证券代码：002973 证券简称：侨银环保 侨银环保科技股份有限公司 投资者关系活动记录表 编号：2020-016 | --- | --- | --- | |--------------|--------------------------|----------------------------------------------------| | | | | | | R | 特定对象调研 £分析师会议 | | 投资者关系活 | □ 媒体采访 £业绩说明会 | | | | □新闻发布会 □路演活动 | | | 动类别 | £ 现场参观 | | | | □ 其他 | | | 参与单位名称 | | 国金证券、工银瑞信基金、兴全基金、万家基金、睿郡投 | | 及人员姓名 | 资、尚雅投资、平安银行等 | | | 时间 | 2020 年 12 月 09 | 日 15:30 开始 | | 地点 | 公司会议室 | | | 上市公司接待 | | | | 人员姓名 | | 财务总监：陈立叶；董事会秘书：陈春霞 | 1 | --- | --- | |-----------------|------------------- ...

编号：2020-017 证券代码：002973 证券简称：侨银环保 侨银环保科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------------|--------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | £ 特定对象调研 | £ 分析师会议 | | 投资者关系活 | □ | 媒体采访 £业绩说明会 | | 动类别 | R | 新闻发布会 □路演活动 | | | £ 现场参观 £其他 | | | | 机构投资者 ...

编号：2021-004 证券代码：002973 证券简称：侨银股份 侨银股份科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |--------------------------------|--------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------| | | | | | | | 特定对象调研 | 分析师会议 | | | | □媒体采访 | 业绩说明会 | | | 投资者 ...

Company Overview - Qiaoyin Co., established in 2001, is the first A-share listed urban public utility service enterprise in China, focusing on integrated urban management and environmental solutions, covering over 80 cities across 26 provinces [4]. Financial Performance - In H1 2022, Qiaoyin Co. achieved revenue of CNY 1.914 billion, a year-on-year increase of 22.87% [5]. - The net profit attributable to shareholders was CNY 156 million, up 3.88% year-on-year [5]. - The comprehensive gross profit margin stood at 24.78%, reflecting a 0.59% increase from the previous year [9]. - Cash received from sales and services reached CNY 1.716 billion, a 34.51% increase year-on-year, with a cash collection ratio of 90% [8]. Cost Management - The company's expense ratio for H1 2022 was 14.22%, down 0.47% from the previous year, with both management and sales expense ratios decreasing by 0.37% and 0.70%, respectively [10]. - Cost control measures included enhanced budget management and a focus on reducing travel and business entertainment expenses [10]. Order Expansion - In H1 2022, Qiaoyin Co. secured new contracts totaling CNY 5.06 billion, with an annualized amount of CNY 620 million, maintaining a leading position in the industry [6]. - The company signed 32 new sanitation service projects, including 9 projects worth over CNY 100 million and 2 projects exceeding CNY 1 billion [6]. - As of August 25, 2022, the total amount of orders on hand was approximately CNY 55 billion, with an annualized amount of CNY 5 billion [7]. Industry Trends - The sanitation industry saw a record high in project contract amounts, reaching CNY 109.6 billion in H1 2022, with a year-on-year growth of 8.60% [6]. - The number of "billion-level" projects (annualized amount over CNY 100 million) increased by 85% compared to the previous year, indicating a strong market trend towards the "Urban Steward" model [6]. Future Outlook - Qiaoyin Co. aims to leverage opportunities in urban governance and modernization, targeting a market with a potential value in the trillions, which is essential for public welfare [12].

