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].

证券代码：300152 证券简称：科融环境 公告编号：2021-036 雄安科融环境科技股份有限公司 关于参加河北辖区上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续性发展等投资者所关心的问题，公司定于2021年5月24 日（周一）下午15:50-17:00参加由河北证监局主办，河北上市协会、深圳市全 景网络有限公司协办的"河北辖区上市公司网上集体业绩说明会"活动，现将有 关事项公告如下： 网上集体业绩说明会将在深圳市全景网络有限公司提供的"全景•路演天下" 平台举行，投资者可以登陆"河北辖区上市公司投资者关系互动平台" （（http://rs.p5w.net）参与交流。 出席本次年度网上集体业绩说明会的人员有：公司董事长毛军亮先生、总经 理程芳芳女士、副总经理兼董事会秘书宗冉先生、财务总监张猛先生。 欢迎广大投资者积极参与。 特此公告 雄安科融环境科技股份有限公司 董 事 会 二〇二一年五月十八日 ...

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, an increase of 84.66% from CNY 7,035,498 in 2019[16]. - The net profit excluding non-recurring gains and losses was CNY 7,231,354, showing a significant improvement of 107.73% compared to a loss of CNY 93,497,112 in 2019[16]. - Cash flow from operating activities increased by 126.87% to CNY 80,150,247 from CNY 35,328,731 in 2019[16]. - Basic and diluted 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 for 2020 was 1.93%, an increase from 1.06% in 2019[16]. - The company's total revenue for the reporting period was RMB 514.95 million, an increase of 0.30% compared to the previous year[49]. - Operating costs decreased by 5.02% to RMB 357.95 million, while sales expenses dropped by 22.83% to RMB 18.20 million[49]. - The net profit attributable to the parent company was RMB 12.99 million, representing a significant growth of 84.66% year-on-year[49]. Cash Flow and Investments - Cash and cash equivalents rose by 88.07% primarily from the recovery of investment funds after disposing of subsidiaries[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[70]. - The net cash flow from investing activities surged by 236.10% year-on-year to ¥99,919,719.27, mainly attributed to the recovery of equity investment funds from subsidiary disposals[71]. - 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[71]. Operational Challenges and Adjustments - The company has acknowledged the need for adjustments in previous financial data due to regulatory penalties, impacting the 2017 profit figures[15]. - The company faced operational challenges due to the COVID-19 pandemic, affecting supply chain logistics and project execution, particularly for overseas projects[43]. - The company has established a special team to conduct a comprehensive self-examination following the regulatory findings[15]. Environmental Initiatives - The company is involved in multiple environmental services, including energy-saving combustion, wastewater treatment, and waste incineration power generation[26]. - The company aims to become a comprehensive environmental service provider by integrating capital with its core technologies[26]. - The company is focusing on sustainable practices, including the management of non-metallic waste and water resource allocation, to align with environmental regulations and market demands[88]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and enhance technological capabilities in the environmental sector[88]. Research and Development - The company holds 338 national invention patents and has established a strong R&D team, enhancing its technological innovation capabilities[36]. - The ongoing R&D project on high-alkali coal liquid slag cyclone combustion technology is expected to complete ignition verification by April-May 2021[38]. - Research and development efforts are focused on new technologies in waste management and energy efficiency, with an investment of 100,000,000 CNY allocated for these initiatives[87]. Corporate Governance and Compliance - The company has committed to maintaining an independent and complete asset management system, ensuring no misuse of funds or resources[114]. - The company guarantees that its senior management will not hold positions or receive salaries from other companies controlled by it, ensuring personnel independence[114]. - The company has established an independent financial department and accounting system to ensure financial independence[115]. - The company has not proposed any cash dividend distribution plan despite having positive profits available for distribution[113]. Market Position and Customer Base - The total sales amount from the top five customers is ¥103,502,652.91, accounting for 20.10% of the annual total sales[60]. - The largest customer, State Grid Shandong Electric Power Company Weifang Supply Company, contributed ¥27,963,576.07, representing 5.43% of the annual total sales[60]. - User data indicates that the company has engaged in various projects, including waste incineration and water pollution treatment, contributing to a diversified service portfolio[88]. Future Outlook - Future guidance suggests a projected revenue increase of 14% in the upcoming fiscal year, driven by new contracts and market expansion strategies[87]. - The company plans to expand its market presence by enhancing its product offerings in renewable energy and environmental management solutions, aiming for a growth rate of 75% in new projects[87]. - The company is exploring opportunities in the clean energy sector, particularly in hydrogen energy, as part of its strategic growth initiatives[94].

