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].

Financial Performance - The company's operating revenue for Q1 2020 was ¥296,080,030.58, a decrease of 43.77% compared to ¥526,507,439.70 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥35,052,173.68, representing a decline of 476.91% from a profit of ¥9,299,865.71 in the previous year[8] - Basic and diluted earnings per share both dropped to -¥0.020, a decrease of 500.00% from ¥0.005 in the previous year[8] - The net profit for Q1 2020 was a loss of CNY 34,244,333.71, compared to a profit of CNY 11,150,117.78 in Q1 2019[46] - The net profit for Q1 2020 was -14,271,087.98 CNY, compared to -21,915,827.91 CNY in Q1 2019, indicating an improvement of approximately 34.5% year-over-year[51] - The total profit for Q1 2020 was -16,563,647.28 CNY, an improvement from -25,445,377.98 CNY in Q1 2019, indicating a reduction in losses by about 34.9%[51] Cash Flow - The net cash flow from operating activities was negative at ¥334,888,233.91, worsening by 187.40% compared to a negative cash flow of ¥116,525,158.99 in the same period last year[8] - Cash flow from operating activities showed a net outflow of -334,888,233.91 CNY in Q1 2020, worsening from -116,525,158.99 CNY in Q1 2019[56] - Cash flow from investing activities resulted in a net outflow of -143,119,686.17 CNY in Q1 2020, compared to -30,254,383.53 CNY in Q1 2019, indicating increased investment expenditures[56] - Cash flow from financing activities generated a net inflow of 191,019,566.64 CNY in Q1 2020, up from 146,630,548.93 CNY in Q1 2019, showing a 30.2% increase[56] - The company incurred a net cash outflow from investment activities of -¥57,778,535.24, contrasting with a net inflow of ¥6,814,119.37 in the previous period, suggesting reduced investment returns[60] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,181,075,116.94, down 4.92% from ¥7,552,631,755.60 at the end of the previous year[8] - The company's current assets totaled CNY 5,164,100,883.28, down from CNY 5,534,928,070.66, indicating a decrease of about 6.69%[36] - Total liabilities decreased to CNY 3,011,604,867.53 from CNY 3,351,405,127.84, a decline of about 10.14%[38] - The company's equity attributable to shareholders decreased to CNY 4,033,449,044.06 from CNY 4,066,248,484.04, reflecting a decrease of approximately 0.81%[39] - Total liabilities amounted to CNY 3,351,405,127.84, a decrease of CNY 24,507,318.16 compared to the previous period[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 97,512[12] - The top shareholder, Tu Shanzhong, held 22.87% of the shares, amounting to 410,630,418 shares[12] Operational Changes - Cash and cash equivalents decreased by ¥315,840,430.45, a decline of 33.29%, primarily due to the early Spring Festival holiday and the impact of the COVID-19 pandemic on collections[7] - Operating revenue decreased by ¥230,427,409.12, a decline of 43.77%, mainly due to the early Spring Festival holiday and significant impacts on project undertakings and construction[7] - The company plans to focus on improving cash flow management and reducing operational costs in the upcoming quarters to enhance financial stability[60] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[70] Inventory and Receivables - Inventory decreased by ¥1,723,795,078.02, a decline of 78.98%, primarily due to reclassification under the new revenue standards[7] - Accounts receivable decreased to CNY 1,303,674,958.30 from CNY 1,608,543,502.34, a reduction of about 19.00%[36] - Accounts receivable stood at ¥1,608,543,502.34, reflecting the company's ongoing credit sales and potential collection issues[63] - Inventory levels were reported at ¥2,182,571,152.76, which may indicate overstocking or slow-moving goods[63]

Financial Performance - The company's operating revenue for Q1 2020 was ¥296,080,030.58, a decrease of 43.77% compared to ¥526,507,439.70 in the same period last year[8] - The net profit attributable to shareholders was -¥35,052,173.68, representing a decline of 476.91% from ¥9,299,865.71 in the previous year[8] - Basic and diluted earnings per share were both -¥0.020, a decrease of 500.00% from ¥0.005 in the previous year[8] - The net profit for Q1 2020 was a loss of CNY 34,244,333.71, compared to a profit of CNY 11,150,117.78 in Q1 2019[47] - The net profit for the first quarter of 2020 was -14,271,087.98 CNY, compared to -21,915,827.91 CNY in the same period last year, indicating an improvement of approximately 34.5%[51] - Operating profit for the first quarter was -16,855,788.74 CNY, an improvement from -25,380,595.18 CNY year-over-year, reflecting a reduction in losses of about 33.5%[51] Cash Flow - The net cash flow from operating activities was -¥334,888,233.91, which is a 187.40% increase in negative cash flow compared to -¥116,525,158.99 in the same period last year[8] - Net cash flow from operating activities decreased by ¥218,363,074.92, a decline of 187.40%, primarily due to reduced collections influenced by the early Spring Festival holiday and the COVID-19 pandemic[6] - The net cash flow from investing activities decreased by ¥112,865,302.64, a decline of 373.05%, mainly due to cash payments for structured deposits and financial products[6] - The net cash