证券代码：300152 证券简称：新动力 雄安新动力科技股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-------------------------|----------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 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 □一对一沟通 | | | | □其他 （请文字说明其他活动内容） | | 形式 | 现场 | □电话会议 | | 参与单位名称 及人员姓名 | 潘登 | 航投集团有限公司董事总经理 范智展 中德证券有限责任 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥26,387,457.86, a decrease of 17.90% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥7,627,446.06, an increase of 60.33% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥8,536,175.42, a decrease of 45.96% compared to the previous year[6]. - The basic earnings per share for Q3 2022 was -¥0.0107, a decrease of 60.37% year-on-year[6]. - Net profit for Q3 2022 was CNY 9,758,227.88, a significant recovery from a net loss of CNY 45,941,580.11 in the previous year[27]. - Basic and diluted earnings per share for the period were CNY 0.0138, compared to a loss of CNY 0.0645 per share in the same quarter last year[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥847,690,396.29, a decrease of 0.91% from the end of the previous year[7]. - The company's total current assets decreased from 426,553,985.29 yuan at the beginning of the year to 390,538,896.46 yuan[22]. - Long-term equity investments decreased from 97,591,311.34 yuan at the beginning of the year to 39,570,721.21 yuan[22]. - Total liabilities decreased to CNY 338,598,292.51 from CNY 365,765,255.68, reflecting a reduction of 7.4%[24]. - The company's total liabilities increased by 40.59% to ¥122,274,240.62 due to increased project receivables[12]. Cash Flow - The cash flow from operating activities for the year-to-date was -¥42,491,511.90, a significant decrease of 483.08%[6]. - The net cash flow from operating activities was -42,491,511.90 yuan, a decrease of 483.08% compared to the same period last year[13]. - Total cash inflow from operating activities was 153,902,384.10, compared to 132,374,939.99 in the same period last year, reflecting an increase of approximately 16.1%[31]. - Cash outflow from operating activities totaled 196,393,896.00, up from 121,282,943.21, indicating a significant increase of about 62.0%[31]. - The net cash flow from investing activities was 68,963,499.52, a recovery from -139,319,193.35 in the previous year[31]. - The net cash flow from financing activities decreased by 46.49% to -19,229,291.86 yuan, mainly due to reduced loan repayments[13]. Investment and Expenses - The company reported an investment income of ¥17,827,039.58, a substantial increase of 1465.91% compared to the previous year[12]. - Research and development expenses for the quarter were CNY 5,361,476.41, compared to CNY 4,599,917.32 in the same period last year, indicating an increase of 16.5%[27]. - The company recorded an asset impairment loss of 407,005.91 yuan, an increase of 122.72% compared to the previous year, attributed to inventory write-downs[13]. - Operating income from non-operating activities increased by 30.44% to 1,295,754.59 yuan, mainly due to penalty income received during the reporting period[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,994[16]. - The largest shareholder, Xuzhou Fengli Technology Development Investment Co., Ltd., holds 21.12% of the shares, with 150,514,615 shares pledged[16].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 103,046,895.66, representing a 20.59% increase compared to CNY 85,453,880.09 in the same period last year[20]. - The net profit attributable to shareholders was CNY 17,497,008.99, a significant turnaround from a loss of CNY 26,716,363.35, marking a 165.49% improvement[20]. - The net profit after deducting non-recurring gains and losses was CNY 564,517.19, compared to a loss of CNY 31,527,177.62, reflecting a 101.79% increase[20]. - The basic earnings per share increased to CNY 0.0245 from a loss of CNY 0.0375, showing a 165.33% improvement[20]. - The company reported a net profit of 4,746,443 yuan for the period, representing a profit margin of approximately 6.99%[58]. - The company reported a net profit of ¥17,503,210.41, a significant turnaround from a net loss of ¥26,716,363.35 in the first half of 2021[138]. - The total comprehensive income for the first half of 2022 was ¥12,808,210.41, a recovery from a loss of ¥20,896,363.35 in the same period of 2021[138]. - The company reported a significant increase in the special reserve, amounting to 84,466,973.93 CNY[153]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 842,273,143.97, a decrease of 1.54% from CNY 855,483,186.77 at the end of the previous year[20]. - The total liabilities decreased to CNY 322,346,057.66 from CNY 365,765,255.68, a decrease of about 11.9%[132]. - The company's total assets amounted to CNY 842,273,143.97, down from CNY 855,483,186.77, reflecting a decrease of approximately 1.5%[132]. - Total non-current assets increased to CNY 465,299,783.32 from CNY 428,929,201.48, marking an increase of approximately 8.5%[131]. - The total equity attributable to shareholders increased to CNY 502,421,149.17 from CNY 489,619,140.18, an increase of approximately 2.0%[132]. - The total equity at the end of the reporting period was 728,000,000.00 CNY[152]. Cash Flow - The company reported a significant negative cash flow from operating activities of CNY -48,903,381.66, compared to a positive cash flow of CNY 321,989.37 in the same period last year, indicating a 15,287.89% decline[20]. - Operating cash inflow for the first half of 2022 was CNY 101,831,197.63, an increase of 21.7% compared to CNY 83,666,844.83 in the first half of 2021[143]. - Net cash outflow from operating activities was CNY -48,903,381.66, a significant decline from CNY 321,989.37 in the same period last year[143]. - Cash and cash equivalents at the end of the period increased to CNY 9,252,190.05 from CNY 2,674,910.88 at the end of the first half of 2021[144]. Research and Development - The company's R&D investment increased by 8.33% to ¥3,118,854.91 from ¥2,879,056.53 in the previous year, reflecting a commitment to innovation[38]. - The