江苏中晟高科环境股份有限公司 关于举办2022年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 江苏中晟高科环境股份有限公司（以下简称"公司"）已于 2023 年 4 月 24 日在巨潮资讯网上披露了《2022 年年度报告全文》及《2022 年年度报告摘要》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2023 年 05 月 15 日（星期一）15:00-17:00 在"价值在线"（www.ir-online.cn） 举办江苏中晟高科环境股份有限公司 2022 年度业绩说明会，与投资者进行沟通 证券代码：002778 证券简称：中晟高科 公告编号：2023-021 会议召开时间：2023 年 05 月 15 日（星期一）15:00-17:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会 议 问 题 征 集 ： 投 资 者 可 于 2023 年 05 月 15 日 前 访 问 网 址 https://eseb.cn/141EA9CRYqI 或使用 ...

Financial Performance - The company's revenue for Q3 2022 was ¥154,246,282.31, representing a decrease of 24.74% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥9,098,155.24, a decline of 151.85% year-on-year[4] - The basic earnings per share for Q3 2022 was -¥0.07, a decrease of 150.00% compared to the same period last year[4] - The company's total revenue for the first nine months of 2022 was ¥445,354,859.11, down 33.50% from ¥669,750,882.85 in the same period of 2021[8] - The net profit for the period was a loss of CNY 9,503,581.75, compared to a profit of CNY 86,422,121.11 in the previous period, representing a significant decline[16] - The basic and diluted earnings per share were both -CNY 0.13, compared to CNY 0.50 in the previous period[17] - The total comprehensive income for the period was a loss of CNY 9,503,581.75, compared to a profit of CNY 86,422,121.11 in the previous period[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,398,445,664.27, down 14.87% from the end of the previous year[4] - As of September 30, 2022, the total assets of Jiangsu Zhongsheng Gaoke Environmental Co., Ltd. amounted to CNY 1,398,445,664.27, a decrease from CNY 1,642,658,712.93 at the beginning of the year[13] - The company's current assets decreased to CNY 896,224,440.17 from CNY 1,126,273,929.41, reflecting a decline of approximately 20.4%[13] - Total liabilities decreased to CNY 778,291,959.25 from CNY 994,288,431.16, reflecting a reduction of approximately 21.7%[14] - The company's total equity remained unchanged at CNY 620,153,704.02 as of September 30, 2022[14] Cash Flow - The company reported a cash flow from operating activities of ¥53,783,149.84, which is an 18.33% decrease year-to-date[4] - Cash flow from operating activities generated a net cash inflow of CNY 53,783,149.84, down from CNY 65,852,599.93 in the previous period[17] - The ending balance of cash and cash equivalents was 94,133,112.47 CNY, down from 169,915,846.57 CNY year-over-year[18] - The net increase in cash and cash equivalents was -91,859,683.14 CNY, compared to -80,942,649.91 CNY in the previous period[18] Inventory and Expenses - The company experienced a 36.36% decrease in inventory, totaling ¥122,386,486.88, as a result of reduced stock levels[7] - Total operating costs amounted to CNY 454,559,792.63, down 20.9% from CNY 574,904,672.35 in the previous period[15] - Research and development expenses were CNY 21,647,730.48, slightly down from CNY 22,985,670.69 in the previous period[15] Financing Activities - Cash inflow from financing activities totaled 217,606,169.40 CNY, up from 133,163,432.04 CNY year-over-year[18] - Cash outflow for financing activities was 357,126,323.05 CNY, compared to 272,377,495.80 CNY in the previous period[18] - The net cash flow from financing activities was -139,520,153.65 CNY, slightly worse than -139,214,063.76 CNY in the previous period[18] Other Financial Metrics - The financial expenses increased by 32.38% to ¥8,962,790.98 due to an increase in long-term borrowings[8] - The company reported a significant reduction in government subsidies received, with other income decreasing by 69.47% to ¥467,573.30[8] - The company recorded an investment income of CNY 1,782,213.22 during the period[15] - The company did not undergo an audit for the third quarter report[19]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥291,108,576.80, a decrease of 37.37% compared to ¥464,800,189.52 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥7,369,558.82, representing a decline of 116.27% from ¥45,304,962.98 in the previous year[22]. - The net cash flow from operating activities was ¥20,321,183.71, down 63.21% from ¥55,231,809.85 in the same period last year[22]. - Basic and diluted earnings per share were both -¥0.06, a decrease of 116.67% compared to ¥0.36 in the previous year[22]. - The total assets at the end of the reporting period were ¥1,459,469,270.90, a decrease of 11.15% from ¥1,642,658,712.93 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥540,511,066.17, down 4.60% from ¥566,593,619.99 at the end of the previous year[22]. - The company's operating revenue for the reporting period was ¥291,108,576.80, a decrease of 37.37% compared to ¥464,800,189.52 in the same period last year, primarily due to delays in project acceptance and logistics disruptions caused by the COVID-19 pandemic[59]. - Operating costs decreased by 31.16% to ¥246,168,855.75 from ¥357,611,684.70, reflecting the decline in operating revenue[59]. - Research and development investment was ¥14,449,840.23, down 13.51% from ¥16,706,415.72, indicating a reduction in R&D activities[59]. - The company reported a net profit attributable to the parent company of 90 million yuan for the first half of 2022, with performance commitments requiring a cumulative net profit of at least 300 million yuan during the commitment period[104]. Business Operations - The company is focused on the research, production, and sales of various lubricating oil products, while also adhering to environmental regulations that may impact growth[5]. - The company operates in the lubricant oil sector, producing over 200 specifications across 13 categories, including transformer oil, hydraulic oil, and engine oil, serving industries such as power, machinery, and transportation[30]. - The company has established a dual business model, combining lubricant oil production with environmental services through its subsidiary, Zhongsheng Environment, which focuses on ecological restoration and wastewater treatment[30]. - The procurement model is based on historical data to maintain minimum inventory levels for base oils and additives, ensuring timely order fulfillment[34]. - The production model is "sales-driven," allowing for quick adjustments to production plans based on market demand, enhancing capacity utilization[35]. - The sales strategy includes direct sales to end-users and distribution through dealers, with major clients including China Petroleum and Sinopec[35]. - Zhongsheng Environment employs a direct sales model for its environmental services, targeting industrial and wastewater treatment companies through negotiations and competitive bidding[39]. - The company emphasizes flexible production capabilities, integrating automation and information management to quickly adapt to market demands[43]. - The company has a complete environmental service chain through its subsidiary, Zhongsheng Environment, with 38 authorized patents and a focus on water treatment and soil remediation technologies[54]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[87]. - The total wastewater discharge was 7,428 tons per annum, with no exceedance of discharge standards[87]. - Chemical oxygen demand (COD) discharge was 3.474 tons per annum, also within the regulatory limits[87]. - Ammonia nitrogen discharge was 0.106 tons per annum, compliant with the standards[87]. - Total nitrogen discharge was 0.565 tons per annum, meeting the required limits[87]. - The company has established a wastewater treatment facility with a daily capacity of 140 tons, utilizing a biochemical treatment process[88]. - The company has three sets of activated carbon adsorption devices for air pollution control, ensuring no exceedance of emission standards[89]. - The company has not produced any process wastewater during production, and all organic waste gases are treated to meet standards before discharge[89]. - The company has implemented a comprehensive environmental emergency response plan to address potential risks such as fire, chemical leaks, and treatment facility failures[93]. - The company emphasizes safety production management with a series of established safety protocols and training programs[93]. Shareholder and Governance - The company held three temporary shareholder meetings in 2022 with investor participation rates of 37.68%, 38.81%, and 39.04% respectively[80]. - The annual shareholder meeting in 2021 had a participation rate of 39.08%[80]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[83]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[84]. - The company experienced changes in its board members, with several resignations and elections occurring in early 2022[82]. - The total number of ordinary shareholders at the end of the reporting period was 10,008[132]. - The largest shareholder, Suzhou Wuzhong Rongyue Investment Management Co., held 22.35% of the shares[132]. - The company did not have any significant changes in share capital during the reporting period[130]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[136]. - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board[184]. Financial Position and Assets - Cash and cash equivalents decreased to ¥143,501,532, accounting for 9.83% of total assets, down from 11.48% last year, a decrease of 1.65% due to acquisition payments[64]. - Accounts receivable decreased to ¥552,755,820, representing 37.87% of total assets, down from 39.06% last year, a decrease of 1.19%[64]. - Inventory decreased to ¥150,132,335, accounting for 10.29% of total assets, down from 11.71% last year, a decrease of 1.42%[64]. - Short-term borrowings increased to ¥180,129,150, representing 12.34% of total assets, up from 7.31% last year, an increase of 5.03%[64]. - Long-term borrowings increased to ¥181,000,000, accounting for 12.40% of total assets, up from 6.76% last year, an increase of 5.64% due to acquisition payments[64]. - Total current assets decreased from CNY 1,126,273,929.41 on January 1, 2022, to CNY 951,949,917.10 by June 30, 2022, representing a decline of approximately 15.5%[146]. - Total liabilities decreased from CNY 994,288,431.16 to CNY 831,845,040.02, a reduction of about 16.4%[148]. - The total equity of the company was CNY 580,639,382.44, down from CNY 619,183,999.19 in the previous year[155]. - The total assets of the company reached 1.3 billion, demonstrating robust growth in asset management[171]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[176]. - Future guidance indicates a projected revenue growth of 8.7% for the upcoming quarters, driven by market expansion strategies[171]. - The company aims to enhance its financial position through strategic investments and potential mergers or acquisitions in the future[167].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥291,108,576.80, a decrease of 37.37% compared to ¥464,800,189.52 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was a loss of ¥7,369,558.82, representing a decline of 116.27% from a profit of ¥45,304,962.98 in the previous year[22]. - The net cash flow from operating activities decreased by 63.21% to ¥20,321,183.71, down from ¥55,231,809.85 in the same period last year[22]. - Basic and diluted earnings per share were both -¥0.06, a decrease of 116.67% compared to ¥0.36 in the previous year[22]. - Total assets at the end of the reporting period were ¥1,459,469,270.90, down 11.15% from ¥1,642,658,712.93 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company decreased by 4.60% to ¥540,511,066.17 from ¥566,593,619.99 at the end of the previous year[22]. - The company reported a significant decline in both net profit and revenue, indicating challenges in the current market environment[22]. - The company's operating revenue for the reporting period was ¥291,108,576.80, a decrease of 37.37% compared to ¥464,800,189.52 in the same period last year, primarily due to delays in project acceptance caused by the COVID-19 pandemic[61]. - Operating costs decreased by 31.16% to ¥246,168,855.75 from ¥357,611,684.70, reflecting the decline in operating revenue[61]. - Research and development expenses were ¥14,449,840.23, down 13.51% from ¥16,706,415.72, indicating a reduction in investment in innovation[61]. - The company reported a net cash flow from financing activities of -¥76,245,939.00, a decrease of 45.35% from -¥139,518,505.52, due to the acquisition of equity and an increase in long-term borrowings[61]. - The environmental sector's