Financial Performance - The company's operating revenue for 2015 was ¥998,788,300.88, representing an increase of 18.55% compared to ¥842,523,041.37 in 2014[22]. - The net profit attributable to shareholders of the listed company decreased by 90.50% to ¥4,047,649.18 from ¥42,584,434.08 in 2014[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥970,284.89, a decline of 104.19% compared to ¥23,147,227.44 in 2014[22]. - The net cash flow from operating activities was -¥120,802,809.00, a significant increase of 2,406.98% from -¥4,818,654.01 in 2014[22]. - Total assets at the end of 2015 reached ¥3,238,881,395.00, an increase of 18.33% from ¥2,737,136,805.10 at the end of 2014[22]. - The net assets attributable to shareholders of the listed company decreased by 1.22% to ¥1,443,936,319.00 from ¥1,461,840,642.42 at the end of 2014[22]. - The total operating revenue for the reporting period was 998.79 million yuan, an increase of 18.55% compared to the previous year[51]. - The operating cost was 748.69 million yuan, reflecting a growth of 21.01% year-on-year[51]. - The net profit attributable to the parent company was 4.05 million yuan, a decrease of 90.50% compared to the previous year[51]. - The company reported a significant increase in total share capital due to the capital reserve transfer, enhancing liquidity for future investments[179]. Investment and Acquisitions - The company acquired Beijing Innogreen Technology Co., Ltd. in March 2015, marking its entry into the water resources and environmental management industry, with a focus on various water treatment projects[33]. - The company completed the acquisition of Innogreen and part of Xinjiang Jun Chuang's equity, impacting the consolidated financial statements[79]. - The company made a significant equity investment of 87.23 million yuan, acquiring a 51.31% stake in Beijing Yingnuogelin Technology Co., Ltd., focusing on water treatment equipment[81]. - The company is developing seven new projects in water environment governance and has filed four patents, focusing on advanced treatment processes and zero-emission technologies[68]. - The company is developing a 35t/h high-efficiency industrial coal powder furnace project, targeting small and medium-sized coal-fired units[69]. - The company invested in three waste-to-energy projects in Wuhai, Zhucheng, and Dingzhou, which will extend its existing business and create sustainable profit growth[94]. Risks and Challenges - The company faces risks related to accounts receivable, which have grown rapidly alongside business expansion, although they remain in line with industry characteristics[8]. - The company acknowledges the risk of project delays and payment delays due to changes in national industrial policies and macroeconomic conditions[10]. - The company anticipates a significant increase in financial expenses due to ongoing investment projects, necessitating improved fund management to mitigate impacts on performance[119]. - The company is aware of investment project risks that may arise from changes in national policies and market conditions, potentially delaying project timelines and expected returns[118]. - The company is facing risks from a slowdown in downstream industries, particularly in the power sector, which has seen a decrease in installed capacity growth from 23.62% in 2006 to 5.24% in 2014[114]. Strategic Focus and Development - The company has a strong focus on technological innovation and market expansion to maintain its competitive edge in the energy-saving sector[7]. - The company aims to enhance its core competitiveness through independent innovation and collaboration in research and development[31]. - The company is focusing on strategic transformation from traditional business to comprehensive environmental governance services[103]. - The company aims to optimize its management and enhance operational efficiency through a refined management assessment mechanism[105]. - The company plans to stabilize its flue gas treatment business while expanding its water treatment and solid waste treatment operations[104]. - The company is committed to developing advanced environmental technology and equipment, including low-grade waste heat power generation and small gas turbines[97]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of 0.04 CNY per 10 shares based on a total of 712,800,000 shares, with no bonus shares issued[12]. - Cash dividends will account for 100% of the total profit distribution for the year 2015[130]. - The company has a policy to distribute at least 10% of the annual distributable profit as cash dividends, with a cumulative distribution of at least 30% over the last three years[129]. - In 2015, the company reported