Financial Performance - The company's operating revenue for Q3 2022 was ¥997,189,112.67, representing a 14.04% increase year-over-year, while the year-to-date revenue reached ¥2,911,524,641.38, up 19.69% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2022 was ¥56,182,181.42, a decrease of 30.23% year-over-year, with year-to-date net profit at ¥212,307,073.38, down 8.02%[6]. - The basic earnings per share for Q3 2022 was ¥0.14, reflecting a 30.00% decline compared to the same period last year, while diluted earnings per share also decreased by 26.32% to ¥0.14[6]. - Total operating revenue for the period reached CNY 2,911,524,641.38, an increase of 19.7% compared to CNY 2,432,496,508.84 in the previous period[19]. - Net profit for the period was CNY 226,967,046.28, a decrease of 14.2% from CNY 264,706,279.47 in the same period last year[20]. - Earnings per share (EPS) for the period was CNY 0.52, down from CNY 0.56 in the previous period[21]. - The total comprehensive income for the period was CNY 226,967,046.28, down from CNY 264,706,279.47 in the previous period, indicating a decline of 14.2%[21]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥6,476,171,823.64, an increase of 13.13% from the end of the previous year[6]. - Total current assets as of September 30, 2022, amount to RMB 2,998,574,122.62, an increase from RMB 2,572,130,241.26 at the beginning of the year[17]. - Total non-current assets amount to RMB 3,477,597,701.02, compared to RMB 3,152,409,697.41 at the beginning of the year[17]. - The total liabilities increased to CNY 4,362,441,962.11, up from CNY 3,794,121,279.33, indicating a growth of 15%[20]. - The total equity attributable to shareholders of the parent company rose to CNY 1,838,593,839.26, compared to CNY 1,667,120,954.76, marking an increase of 10.3%[20]. Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥116,560,092.77, down 48.23% compared to the previous year[6]. - Cash generated from operating activities was CNY 2,542,072,730.23, an increase from CNY 2,082,070,772.87 in the prior period[23]. - The net cash inflow from operating activities was CNY 116,560,092.77, a decrease of 48.2% compared to CNY 225,130,379.53 in the previous year[24]. - Cash inflow from financing activities totaled CNY 1,982,906,819.45, compared to CNY 1,140,293,758.94 in the previous year, marking a significant increase[24]. - The net cash flow from financing activities was CNY 289,715,785.47, up from CNY 133,721,264.26 year-over-year[24]. - The ending balance of cash and cash equivalents was CNY 435,231,141.00, compared to CNY 313,377,801.91 at the end of the previous year[25]. Expenses - Research and development expenses surged by 236.78% to ¥18,344,477.15, indicating increased investment in solid waste disposal and smart sanitation initiatives[9]. - The company experienced a 39.25% increase in income tax expenses, totaling ¥30,858,455.77, due to the expiration of certain tax exemption policies[10]. - The company reported a significant increase in tax expenses, which rose to CNY 30,858,455.77 from CNY 22,160,615.35, reflecting a growth of 39.5%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 15,621[12]. - The largest shareholder, Guo Beihua, holds 37.71% of shares, amounting to 154,116,379 shares, with 54,770,000 shares pledged[12]. Investments and Future Outlook - The company has ongoing investments in new technologies and products, although specific details were not disclosed in the report[13]. - Future outlook includes potential market expansion and strategic acquisitions, though specific targets were not mentioned[13]. Other Information - The company did not conduct an audit for the third quarter report[26].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,914,335,528.71, representing a 22.87% increase compared to CNY 1,558,075,563.65 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 156,124,891.96, a 3.88% increase from CNY 150,293,764.49 in the previous year[20]. - The net cash flow from operating activities decreased by 28.52% to CNY 145,837,203.08, down from CNY 204,036,873.87 in the same period last year[20]. - Total assets at the end of the reporting period were CNY 6,149,922,717.13, an increase of 7.43% from CNY 5,724,539,938.67 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 6.91% to CNY 1,782,384,060.92, compared to CNY 1,667,120,954.76 at the end of the previous year[20]. - Basic earnings per share rose by 2.70% to CNY 0.38, compared to CNY 0.37 in the same period last year[20]. - Diluted earnings per share increased by 8.57% to CNY 0.38, up from CNY 0.35 in the previous year[20]. - The weighted average return on net assets decreased by 1.01% to 8.95%, down from 9.96% in the previous year[20]. Revenue Breakdown - Revenue from environmental sanitation management was ¥1,908,533,240.34, accounting for 99.70% of total revenue, with a year-on-year growth of 22.88%[48]. - Revenue from urban and rural sanitation cleaning services was ¥1,851,613,314.34, which is 96.72% of total revenue, showing a growth of 22.28% year-on-year[48]. - Revenue from household waste disposal increased by 49.66% year-on-year, driven