证券代码：300137 证券简称：先河环保 编号：2021—001 河北先河环保科技股份有限公司投资者关系活动记录表 | --- | --- | |----------------|--------------------------------------------------------| | | | | 投资者关系活动 | √特定对象调研□分析师会议 | | 类别 | □ 媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | | □ 现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 中信证券：李想 武云泽 | | 人员姓名 | 中信证券石家庄槐岭路营业部：霍立莹 | | 时间 | 2020 年 12 月 31 日上午 9:30 | | 地点 | 公司生态环境大数据应用中心 | | 上市公司接待人 | 董事会秘书 王少军，市场部部长 马江红， | | 员姓名 | 证券事务代表 孟利利 | | 投资者关系活动 | 1、邀请投资者参观了生态环境大数据应用中心，介绍公 | | 主要内容介绍 | 司智慧环境精准管理信息化平台功能及应用案例、公司生态大 | | | 脑 ...

证券代码：300137 证券简称：先河环保 河北先河环保科技股份有限公司投资者关系活动记录表 编号：2021—003 | --- | --- | --- | --- | |----------------|------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | 投资者关系活动 | √特定对象调研□分析师会议 | | | | 类别 | □媒体采访□业绩说明会 | | | | | □新闻发布会□路演活动 | | | | | □现场参观 | | | | | □其他（请文字说明其他活动内容） | | | | 参与单位名称及 | 海通证券 吴杰 | | | | 人员姓名 | | | | | 时间 | 2021 年 7 月 1 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥418.50 million, a decrease of 22.32% compared to ¥538.72 million in the same period last year[24]. - The net profit attributable to shareholders was approximately ¥20.98 million, down 63.91% from ¥58.14 million year-on-year[24]. - The net profit after deducting non-recurring gains and losses was approximately ¥12.61 million, a decline of 76.10% compared to ¥52.79 million in the previous year[24]. - The basic earnings per share decreased to ¥0.04, down 63.64% from ¥0.11 in the same period last year[24]. - The total revenue for the reporting period was CNY 418,498,629.98, a decrease of 22.32% compared to the same period last year[42]. - The company's total profit for the first half of 2022 was CNY 38.91 million, a decline of 52.5% from CNY 82.01 million in the same period of 2021[126]. - The total comprehensive income for the first half of 2022 was CNY 28.68 million, a decrease of 51.5% from CNY 59.10 million in the same period of 2021[127]. - The company reported a net profit margin decline due to reduced revenue and increased costs, reflecting challenges in the current market environment[125]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥2.45 billion, a decrease of 2.34% from ¥2.50 billion at the end of the previous year[24]. - The total assets of the company reached ¥2,446,321,798.73, with net assets attributable to shareholders amounting to ¥2,110,139,764.62[36]. - The company's total assets as of June 30, 2022, amounted to CNY 2,446,321,798.73, a decrease from CNY 2,504,814,296.04 at the beginning of the year[120]. - The total liabilities at the end of the reporting period were 421.3 million yuan, a decrease from 461.1 million yuan in the previous year, indicating improved financial stability[148]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥154.47 million, worsening by 21.47% compared to -¥127.16 million in the previous year[24]. - The company reported a net cash outflow from operating activities of CNY -154,467,188.22, a decline of 21.47% year-on-year[42]. - The company's cash and cash equivalents decreased by 15.43% to CNY -158,129,995.91[42]. - The company's cash and cash equivalents at the end of the period were CNY 635,254,706.80, compared to CNY 566,708,973.99 at the end of the first half of 2021[134]. Research and Development - Research and development investment increased by 7.66% to CNY 40,782,095.90, reflecting the company's commitment to innovation[42]. - The company has initiated research and development for new products aimed at improving environmental sustainability, with a focus on innovative technologies[141]. - New product development initiatives are underway, with an investment of 131 million allocated for R&D in the current period[143]. Market Strategy - The company plans to expand its market presence and invest in new technologies to enhance its competitive edge in the environmental protection sector[141]. - The company aims to achieve a revenue growth target of 10% for the next fiscal year, driven by new product launches and market expansion strategies[141]. - The overall revenue growth strategy includes potential mergers and acquisitions to strengthen the company's competitive position in the industry[148]. Shareholder Information - The total number of shares is 545,374,010, with 11.70% being restricted shares and 88.30% being unrestricted shares[100]. - Major shareholder Li Yuguo holds 11.55% of the shares, totaling 62,990,929, with a pledge of 20,000,000 shares[104]. - The company has implemented a share repurchase plan, although specific details were not disclosed in the report[101]. Risk Management - The management has highlighted various risk factors and corresponding measures in the report[3]. - The company faces management risks due to business expansion, requiring enhanced capabilities in investment decisions and resource integration[59]. - Increased market competition poses risks to the company's operating performance, prompting a focus on R&D and market investment[60]. Compliance and Governance - The financial statements comply with the requirements of the accounting standards and accurately reflect the company's financial position as of June 30, 2022[165]. - The company is committed to maintaining transparency and compliance with regulatory requirements as it navigates its growth strategy[158].

