徐州科融环境资源股份有限公司 2018 年年度报告全文 徐州科融环境资源股份有限公司 2018 年年度报告 (更新后) 2019 年 04 月 1 徐州科融环境资源股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人毛军亮、主管会计工作负责人葛兵及会计机构负责人(会计主管 人员)张猛声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在第四节-经营情况讨论与分析中"未来发展的展望"的前瞻性陈述不 构成公司对投资者的实质承诺，敬请广大投资者理性投资，注意风险。 公司已在本报告中详细描述存在的相关风险，具体内容详见"第四节经营 情况讨论与分析"之"可能面对的风险"，敬请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 ...

2017 年 04 月 徐州科融环境资源股份有限公司 2016 年年度报告全文 徐州科融环境资源股份有限公司 2016 年年度报告 （更新后） 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司对任何投资者及相关人士的承诺，投资者及相 关人士应对此保持足够的风险认识，并且应当理解计划、预测与承诺的差异。 1 徐州科融环境资源股份有限公司 2016 年年度报告全文 本公司请投资者认真阅读本年度报告全文，并特别注意下列风险因素： 第一节 重要提示、目录和释义 （1）受下游行业建设放缓影响的风险 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 公司传统的节能业务及烟气治理业务的发展受到其下游的电力行业，特别是火电行业发展的影响比较大。2003 年到 2006 年，由于我国受到"电荒"的影响，我国电力建设进入高景气周期，全国发电装机总容量逐年提高，2006 年全国发电装机 总容量增速达到 20%以上，总装机容量 6.24 亿千瓦，全国的电力供需矛盾得到缓解。全国发电装机总容量增速从 2007 年开 始 ...

Financial Performance - The company's operating revenue for 2019 was ¥513,408,320.75, a decrease of 2.47% compared to ¥526,434,765.68 in 2018[15] - The net profit attributable to shareholders was ¥7,035,498.48, marking a significant recovery from a loss of ¥516,565,468.21 in the previous year, representing a 101.36% increase[15] - The net cash flow from operating activities improved to ¥35,328,731.43, a 204.01% increase from a negative cash flow of ¥33,965,553.83 in 2018[15] - The total assets at the end of 2019 were ¥1,749,033,489.53, down 13.47% from ¥2,021,217,521.65 in 2018[15] - The net assets attributable to shareholders increased by 1.62% to ¥671,973,273.42 from ¥661,248,774.94 in 2018[15] - The basic earnings per share for 2019 were ¥0.0099, a recovery from a loss of ¥0.7247 per share in 2018, reflecting a 101.36% improvement[15] - The weighted average return on net assets was 1.06%, a significant recovery from -55.92% in the previous year[15] - The total operating revenue for the company in 2019 was CNY 513,408,320.75, a decrease of 2.47% compared to the previous year[49] - Operating costs amounted to CNY 376,879,113.68, which is a reduction of 17.11% year-on-year[52] - The net profit attributable to the parent company was CNY 1,012,660, an increase of 102.13% compared to the previous year[49] Cash Flow and Investments - The net cash flow from operating activities increased by 204.01% to ¥35,328,731.43 in 2019, compared to a negative cash flow of ¥33,965,553.83 in 2018[65] - The total cash inflow from operating activities decreased by 10.82% to ¥576,388,659.51 in 2019, while cash outflow decreased by 20.47% to ¥541,059,928.08[65] - The net cash flow from investment activities decreased by 81.73% to ¥29,728,804.11 in 2019, primarily due to the previous year's recovery of equity funds from several companies[66] - The company reported a significant increase in investment income of ¥96,649,150.17, accounting for 640.65% of total profit, primarily from the disposal of certain environmental assets[66] Business Operations and Strategy - The company aims to enhance its market position by focusing on environmental governance and expanding its core business areas, including waste incineration and sewage treatment[26] - The company acquired a 49% stake in Hebei Xiong'an Lizi Environmental Technology Co., which is expected to generate nearly ¥50 million in annual revenue once fully operational[27] - A hydrogen energy project is under development with a total planned investment of approximately ¥500 million, aimed at reducing reliance on traditional energy sources[28] - The company’s main business includes energy-saving combustion, sewage treatment, and waste incineration power generation, utilizing various advanced technologies[29] - The company operates under EP, EPC, and BOT business models, ensuring comprehensive management of engineering projects and long-term operational rights for waste incineration projects[31] - The company completed approximately 120,000 tons of household waste input and generated about 30 million kWh of electricity in the garbage incineration power generation sector[43] - The company secured 57 new orders in the sewage treatment sector, with a total contract amount of approximately 260 million yuan[43] - The company achieved a total contract amount of approximately 290 million yuan from 586 new orders in the energy-saving combustion sector[43] - The company plans to enhance core competitiveness across various business areas to create an ecological industrial chain[44] Research and Development - The company has been recognized as a national high-tech enterprise and has received 10 patent authorizations in the reporting period, totaling 89 effective patents[38] - The company's R&D investment in 2019 amounted to ¥16,249,423.91, representing 3.17% of total revenue, a decrease from 6.01% in 2018[64] - The company completed the development of several models of fully automatic low-nitrogen integrated burners, including a 3.3MW model that has