company is conducting research on the combustion characteristics of hydrogen and ammonia when mixed with coal and natural gas, aligning with carbon reduction strategies[35]. - The company is actively involved in the research and development of energy-efficient technologies and solutions[60]. - Research and development expenses for the first half of 2022 were 5,000,000.00 yuan, which is 10% of total revenue, highlighting the company's commitment to innovation[148]. Market Strategy and Expansion - The company plans to focus on energy-saving combustion, wastewater treatment, and new energy-related industries, aiming to become a comprehensive environmental service provider[26]. - The company plans to expand its market presence through new product development and technological advancements in the energy sector[60]. - The company is exploring potential acquisition opportunities to further strengthen its market position and diversify its product portfolio[148]. - The company aims to continue expanding its market presence and enhancing product development strategies moving forward[139]. Shareholder and Governance - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, ensuring their legal rights to information and voting are respected[78]. - The company has appointed new executives, including a new secretary of the board and two deputy general managers, to strengthen its management team[73]. - The controlling shareholder, Xuzhou Fengli, holds 150,514,615 shares, accounting for 21.12% of the total share capital, with all shares judicially frozen[92]. - The company has not implemented any employee incentive plans during the reporting period, indicating a focus on operational efficiency without additional equity dilution[74]. Risks and Challenges - The company is facing increased competition in the environmental protection industry, driven by market demand and supportive national policies, which may lead to both challenges and opportunities[63]. - The company anticipates potential risks related to rising production costs due to increasing prices of materials and labor in the environmental protection sector[66]. Financial Reporting and Compliance - The financial report for the first half of 2022 has not been audited[128]. - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position, operating results, changes in equity, and cash flows accurately[167]. - The company has established a comprehensive accounting policy framework, although no specific accounting policies or estimates were highlighted in the report[166].

Financial Performance - The company's operating revenue for 2021 was ¥176,403,460.03, a decrease of 65.74% compared to ¥514,946,526.12 in 2020[18]. - The net profit attributable to shareholders for 2021 was -¥266,523,382.00, representing a decline of 2,151.53% from ¥12,991,452.14 in 2020[18]. - The net cash flow from operating activities was -¥70,465,087.14, a decrease of 187.92% compared to ¥80,150,246.88 in 2020[18]. - The total assets at the end of 2021 were ¥855,483,186.77, down 28.08% from ¥1,189,573,163.81 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 34.70% to ¥489,619,140.18 at the end of 2021 from ¥749,842,522.18 at the end of 2020[18]. - The basic earnings per share for 2021 was -¥0.3739, a decline of 2,154.40% from ¥0.0182 in 2020[18]. - The weighted average return on net assets was -43.23% in 2021, down 44.94% from 1.71% in 2020[18]. - The company reported a significant drop in revenue from its main business, with the adjusted operating revenue being ¥172,382,746.48 in 2021 compared to ¥492,860,740.02 in 2020[20]. - Total revenue for 2021 was ¥176,403,460.03, a decrease of 65.74% compared to ¥514,946,526.12 in 2020[43]. - The clean combustion and boiler energy efficiency segment generated ¥168,293,987.24, accounting for 95.40% of total revenue, down 48.82% from ¥328,849,710.04 in 2020[43]. - The waste-to-energy segment's revenue was ¥8,109,472.79, representing a significant decline of 88.75% from ¥72,082,861.56 in the previous year[43]. - The company reported a gross margin of 24.79% for the energy-saving and environmental protection industry, down 5.70% from the previous year[46]. Cash Flow and Investments - The net cash flow from operating activities turned negative at -¥70,465,087.14, a decline of 187.92% compared to the previous year[64]. - Investment cash inflow dropped by 97.12% to ¥3,664,433.65, while cash outflow increased by 120.74% to ¥59,877,912.73[64]. - Net cash flow from investing activities decreased by 156.26% to -¥56,213,479.08[65]. - Financing cash inflow fell by 79.74% to ¥10,020,000.00, with cash outflow decreasing by 57.19% to ¥48,111,939.19[64]. - Total cash and cash equivalents decreased by 240.65% to -¥164,770,505.41[64]. - The total investment during the reporting period was 140 million CNY, a significant increase of 27,900% compared to 500,000 CNY in the same period last year[77]. Research and Development - The company has ongoing major R&D projects aimed at developing new combustion technologies, which are expected to enhance market share and revenue upon commercialization[59]. - R&D investment in 2021 amounted to ¥6,625,826.97, representing 3.76% of operating revenue, an increase from 2.18% in 2020[62]. - The company has reported significant investments in research and development for new technologies[86]. - The company has established a strong R&D team, enhancing its competitive edge in technology innovation[35]. - The number of R&D personnel decreased by 20% from 50 in 2020 to 40 in 2021, with a slight increase in the proportion of bachelor's degree holders[60]. Business Operations and Strategy - The company is positioned in the energy sector, with a focus on green and low-carbon transformation, aligning with national policies aimed at enhancing energy security and promoting clean energy consumption[27]. - The company aims to leverage its expertise in VOCs treatment to expand its market share in the fine chemical industry, focusing on waste gas and waste liquid treatment[29]. - The company’s main business includes