by an increase in project operations[48]. - Revenue from the North China region grew by 38.27% year-on-year, attributed to an increase in project operations[48]. Operational Developments - The company has expanded its "City Manager" business to 32 new projects across various provinces, including significant regions like Shanghai, enhancing its market presence[33]. - The company has implemented a new "Sanitation通" system to enhance digital management, improving operational efficiency and quality control through data-driven decision-making[34]. - The company has initiated a stock incentive plan to boost employee motivation and align their interests with the company's growth[35]. - The company operates over 300 projects across 80 cities in 26 provinces, establishing a nationwide service footprint and reinforcing its market position[41]. Investment and Funding - The company raised a total of RMB 234.71 million from the initial public offering of 40.89 million shares at a price of RMB 5.74 per share, with a net amount of RMB 188.71 million after expenses[59]. - The company issued 4.2 million convertible bonds with a total amount of RMB 420 million, achieving a net amount of RMB 411.10 million after expenses[60]. - The company committed to invest RMB 59.98 million in various projects, with a cumulative investment of RMB 37.38 million by the end of the reporting period, representing a progress rate of 62.23%[62]. Risk Management - The company has outlined potential risks and corresponding measures in the report, which investors should pay attention to[4]. - The company faces risks from industry policy changes and market competition, which could impact operational costs and market dynamics[70][71]. - The company emphasizes the importance of monitoring macro policies and exploring new technologies to enhance service capabilities and mitigate policy risks[70]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The company has not sold any major assets or equity during the reporting period, maintaining its asset base[66][67]. - The company has no significant issues or problems related to the use of raised funds during the reporting period[65]. Environmental and Social Responsibility - The company has implemented energy-saving measures, achieving over 79% usage of online meetings to reduce carbon emissions[84]. - The company has actively participated in nearly 60 rural environmental improvement projects across provinces such as Jiangxi, Guangdong, Hebei, and Hunan[88]. - The company has supported poverty alleviation by providing employment opportunities for veterans and disabled individuals, contributing to local infrastructure projects[87]. Shareholder Information - The total number of shareholders and their holdings were reported, with specific details on limited and unrestricted shares[130]. - The largest shareholder, Guo Beihua, holds 37.71% of shares, totaling 154,116,379 shares[132]. - The report indicates that there were no repurchase transactions conducted by the top 10 shareholders during the reporting period[133]. Future Outlook - The company plans to expand its market presence and invest in new technologies to enhance service delivery[115]. - Future guidance suggests a projected revenue growth of 10% year-over-year for the upcoming fiscal year[116]. - The company aims to enhance its service capabilities through technological advancements and innovation[116].

Financial Performance - The company's operating revenue for 2021 was CNY 3,331,733,032.52, representing a 17.77% increase compared to CNY 2,829,108,743.25 in 2020[16]. - The net profit attributable to shareholders decreased by 32.08% to CNY 255,152,969.45 from CNY 375,672,082.83 in the previous year[16]. - The net cash flow from operating activities fell by 61.01% to CNY 119,095,228.02, down from CNY 305,474,021.77 in 2020[16]. - Basic earnings per share decreased by 32.61% to CNY 0.62 from CNY 0.92 in 2020[16]. - The weighted average return on equity dropped to 16.30%, down from 30.43% in the previous year, reflecting a decline of 14.13%[16]. - The company achieved a government subsidy of CNY 4,106,209.56 in 2021, down from CNY 14,183,371.92 in 2020[22]. - The total distributable profit at the end of 2021 was CNY 427,868,306.02, with a cash dividend distribution plan of CNY 40,866,332.40, representing 16.02% of the net profit attributable to shareholders[147]. - The cash dividend per 10 shares is set at CNY 1.00 (including tax), with a total of 408,663,324 shares as the basis for distribution[146]. Revenue Breakdown - The environmental sanitation management segment accounted for CNY 3,320,111,453.21, or 99.65% of total revenue, with a year-on-year growth of 19.42%[43]. - The revenue from urban and rural sanitation cleaning services was CNY 3,233,104,251.05, which is 97.04% of total revenue, reflecting an 18.69% increase compared to the previous year[43]. - The South China region generated CNY 1,471,344,736.68 in revenue, accounting for 44.16% of total revenue, with a growth of 3.71%[43]. - The Southwest region saw a significant revenue increase of 57.06%, reaching