revenue dropped by 49.08% to ¥103,693,727.84, down from ¥203,641,713.20, indicating a significant impact on this segment[62]. - The company's gross profit margin in the environmental sector was 34.63%, reflecting a decrease of 48.44% in operating costs compared to the previous year[63]. Business Operations - The company is focused on the research, production, and sales of various lubricating oil products, while also adhering to environmental regulations that may impact growth[6]. - The company operates in the lubricant oil sector, producing over 200 specifications across 13 categories, including transformer oil, hydraulic oil, and engine oil, serving industries such as power, machinery, and transportation[30]. - The company has a dual business model, with lubricant oil operations and its subsidiary, Zhongsheng Environment, focusing on environmental services like wastewater treatment and soil remediation[43]. - The company employs a "sales-driven production" model, adjusting production plans based on confirmed customer orders to optimize capacity utilization[35]. - The sales strategy combines direct sales to end-users and distribution through dealers, including major companies like Sinopec and PetroChina[35]. - The environmental services include a contract-based operation model for wastewater treatment facilities, with monthly or quarterly settlements based on service agreements[40]. - The company emphasizes R&D in lubricant products, ensuring compliance with customer specifications through refining and blending processes[30]. - The environmental engineering and soil remediation services are executed through project contracts, with payments tied to project milestones and completion[41]. - The company has established a flexible production model that integrates automation and information management, allowing for rapid product structure switching to meet diverse customer demands[45]. - The company has invested in advanced automation systems, including DCS and pneumatic pulse blending systems, enhancing production efficiency and quality control[46]. - The company serves a wide range of industries, including power equipment and engineering machinery, with major clients such as Qianjiang Electric and XCMG Group, reflecting its growing customer base[50]. - The company has developed specialized products, such as HZ-1 and HZ-2 lubricants, addressing specific industry challenges and customer requirements[52]. - The company has a complete environmental service chain through its subsidiary, Zhongsheng Environment, with 38 authorized patents in water treatment technology[56]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with specific emissions data reported[89]. - The total wastewater discharge was reported at 7,428 tons per annum, with various pollutants monitored and reported within regulatory standards[89]. - The company has established a wastewater treatment facility with a daily capacity of 140 tons, utilizing a biochemical treatment process for wastewater management[90]. - The company operates three sets of activated carbon adsorption devices for organic waste gas treatment, ensuring no exceedance of emission standards[91]. - The company has not produced any process wastewater during production, and all wastewater is treated and recycled[91]. - The company has implemented a comprehensive environmental emergency response plan to address potential risks such as fire, chemical leaks, and treatment facility failures[95]. - The company emphasizes safety production management with a series of established safety protocols and training programs for employees[95]. - The company has achieved compliance with national and local industrial policies for its new and expanded projects, ensuring they do not fall under high consumption or high pollution categories[91]. - The company has successfully passed environmental protection acceptance for several projects, including a high-quality lubricating oil project and a research center construction project[94]. - The company has a solid waste disposal strategy, entrusting qualified companies for the treatment of solid waste generated during production[91]. - The company has not experienced any environmental complaints, violations, or accidents in the first half of 2022[100]. Shareholder and Governance - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The company held three temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of 37.68%, 38.81%, 39.04%, and 39.08% respectively[82]. - There were significant changes in the board of directors and management, with multiple resignations and elections occurring between January and April 2022[84]. - The company has no current employee stock ownership plans or other incentive measures in place[86]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[182]. - The company has committed to maintaining the legitimate rights and interests of shareholders and will not engage in unfair practices[106]. - The company has pledged to adhere to the regulations set forth by the China Securities Regulatory Commission and Shenzhen Stock Exchange regarding performance commitments[106]. - The total number of ordinary shareholders at the end of the reporting period was 10,008[132]. - The largest shareholder, Suzhou Wuzhong Rongyue Investment Management Co., Ltd., held 22.35% of the shares, totaling 27,883,590 shares[132]. Future Outlook and Strategy - The company plans to enhance quality and efficiency, deepen precise management, and strengthen marketing efforts to improve market competitiveness[77]. - The company is committed to complying with environmental regulations and adapting to policy changes in the industry to mitigate risks[79]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[165]. - The company aims to improve its operational efficiency through technological advancements and innovation in its product offerings[169]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its service offerings[169]. - The company has committed to achieving a net profit of no less than 90 million yuan, 100 million yuan, and 110 million yuan for the years 2020, 2021, and 2022 respectively, with a cumulative net profit target of at least 300 million yuan during the performance commitment period[105].