Revenue and Profitability - Revenue for Q1 2022 was CNY 173,646,851.80, a decrease of 9.12% compared to CNY 191,079,358.51 in the same period last year[3] - Net profit attributable to shareholders was CNY 5,568,525.54, down 48.96% from CNY 10,909,620.59 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY -1,446,025.24, a decline of 112.87% compared to CNY 11,232,459.46 in the previous year[3] - The net profit for Q1 2022 was CNY 6,880,005.60, a decrease of 36.5% compared to CNY 10,748,887.18 in Q1 2021[20] - The total comprehensive income for Q1 2022 was CNY 6,677,316.93, down from CNY 10,872,314.77 in the same period last year, representing a decline of 38.8%[21] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.01, compared to CNY 0.03 in Q1 2021, indicating a 66.7% decrease[21] - The total profit for Q1 2022 was CNY 8,345,807.37, a decline of 36.5% compared to CNY 13,171,675.93 in Q1 2021[20] Cash Flow and Financial Position - Operating cash flow for the period was CNY -124,499,751.45, an improvement of 8.32% from CNY -135,799,660.53 in the same period last year[3] - The company's cash and cash equivalents decreased to CNY 689,333,559.61 from CNY 809,953,016.33 at the beginning of the year, indicating a cash outflow[15] - Cash received from the disposal of subsidiaries amounted to CNY 5,000,000.00, contributing positively to cash flow[8] - The net cash flow from operating activities for Q1 2022 was -CNY 124,499,751.45, slightly improved from -CNY 135,799,660.53 in Q1 2021[24] - Cash and cash equivalents at the end of Q1 2022 stood at CNY 672,817,645.99, compared to CNY 616,561,055.04 at the end of Q1 2021, showing an increase of 9.1%[24] - The company incurred a total cash outflow from operating activities of CNY 265,434,486.09 in Q1 2022, compared to CNY 295,962,830.07 in Q1 2021, indicating a reduction of 10.3%[24] - The company reported a cash inflow from investment activities of CNY 5,000,000.00 in Q1 2022, compared to a cash outflow of CNY 1,325,338.92 in Q1 2021, marking a significant turnaround[24] Expenses and Cost Management - Total operating costs for Q1 2022 were CNY 169,353,846.59, down from CNY 176,549,118.04 year-on-year, reflecting a cost reduction strategy[19] - The company reported a significant reduction in management expenses by 30.42% to CNY 25,052,789.75 compared to CNY 36,006,138.51 in the previous year[7] - R&D expenses increased by 57.79% to CNY 15,761,883.11 from CNY 9,989,363.07 in the previous year, indicating a focus on innovation[7] - Research and development expenses increased to CNY 15,761,883.11 from CNY 9,989,363.07, highlighting a focus on innovation[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,506,670,201.28, a slight increase of 0.07% from CNY 2,504,814,296.04 at the end of the previous year[3] - The total assets of the company stood at CNY 2,506,670,201.28, slightly up from CNY 2,504,814,296.04 at the beginning of the year[18] - Total liabilities decreased to CNY 378,420,333.25 from CNY 382,682,465.96, reflecting a reduction in financial obligations[17] - Accounts receivable increased to CNY 762,115,226.08 from CNY 704,519,750.61, suggesting a potential increase in credit sales[15] - Inventory levels rose to CNY 387,882,540.61 from CNY 324,624,598.83, indicating a buildup of stock[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,360, indicating a stable shareholder base[10] - The net profit attributable to the parent company was not explicitly stated, but the retained earnings increased to CNY 1,030,938,265.87 from CNY 1,025,902,225.51, indicating profitability[17] Profitability Ratios - The weighted average return on equity decreased to 0.27% from 0.53% year-on-year, reflecting lower profitability[3] - The company reported an operating profit of CNY 8,677,387.24 for Q1 2022, down 35.5% from CNY 13,539,238.90 in Q1 2021[20]

Financial Performance - The company's operating revenue for 2021 was CNY 1,111,157,818.73, a decrease of 10.97% compared to CNY 1,248,100,875.60 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 71,214,102.92, down 46.92% from CNY 134,160,289.77 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 54,851,022.56, a decline of 56.63% compared to CNY 126,473,714.48 in 2020[17]. - The net cash flow from operating activities was CNY 116,351,600.11, which is a decrease of 26.66% from CNY 158,654,602.65 in the previous year[17]. - Basic earnings per share for 2021 were CNY 0.13, down 48.00% from CNY 0.25 in 2020[17]. - The total assets at the end of 2021 were CNY 2,504,814,296.04, a decrease of 1.28% from CNY 2,537,316,863.57 at the end of 2020[17]. - The net assets attributable to