a net profit attributable to ordinary shareholders of 4,047,649.18 yuan, with cash dividends representing 70.44% of this profit[137]. - The company’s cash dividend distribution policy is consistent with its articles of association and dividend management measures[129]. Market Position and Competition - The company operates in a highly competitive market for energy-saving and environmental protection services, necessitating continuous improvement in technology and cost management[7]. - The company is positioned to leverage national environmental protection policies to expand its market presence through PPP projects and acquisitions[37]. - The company’s strategic focus on renewable energy projects is expected to strengthen its market position and enhance its competitive edge in the environmental sector[95]. - The company is exploring partnerships with international firms to enhance technological capabilities and expand product offerings[198]. Research and Development - The company holds 97 utility model patents and 20 invention patents, showcasing its strong research and development capabilities in environmental technology[41]. - R&D investment amounted to approximately CNY 52.95 million in 2015, representing 5.30% of total revenue, an increase from 4.71% in 2014[71][70]. - The company has allocated 100 million RMB for research and development in the upcoming year to enhance technology capabilities[194]. - The company completed the research and development of a low-nitrogen emission gas and oil burner, preparing for the low-nitrogen transformation market[48]. Operational Efficiency - The company optimized its management structure, enhancing operational efficiency and effectiveness[46]. - The company emphasizes the importance of scientific management and team building to improve overall personnel quality and operational effectiveness[105]. - The company aims to enhance financial management by analyzing the profitability of business segments and major investment projects, with a focus on improving cash flow and reducing comprehensive funding costs[107].

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] - The total operating costs for Q1 2021 were CNY 41,739,836.69, down 43% from CNY 73,163,075.31 year-over-year[52] - Net loss attributable to shareholders for Q1 2021 was CNY 9,452,427.31, compared to a net loss of CNY 22,895,987.56 in Q1 2020, representing a 58.7% improvement[53] - The total comprehensive income for the first quarter was -¥9,452,427.31, compared to -¥22,895,987.56 in the previous year, indicating a significant improvement[54] Cash Flow and Assets - The net cash flow from operating activities decreased by 78.71% to ¥4,005,801.92 from ¥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%[41] - The cash flow from operating activities generated a net inflow of ¥4,005,801.92, down from ¥18,813,695.07 in the previous year[61] - The company reported a cash outflow from investing activities of ¥140,446,988.00, compared to ¥5,430,964.55 in the previous year, indicating increased investment activity[62] - The ending balance of cash and cash equivalents was CNY 1,086,309.59, up from CNY 667,585.78 in the previous period[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 57,686[11] - The largest shareholder, Xuzhou Fengli Technology Development Co., Ltd., held 21.12% of the shares, amounting to 150,514,615 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Investment and Growth Initiatives - 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[21] - 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[20] - The company aims to expand its market presence in the energy sector, particularly in low-nitrogen combustion equipment and waste treatment technologies, in response to increasing environmental regulations[22] - The company signed an EPC+O contract worth CNY 12,500,000.00 for a green mining cement material production line project, with the project construction progressing as planned[25] Risks and Challenges - The company faces risks related to increased competition in the environmental protection industry due to the entry of state-owned enterprises and private capital[27] - The company is exposed to risks from rising production costs, including labor and material prices, which could impact profitability[30] - The company acknowledges potential project investment risks influenced by national policies and macroeconomic conditions[29] Research and Development - The company reported a significant reduction in research and development expenses to CNY 1,255,402.60 from CNY 3,550,867.85, a decrease of 64.6%[52] - Research and development expenses for the quarter were ¥578,168.76, a decrease of 8.2% from ¥629,994.06 in the previous year[56] - The company is focusing on integrating advanced sewage treatment technologies and enhancing its research capabilities through collaboration with academic institutions[24] Asset Management - 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 1.42% to ¥655,923,120.94 from ¥665,375,548.25[7] - Accounts receivable decreased by 14.14% to CNY 172,783,959.80, attributed to the implementation of new revenue recognition standards[18] - Total liabilities decreased from ¥524,197,615.56 to ¥516,577,903.99, a reduction of approximately 1.3%[43]