Financial Performance - The company's operating revenue for Q1 2022 was ¥159,673,795.06, a decrease of 19.92% compared to ¥199,400,977.91 in the same period last year[3] - The net profit attributable to shareholders was ¥1,109,589.85, down 93.24% from ¥16,406,087.15 year-on-year[3] - The net cash flow from operating activities was ¥14,426,124.30, reflecting a decline of 82.27% compared to ¥81,364,377.40 in the previous year[3] - The weighted average return on equity was 0.20%, down from 3.29% in the same period last year, indicating a significant decline in profitability[3] - The company reported a 77.39% decrease in operating profit, which was ¥6,432,536.10 compared to ¥28,451,060.10 in the previous year, primarily due to delays in project acceptance and logistics issues caused by the COVID-19 pandemic[6] - The company reported a significant decrease in other income, which was ¥183,606.30, down 85.89% from ¥1,301,303.88 in the previous year due to reduced government subsidies[6] - The company reported a significant decrease in accounts payable, which fell to CNY 220,726,923.45 from CNY 283,800,068.90, a reduction of approximately 22.2%[14] - Total operating revenue for the current period is ¥159,673,795.06, a decrease from ¥199,400,977.91 in the previous period, representing a decline of approximately 20%[16] - Net profit for the current period is ¥4,646,440.20, significantly lower than ¥22,756,365.13 in the previous period, reflecting a decrease of approximately 79%[18] - Basic and diluted earnings per share for the current period are both ¥0.01, down from ¥0.13 in the previous period, a reduction of about 92%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,562,762,316.53, a decrease of 4.86% from ¥1,642,658,712.93 at the end of the previous year[3] - The company's current assets totaled CNY 1,043,530,246.63, down from CNY 1,126,273,929.41 at the beginning of the year, indicating a decline of approximately 7.35%[13] - Total liabilities decreased to CNY 909,745,594.56 from CNY 994,288,431.16, a decline of approximately 8.5%[14] - The company's equity increased slightly to CNY 653,016,721.97 from CNY 648,370,281.77, showing a growth of about 0.25%[15] - Short-term borrowings remained stable at CNY 120,107,847.21, unchanged from the previous period[14] Cash Flow - The company’s cash flow from financing activities was negative at -¥2,516,409.71, a decline of 120.04% compared to the previous year, attributed to a reduction in short-term borrowings[7] - Cash flow from operating activities for the current period is ¥14,426,124.30, down from ¥81,364,377.40 in the previous period, a decline of about 82%[21] - Cash and cash equivalents at the end of the period amount to ¥194,949,315.17, compared to ¥339,713,133.05 at the end of the previous period, a decrease of approximately 43%[22] - The company’s investment activities resulted in a net cash outflow of ¥2,953,195.03, compared to a net outflow of ¥5,065,548.49 in the previous period[21] - The company’s financing activities generated a net cash outflow of ¥2,516,409.71, compared to a net inflow of ¥12,555,807.66 in the previous period[21] Operational Changes - The company experienced a 51.45% reduction in selling expenses, amounting to ¥2,332,538.51, as freight costs were reclassified to operating costs[6] - The company has not disclosed any new product developments or market expansion strategies in the current report[11] - The company reported a significant increase in credit impairment losses, amounting to ¥5,064,072.92 compared to ¥6,623,570.23 in the previous period[17] - The company has incurred a total of ¥35,756,294.20 in employee compensation payments, which is an increase from ¥32,935,896.29 in the previous period[21] Future Outlook and Strategies - Future outlook indicates a projected revenue growth of 10% for the next quarter, driven by new product launches[24] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing environmental sustainability[24] - Market expansion plans include entering two new provinces, expected to contribute an additional 100 million RMB in revenue[24] - The company is exploring potential acquisitions to strengthen its market position, with a budget of 200 million RMB allocated for this purpose[24] - New strategies include a focus on digital marketing, which is anticipated to increase customer engagement by 30%[24] - The company plans to launch a new product line in Q3 2022, targeting a market share increase of 5%[24] - Overall, Jiangsu Zhongsheng High-tech Environment Co., Ltd. remains committed to maintaining a strong financial position while pursuing growth opportunities[24]

Financial Performance - The company's operating revenue for 2021 was CNY 1,031,666,930, representing a 5.17% increase compared to CNY 980,924,298 in 2020[21] - The net profit attributable to shareholders of the listed company was CNY 85,418,009.76, an increase of 14.67% from CNY 74,491,297.82 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 82,026,925.17, showing a significant increase of 108.28% compared to CNY 39,383,579.71 in 2020[21] - The net cash flow from operating activities was CNY 90,489,319.40, up 45.92% from CNY 62,012,240.91 in the previous year[21] - Basic earnings per share increased to CNY 0.68, a rise of 13.33% from CNY 0.60 in 2020[21] - The company's total assets at the end of 2021 were approximately ¥1.64 billion, an increase of 3.90% compared to the end of 2020[22] - The net assets attributable to shareholders at the end of 2021 were approximately ¥566.59 million, reflecting a growth of 15.61% year-over-year[22] - The company's operating income for Q4 2021 was approximately ¥361.92 million, with a net profit attributable to shareholders of about ¥22.57 million[25] - The net profit attributable to shareholders for Q1 2021 was approximately ¥16.41 million, showing a positive start to the year[25] - The company achieved a revenue of ¥1,031,666,930 in 2021, representing