shareholders increased by 0.82% to CNY 2,087,917,883.80 at the end of 2021, compared to CNY 2,070,997,433.88 at the end of 2020[17]. - The weighted average return on equity for 2021 was 3.43%, down from 6.42% in 2020[17]. Market and Business Expansion - The company maintains a strong market share in conventional air monitoring and has a complete product line in grid monitoring and air pollution prevention consulting services[32]. - The company is actively expanding its market presence through the establishment of the Hebei Advanced Environmental Protection Industry Innovation Center, promoting a new model for environmental applications[32]. - The company is focusing on the "14th Five-Year Plan" for ecological development, enhancing its comprehensive competitiveness in the environmental monitoring sector[32]. - The government has set specific targets for rural environmental remediation by 2025, which may create new opportunities for the company in environmental services[30]. - The company is actively expanding into new business areas, particularly in carbon monitoring and management, to adapt to market changes[41]. Research and Development - The company holds a total of 189 patents and 257 software copyrights, reflecting its strong focus on technological innovation and R&D[37]. - The company has developed a series of greenhouse gas monitoring devices and carbon asset management systems, contributing to carbon emission monitoring and management[34]. - The company has implemented a new model for VOCs treatment, focusing on low-cost decentralized recovery and large-scale centralized processing[36]. - The integrated decentralized sewage treatment system has been developed for small towns and rural areas, promoting local wastewater treatment and reuse[36]. - The company has established a smart ecological environment management platform that integrates IoT and big data technologies for comprehensive environmental monitoring[38]. - The company reported R&D investment of ¥76,524,185.11 in 2021, representing 6.89% of its operating revenue, an increase from 5.15% in 2020[61]. - The R&D team saw a 33.33% increase in the number of PhD holders, rising from 3 in 2020 to 4 in 2021[61]. Financial Management and Governance - The company has established a transparent performance evaluation and incentive mechanism for senior management, aligning individual growth with corporate development[85]. - The company maintains strict compliance with governance regulations, ensuring that the actual governance structure aligns with legal requirements[86]. - The company has established an independent financial department with a standardized accounting system, allowing for independent financial decision-making and tax compliance[88]. - The company has a robust internal management structure that is completely independent from its controlling shareholders[87]. - The company has established a complete production, procurement, and sales system, enabling independent business operations[87]. Social Responsibility and Compliance - The company provided RMB 41,000 in scholarships to impoverished students in Xihui Village, Shijiazhuang City, as part of its social responsibility initiatives[127]. - The company emphasizes compliance with environmental laws and has not faced any administrative penalties related to environmental issues during the reporting period[124]. - The company has actively participated in social welfare activities, including donations of epidemic prevention materials during the COVID-19 pandemic[126]. Future Outlook and Strategic Goals - The company plans to enhance its ecological technology innovation capabilities and expand its project cooperation in the "dual carbon" market in 2022[76]. - The company aims for a revenue target of $50 million for 2022, representing a 20% increase from 2021[100]. - The management team emphasizes a commitment to sustainability, with plans to reduce carbon emissions by 10% over the next three years[100]. - The company plans to invest 100 million RMB in research and development for innovative environmental technologies over the next two years[136]. Legal and Regulatory Matters - The company reported a lawsuit involving Hebei Xianhe Zhenghe Environmental Technology Co., Ltd. against Shandong Tianyi Environmental Equipment Co., Ltd. with a claim amount of RMB 1.2852 million, which is currently in the execution phase[150]. - The company has not faced any penalties or rectification issues during the reporting period[152]. - There were no significant related party transactions during the reporting period, including asset or equity acquisitions or sales[153][154].