obtained type testing certification[62] - The company has invested in research and development for new technologies in the fields of bioenergy and environmental protection, aiming to strengthen its market position[81] Governance and Compliance - The company has established an independent financial department and accounting system to ensure financial decision-making autonomy[101] - The company has a governance structure in place to maintain independence from its controlling entities[101] - The company has committed to maintaining a transparent relationship with shareholders, ensuring that any related party transactions are conducted fairly and in compliance with regulations[102] - The company has established a comprehensive management system to ensure independent operations and avoid conflicts of interest with controlling shareholders[102] - The company has implemented measures to ensure the accuracy of financial disclosures and compliance with regulatory requirements[78] - The company received an administrative penalty from the China Securities Regulatory Commission for false information in its annual report and was ordered to rectify within 60 working days[121] - The company completed the required rectification work on time as per the regulatory requirements[122] Shareholder Relations - The company plans to distribute cash dividends of no less than 10% of the current year's distributable profit, ensuring shareholder returns[103] - The total cash dividend for 2019 was 0.00, with a net profit attributable to shareholders of listed companies amounting to 10,126,586.6, resulting in a cash dividend ratio of 0.00%[100] - The company emphasized the importance of investor returns, stating that the decision not to distribute profits aligns with relevant laws and regulations[98] - The company aims to provide stable and long-term returns to investors through its strategic decisions[98] - The company has a commitment to avoid any direct or indirect competition with its controlling shareholders and their affiliates, ensuring independent business operations[102] Legal and Regulatory Issues - The company faced a lawsuit involving a payment dispute amounting to 7,356.35 million yuan, which has been settled but remains unexecuted[119] - Another lawsuit related to a construction dispute with an amount of 7,316.4 million yuan is currently under trial[119] - The company’s major shareholders and actual controllers have received administrative penalties and market bans due to violations[122] Employee and Management Structure - The total number of employees in the company is 641, with 326 in the parent company and 315 in major subsidiaries[172] - The company has a diverse professional composition, including 195 production personnel, 53 sales personnel, 136 technical personnel, 32 financial personnel, and 225 administrative personnel[172] - The company conducted a total of 2833 training hours in 2019, covering management training, skills training, onboarding, and qualification training[174] - The total pre-tax remuneration for the chairman is 58.29万元, while the general manager and financial director received 45.62万元[171] - The company has established a market-oriented salary system that links performance assessment closely with individual compensation[173] Market and Industry Outlook - The environmental protection industry in China is expected to account for approximately 3% of the national GDP by 2020, indicating significant growth potential[86] - The company's garbage incineration power generation business is projected to maintain over 20% growth in the coming years, driven by national policies promoting waste incineration[87] - The market demand for clean fuel and clean combustion technology remains strong, particularly in the industrial boiler sector, which is a key customer base for the company[86]

Financial Performance - The company's operating revenue for 2017 was ¥654,510,553.92, a decrease of 15.22% compared to ¥772,006,227.88 in 2016[19] - The net profit attributable to shareholders was ¥4,254,262.66, representing a significant increase of 101.49% from a loss of ¥285,944,099.05 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥88,646,710.92, an improvement of 70.57% from -¥301,165,444.04 in 2016[19] - The net cash flow from operating activities was -¥101,481,954.54, a decline of 141.74% compared to ¥243,141,240.61 in 2016[19] - The total assets at the end of 2017 amounted to ¥3,026,179,112.38, an increase of 7.08% from ¥2,825,986,783.57 in 2016[19] - The net assets attributable to shareholders were ¥1,182,090,333.65, showing a slight increase of 0.21% from ¥1,179,565,521.52 in 2016[19] - The basic earnings per share for 2017 was ¥0.006, compared to a loss of ¥0.4093 in 2016, marking a 101.47% improvement[19] - The diluted earnings per share also stood at ¥0.006, reflecting the same percentage increase as the basic earnings per share[19] - The weighted average return