-year decrease of 34,876,272.77, representing a decline of approximately 3.45%[79]. Market and Industry Conditions - The company reported significant reliance on real estate landscaping and design services, with over 50% of revenue derived from this sector, indicating vulnerability to industry regulatory changes[6]. - The competitive landscape in the landscaping industry remains intense, with many small players and low entry barriers, necessitating strategic adjustments for national expansion[9]. - The company is closely monitoring macroeconomic conditions and industry policies to enhance its risk management capabilities amid economic downturn pressures[10]. - The company acknowledges the potential for increased accounts receivable due to project financing structures, which may affect cash flow stability[7]. - The company emphasizes the importance of adapting to changing government policies in the municipal landscaping and environmental sectors, which could impact project viability[7]. - The company recognizes the ongoing risks associated with the tightening external economic environment, which may affect overall business performance[10]. - The company is actively pursuing market expansion in economically strong regions and first-tier cities, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area[47]. Strategic Initiatives - The company plans to maintain a cautious approach due to ongoing risks from the COVID-19 pandemic, which may impact project execution across various provinces[11]. - The company will not distribute cash dividends or issue bonus shares, indicating a focus on reinvestment[12]. - The company has established a solid operational foundation in regions such as South China, East China, and North China, but faces challenges in maintaining competitive advantages during nationwide expansion[9]. - The company has adjusted its operational strategy in response to the challenging market environment, focusing on high-return projects with better payment conditions to improve cash flow[46]. - The company aims to enhance its core competitiveness through technological innovation and refined management practices[33]. - The company has increased its investment in research and development, aiming to enhance competitive technology and accelerate the industrialization of research outcomes[43]. - The company has established a project management platform that integrates procurement and quality supervision, ensuring standardized processes across its operations[82]. - The company plans to implement a "designer responsibility system" for project management, leveraging existing design advantages to create a new integrated design and construction team[82]. - The company aims to expand into emerging sectors through mergers and acquisitions, focusing on teams, technologies, and operational concepts that offer synergistic integration value[82]. - The company is committed to optimizing marketing strategies and resource allocation in response to evolving market conditions[10]. - The company has established a comprehensive service chain in the landscaping industry, aiming for sustainable long-term development rather than just annual performance growth[80]. Financial Management and Investments - The financial management system has been enhanced to include comprehensive project lifecycle management, effectively reducing collection risks[40]. - The company has shifted its management approach towards digital transformation, improving data analysis and strategic adjustments[41]. - The company reported a significant increase in prepayments, which rose by 194.94% due to increased prepayments for quality traffic in internet advertising marketing[36]. - The company has established a complete ecological landscape industry chain, providing integrated services from planning and design to construction and maintenance[34]. - The company has not distributed cash dividends or bonus shares for the half-year period, indicating a focus on reinvestment[87]. - The company has not engaged in any related party transactions during the reporting period[101]. - The company did not have any significant contracts during the reporting period[116]. - The company has not reported any new product launches or technological developments in the current period[132]. - The company has not experienced any form of default in repaying bank debts and has a strong financing ability[152]. - The company issued bonds with a total scale of 820 million yuan, which will be used to optimize debt structure, repay financial institution loans, and supplement working capital[147]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period reached 93,423[128]. - The largest shareholder, Tu Shanzhong, holds 22.87% of the shares, totaling 410,630,418 shares[129]. - The second largest shareholder, Huang Qinghe, holds 11.77% of the shares, totaling 211,444,914 shares[129]. - The total number of restricted shares at the beginning of the period was 14,111,928, with 4,961,628 shares released during the period[126]. - The total number of restricted shares at the end of the period is 9,150,300[126]. - The company has a total of 102,657,605 unrestricted shares held by Tu Shanzhong[129]. - The company has a total of 52,861,229 unrestricted shares held by Huang Qinghe[129]. - The company has 28,739,543 unrestricted shares held by Shenzhen Boyi Investment Development Co., Ltd.[129]. - The company has 25,446,470 unrestricted shares held by Shandong State-owned Assets Investment Holdings Co., Ltd.[129]. - The company has 25,369,500 unrestricted shares held by Central Huijin Asset Management Co., Ltd.[129]. - The company reported a total of 646,508,323 shares held by directors, supervisors, and senior management, with a decrease of 400,000 shares during the reporting period[139]. - The company has maintained a stable shareholding structure with no significant changes in ownership[131]. Legal and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[93]. - The company has not undergone any bankruptcy restructuring during the reporting period, reflecting financial stability[92]. - There were no violations regarding external guarantees during the reporting period[114]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[117]. - The company has not initiated any targeted poverty alleviation efforts during the reporting period and has no subsequent plans[118]. - There were no other significant matters requiring explanation during the reporting period[119]. - There were no significant matters related to subsidiaries during the reporting period[120].