Financial Performance - Revenue for Q3 2021 was CNY 201,028,740.85, a decrease of 14.14% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 10,717,504.76, down 76.59% year-on-year[3] - Basic earnings per share decreased by 75.00% to CNY 0.02[3] - Total operating revenue for the current period reached ¥739,750,973.21, an increase of 3.7% compared to ¥713,094,648.37 in the previous period[24] - Operating profit for the current period was ¥102,955,700.42, a decrease of 21.2% from ¥130,654,477.97 in the previous period[25] - Net profit for the current period was ¥75,276,355.34, down 36.2% from ¥118,078,420.35 in the previous period[26] - Basic earnings per share decreased to ¥0.13 from ¥0.21 in the previous period, reflecting a decline of 38.1%[26] Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 2,461,963,718.57, a decrease of 2.97% from the end of the previous year[3] - The company's total liabilities decreased to RMB 337,188,523.04 from RMB 432,940,696.12 at the end of 2020, indicating a reduction in financial obligations[22] - Cash and cash equivalents decreased to RMB 590,585,427.47 from RMB 775,003,733.57, reflecting a decline of approximately 23.8%[20] - Accounts receivable increased to RMB 810,777,558.12 from RMB 737,670,087.22, representing a growth of about 9.9%[20] - The total equity attributable to the parent company increased to RMB 2,087,288,749.11 from RMB 2,070,997,433.88, showing a slight growth[22] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -131,083,722.00, a decline of 73.55% compared to the same period last year[12] - Cash flow from operating activities showed a net outflow of ¥131,083,722.00, worsening from a net outflow of ¥75,528,643.09 in the previous period[30] - Cash and cash equivalents at the end of the period totaled ¥562,247,787.00, compared to ¥511,807,110.12 at the end of the previous period[30] Shareholder Information - The company had a total of 48,763 common shareholders at the end of the reporting period[13] - The company repurchased 5,658,540 shares, reducing the registered capital from 551,032,550 shares to 545,374,010 shares[17] - The company reported a total of 74,882,911 restricted shares held by executives, which are subject to lock-up agreements[16] Other Income and Expenses - Other income increased by 88.59% to CNY 15,215,183.55, attributed to VAT software refunds[9] - The company experienced a 47.25% decrease in non-operating income, primarily due to reduced government subsidies received[9] - Research and development expenses increased to ¥53,934,103.28, up 25.7% from ¥42,897,924.97 in the previous period[25] - Tax expenses for the current period were ¥30,416,931.34, significantly higher than ¥17,489,534.76 in the previous period, indicating a rise of 74.1%[25] Inventory and Operations - The company's inventory increased to RMB 360,000,996.21 from RMB 338,759,776.38, indicating a rise of approximately 6.3%[21] - The company won contracts for the operation and maintenance of national surface water quality automatic monitoring stations, with a total estimated amount of RMB 76.08 million over three years[18] Compliance and Standards - The third quarter report has not been audited[32] - The new leasing standards were first implemented in 2021, with retrospective adjustments made to prior comparative data[33]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥538,722,232.36, representing a 12.48% increase compared to ¥478,967,691.72 in the same period last year[21]. - The net profit attributable to shareholders decreased by 15.85% to ¥58,137,307.82 from ¥69,090,639.67 year-on-year[21]. - Basic earnings per share fell by 15.38% to ¥0.11 from ¥0.13 in the same period last year[21]. - The company achieved operating revenue of ¥538,722,232.36, representing a year-on-year increase of 12.48%[30]. - The net profit attributable to shareholders was ¥58,137,307.82, a year-on-year decrease of 15.85%[30]. - The company's total equity increased slightly to CNY 2,109,477,036.83 from CNY 2,104,376,167.45, showing a growth of approximately 0.1%[123]. - The total comprehensive income for the first half of 2021 was 69,295,706.35, a decrease of 10,323,000 compared to the previous period[145]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥127,164,131.96, a decline of 24.33% compared to the previous year's negative cash flow of ¥102,280,349.01[21]. - The cash and cash equivalents decreased to ¥587,737,370.45, accounting for 23.51% of total assets, down from 30.54% the previous year[45]. - The company's cash flow from operating activities has shown a significant decline, which may impact future operational strategies[141]. - The total cash outflow from financing activities was CNY 53,997,259.62, compared to CNY 59,937,401.00 in the first half of 2020[138]. - The company reported a cash and cash equivalents balance of CNY 566,708,973.99 at the end of the first half of 2021, down from CNY 753,685,376.49 at the beginning of the period[138]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,499,704,528.54, a decrease of 1.48% from ¥2,537,316,863.57 at the end of the