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[17]. - Net profit attributable to shareholders for 2020 was CNY 12,991,452, marking an increase of 84.66% from CNY 7,035,498.48 in the previous year[17]. - The net profit excluding non-recurring gains and losses was CNY 7,231,353.81, a significant improvement of 107.73% compared to a loss of CNY 93,497,112 in 2019[17]. - Cash flow from operating activities increased by 126.87% to CNY 80,150,246.8, up from CNY 35,328,731.4 in 2019[17]. - Basic earnings per share rose to CNY 0.0182, an increase of 83.84% from CNY 0.0099 in 2019[17]. - The weighted average return on equity for 2020 was 1.93%, up from 1.06% in 2019[17]. - The company reported a total operating income of CNY 242,358,724 in Q4 2020, contributing to an annual total of CNY 514,946,524[20]. - The company reported total revenue of RMB 514.95 million for 2020, an increase of 0.30% year-on-year[50]. - The net profit attributable to the parent company was RMB 12.99 million, representing a significant growth of 84.66% compared to the previous year[50]. - The company reduced its operating costs by 5.02%, with total operating costs amounting to RMB 357.95 million[50]. Market and Strategic Focus - The company is focused on expanding its market presence and developing new technologies in environmental protection[5]. - Future outlook includes addressing potential risks as detailed in the report, emphasizing the importance of rational investment[5]. - The company is focusing on expanding its market presence in hazardous waste treatment and hydrogen energy sectors[32][33]. - The company’s strategic direction emphasizes becoming a comprehensive environmental service provider through technology and capital integration[27]. - The company aims to enhance its operational capabilities and optimize its equity structure for better financial health[84]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions[84]. - The company is focusing on the development of new technologies and products in the environmental technology sector[87]. - The company is positioned to benefit from the government's push for a green low-carbon economy, which is expected to drive future growth[93]. Environmental Initiatives - The company engaged in various environmental services, including energy-saving combustion, wastewater treatment, and waste incineration power generation[27]. - The company has completed the construction of an economical hydrogen refueling station, pending government approval for operation[33]. - The company has developed a comprehensive incineration treatment process for waste gas and waste liquid, which has entered the engineering promotion stage after successful R&D[40]. - The gas ultra-low nitrogen combustion technology achieved normal NOx emissions of 15-30 mg/m³, significantly improving efficiency without external flue gas circulation[41]. - The company has established 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[155]. - The company emphasizes compliance with national environmental protection standards and aims for "lawful production and standard emissions"[156]. - The company is focusing on expanding its services in water pollution control and waste management, aligning with national green development policies[93]. Challenges and Risks - The company faced operational challenges due to the COVID-19 pandemic, affecting the procurement of raw materials and the transportation of equipment[44]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[120]. - The company received a non-standard audit report from Zhongzheng Tiantong Accounting Firm, reflecting the current situation of the company[125]. - The company received a qualified audit opinion from Zhongzheng Tiantong Accounting Firm, which reflects the current situation of the company[127]. - The company has been actively upgrading its environmental protection facilities to address aging equipment issues and enhance control over abnormal operating conditions[156]. Shareholder and Governance - The total number of shareholders at the end of the reporting period was 55,702, with an increase from 57,686 at the end of January[168]. - The largest shareholder, Xu Zhou Feng Li