on net assets was -7.81%, an improvement of 14.67% from -22.48% in 2016[19] Revenue Breakdown - The net combustion and boiler energy efficiency segment generated ¥320.97 million, accounting for 49.04% of total revenue, with a year-on-year increase of 41.56%[59] - The flue gas treatment segment saw a significant decline in revenue, dropping 62.52% to ¥150.29 million from ¥400.94 million[59] - The waste-to-energy segment experienced substantial growth, with revenue increasing by 585.93% to ¥36.96 million[59] - The water treatment segment's revenue was ¥168.62 million, reflecting a year-on-year increase of 26.86%[59] Investments and Acquisitions - The company acquired 100% equity of Jiangsu Yongbao Environmental Technology Co., Ltd. in two phases, enhancing its hazardous waste business capabilities[45] - The company is actively involved in the research and development of bioenergy equipment, with a reported investment of RMB 10 million in this area[100] - The company is involved in the acquisition of environmental protection equipment and engineering services[89] - The company has initiated new projects in various fields, including high-efficiency reverse osmosis systems and rural integrated sewage treatment equipment[74] - The company is focusing on expanding its business scope and enhancing profitability through strategic acquisitions and partnerships in the environmental sector[101] Strategic Focus and Innovation - The company emphasized its focus on technology innovation and has developed various technologies including ultra-low nitrogen burners and waste gas treatment systems[30] - The company aims to develop new technologies such as ultra-low nitrogen burners and plasma generators to maintain competitive advantage and improve service quality[111] - The company is transitioning from equipment manufacturing to operational management in the environmental industry, aiming to increase its comprehensive governance service capabilities[101] - The company is committed to developing new profit growth points through strategic investments in the renewable energy industry, particularly in waste management and energy recovery[103] Market Position and Competition - The company holds a leading position in the energy-saving combustion industry, with the largest combustion laboratory in Asia and significant market shares in various combustion systems[31] - The environmental protection industry is experiencing rapid growth, providing significant opportunities for companies with strong technological reserves like the company[31] - The company faces increased competition in the solid waste disposal industry due to the entry of large state-owned enterprises and private capital into the environmental sector[112] Cash Flow and Financial Management - The net cash flow from operating activities was -¥101,481,954.54 in 2017, a decline of 141.74% compared to the previous year[78] - Cash inflow from investment activities increased by 11.27% to ¥343,993,018.59, while cash outflow rose by 22.01% to ¥383,662,179.21[78] - The net cash flow from financing activities decreased by 61.83% to ¥192,600,000.00, reflecting a reduction in financing scale due to tighter bank credit policies[78] - The company reported a significant increase in accounts receivable due to the growth of its main environmental business, necessitating enhanced management and collection efforts[116] Corporate Governance and Compliance - The company has established a comprehensive accounts receivable management system to mitigate risks associated with increasing receivables[116] - The company guarantees the independence of its assets and operations, ensuring no violation of fund, asset, or resource occupation[128] - The company has established an independent financial department and accounting system, capable of making independent financial decisions[129] - The company has a commitment to avoid related party transactions unless necessary, ensuring compliance with market rules and fair trading principles[132] Future Outlook - The company plans to focus on expanding its core environmental business and enhancing profitability through project construction and market development in 2018[110] - The company is actively pursuing opportunities for mergers and acquisitions to enhance its competitive position in the market[194] - The company has set ambitious targets for revenue growth and market expansion in the next fiscal period[191] - The company is committed to sustainability, with a goal to reduce carbon emissions by 50% by 2030[198]

雄安科融环境科技股份有限公司 2020 年第三季度报告 公司负责人毛军亮、主管会计工作负责人张猛及会计机构负责人(会计主管 人员)张光谊声明：保证季度报告中财务报告的真实、准确、完整。 2 雄安科融环境科技股份有限公司 2020 年第三季度报告 雄安科融环境科技股份有限公司 2020 年第三季度报告 2020 年 10 月 1 雄安科融环境科技股份有限公司 2020 年第三季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 所有董事均已出席了审议本报告的董事会会议。 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,179,194,013.59 | 1,784,800,808.58 | | -33.93% | | 归属于上市公司股东的净资产 （元） | 761,284 ...