previous year[21]. - The company's total assets amounted to CNY 2,213,656,000, showing a slight increase from CNY 2,210,264,000[150]. - The total liabilities decreased to CNY 1,165,200,000 from CNY 1,167,500,000 in the previous year[150]. - The company's accounts receivable increased by 4.23% to ¥832,489,308.92, compared to ¥737,670,087.22 at the end of the previous year[45]. Research and Development - Research and development expenses rose by 30.21% to ¥37,879,035.19, up from ¥29,089,963.84, indicating a significant investment in innovation[39]. - The company has developed a carbon monitoring and management system, enhancing its capabilities in carbon asset management[31]. - The company is focusing on an integrated ecological environment governance model that utilizes IoT, big data, and AI technologies to enhance environmental quality[36]. Risk Management - The company has highlighted risks and countermeasures in its management discussion and analysis section, emphasizing the importance of risk awareness for investors[5]. - The company faces management risks due to business expansion, requiring enhanced capabilities in investment decisions and resource integration[56]. - There is a risk of goodwill impairment from acquisitions, which could negatively affect asset status and operating performance[56]. Corporate Governance - The company has not reported any significant changes in its registered information or contact details during the reporting period[18]. - The company did not experience any penalties or rectification situations in the reporting period[79]. - The company did not report any significant litigation or arbitration matters during the reporting period[78]. Shareholder Information - The total number of shares is 551,032,550, with 74,882,911 shares (13.59%) under limited sale conditions and 476,149,639 shares (86.41%) under unlimited sale conditions[101]. - The largest shareholder, Li Yuguo, holds 81,898,409 shares, representing 14.86% of total shares, with 61,423,807 shares under lock-up conditions[105]. - The company reported a profit distribution to shareholders amounting to 7,401,000, which is a significant reduction from the previous period[146]. Compliance and Reporting - The half-year financial report has not been audited, indicating a lack of external validation for the reported figures[75]. - The company adheres to the Chinese Accounting Standards, ensuring that its financial statements accurately reflect its financial position and operating results[165]. - The financial statements are prepared based on the going concern assumption, with no significant doubts about the company's ability to continue operations for at least 12 months from the reporting date[163].

Financial Performance - The company's operating revenue for 2020 was CNY 1,248,100,875.60, a decrease of 9.18% compared to CNY 1,374,326,135.32 in 2019[14]. - The net profit attributable to shareholders in 2020 was CNY 134,160,289.77, down 48.92% from CNY 262,648,290.96 in 2019[14]. - The net profit after deducting non-recurring gains and losses was CNY 126,473,714.48, a decline of 50.11% compared to CNY 253,526,402.00 in 2019[14]. - The net cash flow from operating activities was CNY 158,654,602.65, a decrease of 55.02% from CNY 352,722,392.00 in 2019[14]. - Basic earnings per share for 2020 were CNY 0.25, down 47.92% from CNY 0.48 in 2019[14]. - The company reported a significant decline in both revenue and profit, indicating potential challenges in market conditions and operational efficiency[14]. - The net profit attributable to shareholders for 2020 was CNY 10,260,038.80, a decrease from CNY 58,830,600.87 in 2019[17]. - The net profit after deducting non-recurring gains and losses was CNY 9,265,660.07, compared to CNY 55,630,168.11 in the previous year[17]. - The net cash flow from operating activities was negative at CNY -105,910,439.86, a significant decline from CNY 3,630,090.85 in 2019[17]. - The company achieved operating revenue of CNY 1,248,100,875.60, a year-on-year decrease of 9.18%[36]. - The net profit attributable to shareholders was CNY 134,160,289.77, down 48.92% year-on-year[36]. - The total assets at the end of 2020 amounted to CNY 2,537,316,863.57, with net assets of CNY 2,070,997,433.88[36]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders, based on a total of 536,582,210 shares[4]. - The total cash dividend amount, including other methods, reached 123,634,894.12 yuan, accounting for 100% of the distributable profit[80]. - The cash dividend for 2020 represented 40.00% of the net profit attributable to ordinary shareholders in the consolidated financial statements[85]. - The company has maintained a consistent cash dividend policy over the past three years, with no changes or adjustments made during the reporting period[80]. - The total number of shares eligible for profit distribution was 536,582,210 after deducting repurchased shares[82]. - The company reported a distributable profit of 1,167,533,057.81 yuan for the year[80]. - In 2019, the company distributed a cash dividend of 54,537,401.00 