Technology Development Investment Co., Ltd., holds 21.12% of the shares, totaling 150,514,615 shares, a decrease of 58,450,000 shares during the reporting period[169]. - The company has a commitment to maintaining its governance and operational integrity through its board and management team[184]. - The company’s management team includes experienced professionals with backgrounds in finance and law, enhancing its governance structure[184]. - The company has not reported any changes in its actual controller or major shareholders during the reporting period[173]. Research and Development - The company holds 338 national invention patents and has established a strong R&D team, enhancing its technological innovation capabilities[37]. - Research and development (R&D) expenses decreased by 30.77% to ¥11,249,060.84 compared to the previous year[63]. - The number of R&D personnel decreased to 50, making up 15.15% of the total workforce[68]. - The company is actively engaged in research and development of new technologies related to environmental protection and energy efficiency[89]. - The company is involved in a key national R&D project focused on the combustion technology of high-alkali coal, with expected completion of ignition tests by April-May 2021[39]. Financial Management - The company is focused on cash flow management and reduced short-term debt pressure during the pandemic, ensuring healthy financial operations[47]. - The company aims to improve its financial performance through strategic equity transactions[83]. - The company has committed to ensuring the independence of its assets and management, with ongoing compliance with these commitments[114]. - The company guarantees that there are no direct or indirect competitive businesses with its controlling entities, ensuring no conflicts of interest[115]. - The company has established an independent financial department and accounting system to ensure financial independence[114]. Corporate Social Responsibility - The company donated RMB 3.6 million for COVID-19 prevention efforts, enhancing its corporate image and brand awareness[46]. - The company has not initiated any poverty alleviation programs during the reporting year and has no subsequent plans[152]. - The company respects and protects the rights of stakeholders, promoting a balanced interest among shareholders, employees, and society[200].

Financial Performance - The company's operating revenue for 2018 was ¥526,434,765, a decrease of 19.57% compared to ¥661,795,558 in 2017[17]. - The net profit attributable to shareholders was -¥516,565,468, representing a significant decline of 12,242.30% from a profit of ¥10,320,897.4 in 2017[17]. - The net profit excluding non-recurring gains and losses was -¥480,211,464, showing a decrease of 441.71% compared to -¥82,580,076 in 2017[17]. - The cash flow from operating activities was -¥33,965,553, a 66.53% improvement from -¥101,481,954 in 2017[17]. - The total assets at the end of 2018 were ¥2,021,217,521, a decrease of 33.21% from ¥3,026,344,541 in 2017[17]. - The net assets attributable to shareholders decreased by 44.06% to ¥661,248,774 from ¥1,182,255,761 in 2017[17]. - The basic earnings per share for 2018 was -¥0.7247, a decline of 12,178.33% from ¥0.0145 in 2017[17]. - The weighted average return on equity was -55.92%, down from 0.88% in 2017[17]. - The total operating revenue for the reporting period was CNY 526.43 million, a decrease of 19.57% compared to the same period last year[49]. - Operating costs amounted to CNY 454.68 million, down 13.18% year-on-year[55]. - The net profit attributable to the parent company was CNY -516.57 million, a significant decrease of 12242.30% compared to the previous year[49]. Strategic Focus and Development - The company plans to focus on hydrogen energy development, aiming to build a full industry chain related to hydrogen energy preparation and storage[28]. - The strategic focus will shift towards environmental governance needs in the Xiong'an New Area, with plans to expand services nationwide and along the "Belt and Road" initiative[28]. - The company operates in three core business segments: energy-saving combustion, flue gas governance, and water environment governance[29]. - The company emphasizes technology research and development, continuing to develop low-nitrogen combustion technologies and waste gas treatment solutions[31]. - The company aims to enhance operational efficiency through refined management and clear business positioning for subsidiaries, focusing on cost control and project management[45][46]. - The company is actively pursuing strategic layouts in the environmental protection industry to leverage synergies across its business