energy-saving combustion, wastewater treatment, and hazardous waste management, positioning itself as a comprehensive environmental service provider[30]. - The company is actively involved in the development of low-nitrogen combustion equipment, driven by increasing environmental regulations in the petrochemical industry[29]. - The company’s strategy includes capitalizing on the growing demand for waste-to-energy projects and the renovation of existing facilities in the solid waste disposal market[29]. - The company is focused on achieving "carbon peak and carbon neutrality" goals, promoting its energy-saving and pollution control technologies in relevant regions[92]. - The company is exploring potential mergers and acquisitions to strengthen its market position[126]. Corporate Governance - The company emphasizes information disclosure, ensuring that all shareholders have equal access to information through designated media[115]. - The company maintains independence in business operations, asset ownership, personnel management, and financial decision-making from the controlling shareholder[117][118][119][121]. - The company has established a sound corporate governance structure, with clear roles and responsibilities for its decision-making bodies[120]. - The board of directors consists of 7 members, including 3 independent directors, and operates in accordance with relevant regulations[111]. - The supervisory board is composed of 3 members, including 1 employee representative, ensuring compliance with legal requirements[112]. - The company has a structured remuneration system for directors and senior management based on performance evaluations approved by the shareholders' meeting[139]. - The total remuneration for directors, supervisors, and senior management is disclosed in the annual report, ensuring transparency[139]. Environmental Compliance - The company has implemented pollution control facilities including SNCR denitrification system, semi-dry desulfurization system, activated carbon injection system, and bag filter system, all of which are operational and meet the emission standards[176]. - The company received environmental impact assessment approval in July 2009 and passed environmental acceptance inspection in February 2017[173]. - There were no administrative penalties due to environmental issues during the reporting period[177]. - The company has developed an emergency response plan for environmental incidents and filed it with the local environmental protection bureau[174]. - The company has established a monitoring plan for wastewater and air emissions, adhering to national and industry standards[175]. Risks and Challenges - The company has acknowledged risks in its future development and has outlined corresponding countermeasures in its management discussion[5]. - The company faces risks related to rising production costs, including labor and material prices, which could impact profitability[102]. - The company has established a comprehensive accounts receivable management system to mitigate risks associated with increasing receivables[103]. - The independent directors expressed their agreement with the audit report and emphasized the need for the board to take effective measures to address the issues raised in the audit[198]. Shareholder Relations - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, through improved corporate governance[179]. - The company is committed to transparency and effective communication with stakeholders, as evidenced by the regular disclosures made[148]. - The company held one annual general meeting and two extraordinary general meetings during the reporting period, ensuring compliance with legal and regulatory requirements[110].

Financial Performance - The company's operating revenue for Q1 2022 was ¥56,825,270.86, representing a 125.09% increase compared to ¥25,245,077.40 in the same period last year[7] - The net profit attributable to shareholders was ¥1,954,598.12, a significant turnaround from a loss of ¥9,452,427.31 in the previous year, marking a 120.68% improvement[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥933,107.78, compared to a loss of ¥10,721,946.15 last year, reflecting a 108.70% increase[7] - Basic and diluted earnings per share improved to ¥0.0027 from a loss of ¥0.0133, representing a 120.30% increase[7] - The company reported an operating profit of CNY 1,251,668.84, a turnaround from an operating loss of CNY 8,892,586.28 in the previous year[28] - Net profit for Q1 2022 was CNY 1,954,862.30, compared to a net loss of CNY 9,452,427.31 in Q1 2021[28] - The company reported a comprehensive income total of CNY -3,595,137.70 for Q1 2022, compared to CNY -9,452,427.31 in the same period last year[29] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of ¥48,610,324.70, a decline of 1,313.50% from a positive cash flow of ¥4,005,801.92 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY 48,610,324.70, contrasting with a net inflow of CNY 4,005,801.92 in Q1 2021[32] - The net cash flow from investment activities was -140,446,988.00 CNY, with a total cash outflow of 141,446,988.00 CNY[33] - The net cash flow from financing activities was -8,484,366.97 CNY, with total cash outflow of 8,484,366.97 CNY[33] - The net increase in cash and cash equivalents was 10,451,368.48 CNY, compared to a decrease of 144,925,553.05 CNY in the previous period[33] - The ending balance of cash and cash equivalents was 13,420,444.44 CNY, down from 22,814,028.32 CNY in the previous period[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥852,193,452.41, a slight decrease of 0.38% from ¥855,483,186.77 at the end of the previous year[7] - The total assets of the company at the end of the first quarter of 2022 amounted to ¥852,193,452.41, a slight decrease from ¥855,483,186.77 at the beginning of the year[23] - Total liabilities as of the end of Q1 2022 were CNY 366,070,659.02, slightly up from CNY 365,765,255.68 at the end of the previous year[24] - The total equity attributable to shareholders of the parent company