证券代码：300172 证券简称：中电环保 编号：2018-001 中电环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系 | ▇ | 特定对象调研 □分析师会议 ...

编号：2018-002 证券代码：300172 证券简称：中电环保 中电环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

编号：2018-003 证券代码：300172 证券简称：中电环保 中电环保股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | ...

Financial Performance - Revenue for Q3 2022 reached ¥206,317,954.27, an increase of 8.84% year-over-year, and year-to-date revenue was ¥830,736,380.06, up 38.81% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2022 was ¥19,062,362.20, a 6.12% increase year-over-year, while year-to-date net profit was ¥91,696,275.73, reflecting a 15.60% increase[3] - The net profit after deducting non-recurring gains and losses for Q3 2022 was ¥10,567,336.24, down 27.34% year-over-year, with year-to-date figures at ¥66,988,459.37, up 16.86%[3] - Total operating revenue for Q3 2022 reached CNY 830,736,380.06, an increase of 38.8% compared to CNY 598,464,102.85 in the same period last year[24] - Operating profit for Q3 2022 was CNY 103,211,731.26, up from CNY 89,115,285.67, reflecting a growth of 15.5% year-over-year[24] - Net profit attributable to shareholders of the parent company was CNY 91,696,275.73, representing a 15.6% increase from CNY 79,321,963.42 in the previous year[24] - Earnings per share for Q3 2022 was CNY 0.1355, compared to CNY 0.1172 in the same quarter last year, marking a 15.5% increase[25] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥114,105,209.52, a significant increase of 395.82% compared to the previous year[3] - The net cash flow from operating activities was ¥114,105,209.52, an increase from ¥23,013,453.51 in the previous period[27] - The total cash inflow from investment activities was ¥1,513,955,661.14, compared to ¥1,141,161,714.50 in the previous period[27] - The net cash flow from investment activities was -¥38,377,894.69, an improvement from -¥105,585,457.83 in the previous period[27] - The cash inflow from financing activities was ¥60,020,767.42, slightly down from ¥61,818,200.00 in the previous period[27] - The net cash flow from financing activities was -¥29,077,584.19, a decline from a positive net flow of ¥14,234,615.47 in the previous period[27] - The net increase in cash and cash equivalents was ¥46,649,730.64, contrasting with a decrease of -¥68,337,388.85 in the previous period[27] - The ending balance of cash and cash equivalents was ¥87,986,629.44, up from ¥58,901,350.76 in the previous period[27] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥2,924,546,537.29, representing a 5.22% increase from the end of the previous year[3] - Total current assets as of September 30, 2022, amount to ¥1,800,813,076.83, an increase from ¥1,667,908,069.50 at the beginning of the year[21] - Total liabilities as of Q3 2022 amounted to CNY 1,072,166,850.66, an increase from CNY 983,206,523.24 in the previous year[24] - Total equity attributable to shareholders of the parent company was CNY 1,793,593,857.44, up from CNY 1,735,733,081.71, reflecting a growth of 3.3%[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 36,993[15] - The largest shareholder, Wang Zhengfu, holds 28.22% of shares, totaling 190,985,605 shares[15] - The company has no known related party relationships among the top shareholders, except for a marital relationship between two of them[16] - The total number of restricted shares held by major shareholders remains unchanged at 179,678,954 shares[18] - The company has a total of 179,593,073 restricted shares, with no new restrictions added during the period[18] - The company plans to unlock 25% of the restricted shares annually for executives[18] Expenses - Operating costs for the year-to-date period were ¥64,949,380.00, up 56.53% from ¥41,494,420.00 in the previous year, primarily due to increased project costs[10] - Research and development expenses for Q3 2022 were CNY 33,220,217.31, compared to CNY 26,843,065.25 in the same period last year, indicating a 23.7% increase[24] - The total operating cost for Q3 2022 was CNY 761,403,557.72, up from CNY 517,525,073.92, representing a 47.0% increase year-over-year[24] Other Information - The company reported a significant increase in cash and cash equivalents, with a year-end balance of ¥100,291,500, representing a 108.49% increase from the beginning of the year[8] - The company did not undergo an audit for the third quarter report[28] - The report was released by the Board of Directors on October 22, 2022[29]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥624,418,425.79, representing a 52.71% increase compared to ¥408,898,387.80 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥72,633,913.53, an increase of 18.38% from ¥61,359,044.06 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥56,421,123.13, up 31.89% from ¥42,779,074.86 year-on-year[22]. - The net cash flow from operating activities was ¥82,597,996.76, a significant increase of 136.96% compared to ¥34,857,583.35 in the same period last year[22]. - The total assets at the end of the reporting period were ¥2,946,531,251.40, reflecting a 6.01% increase from ¥2,779,516,162.80 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥1,774,531,495.24, which is a 2.24% increase from ¥1,735,733,081.71 at the end of the previous