a growth of 5.17% compared to the previous year[70] - The net profit attributable to shareholders was ¥85,418,009.76, reflecting a year-on-year increase of 14.67%[70] Business Operations - The company is focused on the research, production, and sales of various lubricating oil products, aligning with national environmental policies[6] - The company operates dual main businesses: lubricating oil and environmental services through its subsidiary, Zhongsheng Environment, which focuses on ecological restoration and wastewater treatment[35] - The company primarily engages in the research, production, and sales of various lubricating oil products, including transformer oil, hydraulic oil, internal combustion engine oil, gear oil, metalworking oil, and special solvents, with over 200 specifications across 13 categories[34] - The company has initiated a special product R&D team, successfully launching new products such as pipe lubricants and rust emulsifying oils during the year[33] - The company plans to continue its dual business model focusing on lubricants and environmental protection, responding to increased competition and market changes[32] - The company has established a flexible production model that integrates automation and information management, enhancing production efficiency and responsiveness to market demands[54] - The company has developed a fully automated production process, utilizing advanced systems like DCS and MES to optimize production management and quality control[55][56] Market and Competition - The lubricants market is expected to face slower growth due to increased competition and changing consumer preferences towards high-performance products[30] - The company is actively adjusting its marketing strategies in response to market trends and raw material prices to maintain competitiveness[33] - The company faces significant competition in the lubricant industry, with many domestic and international players, which may impact its market share and profitability if it fails to enhance its competitiveness[121] - The company has identified a risk related to the volatility of raw material prices, particularly base oil, which constitutes over 80% of its production costs, potentially affecting its operating performance[126] Environmental Initiatives - The company is involved in environmental protection and water resource sustainability, with operations in wastewater treatment and environmental engineering[6] - The environmental subsidiary processed nearly 90 million tons of water in 2021, showcasing its operational capacity in water treatment[69] - The company has established a wastewater treatment facility with a daily capacity of 140 tons, which includes biochemical treatment processes[186] - The company has implemented a comprehensive pollution prevention and control system, ensuring no process wastewater is generated during production[186] - The company’s wastewater discharge meets the national standards, with no instances of exceeding discharge limits reported[186] - The company emphasizes employee safety training, conducting quarterly safety education and annual fire drills[199] Research and Development - Research and development expenses for 2021 were ¥26,827,365.18, a slight increase of 0.13% from ¥26,792,909.21 in 2020[87] - The number of R&D personnel increased by 8.64% to 88 in 2021, representing 12.17% of the total workforce[86] - The company plans to enhance its R&D capabilities by focusing on independent innovation and collaboration with larger enterprises[105] - The company has established partnerships with three major universities for collaborative research projects in environmental technology[143] Financial Management - The company has a stable management team and a strong talent pool, with 4 senior engineers and 55 mid-level professionals, supporting its operational efficiency[65] - The company has a comprehensive salary management system to provide competitive compensation, which includes basic salary and performance-based pay[168] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 5.36 million CNY[156] - The company has established a performance evaluation system linking senior management's performance directly to their income[154] Shareholder Engagement - The company held 2 shareholder meetings, 7 board meetings, and 7 supervisory board meetings during the reporting period, ensuring compliance with legal regulations[131] - The company reported a 42.73% participation rate in the annual shareholder meeting held on May 13, 2021[136] - The board of directors has approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[143] - The company has a cash dividend policy that mandates a minimum of 20% of the distributable profit to be allocated for cash dividends during profit distribution[170] Risk Management - The company faces potential policy risks due to the uncertainty in national and local environmental regulations[6] - The company is subject to environmental policy risks that could impact its rapid development in the chemical sector, as compliance with increasingly stringent regulations is required[127] - The company emphasizes the importance of strengthening its internal control systems to mitigate management risks associated with its dual business operations[122] Employee Management - The total number of employees at the end of the reporting period was 725, with 170 in the parent company and 555 in major subsidiaries[166] - The employee composition includes 488 production personnel, 39 sales personnel, 149 technical personnel, 18 financial personnel, and 31 administrative personnel[166] - The company has a detailed employee training plan aimed at enhancing skills across various operational areas[169] - The total number of employees with a bachelor's degree or higher is 203, representing a significant portion of the workforce[167]