was CNY 486,023,738.30, down from CNY 489,619,140.18 in the previous year[24] - The total current liabilities increased slightly to ¥340,080,881.06 from ¥338,671,159.21, indicating a marginal rise of 0.4%[23] Investments and Expenses - Research and development expenses rose by 40.96% to ¥1,769,638.91, indicating increased investment in innovation[13] - The company generated CNY 72,473,600.00 from investment activities, significantly higher than CNY 1,000,000.00 in the previous year[32] - The company reported a significant increase in other income, with operating income rising to ¥1,290,112.61, up 9,181.39% from ¥13,900.00 in the previous year[13] - The company reported a significant increase in other receivables, rising to ¥29,484,257.02 from ¥9,192,875.72, which is an increase of approximately 220%[22] - The company's long-term equity investments decreased to ¥39,591,311.34 from ¥97,591,311.34, a decline of about 59.5%[22] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 55,845[15] - The company had a total of 176,000 restricted shares released during the quarter, previously held by executives[18] Other Information - The company announced a restructuring of its wholly-owned subsidiary, resulting in a 20% equity stake in Zhucheng Baoyuan, which will no longer be included in the consolidated financial statements[19] - The company’s first quarter report was not audited[34]

Financial Performance - The company's operating revenue for Q3 2021 was ¥32,142,124.30, a decrease of 67.07% compared to the same period last year[5] - The net profit attributable to shareholders was -¥19,225,216.76, representing a decline of 1,110.31% year-over-year[5] - The basic earnings per share for the period was -¥0.0270, down 1,250.00% from the previous year[6] - Total operating revenue for Q3 2021 was CNY 117,596,004.39, a decrease of 56.9% compared to CNY 272,587,801.82 in the same period last year[23] - Net loss for Q3 2021 amounted to CNY 45,941,580.11, compared to a net loss of CNY 33,642,949.87 in Q3 2020, representing a 36.5% increase in losses[24] - The basic and diluted earnings per share for Q3 2021 were both CNY -0.0645, compared to CNY -0.048 in the same quarter last year[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,157,919,550.73, a decrease of 2.66% from the end of the previous year[6] - The company's total assets decreased to CNY 1,157,919,550.73 from CNY 1,189,573,163.81, reflecting a decline of 2.7%[22] - Total liabilities increased slightly to CNY 449,518,608.66 from CNY 439,730,641.63, marking a 2% rise[21] - The total equity attributable to shareholders decreased to CNY 708,400,942.07 from CNY 749,842,522.18, a decline of 5.5%[22] Cash Flow - The total net cash flow from operating activities for the year-to-date was ¥11,091,996.78, down 84.16% compared to the previous year[5] - The company reported a net cash flow from operating activities of ¥11,091,996.78, a decrease of 84.16% compared to ¥70,007,506.84 in the same period last year[12] - The net cash flow from investing activities was -¥139,319,193.35, a decline of 234.31% from ¥103,726,676.14 in the previous year, primarily due to investments in an energy conservation industry fund[12] - The net cash flow from financing activities decreased to -¥35,935,641.97, a reduction of 24.39% compared to -¥47,526,401.40 in the same period last year, attributed to reduced interest expenses on loans[12] - The net cash flow from operating activities was 11,091,996.78, a decrease of 84.2% compared to 70,007,506.84 in the previous period[28] - The net cash flow from financing activities was -35,935,641.97, compared to -47,526,401.40 in the previous period, showing an improvement[29] Investments and Expenses - The company recorded a decrease in investment income of 69.04%, amounting to ¥1,138,446.75, due to the absence of gains from subsidiary disposals compared to the previous year[11] - Research and development expenses for Q3 2021 were CNY 4,599,917.32, down 52.8% from CNY 9,743,516.26 in the previous year[23] - The company reported a significant increase in other equity instrument investments, which surged by 3,615.97% to ¥148,000,166.35[10] Current Assets and Inventory - As of September 30, 2021, total current assets were ¥502,132,845.22, down from ¥660,280,262.09 at the end of 2020[19] - The company had cash and cash equivalents of ¥14,361,682.66, significantly lower than ¥179,775,885.60 at the end of the previous year[19] - Accounts receivable increased by 143.70% to ¥76,908,128.09, primarily due to an increase in accepted bills[10] - Inventory rose by 30.01% to ¥127,267,385.62, attributed to an increase in uncompleted orders[10] - Accounts receivable decreased to ¥148,373,835.04 from ¥201,241,709.31 in the previous year, indicating a reduction in credit sales[19] - Inventory increased to ¥127,267,385.62 from ¥97,890,367.07, reflecting a rise in stock levels[19] Other Financial Metrics - The company reported an increase in credit impairment losses of 168.61%, amounting to ¥3,833,404.52, due to an increase in the recovery of receivables[12] - Asset disposal gains rose by 131.56% to ¥1,306,382.04, compared to a loss in the same period last year[12] - The company's cash flow from operating activities showed a significant decline, impacting liquidity and operational flexibility[26] - The company did not adjust the beginning balance sheet items due to the new leasing standards, citing minimal impact[30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥85,453,880.09, a decrease of 51.17% compared to ¥174,994,928.74 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was -¥26,716,363.35, an improvement of 18.15% from -¥32,641,810.74 in the previous year[17]. - The net cash flow from operating activities was ¥321,989.37, down 99.11% from ¥36,337,528.40 in the same period last year[17]. - The total assets at the end of the reporting period were ¥1,118,682,558.63, a decrease of 5.96% from ¥1,189,573,163.81 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥728,946,158.83, down 2.79% from ¥749,842,522.18 at the end of