year[22]. - The basic earnings per share for the reporting period was ¥0.107, an increase of 17.58% compared to ¥0.091 in the same period last year[22]. - The diluted earnings per share also stood at ¥0.107, reflecting the same growth of 17.58% year-on-year[22]. - The weighted average return on equity increased by 0.43 percentage points to 4.11% from 3.68% in the previous year[22]. Business Operations and Contracts - The company secured new contracts worth 711 million yuan during the reporting period, with 521 million yuan from water services, 164 million yuan from solid waste treatment, and 26 million yuan from flue gas governance[47]. - The total amount of contracts not yet recognized as revenue at the end of the reporting period was 3.944 billion yuan, including 2.042 billion yuan from water services and 1.869 billion yuan from solid waste treatment[47]. - The company has successfully implemented nearly 30 sewage treatment projects across various regions, including notable projects in Nanjing and Shenzhen, with a daily treatment capacity of 60,000 tons[65]. - The company has established nearly 20 sludge coupling treatment projects with an annual processing capacity of approximately 3 million tons, positioning itself as a leader in the domestic sludge treatment sector[65]. - The company is actively expanding its market presence in wastewater treatment, solid waste management, and flue gas governance, with a notable increase in market share in these sectors[42]. Research and Development - The company has nearly 500 patents, proprietary technologies, and software copyrights, indicating a strong emphasis on innovation[40]. - The company added 28 new patents during the reporting period, bringing the total to 315 patents and 28 software copyrights as of June 30, 2022[50]. - Research and development expenditures rose by 13.35% to ¥18,379,550.81, reflecting the company's commitment to innovation and new technology development[70]. - The company is actively pursuing new technologies and processes, including the development of full membrane methods and nanofiltration membrane applications[50]. Environmental Initiatives - The company has successfully developed a "zero discharge" technology for wastewater treatment, which has been widely promoted in various industrial sectors, achieving significant resource reuse and pollution reduction[31]. - The company’s wastewater treatment business includes comprehensive services from raw water to zero discharge, with a strong market share in the industrial water treatment sector[31]. - The company’s air pollution control technology can reduce CO2 emissions by 14,000 tons annually for individual projects, contributing to carbon neutrality goals[36]. - The company is committed to improving environmental conditions and creating sustainable value for stakeholders through its core business operations[41]. Financial Management and Investments - The company reported an investment income of ¥6.85 million, accounting for 8.18% of total profit, primarily from financial product returns and equity investments[75]. - The company has ongoing trust financial products with a total investment of CNY 3,000,000 and an expected return of 5.00%[85]. - The company has provided guarantees totaling 5 million CNY to its subsidiaries, with specific amounts of 10 million CNY and 20 million CNY for different banks[139]. - The company has a significant contract with Baotou Steel Group Energy Conservation and Environmental Protection Technology Industry Co., Ltd. valued at 38,449.72 million yuan, with sales revenue recognized at 23,984.05 million yuan[136]. Shareholder and Corporate Governance - The company has committed to not transferring or entrusting the management of shares held prior to the public offering for a period of 36 months[116]. - The company’s actual controller has provided a commitment to avoid any competition with the company and its subsidiaries, ensuring no direct or indirect involvement in similar business activities[116]. - The company has emphasized the importance of maintaining transparency and fairness in all transactions with related parties[116]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[117]. Market Trends and Risks - The ongoing COVID-19 pandemic poses significant risks to the company's operations, affecting supply chains, logistics, and project implementation, which may impact future performance[96]. - The company faces cost control risks due to fluctuations in international energy and raw material prices, particularly for steel, copper, and chemical products[98]. - The environmental industry is expected to grow, presenting opportunities for the company, but competition is intensifying due to low market concentration and increased participation from state-owned and private capital[99]. Compliance and Social Responsibility - The company has strengthened compliance with laws and regulations, ensuring transparency and integrity in its operations[112]. - The company actively participates in local charitable activities, contributing to education and poverty alleviation, thereby establishing a positive social image[113]. - The company has developed an emergency response plan for environmental incidents, which has been officially filed[111].