雄安科融环境科技股份有限公司 2020 年半年度报告 雄安科融环境科技股份有限公司 2020 年半年度报告 2020 年 08 月 1 雄安科融环境科技股份有限公司 2020 年半年度报告 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人毛军亮、主管会计工作负责人葛兵及会计机构负责人(会计主管 人员)张猛声明：保证半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本半年度报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，敬请投资者及相关人士均应当对此保持足够的风险认识，理解 计划、预测与承诺之间的差异，注意投资风险。 公司在本报告第四节"经营情况讨论与分析－公司面临的风险和应对措施" 部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关注相 关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 | 第一节 | 重要提示、目录和释义 1 | | --- | --- | | 第二节 | ...

雄安科融环境科技股份有限公司 2020 年第一季度报告 雄安科融环境科技股份有限公司 2020 年第一季度报告 2020 年 4 月 1 雄安科融环境科技股份有限公司 2020 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人毛军亮、主管会计工作负责人葛兵及会计机构负责人(会计主管 人员)张猛声明：保证季度报告中财务报表的真实、准确、完整。 2 雄安科融环境科技股份有限公司 2020 年第一季度报告 第二节 公司基本情况 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 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业总收入（元） | 45,202,080.98 | 77,447,027.08 | -41.63% | | 归属于上市公司股东的净利润（元） | -22,895,987.5 ...

雄安科融环境科技股份有限公司 2019 年年度报告全文 雄安科融环境科技股份有限公司 2019 年年度报告 （更新后） 2020 年 4 月 1 雄安科融环境科技股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人毛军亮、主管会计工作负责人葛兵及会计机构负责人(会计主管 人员)张猛声明：保证年度报告中财务报告的真实、准确、完整。 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 公司、科融环境 | 指 | 雄安科融环境科技股份有限公司 | | 燃控科技 | 指 | 原公司名称徐州燃控科技股份有限公司 | | 徐州丰利 | 指 | 徐州丰利科技发展投资有限公司，公司控股股东 | | 亚太会计师事务所 | 指 | 亚太（集团）会计师事务所（特殊普通合伙） | | 《公司法》 | 指 | 《中华人民共和国公司法》 | | 《证券法》 | 指 | 《中华人 ...

Financial Performance - The company's operating revenue for 2019 was ¥513,408,320.75, a decrease of 2.47% compared to ¥526,434,765 in 2018[14] - The net profit attributable to shareholders was ¥10,126,586.62, representing a significant increase of 102.13% from a loss of ¥475,698,175.60 in the previous year[14] - The net cash flow from operating activities improved to ¥35,328,731.43, a 204.01% increase from a negative cash flow of ¥33,965,553.83 in 2018[14] - The basic earnings per share rose to ¥0.0142, compared to a loss of ¥0.6674 per share in 2018, marking a 102.13% improvement[14] - The total assets at the end of 2019 were ¥1,784,800,808.58, a decrease of 13.24% from ¥2,057,086,844.63 in 2018[14] - The net assets attributable to shareholders increased by 13.99% to ¥800,564,062.39 from ¥702,281,501.84 in 2018[14] - The weighted average return on equity was 1.43%, a recovery from -50.37% in the previous year[14] - The company reported no continuous losses over the last two years[14] - Non-recurring gains for 2019 amounted to approximately 100.53 million, significantly impacting the overall financial performance[21] - The company reported a total revenue of 470.92 million for the year, with a significant increase in user data from 134.65 million to 470.92 million, reflecting a growth of approximately 250%[84] Revenue Breakdown - The clean combustion and boiler energy efficiency segment generated CNY 245.17 million, accounting for 47.75% of total revenue, with a decline of 9.96% year-on-year[51] - The waste-to-energy segment saw a remarkable increase in revenue by 97.63%, reaching CNY 58.25 million, representing 11.35% of total revenue[51] - Water treatment segment revenue grew by 16.11% to CNY 209.99 million, making up 40.90% of total revenue[52] Operational Developments - The company aims to enhance its core competitiveness in waste incineration power generation and sewage treatment, leveraging the growing environmental protection industry[25] - The company has acquired a 49% stake in Hebei Xiong'an Lizi Environmental Technology Co., which is expected to generate nearly 50 million annually after project completion[26] - A hydrogen energy project in Xuzhou is under development, with a total planned investment of approximately 500 million RMB, covering an area of about 200 acres[27] - The company completed approximately 120,000 tons of household waste input and generated about 30 million kWh of electricity in the garbage incineration power generation sector[42] - The company secured 57 new orders in the sewage treatment sector, with a total contract amount of approximately 260 million yuan[42] Research and Development - The company has a total of 89 valid patents, including 30 invention patents and 59 utility model patents[37] - The company developed a fully automatic ultra-low nitrogen integrated combustion machine, with 3.3MW model obtaining type test certification