CNY 550,100,309.62[43]. - The life waste disposal segment experienced a substantial growth of 58.43%, with revenue reaching CNY 83,710,354.50[43]. Market Expansion and Strategy - The company is actively exploring market expansion opportunities in urban management services[10]. - The company is positioned as a leading player in the environmental sanitation management industry, with a comprehensive service system covering over 80 cities[28]. - The company expanded its project coverage to over 80 cities across 26 provinces, laying a solid foundation for future performance growth[32]. - The company launched nearly 60 rural sanitation projects in 2021, responding to the national "rural revitalization" strategy[32]. - The company aims to strengthen its market expansion and service capabilities through the establishment of new subsidiaries, contributing to sustained profitability[79]. - The company plans to implement six strategic initiatives, including low-carbon waste management and rural revitalization, to form a leading urban public living environment management service system[82]. Research and Development - Research and development expenses increased by 267.79% to ¥11,522,881.78, primarily due to increased spending on solid waste treatment and smart sanitation projects[55]. - The number of R&D personnel rose to 88, a significant increase of 450.00% compared to the previous year[57]. - R&D investment accounted for 0.35% of operating revenue, up from 0.11% in the previous year[57]. - The company completed three patents for the smart sanitation information system and three patents for solid waste treatment methods[56]. - The company plans to enhance its organic waste processing technology, which is expected to improve efficiency and increase resource recovery rates[57]. Corporate Governance - The company held three shareholder meetings in 2021, all conducted in accordance with legal procedures, ensuring the protection of shareholder rights[96]. - The board of directors consists of seven members, including three independent directors, meeting legal requirements for governance structure[97]. - The supervisory board held ten meetings throughout the year, all conducted according to regulations, ensuring effective oversight of financial matters[98]. - The company has established a robust anti-corruption management system, including measures against commercial bribery and a reporting mechanism[101]. - The independent directors actively participate in decision-making processes, contributing to the governance and protection of minority shareholder interests[99]. Environmental Responsibility - The company has implemented measures to reduce carbon emissions through energy-saving and material-saving initiatives, contributing to ecological construction[158]. - The company promotes a green office environment, with over 79% of employees using online meetings and advocating for paperless operations[159]. - The company has initiated tree planting activities, planning to establish a "Qiaoyin Carbon Neutral Base" funded by its charity foundation starting from 2021[159]. - The company has adopted a waste classification model to enhance environmental responsibility, linking performance to compliance with waste disposal guidelines[160]. - The company has established a comprehensive environmental management system, ensuring compliance with various environmental protection laws and regulations[158]. Financial Management - The net cash flow from financing activities decreased by 44.08% year-on-year, primarily due to the issuance of 420 million yuan in convertible bonds in the previous period[59]. - The total amount of raised funds was approximately 5.99805 billion yuan, with 1.457278 million yuan utilized in the current period[69]. - The company has committed to invest RMB 59.98 million in various projects, with a cumulative investment of RMB 14.57 million, representing 24.27% of the total commitment[73]. - The company has a stable profit distribution policy, emphasizing reasonable returns to investors while ensuring sustainable development[145]. - The internal control system has been continuously improved, focusing on operational quality and compliance with management regulations[150]. Social Responsibility - The company has provided employment opportunities for nearly 200 veterans and 420 disabled individuals in poverty-stricken areas through infrastructure projects, addressing local employment issues[163]. - A total of 350,000 RMB was donated by the company to support poverty alleviation efforts in the Dong Village of Lianzhou City[163]. - The company has invested over 6 billion RMB in rural revitalization projects, primarily distributed across Jiangxi, Guangdong, Hebei, and Hunan provinces[165]. - The company is actively involved in nearly 60 national rural environment improvement projects, contributing to the establishment of model villages for rural governance[165]. - The company has launched the "Precision Cultivation Plan" to enhance rural living conditions and infrastructure, aligning with the five major goals of the rural revitalization strategy[164].