flow from financing activities increased by ¥44,389,017.71, a growth of 30.27%, primarily due to cash received from the issuance of a debt financing plan[6] - The net cash flow from investing activities was -57,778,535.24 CNY, compared to 6,814,119.37 CNY in the previous year[59] - The net cash flow from financing activities was 229,182,048.81 CNY, compared to 87,067,756.08 CNY in the previous year[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,205,442,144.00, down 5.71% from ¥7,641,771,981.35 at the end of the previous year[8] - Total current assets decreased to ¥5,187,652,436.57 from ¥5,624,019,943.55, a decline of approximately 7.8% year-over-year[36] - Total liabilities decreased to ¥2,988,333,253.34 from ¥3,392,906,712.34, a decline of approximately 11.9%[38] - Short-term borrowings increased to ¥527,000,000.00 from ¥407,000,000.00, an increase of about 29.5%[37] - Current liabilities totaled CNY 1,652,402,302.68, down from CNY 1,966,200,998.37 in the previous quarter[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,512[12] - The largest shareholder, Tu Shanzhong, holds 22.87% of the shares, amounting to 410,630,418 shares[12] Revenue and Costs - Operating costs decreased by ¥191,691,694.02, a decline of 40.91%, corresponding to the decrease in revenue[6] - Total operating costs for Q1 2020 were CNY 345,898,069.10, down 37% from CNY 547,765,474.94 year-on-year[46] - Total revenue from sales of goods and services received was 600,346,155.56 CNY, down from 913,757,382.79 CNY in the previous year, representing a decline of approximately 34.2%[54] Other Financial Metrics - The weighted average return on net assets was -0.86%, a decline of 1.04% compared to 0.18% in the previous year[8] - The company reported non-recurring gains and losses totaling ¥1,702,638.63, primarily from structural deposit interest[9] - Tax expenses decreased by ¥2,566,940.78, a decline of 204.41%, mainly due to the decrease in company profits[6] - Other income decreased by ¥1,565,130.60, a decline of 88.56%, primarily due to reduced government subsidies recognized in the reporting period[6] - Investment income decreased by ¥9,493,915.20, a decline of 69.09%, mainly due to reduced investment returns from joint ventures[6] - Research and development expenses for Q1 2020 were CNY 14,234,128.70, a decrease of 21.5% from CNY 18,070,820.79 in the previous year[46] Cash and Cash Equivalents - Cash and cash equivalents decreased by ¥315,840,430.45, a decline of 33.29%, primarily due to the early Spring Festival holiday and the impact of the COVID-19 pandemic on collections[6] - The company's cash and cash equivalents decreased to ¥633,019,332.52 from ¥948,859,762.97, a drop of about 33.3%[36] - Cash and cash equivalents at the end of the period totaled 548,666,267.53 CNY, down from 921,736,987.87 CNY at the end of the previous year, a decrease of about 40.5%[56] - The cash outflow for debt repayment was 200,500,000.00 CNY[59] Audit and Standards - The first quarter report was not audited[60] - The company did not apply new revenue and leasing standards for the first quarter of 2020[60]

Financial Performance - Operating revenue for the reporting period was ¥793,566,502.18, a decrease of 9.28% year-on-year[8]. - Net profit attributable to shareholders was ¥14,557,504.49, down 63.40% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,834,362.68, a decrease of 69.76% year-on-year[8]. - Basic earnings per share were ¥0.008, down 63.64% compared to the same period last year[8]. - Total operating revenue for the current period is $793.57 million, a decrease of 9.3% from $874.70 million in the previous period[55]. - Net profit for the current period is $15.33 million, a decline of 63.1% compared to $41.54 million in the previous period[56]. - The company reported a total profit of $17.49 million, down 60.7% from $44.44 million in the previous period[56]. - Total operating revenue for the third quarter was CNY 2,124,590,810.49, a decrease of 16.0% compared to CNY 2,529,208,520.46 in the same period last year[64]. - Net profit for the third quarter was CNY 106,702,963.22, a decline of 25.2% from CNY 142,625,648.92 in the previous year[66]. Cash Flow and Assets - The net cash flow from operating activities was ¥52,685,644.91, an increase of 212.37% compared to the previous year[8]. - Cash and cash equivalents reached CNY 1,128,945,362.99, up from CNY 1,035,351,853.16 in December 2018, reflecting a growth of approximately 9%[45]. - The total cash and cash equivalents at the end of the period amounted to approximately 1.05 billion, up from 749.03 million at the end of the previous year[75]. - The total cash outflow for operating activities was approximately 2.37 billion, down from 2.92 billion in the previous year, reflecting improved cash management[74]. - The total current assets amounted to CNY 6,219,905,393.06, remaining stable compared to the previous year[81]. - The total cash inflow from financing activities was CNY 671,809,340.18, compared to CNY 795,155,998.30 in the previous year, indicating a decline of approximately 15.6%[78]. Shareholder Information - The company reported a total of 102,835 common shareholders at the end of the reporting period[12]. - The top shareholder, Tu