yuan, which was 20.76% of the net profit attributable to ordinary shareholders[85]. Innovation and Development - The company has developed into a comprehensive service provider in environmental monitoring, management, and governance, covering various sectors including ecological monitoring equipment and environmental big data analysis[22]. - The company holds 146 patents and 176 software copyrights, reflecting its strong innovation capabilities[29]. - The company launched a small photovoltaic sewage treatment system that meets national standards, suitable for rural wastewater treatment[31]. - The company is focusing on the "14th Five-Year Plan" ecological brain initiative, integrating IoT, big data, and AI technologies for environmental management[32]. - The company launched the "Ecological Brain" solution, integrating IoT, big data, and AI technologies to enhance environmental governance[38]. - The company is focusing on expanding its product line, including the development of new environmental monitoring systems and technologies[160]. - The company has been involved in multiple national-level research projects, contributing to its reputation in the environmental technology sector[159]. Market and Industry Trends - The demand for monitoring volatile organic compounds (VOCs) has increased, particularly in industrial parks and cities with ozone pollution issues[23]. - The government emphasizes the importance of carbon peak and carbon neutrality, which presents significant opportunities for the environmental monitoring industry[22]. - The company aims to enhance its capabilities in environmental governance while addressing carbon emissions and promoting green development[25]. - The company is transitioning from an environmental monitoring equipment manufacturer to a comprehensive service provider across the entire industry chain[39]. - Domestic revenue accounted for 97.68% of total revenue, while international revenue was only 2.32%, reflecting a decrease of 9.05% and 14.42% respectively compared to the previous year[42]. Corporate Governance and Compliance - The company has established a long-term incentive mechanism to attract and retain talent, crucial for enhancing core competitiveness[72]. - The company acknowledges management risks due to business expansion and plans to strengthen internal control and management capabilities[73]. - The company will closely monitor environmental policies and their impact on business operations, enhancing communication with local governments[74]. - The company has established a commitment to ensure that any related transactions are conducted in compliance with national laws and regulations[96]. - The company has a commitment from major shareholders to not engage in any business activities that could compete with the company during their tenure[96]. - The company has outlined a strategy to manage tax liabilities related to its subsidiaries, ensuring compliance with tax obligations[95]. - The company has implemented the new revenue recognition standards effective January 1, 2020, with no significant impact on the financial statements during the reporting period[100]. Social Responsibility - The company actively participated in social responsibility initiatives, including donations for poverty alleviation and support for education[127]. - The company provided educational funding of 3.2 million yuan to support impoverished students, benefiting 15 students[130]. - The company plans to continue its educational support until students graduate from full-time university[131]. - The company does not belong to the key pollutant discharge units as per environmental protection regulations[132]. - No penalties were incurred during the reporting period for violations of environmental laws[133]. Shareholder Information - The company has a total of 46,620 shareholders at the end of the reporting period[145]. - The largest shareholder, Li Yuguo, holds 14.86% of the shares, totaling 81,898,409 shares, with 61,423,807 shares under lock-up[145]. - The shareholding of the top ten shareholders includes significant pledges, with Li Yuguo having 30,000,000 shares pledged[145]. - The company reported no changes in major shareholders or actual controllers during the reporting period[147][148]. - The company has not reported any commitments regarding share reduction by major shareholders during the reporting period[149]. Audit and Financial Reporting - The company received a standard unqualified audit opinion from Lianda Accounting Firm, confirming that the financial statements fairly reflect its financial position and operating results for the year ended December 31, 2020[195]. - The company reported a goodwill value of ¥262,869,404.26 as of December 31, 2020, with impairment testing being a key audit matter due to the reliance on management's estimates and assumptions[198]. - Accounts receivable balance stood at ¥910,826,207.05 with a provision for bad debts amounting to ¥173,156,119.83, resulting in a net value of ¥737,670,087.22, highlighting the significance of assessing recoverability[199].