segments[44]. - The company is committed to continuous technological innovation, with multiple awards for its research and development efforts in environmental technology[36]. - The company is positioned as a comprehensive environmental governance platform, integrating various services such as energy-saving combustion and waste treatment[41]. - The company aims to ensure project quality and timeliness through strategic partnerships, enhancing its operational capabilities in Xiong'an New Area[93]. Research and Development - The company increased its R&D expenses by 28.01% to CNY 31.65 million, reflecting a commitment to innovation[63]. - The company's R&D investment in 2018 amounted to ¥31,646,205.22, representing 6.01% of its operating revenue, an increase from 3.78% in 2017[66]. - The number of R&D personnel increased to 75 in 2018, accounting for 10.89% of the total workforce, up from 9.30% in 2017[66]. - The company plans to enhance its research and development capabilities, focusing on low-nitrogen combustion technologies and waste gas treatment solutions[92]. Subsidiaries and Market Presence - The company established four wholly-owned subsidiaries during the reporting period, expanding its operational footprint[60]. - The company is focusing on expanding its market presence through new subsidiaries and strategic initiatives in the renewable energy sector[81]. - The company’s total revenue from its subsidiaries was impacted by various operational challenges, with some subsidiaries reporting significant losses[78]. - The company established several new subsidiaries, including Xiong'an Kairong Intelligent Environmental Protection Technology Development Co., Ltd., which had a minor impact on overall performance[80]. Governance and Compliance - The company has acknowledged the need for accounting error corrections as mandated by the Jiangsu Securities Regulatory Bureau[17]. - The company has been recognized as a "National Intellectual Property Demonstration Enterprise" and has received various honors for its innovative products[38]. - The company has committed to maintaining independent operations and financial management, ensuring no misuse of resources[108]. - The company has not proposed any stock bonus plans for the last three years, focusing instead on maintaining financial stability[106]. - The company has faced public reprimands from the Shenzhen Stock Exchange for incomplete and untimely information disclosure[132]. - The company has been under investigation by the China Securities Regulatory Commission for information disclosure violations[132]. - The company reported related party transactions amounting to 11 million yuan, with actual transactions of 7.0194 million yuan during the reporting period[137]. Challenges and Risks - The company faces increased competition in the environmental protection industry, with more potential competitors entering the market through investments and acquisitions[94]. - The company is addressing risks related to rising production costs due to increasing prices of materials and labor in the environmental sector[97]. - The company has established a comprehensive accounts receivable management system to improve turnover rates and mitigate risks associated with growing accounts receivable[98]. - The company reported a non-operating fund occupation of 7,769.82 million CNY, which accounts for 12.21% of the latest audited net assets[112]. Management and Human Resources - The company experienced significant management turnover in 2018, with multiple executives resigning for personal reasons, including the CFO and several vice presidents[178]. - The company appointed a new general manager, Mr. Ge Bing, on January 15, 2019, following the resignation of Mr. Li Xiaoguang[176]. - The company has a structured compensation system for its directors and senior management, based on performance assessments and approved by the shareholders[188]. - The total compensation for the company's directors and senior management during the reporting period amounted to 417.32 million[191]. - The company has established a comprehensive training system to enhance employee skills and awareness, incorporating training plans into the overall budget and performance evaluation[193]. Future Outlook - The company aims to achieve a 100% harmless treatment rate for urban household waste in major cities by the end of 2020, as outlined in national policies[87]. - The company is committed to enhancing its competitive edge through technological innovation and capital operations, aiming for diversified development in the environmental sector[90]. - The company has set ambitious performance targets for the upcoming fiscal year, aiming for substantial growth[175].