the previous year[17]. - The basic earnings per share for the reporting period was -¥0.037, an improvement of 19.57% from -¥0.046 in the same period last year[17]. - The diluted earnings per share for the reporting period was also -¥0.037, reflecting the same percentage improvement as the basic earnings per share[17]. - The weighted average return on net assets was -3.63%, an improvement of 0.53% from -4.16% in the previous year[17]. - The gross profit margin for the net combustion and boiler energy-saving efficiency segment was 31.20%, with a year-on-year increase of 14.95%[45]. - The company reported a net increase in cash and cash equivalents of -¥165,064,670.49, a decrease of 3,348.22% compared to -¥4,786,950.77 in the previous year, primarily due to investments in a fund company[43]. Investment and Capital Structure - The company made significant investments totaling ¥140,000,000.00 during the reporting period, a substantial increase of 6,241.15% compared to the previous year[56]. - The company established a joint venture with Beijing Huayang Wind Technology Co., Ltd. with a registered capital of ¥100,000,000.00, where the company holds an 85% stake[57]. - The company has a total of 338 national invention patents and has established a strong research and development team, enhancing its core competitiveness in technology innovation[37]. - The company plans to strengthen its research capabilities by attracting high-level talent and collaborating with universities and research institutions[35]. - The company has a commitment to distribute at least 10% of the current year's distributable profits in cash dividends, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over the last three years[106]. Market Position and Strategy - The company is positioned in the energy-saving combustion, wastewater treatment, and waste-to-energy sectors, with a strategic focus on hazardous waste construction and hydrogen energy[27]. - The company aims to align with national policies promoting a green, low-carbon economy, which is expected to enhance demand for its energy-saving and environmental protection solutions[25]. - The market for low-nitrogen combustion equipment is projected to grow significantly due to increased environmental regulations in the petrochemical industry[26]. - The company plans to expand its business model from merely providing products to offering comprehensive solutions, targeting major domestic power enterprises and the petrochemical sector[32]. - The company is focusing on the integration of capital and industry to become a comprehensive environmental service provider[28]. - The company anticipates increased demand for waste treatment solutions, particularly in the context of achieving carbon peak and carbon neutrality goals[32]. - The company is committed to enhancing its market share through technological advancements in VOCs treatment and comprehensive waste management solutions[26]. Research and Development - The company has developed a key technology for liquid slag cyclone combustion of high-alkali coal, which has received recognition from major institutions, laying a solid foundation for future applications[38]. - The company has successfully tested a low-NOx gas burner that achieves NOx emissions of less than 30 mg/Nm³ without external flue gas recirculation, addressing efficiency issues associated with traditional methods[39]. - The company has developed various types of low-NOx burners for heating furnaces, meeting the requirement of NOx emissions below 50 mg/Nm³, in line with domestic emission standards[40]. - The company's research and development investment decreased by 57.46% to ¥2,879,056.53 from ¥6,767,474.62 in the previous year, also attributed to the reduction in the scope of consolidation[43]. Operational Challenges - The company faces risks from increased competition in the environmental protection industry, driven by market demand and supportive national policies[73]. - The company is addressing the risk of rising production costs due to increasing prices of materials and labor in the environmental protection sector[76]. - The company has implemented a robust accounts receivable management system to mitigate risks associated with growing accounts receivable as its main business expands[77]. - The overall financial performance indicates a need for strategic adjustments to improve profitability across subsidiaries[66]. Corporate Governance and Compliance - The company has established a governance structure that includes various committees to enhance decision-making and oversight[91]. - The company adheres to the principle of "lawful and honest taxation," ensuring compliance with tax laws and timely payment of taxes, contributing significantly to local economic development[95]. - The company strictly follows national labor laws, providing various employee benefits including meal subsidies and holiday gifts, while ensuring the protection of employee rights[96]. - The company has not engaged in any related party transactions during the reporting period[112]. Shareholder Information - The total number of shares is 712,800, with no changes in the number of shares during the reporting period[131]. - The total number of ordinary shareholders at the end of the reporting period is 53,423[135]. - The largest shareholder, Xuzhou Fengli Technology Development Investment Co., Ltd., holds 150,514,615 shares, accounting for 21.12% of total shares[136]. - The second-largest shareholder, Great Wall Securities Co., Ltd., holds 58,450,000 shares, representing 8.20% of total shares[136]. Future Outlook - The company aims to enhance its market position through strategic investments and potential mergers and acquisitions in the environmental technology sector[186]. - The financial report indicates a need for restructuring and strategic planning to address the declining performance and enhance shareholder value[186]. - The company is focusing on the development of new technologies and products to improve operational efficiency and market competitiveness[186].