Financial Performance - The company's revenue for Q1 2022 was ¥932,281,127.39, representing a 22.06% increase compared to ¥763,814,740.03 in the same period last year[8] - Net profit attributable to shareholders decreased by 11.09% to ¥77,203,486.53 from ¥86,833,945.18 year-on-year[8] - Net profit for Q1 2022 was CNY 85,491,274.73, a decrease of 14.8% from CNY 100,366,165.59 in Q1 2021[25] - The net profit attributable to the parent company was CNY 77,203,486.53, down from CNY 86,833,945.18, indicating a decline in profitability[26] - Earnings per share for Q1 2022 were CNY 0.19, compared to CNY 0.21 in the previous year, showing a decrease in earnings per share[26] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥27,360,449.57, a 169.48% increase from a negative cash flow of ¥39,377,081.80 in the previous year[8] - The cash inflow from operating activities totaled CNY 893,224,547.70, an increase from CNY 597,040,085.23 in the previous year, representing a growth of approximately 49.6%[29] - The total cash outflow for operating activities was CNY 865,864,098.13, compared to CNY 636,417,167.03 in the previous year, reflecting an increase of approximately 36%[29] - The net cash flow from investing activities was CNY -132,752,700.15, an improvement from CNY -169,022,411.85 year-over-year[30] - The net cash flow from financing activities was CNY -90,779,628.12, contrasting with a positive cash flow of CNY 21,440,013.78 in the same quarter last year[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,767,780,720.33, a slight increase of 0.76% from ¥5,724,539,938.67 at the end of the previous year[8] - The company's total liabilities increased, with notes payable rising by 92.03% to ¥26,380,607.13, attributed to increased use of commercial acceptance bills for payments[11] - The company's total current liabilities decreased to CNY 2,335,923,973.91 from CNY 2,383,750,475.48, reflecting a reduction of approximately 2.0%[21] - The total equity attributable to shareholders of the parent company rose to CNY 1,744,326,948.10 from CNY 1,667,120,954.76, reflecting growth in shareholder value[25] Research and Development - The company's R&D expenses surged by 212.13% to ¥6,598,555.64, reflecting increased investment in solid waste treatment and smart sanitation[12] - Research and development expenses increased to CNY 6,598,555.64 from CNY 2,114,011.01, highlighting a focus on innovation and development[25] Tax and Fees - The company reported a significant increase in tax and additional fees, which rose by 751.00% to ¥3,426,578.89 due to the end of VAT-related preferential policies during the pandemic[12] - The company reported a significant increase in tax expenses, with income tax expenses rising to CNY 10,322,771.94 from CNY 9,887,758.16[25] - The company experienced a decrease in other income, which fell by 87.98% to ¥5,317,626.22, primarily due to the expiration of VAT-related preferential policies[12] Strategic Initiatives - The company signed an investment agreement with the Nanchang High-tech Industrial Development Zone to deepen strategic cooperation on the "Carbon Neutrality and Waste-Free City" project[17] - The company aims to enhance its market expansion and technological development in line with national carbon neutrality goals[17] - The stock option incentive plan proposed to grant 6 million stock options, with 5.47 million options allocated to 75 incentive targets[17] Inventory and Receivables - Accounts receivable stood at CNY 885,953,962.69, down from CNY 915,074,825.70, indicating a decrease of about 3.2%[19] - The inventory increased to CNY 47,019,761.82 from CNY 33,154,562.98, marking an increase of approximately 41.8%[19] Audit and Reporting - The company did not conduct an audit for the first quarter report[31]

侨银城市管理股份有限公司 2021 年第三季度报告 | 证券代码：002973 | 证券简称：侨银股份 | 公告编号：2021-133 | | --- | --- | --- | | 债券代码：128138 | 债券简称：侨银转债 | | 侨银城市管理股份有限公司 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 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,558,075,563.65, representing a 7.41% increase compared to CNY 1,450,623,016.06 in the same period last year[21]. - The net profit attributable to shareholders decreased by 19.37% to CNY 150,293,764.49 from CNY 186,407,829.66 year-on-year[21]. - The net cash flow from operating activities increased by 34.74% to CNY 204,036,873.87 compared to CNY 151,429,978.05 in the previous year[21]. - Total assets at the end of the reporting period reached CNY 5,091,888,025.30, a 13.85% increase from CNY 4,472,312,661.08 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 7.56% to CNY 1,556,179,463.41 from CNY 1,446,792,574.16 at the end of the previous year[21]. - Basic earnings per share decreased by 19.57% to CNY 0.37 from CNY 0.46 in the same period last year[21]. - The diluted earnings per share fell by 23.91% to CNY 0.35 compared to CNY 0.46 in the previous year[21]. - The weighted average return on equity decreased to 9.96% from 