Financial Performance - The company's operating revenue for 2016 was approximately ¥772 million, a decrease of 22.71% compared to ¥998 million in 2015[23]. - The net loss attributable to shareholders for 2016 was approximately ¥286 million, a significant decline of 7164.45% from a profit of ¥4 million in 2015[23]. - The cash flow from operating activities for 2016 was approximately ¥243 million, a decrease of 301.27% compared to a negative cash flow of approximately ¥121 million in 2015[23]. - The total assets at the end of 2016 were approximately ¥2.826 billion, down 12.75% from ¥3.260 billion at the end of 2015[24]. - The net assets attributable to shareholders at the end of 2016 were approximately ¥1.180 billion, a decrease of 18.31% from ¥1.444 billion at the end of 2015[24]. - The basic earnings per share for 2016 was -¥0.40, a decline of 4100.00% from ¥0.04 in 2015[23]. - The company reported a significant decline in net profit, with a loss of approximately 30.19 million CNY, compared to a profit of 406.07 million CNY in the previous year, indicating a decrease of over 107%[109]. - The company reported a total operating income of 24,006,076 CNY for Wuhan Combustion Control Technology Thermal Energy Engineering Co., Ltd.[107]. Cash Dividends - The company plans to distribute a cash dividend of 0.03 CNY per 10 shares (including tax) based on a total of 712,800,000 shares, with no bonus shares issued[10]. - The company distributed a cash dividend of 0.04 yuan per share, totaling 2,851,200 yuan, based on a total share capital of 712,800,000 shares as of December 31, 2015[122]. - The cash dividend represents 100% of the total profit distribution for the year[126]. - The cash dividend paid in 2016 was significantly lower compared to previous years, reflecting the company's financial challenges[129]. - The remaining undistributed profits for 2016 will be carried forward to the next fiscal year[126]. Risks and Challenges - The company faces risks related to accounts receivable, which have been growing rapidly alongside business expansion, although they are in line with industry characteristics[8]. - The company acknowledges the risk of increased financial expenses due to ongoing investment projects, which may significantly impact its performance[10]. - The company is aware of potential project investment risks due to changes in national industrial policies and macroeconomic conditions, which could delay project execution and affect expected benefits[9]. - The company has faced challenges in receivables management, with discrepancies in accounts receivable from major projects leading to adjustments in financial statements[24]. - The company’s management acknowledges the challenges posed by expanding operational scale and the need for enhanced management capabilities to adapt to changing internal and external environments[10]. Strategic Initiatives - The company plans to enhance its market presence and product offerings through strategic initiatives and potential acquisitions in the environmental sector[24]. - The company is actively developing solid waste treatment projects, including waste incineration power generation projects[46]. - The company has expanded into water environment governance through the acquisition of Beijing Yingnuo Green Technology Co., Ltd. in March 2015[44]. - The company is participating in various PPP projects to enhance its industry influence in environmental governance[46]. - The company aims to develop a comprehensive environmental governance service platform, integrating capabilities in air, water, and solid waste management[117]. Research and Development - The company holds 97 utility model patents, 20 invention patents, and 5 software copyrights, showcasing its strong R&D capabilities in environmental technology[53]. - Research and development investment amounted to approximately CNY 44 million in 2016, representing 5.70% of operating revenue, with a total of 73 R&D personnel, accounting for 10.08% of the workforce[85]. - The company has established partnerships with three major universities for collaborative research, enhancing its innovation capabilities in environmental technologies[195]. Market Trends and Government Support - The government continues to increase support for the environmental protection industry, providing ongoing growth opportunities for the company[47]. - The implementation of the "Air Pollution Prevention and Control Action Plan" requires a direct investment of 1.84 trillion yuan, with the central government investing 5 billion yuan and 10 billion yuan in the first two years[114]. - The "Water Pollution Prevention and Control Action Plan" is expected to generate an additional output value of approximately 1.9 trillion yuan for the environmental protection industry[114]. - The "13th Five-Year Plan" anticipates total environmental protection investment to exceed 17 trillion yuan, indicating significant market potential for the environmental industry[116]. Corporate Governance - The company’s financial report has been confirmed by its board and management as accurate and complete, ensuring accountability for its contents[3]. - The company has committed to maintaining the independence of its operations and financial management[129]. - The company guarantees that in the event of unavoidable related party transactions, they will be conducted fairly and transparently, adhering to market rules and legal obligations[131]. - The company has established a commitment to not use raised funds for permanent working capital or to repay bank loans, ensuring funds are utilized appropriately[131]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[132]. Management and Personnel - The company experienced a management turnover, with multiple executives, including the general manager and several directors, resigning due to personal work reasons and company management needs[190]. - The company has appointed new executives, including a vice president and a board secretary, to address management needs and improve operational efficiency[190]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 6,579,000[200]. - The highest remuneration was received by Zhu Feng, a deputy general manager, totaling CNY 978,500[200]. - The company has a performance assessment system for remuneration based on a 1:1 ratio of base salary to performance salary[198].

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]