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, an increase of 101.36%[15] - The net cash flow from operating activities was ¥35,328,731.43, a turnaround of 204.01% 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, a decrease of 13.47% from ¥2,021,217,521.65 in 2018[15] - The net assets attributable to shareholders increased by 14.40% to ¥756,440,247.35 from ¥661,248,774.94 in 2018[15] - The basic earnings per share for 2019 was ¥0.0099, recovering from a loss of ¥0.7247 per share in 2018, an increase of 101.37%[15] - The weighted average return on equity was 1.05%, a significant improvement from -55.92% in the previous year[15] - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to -¥93,497,112.08, but this was an improvement of 80.53% from -¥480,211,464.12 in 2018[15] - The company has not experienced consecutive losses in the last two years[16] Revenue Growth - In Q1 2019, the company reported revenue of approximately ¥77.45 million, which increased to ¥179.28 million in Q4 2019, showing a significant growth of 130.7% quarter-over-quarter[17] - The waste-to-energy segment saw a revenue increase of 97.63% to CNY 58.25 million, while the water treatment segment grew by 16.36% to CNY 210.45 million[51] Strategic Initiatives - 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 acquisition of a 49% stake in Hebei Xiong'an Lizi Environmental Technology Co., which is expected to generate nearly ¥50 million in annual revenue, supports the company's strategic expansion in Xiong'an New Area[27] - The company is investing approximately ¥500 million in a hydrogen energy project, which includes the construction of a production facility covering 200 acres, aimed at reducing reliance on traditional energy sources[28] - The company aims to strengthen core competitiveness across various business areas to form an ecological industrial chain[43] - The company plans to enhance financial management by improving accounts receivable collection and accelerating cash flow[46] Research and Development - The company has been recognized as a national high-tech enterprise and has received 10 patent authorizations in 2019, totaling 89 effective patents[38] - Research and development expenses decreased by 48.65% to CNY 16.25 million, attributed to the divestiture of non-performing assets[60] - The company developed a fully automatic ultra-low nitrogen integrated burner, completing models of 2.1MW, 3.3MW, 4.2MW, and 7MW by December 31, 2019[62] - The company is actively involved in the research and development of energy-saving and environmental protection technologies, enhancing its competitive edge in the market[84] Financial Management - The company has established an independent financial department and accounting system to ensure proper financial management[102] - The company has committed to maintaining the independence of its assets, personnel, and financial management, ensuring no misuse of company resources[102] - The company aims to promote long-term development by not distributing profits this year, ensuring more stable and sustainable returns for investors[99] Governance and Compliance - The company has acknowledged the need for improved information disclosure processes to enhance compliance with regulations[109] - The company received a non-standard audit report due to related party transactions and has taken corrective measures as mandated by the Jiangsu Securities Regulatory Bureau[111] - The independent directors support the company's measures to address the audit report issues and emphasize the importance of maintaining investor interests[115] - The company has not reported any new product launches or technological advancements in the current reporting period[1] Shareholder Structure - The controlling shareholder, Xuzhou Fengli, holds 208,964,615 shares, accounting for 29.32% of the total share capital, with 202,867,400 shares pledged and all shares judicially frozen[124] - The company has a diverse board with members having backgrounds in finance, law, and management, enhancing its governance structure[165] - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period, reflecting stability in shareholder commitments[154] Operational Efficiency - The company has implemented measures to stabilize its financial performance, with a focus on increasing operational efficiency[79] - The company has established a performance evaluation and incentive mechanism for senior management, linking their compensation closely to net profit and target completion, enhancing their initiative and accountability[190] - The company has not identified any risks during the supervisory activities of the supervisory board in the reporting period[189] Future Outlook - The company has outlined its future outlook, emphasizing sustainable growth and innovation in its core business areas[79] - The company plans to continue expanding its market presence and project development in 2020, focusing on sustainable growth in its core environmental services[93]