16.25% year-on-year, a decline of 6.29%[21]. Revenue Sources - The company's main business revenue from urban and rural sanitation cleaning amounted to ¥1,514,274,615.88, accounting for 97.19% of total operating income[32]. - Revenue from waste disposal services was ¥37,590,352.13, representing 2.41% of total operating income[33]. - The municipal sanitation engineering revenue was ¥183,327.38, which is only 0.01% of total operating income[34]. - Other sanitation service revenue reached ¥1,086,444.24, making up 0.07% of total operating income[35]. Operational Efficiency and Strategy - The company has maintained a strong operational performance despite challenges from macroeconomic downturns and intensified market competition[39]. - The company implemented a performance assessment system for all employees, aiming to optimize human resource structure and reduce labor costs[42]. - The company enhanced its operational efficiency through the introduction of smart equipment and big data cloud computing technology, improving project management and service efficiency[43]. - The mechanization rate of sanitation operations has significantly increased, with the company achieving nearly 100% mechanization for primary roads[44]. - The company has established a comprehensive urban management service system, focusing on integrated urban management and environmental improvement[48]. Market Position and Growth Potential - The company is positioned to benefit from the significant growth potential in the sanitation market due to increasing government support for environmental initiatives[38]. - The environmental sanitation management industry is currently in a rapid development phase, driven by government policies and market demand[36]. - The company has been recognized as one of the "Top Ten Influential Sanitation Enterprises" for four consecutive years by E20 Environmental Platform[39]. - The company aims to implement a "city management integration" strategy, focusing on scientific, refined, and intelligent urban management[39]. Financial Management and Investments - The cost of goods sold increased by 12.04% to ¥1,165,508,832.02, primarily due to the corresponding increase in operating revenue[55]. - Research and development expenses rose significantly by 138.10% to ¥3,999,357.00, driven by increased spending on smart sanitation technology[55]. - The company reported a 71.09% increase in selling expenses, amounting to ¥28,051,096.51, due to higher service fees related to project bidding[55]. - The gross profit margin for the environmental sanitation management segment was 25.02%, a decrease of 3.64% compared to the previous year[60]. Cash Flow and Financing - The company experienced a 60.23% decline in net cash flow from financing activities, totaling ¥122,736,101.13, primarily due to repayments of bank loans[56]. - Cash and cash equivalents at the end of the reporting period amounted to ¥620,788,163.94, representing 12.19% of total assets, a decrease of 2.86% compared to the previous year[63]. - The company’s total liabilities as of June 30, 2021, were RMB 3,258.36 million, reflecting an increase from the previous year[159]. - The company’s cash flow from operations is stable, allowing for the repayment of convertible bonds through internal growth[152]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[7]. - The company emphasizes the protection of shareholder and creditor rights, adhering to relevant laws and regulations to enhance corporate governance[84]. - The company held its first extraordinary general meeting of 2021 with an investor participation rate of 84.30% on February 3, 2021[77]. - The annual general meeting for 2020 had a participation rate of 76.36% on April 21, 2021[77]. Risk Management - The company is facing risks from industry policy changes, market competition, rising labor costs, and potential delays in accounts receivable collection, with strategies in place to mitigate these risks[71][72][73][74]. - The company has established a dedicated receivables management department to monitor and analyze accounts receivable, ensuring timely collections and reducing financial risks[74]. Community Engagement and Sustainability - The company aims to create sustainable employment opportunities to support rural revitalization and poverty alleviation efforts[90]. - The company is actively involved in educational initiatives, providing scholarships and support to impoverished students in Shaoyang City since 2014[94]. - The company has established a carbon resource management subsidiary to enhance waste classification and resource recovery, aiming for carbon neutrality[92]. Share Structure and Ownership - The total number of ordinary shareholders at the end of the reporting period is 16,420[135]. - The largest shareholder, Guo Beihua, holds 37.71% of the shares, totaling 154,116,379 shares[135]. - The company does not have any preferred shares or corporate bonds during the reporting period[142][146].