Financial Performance - The company's operating revenue for Q1 2021 was ¥191,079,358.51, representing a 10.96% increase compared to ¥172,207,840.38 in the same period last year[8] - The net profit attributable to shareholders was ¥10,909,620.59, up 6.33% from ¥10,260,038.80 year-on-year[8] - The net profit after deducting non-recurring gains and losses increased by 21.23%, reaching ¥11,232,459.46 compared to ¥9,265,660.07 in the previous year[8] - The basic earnings per share rose by 50.00% to ¥0.03 from ¥0.02 in the same period last year[8] - The total operating revenue for the first quarter of 2021 was CNY 191,079,358.51, an increase from CNY 172,207,840.38 in the previous period[35] - The total operating revenue for the first quarter of 2021 was CNY 134,508,819.17, compared to CNY 107,629,073.31 in the previous period, representing an increase of approximately 25%[40] - The net profit for the first quarter was CNY 10,748,887.18, slightly up from CNY 10,542,707.65, indicating a growth of around 2%[37] - The total comprehensive income for the period was CNY 10,872,314.77, compared to CNY 10,293,438.09 in the previous period, reflecting an increase of approximately 6%[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,444,135,054.08, a decrease of 3.67% from ¥2,537,316,863.57 at the end of the previous year[8] - The total assets as of March 31, 2021, amounted to CNY 2,447,121,866.90, down from CNY 2,478,322,512.58 at the end of 2020[32] - Total liabilities decreased to CNY 213,706,283.33 from CNY 268,057,992.43 in the previous period[33] - Current liabilities totaled CNY 208,994,879.55, a decrease from CNY 261,431,547.87[33] - The company's retained earnings rose to CNY 1,190,684,121.23 from CNY 1,167,533,057.81[33] - The total equity attributable to shareholders was CNY 2,233,415,583.57, compared to CNY 2,210,264,520.15 in the previous period[33] Cash Flow - The net cash flow from operating activities was negative at -¥135,799,660.53, worsening by 28.22% compared to -¥105,910,439.86 in the same period last year[8] - Operating cash inflow for the current period was CNY 160,163,169.54, an increase from CNY 143,898,196.75 in the previous period, representing a growth of approximately 11.5%[45] - Cash outflow from operating activities totaled CNY 295,962,830.07, up from CNY 249,808,636.61, indicating a rise of about 18.4%[45] - Cash received from sales of goods and services was CNY 147,606,719.64, compared to CNY 133,481,376.75 previously, marking an increase of approximately 10.6%[44] - The company reported a net decrease in cash and cash equivalents of -CNY 137,124,321.45, compared to -CNY 107,908,318.79 previously, representing a decline of about 27.0%[46] Expenses - The total operating costs increased to CNY 176,549,118.04 from CNY 156,959,598.40, reflecting a rise of about 12%[36] - Research and development expenses totaled ¥9,989,363.07 during the reporting period, reflecting the company's commitment to product innovation[18] - Research and development expenses rose to CNY 9,989,363.07 from CNY 8,361,089.98, marking an increase of approximately 19%[36] - Financial expenses improved by 76.45% to -¥2,646,057.89 due to increased interest income from bank deposits[16] - The financial expenses showed a net income of CNY -2,646,057.89, compared to CNY -1,499,648.73, indicating a worsening in financial costs[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,638[11] - The largest shareholder, Li Yuguo, holds 14.86% of the shares, with 61,423,807 shares pledged[11] Taxation - The company reported a 108.65% increase in tax payments to ¥54,301,274.48, reflecting higher corporate income tax and value-added tax payments[16] - Tax payable decreased by 60.01% to ¥31,092,447.64 due to a reduction in corporate income tax and value-added tax[16] - The company reported a decrease in tax payable to CNY 19,708,559.57 from CNY 57,503,245.63[33] Risks and Future Plans - The company plans to strengthen market expansion and product technology development while managing pandemic-related challenges[17] - The company faces management risks due to business expansion, which may impact operational efficiency[19] - The company is monitoring goodwill impairment risks related to its acquisitions and is taking measures to ensure subsidiary performance[19] Audit Status - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[51]