Financial Performance - The company's operating revenue for Q1 2021 was ¥25,245,077.40, representing a decrease of 44.15% compared to ¥45,202,080.98 in the same period last year[7]. - The net profit attributable to shareholders was -¥9,452,427.31, an improvement of 58.72% from -¥22,895,987.56 year-on-year[7]. - The basic earnings per share improved to -¥0.0133 from -¥0.0321, reflecting a 58.57% increase[7]. - Total operating revenue for the first quarter was CNY 25,245,077.40, a decrease of 44.1% compared to CNY 45,202,080.98 in the previous period[50]. - The net loss attributable to the parent company was CNY 9,452,427.31, compared to a net loss of CNY 22,895,987.56 in the same period last year[52]. - The total comprehensive income attributable to the parent company was CNY -9,452,427.31, compared to CNY -22,895,987.56 in the previous period[53]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 78.71%, amounting to ¥4,005,801.92 compared to ¥18,813,695.07 in the previous year[7]. - The company's cash and cash equivalents decreased from ¥179,775,885.60 on December 31, 2020, to ¥34,649,128.28 on March 31, 2021, representing a decline of approximately 80.7%[40]. - The total cash and cash equivalents at the end of the period were CNY 44,671,952.82, compared to CNY 22,814,028.32 at the beginning of the period[62]. - The net cash flow from operating activities for the current period is ¥146,106,428.35, a significant increase from ¥10,998,081.80 in the previous period, representing a growth of approximately 1232%[63]. - Total cash inflow from operating activities is ¥180,287,061.47, compared to ¥49,202,426.00 in the previous period, indicating a rise of about 266%[63]. - Cash outflow from operating activities decreased to ¥34,180,633.12 from ¥38,204,344.20, showing a reduction of approximately 10.6%[63]. - The net cash flow from investing activities is -¥140,063,380.00, compared to -¥17,798.00 in the previous period, reflecting a decline of about 785,000%[65]. - Cash outflow for investment activities totaled ¥140,063,380.00, a significant increase from ¥17,798.00 in the previous period[65]. - Cash flow from financing activities resulted in a net outflow of -¥7,528,866.97, compared to -¥10,844,185.74 in the previous period, indicating an improvement of approximately 30%[65]. - The ending balance of cash and cash equivalents is ¥1,086,309.59, up from ¥667,585.78 in the previous period, representing an increase of about 62.5%[65]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,172,501,024.93, a decrease of 1.44% from ¥1,189,573,163.81 at the end of the previous year[7]. - The net assets attributable to shareholders decreased by 1.26%, totaling ¥740,390,094.87 compared to ¥749,842,522.18 at the end of the previous year[7]. - The total liabilities decreased from ¥439,730,641.63 to ¥432,110,930.06, a reduction of about 1.6%[42]. - The company's total equity decreased to CNY 681,916,377.42 from CNY 685,798,668.58, a decline of 0.5%[48]. - Accounts receivable decreased by 14.14% to CNY 172,783,959.80, attributed to the implementation of new revenue recognition standards[17]. - Accounts receivable decreased from ¥201,241,709.31 to ¥172,783,959.80, a reduction of about 14.1%[40]. - The company's inventory increased from ¥97,890,367.07 to ¥116,656,608.68, reflecting an increase of approximately 19.2%[40]. - The company reported an increase in contract assets from ¥42,601,968.95 to ¥44,117,755.35, an increase of about 3.5%[40]. Investments and Future Plans - The company established a joint venture with Beijing Huayang Wind Technology Co., Ltd. for the construction and operation of centralized charging facilities for electric bicycles, with a registered capital of CNY 100,000,000.00[20]. - The company plans to raise a total of CNY 150,000,000.00 for an environmental industry fund, with a total commitment of CNY 15,000,000.00 from the company[19]. - The company signed an EPC+O contract for a green mining cement material production line project with a total contract value of CNY 12,500,000.00[24]. - The company aims to expand its market presence in the energy-saving and emission-reduction technology sectors, focusing on comprehensive solutions for major clients in the power and petrochemical industries[22]. - The company is committed to enhancing its research capabilities by integrating resources from universities and research institutions, and increasing funding for core technology and renewable energy research[23]. - The company anticipates increased demand for low-nitrogen combustion equipment due to stricter environmental regulations in the petrochemical industry[21]. Risks and Challenges - The company faces risks related to industry competition, with potential new entrants increasing market challenges[26]. - The company is addressing the risk of rising production costs due to increases in domestic prices and labor costs[29]. - The company has established a comprehensive accounts receivable management system to mitigate risks associated with growing accounts receivable[30]. - The company is focusing on enhancing its professional competitiveness in response to higher demands in the environmental protection industry[27]. Other Information - The total number of shareholders at the end of the reporting period was 57,686[11]. - The largest shareholder, Xuzhou Fengli Technology Development Investment Co., Ltd., holds 21.12% of the shares, totaling 150,514,615 shares[11]. - The company did not adjust the beginning balance sheet items due to the new leasing standards, citing minimal impact[66]. - The first quarter report was not audited[67].