江苏中晟高科环境股份有限公司 2021 年第三季度报告 证券代码：002778 证券简称：中晟高科 公告编号：2021-047 江苏中晟高科环境股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | 同期增减 | | | 营业收入（元） | 204,950,693.33 | -20.03% | 669,750,882.85 | 5 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥464,800,189.52, representing a 22.88% increase compared to ¥378,257,756.51 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached ¥45,304,962.98, a significant increase of 200.90% from ¥15,056,402.66 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥43,592,290.03, up 304.51% from ¥10,776,522.82 year-on-year[21]. - The net cash flow from operating activities was ¥55,231,809.85, a turnaround from a negative cash flow of -¥29,690,316.94 in the same period last year, marking a 286.03% improvement[21]. - Basic earnings per share increased to ¥0.36, up 200.00% from ¥0.12 in the previous year[21]. - The company's operating costs increased by 10.27% to ¥357,611,684.70 from ¥324,296,916.57 year-on-year[62]. - The company reported a revenue of ¥464,800,189.52 for the current period, representing a 22.88% increase compared to ¥378,257,756.51 in the same period last year[62]. - The company achieved a significant improvement in cash flow from operating activities, with a net cash flow of ¥55,231,809.85, a 286.03% increase from a negative cash flow of ¥29,690,316.94 in the previous year[62]. - The company reported a total comprehensive income of ¥45,304,962.90 for the current period, compared to the previous period's figures, indicating a positive performance[176]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,471,667,540.14, a decrease of 6.91% from ¥1,580,956,442.07 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 7.43% to ¥526,480,573.21 from ¥490,086,560.23 at the end of the previous year[21]. - The company's total liabilities decreased to ¥830,522,557.92 from ¥968,260,590.41, a reduction of about 14.2%[154]. - The company's equity attributable to shareholders increased to ¥526,480,573.21 from ¥490,086,560.23, reflecting an increase of approximately 7.4%[155]. - The company's current assets totaled CNY 955,523,595.12, down from CNY 1,057,193,831.12 at the end of 2020, reflecting a decrease of approximately 9.6%[152][153]. - The cash and cash equivalents decreased to CNY 167,680,537.60 from CNY 258,568,040.92, representing a decline of about 35.1%[152]. Market and Industry Insights - The company operates in the lubricant oil sector, producing over 200 specifications across 13 categories, including transformer oil, hydraulic oil, and engine oil, serving various industries such as power, machinery, and transportation[29]. - The macroeconomic environment in China has led to a sustained high demand for lubricants, although competition is intensifying due to new investments in base oil production facilities[29]. - The lubricant oil market is expected to experience a gradual slowdown in growth, with increasing competition and a shift towards high-quality, specialized synthetic lubricants[30]. - The lubricant oil industry is closely tied to the overall economic performance, with demand fluctuations influenced by the health of downstream sectors like automotive and machinery[31]. - The company is facing intensified market competition in the lubricant oil industry due to the entry of multinational companies and domestic players, exacerbated by the pandemic[79]. Research and Development - The company has developed 14 authorized invention patents and has applied for 15 invention patents and 8 utility model patents, enhancing its technological support[51]. - The company is focusing on research and development of new technologies to drive growth and market expansion[178]. - New product developments include specialized oils for wind turbine gearboxes and battery manufacturing processes, addressing previously imported product dependencies[33]. - Research and development expenses for the first half of 2021 were ¥16.71 million, up 84.3% from ¥9.06 million in the first half of 2020[160]. Environmental and Regulatory Compliance - The company is closely aligned with national environmental protection policies, which may impact its rapid development due to regulatory uncertainties[6]. - The company has established a wastewater treatment facility with a daily capacity of 140 tons, ensuring compliance with environmental standards[91]. - The company has not exceeded emission limits, with all wastewater and waste gas treatment facilities operating normally[92]. - The company has implemented a comprehensive environmental emergency response plan to address potential risks such as fire, chemical leaks, and treatment facility failures[94]. - The company has achieved a non-compliance rate of 0% in emissions since its establishment, reflecting its commitment to environmental protection[92]. Shareholder and Governance Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[7]. - The actual controller of the company is the Suzhou Wuzhong District People's Government, holding 29.415% of the total shares[114]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, with key departments such as production, sales, finance, R&D[190]. - The company has maintained a clean integrity status with no administrative penalties from the China Securities Regulatory Commission in the last three years[114]. - The company has established a complete internal control system, but will continue to improve it to mitigate management risks as the business expands[80]. Strategic Initiatives - The company has implemented strategies to address market challenges, including reducing sales of low-margin products and focusing on customized R&D to meet specific customer needs[33]. - The company aims to leverage its market advantages in environmental services to support future growth and diversification[33]. - The company plans to enhance sales channels and customer development efforts, leveraging its 20 years of production experience to develop high-quality lubricant products[80]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[186].