Shanzhong, holds 22.87% of the shares, totaling 410,630,418 shares[12]. - The company has established a lock-up period for shares acquired through the issuance, lasting 12 months post-issuance[34]. - The management shareholders will not engage in related party transactions unless necessary, ensuring fair market practices[32]. Liabilities and Equity - Total liabilities decreased from CNY 3,739,051,001.74 to CNY 3,675,117,382.21, a reduction of approximately 1.7%[48]. - Current liabilities totaled CNY 2,581,840,477.91, down from CNY 2,740,818,096.73, reflecting a decrease of about 5.8%[48]. - Total equity increased from CNY 5,246,236,960.59 to CNY 5,356,158,685.35, reflecting a growth of approximately 2.1%[48]. Investment and Development - The company committed to ensuring the stable and sustainable development of its subsidiary, Deep Blue Environmental, with management shareholders promising to remain employed for at least 48 months post-equity transfer[28]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[72]. - The company has initiated new strategies for market expansion and product development, focusing on enhancing operational efficiency and customer engagement[72]. Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[38]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[39]. - The report was not audited, which may affect the reliability of the financial data presented[90].

Revenue and Profitability - The company's operating revenue for the reporting period was ¥1,331,024,308.31, a decrease of 19.55% compared to the same period last year[24]. - The net profit attributable to shareholders was ¥89,340,045.61, down 9.95% year-over-year[24]. - The net profit after deducting non-recurring gains and losses was ¥78,860,143.23, reflecting a decline of 14.19% compared to the previous year[24]. - Total revenue for the period was ¥1,331,024,308.31, a decrease of 19.55% compared to ¥1,654,509,853.38 in the same period last year[53]. - Revenue from the landscaping sector was ¥982,804,433.42, accounting for 73.83% of total revenue, down 16.68% from ¥1,179,511,765.51[53]. - Environmental revenue decreased by 44.35% to ¥110,958,713.03, primarily due to a focus on high-quality projects leading to a reduction in overall business volume[56]. - Revenue from vacation landscaping dropped 65.25% to ¥27,930,523.69, attributed to a decrease in contract volume[56]. - The company reported a significant decline in overseas revenue, which fell by 48.41% to ¥20,185,843.90, due to decreased business in landscaping and internet data services[56]. Cash Flow and Financial Position - The net cash flow from operating activities improved to -¥78,133,997.79, a 62.26% increase from -¥207,026,119.95 in the same period last year[24]. - The company's cash and cash equivalents net increase was -RMB 218,522,461.35, a reduction of 78.37% compared to -RMB 1,010,243,270.60 in the previous year[50]. - The company is focusing on high-quality project selection to improve cash flow and reduce operational risks amid tightening cash flow management in the real estate sector[45]. - Cash inflow from operating activities was CNY 1,556,157,720.17, down from CNY 1,807,052,513.63 in the first half of 2018, representing a decrease of about 13.9%[188]. - The ending balance of cash and cash equivalents was CNY 704,875,801.71, down from CNY 842,974,551.91 at the end of the first half of 2018[190]. Business Strategy and Market Position - The company has established a solid business foundation in regions such as East China, North China, Southwest, and Central China, while maintaining its competitive edge in South China[8]. - The company has been actively expanding into new business areas, including environmental protection and mobile marketing, enhancing its service capabilities[32][33]. - The company aims to expand into emerging sectors through external acquisitions, enhancing its product line and optimizing business structure to better meet existing customer needs[79]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2020[90]. - The company is focusing on high-open and financially robust regions to build brand presence and market influence[79]. Risks and Challenges - The company reported that over 50% of its revenue comes from real estate landscaping engineering and design services, which are affected by regulatory policies in the real estate sector[6]. - The company has faced risks related to cash flow due to the need for upfront investment in municipal landscaping and environmental projects, leading to potential increases in accounts receivable[7]. - The company is exposed to risks from natural disasters that could disrupt outdoor construction projects, potentially increasing costs and impacting financial performance[11]. - The domestic landscaping industry has over 16,000 companies, resulting in intense competition; however, the company maintains advantages in scale, brand image, and customer resources[8]. Acquisitions and Investments - The acquisition of 100% of BoRuiSaiSi has established the internet marketing sector as a new growth point for the company, although market competition and economic fluctuations pose risks[9][10]. - The company has completed acquisitions to strengthen its position in the