Financial Performance - The company's operating revenue for 2020 was CNY 514,946,526, representing a slight increase of 0.30% compared to CNY 513,408,320 in 2019[16]. - Net profit attributable to shareholders for 2020 was CNY 12,991,452.1, an increase of 84.66% from CNY 7,035,498.48 in 2019[16]. - The net profit excluding non-recurring gains and losses was CNY 7,231,353.81, reflecting a growth of 107.73% compared to the previous year[16]. - Cash flow from operating activities increased by 126.87% to CNY 80,150,246.8 from CNY 35,328,731.4 in 2019[16]. - Basic earnings per share for 2020 were CNY 0.0182, up 83.84% from CNY 0.0099 in 2019[16]. - The weighted average return on equity was 1.71% for 2020, an increase from 1.43% in 2019[16]. - Total assets at the end of the reporting period were CNY 1,784,800,800, a decrease of 31.99% compared to the previous year[17]. - Net profit attributable to shareholders was CNY 800,564,062, reflecting a decrease of 0.87% from the previous year[17]. - In Q4 2020, the company reported a net profit of CNY 47,221,719, a significant recovery from losses in the first three quarters[19]. - The company generated operating revenue of CNY 242,358,724 in Q4 2020, contributing to a total annual revenue of CNY 514,946,524[19]. Operational Developments - The company is focused on expanding its market presence and enhancing its product offerings in the environmental technology sector[4]. - The company is involved in various environmental services, including energy-saving combustion, wastewater treatment, and waste incineration power generation[26]. - The company has completed the construction of an economical hydrogen refueling station, pending government approval for operation[32]. - The company is expanding into hazardous waste treatment, with a project in Shanxi Province utilizing waste incineration fly ash[30]. - The company aims to become a comprehensive environmental service provider by integrating capital with its industry capabilities[26]. - The company has developed a comprehensive treatment process for waste gas and waste liquid incineration, which has entered the engineering promotion stage, with contracts signed for two major projects[39]. - The gas ultra-low nitrogen combustion technology achieved normal NOx emissions of 15-30 mg/m³, distinguishing itself from mainstream flue gas external circulation technologies[40]. - The company is involved in a national key research project focused on the combustion technology of high-alkali coal, with expected completion of ignition test verification by April-May 2021[38]. Cash Flow and Investments - Cash and cash equivalents rose by 88.07% compared to the beginning of the period, mainly due to the recovery of investment funds from disposed subsidiaries[35]. - Contract assets increased by 95.95% compared to the beginning of the period, attributed to the implementation of new revenue recognition standards[35]. - The net cash flow from operating activities increased by 126.87% year-on-year, reaching ¥80,150,246.88, primarily due to the recovery of receivables and reduced operating expenses[69]. - The net cash flow from investing activities surged by 236.10% year-on-year to ¥99,919,719.27, mainly attributed to the disposal of subsidiaries and recovery of equity investment funds[70]. - The net cash flow from financing activities improved by 9.32% year-on-year, resulting in a net outflow of ¥62,924,506.57, primarily due to the repayment of short-term and long-term borrowings[70]. Research and Development - Research and development expenses for 2020 were ¥11,249,060.84, a decrease of 30.77% compared to ¥16,249,423.91 in 2019[61]. - R&D investment as a percentage of operating revenue was 2.18% in 2020, down from 3.17% in 2019[66]. - The company is involved in a key national R&D project focused on high-alkali coal combustion technology, expected to complete ignition tests by April-May 2021[62]. - The company has introduced a new waste management system that is projected to reduce operational costs by 10%[87]. - The company plans to invest in advanced sewage treatment technologies and recruit top talent to strengthen its research capabilities in wastewater and hazardous waste treatment[98]. Corporate Governance and Compliance - The company has committed to maintaining independent operations, including financial independence and asset integrity, as part of its governance structure[114]. - The independent directors have reviewed the financial report and the audit report, affirming that the audit report accurately reflects the company's current situation and urging management to take effective measures to address related issues[123]. - The company received an administrative penalty from the China Securities Regulatory Commission for inflating 2017 profits by CNY 7,178,800.95 through the alteration of project debugging report dates[133]. - The company established a special team for a comprehensive self-inspection following the penalty, correcting accounting errors from 2015 to 2019[134]. - The company has changed its accounting policy in accordance with new financial instrument standards issued by the Ministry of Finance, effective April 9, 2020[129]. Market Position and Strategy - The company plans to leverage opportunities in the energy and environmental protection sectors, particularly in low-nitrogen combustion equipment and waste treatment technologies[48]. - The company aims to enhance its product offerings and market reach by transitioning from merely providing products to offering comprehensive solution designs and system integration services[96]. - The company is actively pursuing strategic partnerships with major domestic power enterprises to meet their green transformation needs, thereby expanding its business scale and enhancing profitability[96]. - The company anticipates increased competition in the environmental sector due to the entry of state-owned enterprises and private capital, which may challenge its market position[99]. - The company is focusing on optimizing its technology for organic waste gas treatment, leveraging its expertise to capture market share in the fine chemical industry[94]. Shareholder and Equity Information - The company reported a total distributable profit of -594,988,773.60 yuan, resulting in no cash dividends or stock bonuses for the year 2020[109]. - The company has not implemented any profit distribution or capital reserve transfer plans for the past three years, including 2020, 2019, and 2018[111]. - The company’s controlling shareholder's stock pledge and freeze status may affect the disposal progress of shares, posing a risk of change in actual control[134]. - The company has not reported any major related party transactions during the reporting period[140]. - The total number of shares after the recent changes is 712.80 million, with 99.93% being unrestricted shares[161]. Management and Employee Structure - The total number of employees in the company is 309, with 278 from major subsidiaries[191]. - The company has a diverse employee structure, with 153 production staff, 86 technical staff, and 27 sales staff[191]. - The company organized a total of 4,109 training hours, benefiting 572 employees in various training programs[193]. - The current management team includes a diverse background with members holding advanced degrees and extensive experience in finance and law, enhancing the company's governance[182][184]. - The company maintains a market-oriented salary system, linking performance closely with individual compensation[192].