Financial Performance - The company's revenue for Q1 2021 was ¥199,400,977.91, representing a 64.75% increase compared to ¥121,034,021.35 in the same period last year[9]. - Net profit attributable to shareholders reached ¥16,406,087.15, a significant turnaround from a loss of ¥5,104,772.39, marking a 421.39% increase[9]. - The net profit after deducting non-recurring gains and losses was ¥15,088,665.32, up 279.73% from a loss of ¥8,395,352.25 in the previous year[9]. - Basic earnings per share improved to ¥0.184 from a loss of ¥0.06, reflecting a 406.67% increase[9]. - The company reported a total profit of ¥28,444,669.10 for the quarter, a significant recovery from a loss of ¥5,358,436.01 in the previous year[44]. - The company's gross profit margin improved, with gross profit for the period calculated at ¥19,707,694.38, compared to a gross loss in the previous year[44]. - The net profit attributable to shareholders for the first half of 2021 is expected to be between 40 million and 65 million yuan, representing a year-on-year increase of approximately 165.67%[23]. - The basic earnings per share for the same period is projected to be between 0.45 and 0.58 yuan, indicating a growth of 165.67% compared to the previous year[23]. Cash Flow - The net cash flow from operating activities was ¥81,364,377.40, a 462.33% increase from a negative cash flow of ¥22,456,129.99[9]. - Cash inflow from operating activities totaled CNY 365,262,589.48, compared to CNY 160,325,813.47 in the prior period, representing an increase of approximately 128%[52]. - Cash outflow from operating activities was CNY 283,898,212.08, up from CNY 182,781,943.46, indicating a rise of about 55%[52]. - Cash flow from investing activities resulted in a net outflow of CNY -5,065,548.49, compared to CNY -10,768,315.27 in the previous year, showing an improvement[52]. - Cash flow from financing activities generated a net inflow of CNY 12,555,807.66, compared to a net outflow of CNY -801,258.00 in the same period last year[53]. - The ending balance of cash and cash equivalents was CNY 339,713,133.05, an increase from CNY 43,251,324.42 at the end of the previous year[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,560,769,650.36, a slight decrease of 1.28% from ¥1,580,956,442.07 at the end of the previous year[9]. - Total liabilities decreased to CNY 925,317,433.57 from CNY 968,260,590.41, a reduction of about 4.4%[36]. - The company's equity increased to CNY 635,452,216.79 from CNY 612,695,851.66, reflecting a growth of approximately 3.1%[37]. - Total liabilities rose to ¥744,968,938.10, compared to ¥720,675,338.07 in the previous period, reflecting increased borrowing or operational financing[43]. - Total liabilities decreased by 100.00% in notes payable, reflecting a reduction in bank acceptance bills[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,380[12]. - The company has committed to fulfilling its obligations to shareholders and maintaining their legal rights[20]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[27]. Research and Development - Research and development expenses rose by 44.40% to ¥6,147,732.04, reflecting the impact of the acquisition[16]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[35]. - The company is focusing on market expansion and product development, as indicated by the increase in R&D spending and operational revenue growth[43]. Acquisitions and Investments - The acquisition of a controlling subsidiary, Zhongsheng Environment, has contributed to a significant increase in consolidated profits due to stable performance since April 1, 2020[23]. - The company received government subsidies amounting to ¥1,301,303.88 during the reporting period[10]. - The company has invested 12 million yuan in bank wealth management products, with no overdue amounts reported[26]. - Investment income of ¥916,360.72 was recorded, primarily resulting from the acquisition of Zhongsheng Environment[16]. Operational Highlights - Operating revenue grew by 64.75% to ¥199,400,977.91, primarily due to the consolidation of Zhongsheng Environment[16]. - Operating costs increased by 33.02% to ¥152,938,443.30, also driven by the acquisition of Zhongsheng Environment[16]. - The company experienced a significant increase in lubricating oil business due to the recovery of base oil prices and the impact of the COVID-19 pandemic being reduced[24]. - The total amount of a major contract with Suzhou Zhongsheng Environmental Restoration Co., Ltd. is approximately 111.75 million yuan, with progress currently in the equipment procurement phase[25].