by the end of 2019[34] - Research and development expenses decreased by 48.51% to CNY 16.23 million, attributed to the divestiture of non-performing assets[62] - The total number of R&D personnel was 67 in 2019, accounting for 19.14% of the workforce, an increase from 10.89% in 2018[66] - Research and development investment amounted to ¥16,225,142.26 in 2019, representing 3.16% of operating revenue, a decrease from 5.99% in 2018[66] Financial Management - The company plans to enhance financial management by improving accounts receivable collection and accelerating cash flow[45] - Accounts receivable decreased by 56.72% compared to the beginning of the period, mainly due to an increase in bill settlements[31] - Prepayments decreased by 77.45% compared to the beginning of the period, primarily due to the company's divestment of loss-making assets[31] - Long-term equity investments increased by 533.37% compared to the beginning of the period, mainly due to new significant influence investments[31] Governance and Compliance - The company has committed to maintaining the independence of its assets and financial management, ensuring no misuse of funds or resources[104] - The company has established an independent financial department and accounting system to ensure financial decision-making autonomy[104] - The company has acknowledged the non-standard audit report and is taking steps to address the highlighted issues to protect investor interests[111] - The company is under investigation by the China Securities Regulatory Commission for potential false disclosures related to its major shareholders[125] - The company has implemented measures to ensure compliance and address the issues raised by the audit report[118] Shareholder Relations - The company plans not to distribute cash dividends or issue bonus shares[5] - The total cash dividend for 2019 was 0.00 yuan, with a net profit of 10,126,586.6 yuan, resulting in a cash dividend ratio of 0.00%[103] - The company emphasizes the importance of investor returns, aligning its profit distribution policy with relevant laws and regulations[102] - The company has committed to ensuring the independence of its organizational structure and governance, with no overlap with controlled entities[104] Market Strategy - The company is focusing on expanding its market presence through strategic acquisitions and partnerships in the environmental technology sector[81] - The company aims to increase its market share by leveraging its technological advancements and expanding its service offerings[81] - The company is committed to maintaining a sustainable growth trajectory through innovative solutions in environmental technology[81] - The company has outlined future guidance that includes a focus on profitability and operational efficiency across its subsidiaries[81] Employee and Management Structure - The total number of employees in the company is 641, with 326 in the parent company and 315 in major subsidiaries[176] - The company has a professional composition of 195 production personnel, 53 sales personnel, 136 technical personnel, 32 financial personnel, and 225 administrative personnel[176] - The company organized a total of 2,833 training hours in 2019, covering management training, skills training, onboarding training, and qualification training[178] - The company has established a market-oriented compensation system that links performance assessment to individual value returns[177] Risk Management - The company has committed to enhancing internal governance and risk management to prevent future related party fund occupation issues[111] - The company’s independent directors expressed support for the audit opinions and emphasized the need for ongoing monitoring of the company’s financial practices[113] - The company has not reported any changes in the shareholding structure of major shareholders during the reporting period[160]