Financial Performance - The company's operating revenue for 2019 was ¥3,090,611,048.04, a decrease of 18.79% compared to ¥3,805,568,989.89 in 2018[23]. - The net profit attributable to shareholders was -¥1,045,864,847.90, representing a decline of 2,545.20% from ¥42,772,165.25 in the previous year[23]. - The net cash flow from operating activities increased by 190.91% to ¥407,161,310.82 from ¥139,962,596.85 in 2018[23]. - The total assets at the end of 2019 were ¥7,552,631,755.60, down 15.94% from ¥8,985,287,962.33 at the end of 2018[24]. - The company's net assets attributable to shareholders decreased by 20.56% to ¥4,066,248,484.04 from ¥5,118,472,319.62 in 2018[24]. - The basic earnings per share for 2019 was -¥0.58, a significant drop from ¥0.02 in 2018, reflecting a decrease of 3,000.00%[23]. - The company reported a net profit excluding non-recurring items of -¥1,068,219,945.75, compared to -¥7,292,614.22 in 2018, marking a decline of 14,547.97%[23]. - The company achieved operating revenue of RMB 309,061 million in 2019, reflecting a decline in business income due to increased industry competition and economic pressures[62]. - The total operating revenue for 2019 was approximately ¥3.09 billion, a decrease of 18.79% compared to ¥3.81 billion in 2018[70]. - The landscape architecture segment generated ¥2.49 billion, accounting for 80.68% of total revenue, down 7.48% from ¥2.70 billion in 2018[70]. - The environmental protection segment's revenue fell by 45.62% to ¥292.66 million, down from ¥538.14 million in the previous year[70]. - The gross profit margin for the landscape architecture segment improved to 6.18%, despite a revenue decline of 7.48%[73]. Market Position and Strategy - The company reported significant reliance on real estate landscaping and design services, with over 50% of revenue derived from this sector, indicating vulnerability to industry regulatory changes[6]. - The competitive landscape in the landscaping industry has intensified, with over 16,000 companies operating in China, necessitating strategic adjustments for national expansion[9]. - The company has established a solid operational foundation in regions such as South China, East China, and North China, but will face increased competition in these areas[9]. - The company is focusing on sustainable development and expanding into environmental protection and urban renewal sectors[33]. - The company aims to enhance its core competitiveness through technological innovation and refined management practices[33]. - The company has established a strong market position with over 20 years of quality customer resources and high technical standards, covering key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[37]. - The company adjusted its development strategy to focus on economically strong regions and first-tier cities, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area[67]. - The company plans to deepen its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area and expand to key cities nationwide, balancing efficiency and quality in its operations[121]. Risk Management and Compliance - The company plans to optimize marketing strategies and resource allocation to enhance sensitivity to macroeconomic changes and improve risk management capabilities[10]. - The overall economic environment remains challenging, with structural and cyclical issues contributing to downward pressure on growth rates[10]. - The company emphasizes the importance of adapting to policy changes in the municipal landscaping and environmental protection sectors to mitigate operational risks[7]. - The company is committed to closely monitoring macroeconomic trends and industry policies to navigate potential risks effectively[10]. - The company is currently involved in PPP projects, which face risks related to legal compliance and market supply due to evolving regulations[44]. - The company has implemented a comprehensive project risk control system, enhancing cash flow management and reducing payment risks[58]. - The company has established complete decision-making procedures and mechanisms regarding cash dividends[138]. Research and Development - The company continues to invest in R&D, focusing on new plant development and ecological restoration, with significant technological advancements expected to support future growth[57]. - Research and development investment amounted to ¥102,237,816.23 in 2019, a decrease of 7.20% compared to ¥110,166,528.76 in 2018[93]. - The number of R&D personnel decreased by 13.18% from 349 in 2018 to 303 in 2019[93]. - The company received five government project approvals related to horticultural cultivation technology in 2019[88]. - Three new invention patents were granted, including methods for water purification using wetland plants[90]. - The company obtained 3 new invention patents and 17 utility model patents during the reporting period, focusing on high-temperature and high-pressure fluid transport and wastewater treatment technologies[91]. Shareholder Returns and Dividends - No cash dividends or stock bonuses will be distributed to shareholders, reflecting a focus on reinvestment[11]. - The company is committed to a stable profit distribution policy, ensuring that cash dividends are at least 10% of the annual distributable profits[137]. - The company will adopt a cash dividend approach whenever possible, with a minimum cash distribution of 30% of the average distributable profits over any three consecutive years[134]. - The company did not distribute cash dividends in 2019, with a total cash dividend of 0.00 yuan, representing 0.00% of the net profit attributable to ordinary shareholders[141]. - In 2018, the company distributed cash dividends of 5,387,671.36 yuan, which accounted for 12.60% of the net profit attributable to ordinary shareholders[141]. - The company has a clear and transparent cash dividend policy, with independent directors fulfilling their responsibilities[138]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be accurate and complete by its board and management, ensuring transparency for investors[4]. - The company has ensured that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are adequately protected[138]. - The company has made commitments to avoid related party transactions that could harm the interests of Pubang Co. and its shareholders[154]. - The company will adhere to market principles and fair pricing in any necessary related party transactions[154]. - The company will ensure compliance with relevant laws and regulations in conducting transactions and information disclosure[154]. - The company did not face any major litigation or arbitration matters during the reporting period[180]. - The company did not experience any penalties or rectification situations during the reporting period[181]. Operational Efficiency - The company has implemented a cost-cutting strategy aimed at reducing operational expenses by 8% over the next year[162]. - The company focused on high-return projects with favorable payment conditions to improve cash flow amid increasing accounts receivable pressure[64]. - The company has established over 10 subsidiaries nationwide, creating a full industry chain for ecological landscape services[55]. - The procurement model combines centralized control with tiered authorization, utilizing an online procurement platform to select quality suppliers and manage legal risks[45]. - The company has established a complete ecological landscape industry chain, aiming for sustainable long-term development rather than just annual performance growth[119].