Financial Performance - The company's operating revenue for 2020 was CNY 980,924,298.09, representing a 36.55% increase compared to CNY 718,364,511.33 in 2019[22]. - The net profit attributable to shareholders in 2020 was CNY 74,491,297.82, a significant increase of 360.59% from CNY 16,173,182.91 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 39,383,579.71, up 208.57% from CNY 12,763,058.80 in 2019[22]. - The basic earnings per share for 2020 was CNY 0.84, which is a 366.67% increase compared to CNY 0.18 in 2019[22]. - The weighted average return on net assets was 14.59%, an increase of 12.05% from 2.54% in 2019[22]. - The net cash flow from operating activities was CNY 62,012,240.91, a decrease of 21.13% from CNY 78,622,949.02 in 2019[22]. - Total assets increased to ¥1,580,956,442.07, a growth of 95.91% compared to the previous year[23]. - Net assets attributable to shareholders decreased by 23.76% to ¥490,086,560.23[23]. - The company reported a net profit attributable to shareholders of ¥34,000,211.40 in Q4, showing a significant recovery from previous quarters[26]. - The operating cash flow turned positive in Q4 with a net cash flow of ¥64,941,287.53, indicating improved operational efficiency[26]. Business Operations - The company is focused on the research, production, and sales of various lubricating oil products, adhering to environmental protection standards[7]. - The company is engaged in the production and sale of over 200 types of lubricating oil products, serving various industries including power, machinery, and transportation[32]. - The company has developed long-life vehicle gear oil products to meet modern energy-saving requirements and extend equipment lifespan[36]. - The company produces over 200 specifications of lubricating oil products, including transformer oil, hydraulic oil, and engine oil, serving various industries such as power, machinery, and transportation[37]. - The company has established a flexible production model that allows for rapid product structure switching to meet diverse customer demands[50]. - The production model is "sales-driven production," allowing for quick adjustments to production plans based on market demand[40]. - The sales strategy combines direct sales to end-users and sales through distributors, including major companies like Sinopec and PetroChina[40]. Market and Competition - The lubricating oil market in China is expected to experience slower growth due to increased competition and new production capacities coming online[32]. - The demand for automotive lubricants is projected to remain stable, with an increasing share of total lubricating oil consumption[35]. - The competitive landscape in the lubricant industry is intensifying, with numerous domestic and international players vying for market share[139]. Research and Development - R&D investment increased by 22.67% to 26.79 million yuan, with 13 research projects initiated and 19 new products developed in 2020[75]. - The company has developed 14 authorized invention patents and applied for 15 additional patents, showcasing its commitment to innovation[58]. - The company plans to enhance its R&D capabilities by focusing on independent innovation and collaborating with large enterprises to develop personalized products[126]. - The company intends to develop new projects and high-quality lubricants by utilizing various research platforms and its extensive production experience[133]. Environmental and Regulatory Compliance - The company has faced policy risks related to environmental protection and sustainable water resource utilization, which may impact its rapid development[7]. - The company has a strong commitment to environmental protection, ensuring compliance with national and local policies regarding industrial projects[198]. - The company has not exceeded any emission standards and has maintained normal operation of all pollution control facilities[198]. - The company has established a management system for safety production, including regular training and safety checks for employees[192]. - The company reported a total wastewater discharge of 3,403 tons per year, with a maximum allowable discharge of 7,428 tons per year, indicating compliance with environmental standards[195]. Acquisitions and Mergers - The company underwent a change in controlling shareholder in December 2020, with the new controlling entity being Suzhou Wu Zhong Financial Holding Group Co., Ltd.[20]. - The company successfully acquired Zhongsheng Environment in 2020 and will continue to seek quality resources for market integration[128]. - The company completed the acquisition of 70% equity in Suzhou Zhongsheng Environmental Restoration Co., Ltd., impacting its financials significantly[49]. - The acquisition of 70% equity in Zhongzheng Environment was completed, with a transfer price of 63,091,000 yuan, and the net profit for 2020 was 11,294.22 million yuan, fulfilling the performance commitment[179]. Financial Management and Dividend Policy - The company plans to distribute a cash dividend of CNY 1 per 10 shares and issue 4 bonus shares for every 10 shares held[8]. - The cash dividend for 2020 represents 11.96% of the company's net profit available for distribution, which is 74,491,297.82 yuan[150]. - The company has a commitment to ensure that cash dividends in profit distribution should reach at least 20% during its growth phase[151]. - The company has maintained a consistent dividend policy over the past three years, with clear standards and procedures for distribution[148]. Risk Management - The company faces risks related to slow accounts receivable recovery, which could adversely affect operational performance[140]. - The main raw materials, base oil, account for over 90% of production costs, making the company vulnerable to fluctuations in international crude oil prices[141]. - The company has established a complete internal control system, but risks remain if the system does not evolve with the company's growth[139]. Corporate Social Responsibility - The company actively fulfills its corporate social responsibility and has not had any environmental complaints or violations in 2020[191]. - The company provided 50,000 yuan in support for impoverished students as part of its social welfare activities in 2020[191]. - The company invested over 5 million RMB in safety production in 2020, covering training, fire safety facilities, equipment maintenance, and an information platform[192].