Financial Performance - Operating revenue for the reporting period was CNY 122,122,264.94, an increase of 45.91% year-on-year[7]. - Net profit attributable to shareholders was CNY 1,276,246.41, representing a 100.57% increase compared to the same period last year[7]. - Basic earnings per share for the reporting period was CNY 0.002, an increase of 100.64% year-on-year[7]. - The weighted average return on net assets was 0.17%, an increase of 17.76% compared to the previous year[7]. - Net profit reached ¥92,422,267.77, a 133.33% increase compared to a net loss of ¥277,302,402.44 in the previous year[16]. - The company reported a net loss of ¥469,348,790.21, improving from a loss of ¥561,542,820.01 in the previous period[28]. - Total operating revenue for Q3 2019 was CNY 122,122,264.94, an increase of 45.9% compared to CNY 83,699,745.34 in the same period last year[35]. - Net profit for Q3 2019 was CNY 1,802,354.56, a significant improvement from a net loss of CNY 229,185,904.78 in Q3 2018[36]. - The company reported a gross profit margin of approximately 3.3% in Q3 2019, compared to a negative margin in the previous year[35]. - The company reported a total comprehensive income of ¥92,422,267.77, recovering from a loss of ¥277,302,402.44[43]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,802,047,690.66, a decrease of 12.40% compared to the end of the previous year[7]. - Total current assets decreased to ¥825,243,518.16 from ¥1,002,385,985.58, a decline of approximately 17.7% year-over-year[26]. - Total non-current assets decreased to ¥976,804,172.50 from ¥1,054,700,859.05, a decline of about 7.4%[26]. - Total liabilities decreased to ¥937,094,691.54 from ¥1,340,431,837.91, a reduction of approximately 30.0%[27]. - The total assets decreased to ¥1,802,047,690.66 from ¥2,057,086,844.63, a decline of approximately 12.4%[26]. - The total liabilities decreased to CNY 425,117,135.68 in Q3 2019 from CNY 575,559,385.07 in the previous year, a decline of 26.1%[33]. - Total liabilities reached ¥575,559,385.07, with current liabilities at ¥545,869,377.22[65]. - The total current liabilities represent approximately 39% of total assets, indicating a significant short-term financial obligation[64]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -957,101.38, a decrease of 98.52% compared to the previous year[7]. - Cash flow from operating activities improved by 98.52%, reducing the net outflow to -¥957,101.38[16]. - Cash inflow from operating activities was 351,149,173.83 CNY, down from 458,555,095.18 CNY in the previous period, indicating a decrease of approximately 23.4%[49]. - The net cash flow from operating activities was -957,101.38 CNY, an improvement from -64,842,779.82 CNY in the previous period[50]. - The net cash flow from investing activities was 36,211,598.60 CNY, compared to 99,715,032.11 CNY in the previous period, reflecting a decrease of about 63.7%[51]. - Total cash outflow from operating activities was 352,106,275.21 CNY, down from 523,397,875.00 CNY in the previous period, a decrease of about 32.7%[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,577[11]. - The largest shareholder, Xuzhou Fengli Technology Development Investment Co., Ltd., held 29.32% of the shares, totaling 208,964,615 shares[11]. Investment and Expenses - Investment income surged by 748.39% to ¥96,843,988.86 following the divestiture of loss-making assets[16]. - Research and development expenses decreased by 49.88% to ¥10,177,271.02 due to asset divestiture[16]. - Research and development expenses decreased to CNY 3,545,015.64 in Q3 2019 from CNY 6,942,695.96 in Q3 2018, a reduction of 48.9%[35]. - The company’s financial expenses decreased to ¥8,139,647.34 from ¥10,088,402.93, indicating improved cost management[40]. Changes in Financial Position - Accounts receivable increased by 78.94% to ¥34,429,936.39 due to increased bill settlements[16]. - Prepayments decreased by 74.84% to ¥32,046,692.06 as a result of asset divestiture[16]. - The company reduced its accounts payable by 52.95% to ¥254,521,880.88 as a result of asset divestiture[16]. - Deferred tax liabilities decreased by 95.51% to ¥292,670.72 due to the divestiture of loss-making assets[16]. - The minority interest increased by 390.33% to ¥70,477,467.48 following the divestiture of loss-making assets[16]. - The company reported an asset impairment loss of CNY 3,794,567.38 in Q3 2019, a significant reduction from CNY 143,509,059.77 in the previous year[36]. - The total assets impairment loss was reported at ¥3,293,209.66, compared to a significant loss of ¥201,376,150.42 in the previous period[42]. Future Outlook - The company has a projected outlook for future growth, focusing on market expansion and new product development strategies[59].