Financial Performance - The company's operating revenue for Q1 2022 was ¥294,908,319.69, representing an increase of 85.79% compared to ¥158,728,789.69 in the same period last year[3]. - The net profit attributable to shareholders for Q1 2022 was ¥24,022,937.91, up 13.27% from ¥21,209,123.22 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,907,790.79, reflecting a 35.16% increase from ¥12,509,807.57 in the previous year[3]. - Total operating revenue for the current period reached ¥294,908,319.69, a significant increase from ¥158,728,789.69 in the previous period, representing an increase of approximately 86%[28]. - Net profit for the current period was ¥22,565,828.44, up from ¥21,976,666.39 in the previous period, indicating a growth of approximately 2.67%[30]. - Operating profit for the current period was ¥28,318,300.22, compared to ¥26,415,316.08 in the previous period, showing an increase of about 7.2%[29]. - The company reported a total profit of ¥27,955,018.74, compared to ¥26,414,638.46 in the previous period, indicating an increase of about 5.85%[29]. - Basic and diluted earnings per share for the current period were both ¥0.0355, up from ¥0.0313 in the previous period, reflecting an increase of approximately 13.5%[30]. Cash Flow - The company's cash flow from operating activities for Q1 2022 was -¥23,414,023.25, a significant decline of 960.94% compared to ¥2,719,600.48 in the same period last year[3]. - Cash flow from operating activities showed a net outflow of ¥23,414,023.25, a decline from a net inflow of ¥2,719,600.48 in the previous period[33]. - Cash flow from investment activities for Q1 2022 was ¥83,226,800, a 269.54% increase from -¥49,089,900 in the same period last year[17]. - Cash flow from investing activities generated a net inflow of ¥83,226,804.40, compared to a net outflow of ¥49,089,863.97 in the prior period[33]. - Cash and cash equivalents at the end of the period totaled ¥107,953,999.18, an increase from ¥92,541,810.70 at the end of the previous period[33]. - Cash and cash equivalents increased significantly to CNY 112,689,508.96 from CNY 48,104,004.73, representing a growth of 134.9%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,867,069,888.32, an increase of 3.15% from ¥2,779,516,162.80 at the end of the previous year[3]. - The total liabilities of the company were CNY 1,048,194,420.81, compared to CNY 983,206,523.24 at the beginning of the year, marking an increase of approximately 6.63%[26]. - The company's total equity reached CNY 1,818,875,467.51, up from CNY 1,796,309,639.56, indicating a growth of about 1.25%[26]. - The company's current assets reached CNY 1,734,007,385.81, up from CNY 1,667,908,069.50 at the start of the year, indicating a growth of approximately 3.93%[24]. - The non-current assets totaled CNY 1,133,062,502.51, an increase from CNY 1,111,608,093.30, showing a growth of approximately 1.92%[25]. Research and Development - The company's R&D expenses for Q1 2022 amounted to ¥998.84 million, a 59.88% increase from ¥624.74 million in the same period last year[16]. - Research and development expenses increased to ¥10,109,651.62 from ¥6,247,396.25, marking a rise of approximately 62%[29]. Inventory and Receivables - The company's inventory increased to CNY 50,165,613.91 from CNY 35,839,126.99, representing a growth of about 39.83%[24]. - Accounts receivable rose to CNY 643,391,462.50 from CNY 625,801,519.92, reflecting an increase of about 2.5%[24]. - The company reported a significant increase in accounts receivable financing, which decreased by 52.07% to ¥25,822,400 from ¥53,872,100 at the beginning of the period[8]. - The company reported a significant increase in prepayments, which rose to CNY 66,185,696.87 from CNY 35,149,008.35, reflecting an increase of about 88.4%[24]. Shareholder Information - The company had a total of 42,192 common shareholders at the end of the reporting period[19]. - The total number of restricted shares at the end of the period was 179,661,807, down from 180,760,106, indicating a decrease of approximately 0.61%[22].