environmental and internet marketing sectors, including the purchase of 100% equity in Deep Blue Environmental Protection and Bo Rui Si Si[32]. - The company holds a 25.4% stake in Baosheng Technology, which was acquired to strengthen its position in the internet data service sector[39]. Shareholder and Management Commitments - The company plans to distribute at least 10% of its distributable profits in cash annually over the next three years (2017, 2018, and 2019)[98]. - The management has developed a project lifecycle management model that has been successfully implemented across various branches, establishing a standardized process foundation[79]. - The company has established a clear framework for managing potential conflicts of interest and ensuring compliance with its operational guidelines[96]. - The company’s original management shareholders are required to notify the company of any business opportunities that may conflict with its main operations[96]. Financial Management and Debt - The company has a total bank credit limit of CNY 1.7 billion, ensuring sufficient capacity for bond repayment[156]. - The company plans to expand financing channels and improve debt structure to ensure solid repayment capabilities for its bonds[156]. - The company has not experienced any defaults on bank debts and maintains a good credit record in the domestic banking sector[156]. - The company’s bond interest is paid annually, with the first interest payment date on December 14, 2018[154]. Research and Development - New product development efforts are focused on eco-friendly landscaping solutions, with an investment of 50 million yuan allocated for R&D in 2019[88]. - Research and development expenses increased to CNY 40,566,615.97, up 5.1% from CNY 38,585,628.70 in the previous year[178].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 526,507,439.70, a decrease of 25.03% compared to CNY 702,328,823.38 in the same period last year[8]. - The net profit attributable to shareholders was CNY 9,299,865.71, down 7.24% from CNY 10,025,926.20 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 3.29% to CNY 6,404,592.85 from CNY 6,200,820.63 in the previous year[8]. - The company reported a total profit of -25,445,377.98 CNY for Q1 2019, compared to -6,435,226.11 CNY in Q1 2018[63]. - The company's net profit for Q1 2019 was -21,915,827.91 CNY, compared to -6,025,353.96 CNY in the same period last year, indicating a significant increase in losses[63]. - Net profit for Q1 2019 was CNY 11,150,117.78, slightly up from CNY 11,003,734.95 year-on-year, indicating a growth of 1.3%[59]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching CNY -116,525,158.99, a 66.94% increase compared to CNY -352,508,294.51 in the same period last year[8]. - Cash and cash equivalents at the end of the period were 921,736,987.87 CNY, a decrease from 1,303,513,706.98 CNY at the end of the previous year[69]. - The company achieved a net cash flow from financing activities of 146,630,548.93 CNY, contrasting with a negative cash flow of -128,805,033.53 CNY in the same quarter last year[69]. - Total current assets decreased from CNY 6,219,905,393.06 to CNY 5,857,810,376.55, a decline of approximately 5.8%[48]. - Total assets at the end of the reporting period were CNY 8,649,441,760.18, a decrease of 3.74% from CNY 8,985,287,962.33 at the end of the previous year[8]. - Total liabilities decreased from CNY 3,739,051,001.74 to CNY 3,396,648,532.65, a decline of about 9.2%[50]. Shareholder Information - The total number of shareholders at the end of the reporting period was 97,397[12]. - The company reported a lock-up period for shares obtained from the issuance, lasting 12 months from the completion of the issuance[31]. - The original management shareholders committed to a gradual release of shares over four years, with unlock ratios of 25%, 30%, 30%, and 15% for the years 2016, 2017, 2018, and 2019 respectively[31]. - The management shareholders pledged to remain employed at the company for at least 48 months post-acquisition to ensure stability and development[31]. Compliance and Governance - The company emphasized maintaining its independence and ensuring that its employees, assets, and finances remain distinct from those of its controlling shareholders[35]. - The company is focused on ensuring compliance with relevant laws and regulations regarding related transactions and shareholder rights[35]. - The original management shareholders are liable for any losses incurred by the company due to violations of their commitments[35]. - The company has made commitments to avoid engaging in any business that competes with its main operations during their tenure and for a specified period after leaving[38]. Financial Standards and Reporting - The company’s financial statements are prepared in accordance with the relevant accounting standards, with the consolidated balance sheet presented in yuan[47]. - The company implemented new financial instrument accounting standards starting January 1, 2019, affecting prior comparative financial statements[79]. - The first quarter report for 2019 was not audited[80]. - The company has not provided any forecasts for its operating performance for the first half of 2019[41].