Financial Performance - Operating revenue for the reporting period was CNY 234,126,956.65, down 18.19% year-on-year, and CNY 713,094,648.37 for the year-to-date, a decrease of 25.44%[7] - Net profit attributable to shareholders was CNY 45,772,241.29, a decline of 43.02% compared to the same period last year, and CNY 114,862,880.96 year-to-date, down 34.87%[7] - Basic earnings per share for the reporting period were CNY 0.08, a decrease of 46.67% year-on-year[7] - The company's net profit for the first three quarters of 2020 was CNY 118,078,420.35, a decrease of 32.59% compared to CNY 175,155,719.55 in the same period of 2019[18] - The company's operating profit for Q3 2020 was CNY 48.55 million, a decrease of 43.2% compared to CNY 85.44 million in the same period last year[40] - Net profit for Q3 2020 was CNY 48.32 million, a decline of 38.3% compared to CNY 78.18 million in Q3 2019[40] - The net profit attributable to the parent company was CNY 114.86 million, down 34.8% from CNY 176.37 million year-on-year[49] - The total profit for the third quarter was CNY 135.57 million, a decrease of 34.0% from CNY 205.28 million in the same quarter of the previous year[49] Cash Flow - The net cash flow from operating activities was CNY 26,751,705.92, down 42.65% compared to the same period last year[7] - The company's cash flow from operating activities showed a net outflow of CNY 75,528,643.09, a decline of 248.23% compared to a net inflow of CNY 50,954,704.36 in the previous year[18] - The net cash flow from operating activities was -75,528,643.09 CNY, a decrease from 50,954,704.36 CNY in the previous period[56] - Total cash inflow from operating activities was 834,156,964.85 CNY, down from 1,001,495,579.58 CNY year-over-year[56] - Cash outflow from operating activities totaled 909,685,607.94 CNY, compared to 950,540,875.22 CNY in the previous period[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,387,406,140.42, a decrease of 5.72% compared to the end of the previous year[7] - The company's total assets decreased to CNY 2,387,406,140.42 from CNY 2,532,378,571.10 at the end of 2019, reflecting a decline of 5.73%[30] - The total liabilities decreased to CNY 240,251,165.58 from CNY 265,028,204.80[36] - Total liabilities were CNY 432,394,907.51, with current liabilities at CNY 424,042,852.18 and non-current liabilities at CNY 8,352,055.33[64] - The total liabilities to assets ratio is approximately 17.1%, indicating a relatively low leverage position[64] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,448[11] - The largest shareholder, Li Yuguo, held 14.86% of the shares, with 61,423,807 shares pledged[11] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] - The company distributed a cash dividend of CNY 1.00 per 10 shares, totaling CNY 54,537,401.00, which was implemented on June 5, 2020[21] Inventory and Receivables - Accounts receivable increased to CNY 702,832,532.84, up 12.52% from CNY 624,662,873.37 at the end of 2019[30] - The company's inventory increased to CNY 420,420,897.72, up 5.77% from CNY 399,314,981.07 at the end of 2019[30] - Inventory stood at CNY 399,314,981.07, indicating a significant asset base for operational activities[63] Financial Expenses and Income - The company's financial expenses increased significantly by 531.58% to CNY -8,410,621.65 due to increased interest income from bank deposits[18] - The company reported a financial income of CNY 1,869,580.59, down from CNY 2,344,940.97 in the previous period[39] - The company's financial expenses showed a significant improvement, with a net financial expense of CNY -8.41 million compared to CNY -1.33 million in the previous year[48] Research and Development - Research and development expenses for Q3 2020 were CNY 10.34 million, a decrease of 16.1% from CNY 12.33 million in the same period last year[43] - Research and development expenses increased to CNY 31.05 million, up 12.6% from CNY 27.50 million year-on-year, indicating a focus on innovation[51] Future Plans - The company plans to continue its stock repurchase program within the approved budget of CNY 50 million to CNY 70 million[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[51]