Financial Performance - The company's operating revenue for 2021 was ¥874,384,526.15, a decrease of 4.94% compared to ¥919,833,075.77 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥106,556,615.58, down 39.80% from ¥177,012,440.92 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥72,669,794.42, a decline of 47.04% from ¥137,225,157.23 in 2020[18]. - The basic earnings per share for 2021 were ¥0.16, a decrease of 38.46% from ¥0.26 in 2020[18]. - The weighted average return on net assets was 6.32% in 2021, down from 11.38% in 2020, a decrease of 5.06 percentage points[18]. - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately $158.73 million, $250.17 million, $189.57 million, and $275.92 million respectively, showing a significant increase in Q2 and Q4[20]. - The net profit attributable to shareholders for the same quarters was $21.21 million, $40.15 million, $17.96 million, and $27.23 million, indicating strong performance in Q2[20]. - The company's total operating revenue for 2021 was approximately 874.38 million yuan, a decrease of 4.94% compared to 2020[80]. - Water services contributed 625.60 million yuan, accounting for 71.55% of total revenue, while solid waste treatment revenue dropped by 32.41% to 180.50 million yuan[80]. - The company achieved a revenue increase of 7.61% in the water services sector compared to the previous year[80]. - The company’s international revenue increased by 192.60% to 25.27 million yuan, while domestic revenue decreased by 6.81%[82]. Cash Flow and Investments - The net cash flow from operating activities increased by 28.56% to ¥116,555,530.40 in 2021, compared to ¥90,664,943.13 in 2020[18]. - The net cash flow from investment activities was -¥207,372,461.00, a significant decline of 174.08% compared to the previous year, mainly due to increased purchases of financial products[100]. - The net cash flow from financing activities improved to ¥4,868,300.54, a 127.95% increase, attributed to reduced cash payments for debt repayment[100]. - Operating cash inflow totaled ¥731,562,545.11 in 2021, showing a slight decrease of 0.01% compared to the previous year[99]. - The cash and cash equivalents net decrease was -¥85,948,630.06, reflecting a significant decline of 3,456.69% compared to the previous year[99]. - As of the end of 2021, cash and cash equivalents decreased to CNY 48,104,004.73, representing 1.73% of total assets, down from 5.12% at the beginning of the year, a decrease of 3.39%[102]. Market Position and Industry Outlook - The company operates in the ecological environment governance industry, which is expected to grow significantly due to strong policy support and increasing market demand[27]. - The water treatment sector is transitioning towards comprehensive management of water resources, with a focus on zero discharge and resource reuse, indicating a growing market opportunity[28]. - The solid waste management industry is expanding, driven by policies promoting waste reduction and resource recovery, presenting further investment opportunities[29]. - The flue gas treatment market is evolving to include non-electric sectors, with a focus on carbon reduction technologies, aligning with national carbon neutrality goals[30]. - The company anticipates significant market opportunities in wastewater treatment, resource utilization, and zero discharge due to the implementation of various national policies[37]. - The solid waste industry is projected to see a comprehensive utilization rate of 60% for major solid waste by 2025, with a focus on sludge and biomass coupling treatment[39]. - The market for flue gas governance is anticipated to expand significantly, with a focus on ultra-low emissions and comprehensive governance in key industries[41]. Technological Innovation and R&D - The company has developed several core technologies, including high-salt wastewater zero discharge technology and sludge drying coupling treatment technology, which have been recognized in national and provincial awards[59]. - The company is developing a zero liquid discharge (ZLD) technology aimed at resource recovery from wastewater and waste salt, currently in the pilot stage[94]. - The company is focusing on the development of self-owned intellectual property products, materials, and equipment for reduction and recycling, particularly in the field of pollution-resistant reverse osmosis membranes[95]. - The company is actively involved in the development of technologies for pollution control, aiming to contribute to carbon peak and carbon neutrality goals[41]. - The company is enhancing its technological innovation capabilities by integrating IoT, AI, and big data into the environmental protection industry, aiming for digital and intelligent transformation[117]. - The company has established a national-level environmental industry technology innovation strategic alliance, undertaking over 20 major scientific and industrialization projects[61]. Corporate Governance and Management - The company maintains independence from its controlling shareholders in business, personnel, assets, institutions, and finance, ensuring autonomous operational capabilities[138]. - The company has established an independent financial accounting department with a separate accounting system and financial management protocols[139]. - The company has a clear ownership of all assets related to its business activities, ensuring complete control and management[138]. - The company has implemented a talent strategy focused on employee health, safety, and satisfaction, enhancing overall employee quality[190]. - The company has established a transparent performance evaluation and incentive mechanism to enhance employee motivation and management efficiency[135]. - The company has a performance appraisal system that links individual performance to the company's operational development[164]. Risks and Challenges - The company faces significant risks from the ongoing COVID-19 pandemic, which could adversely impact its financial performance and operational management if not effectively controlled[123]. - The prices of steel, copper, and chemical products have increased significantly due to the pandemic and the Russia-Ukraine conflict, with carbon steel plate prices rising approximately 43% from 4,610 RMB/ton in January 2021 to a peak of 6,580 RMB/ton in May 2021[124]. - The company has a significant amount of accounts receivable, which poses cash flow risks, but its clients are primarily government departments and large enterprises with strong creditworthiness[129]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥0.50 per 10 shares to all shareholders, based on a total of 676,710,000 shares[5]. - The company plans to distribute a cash dividend of RMB 0.50 per share (including tax), totaling RMB 33,835,500, which represents 31.75% of the net profit attributable to shareholders for the year 2021[169]. - The total distributable profit available to shareholders as of December 31, 2021, is RMB 919,125,980.16[169]. - The cash dividend amount represents 100% of the total profit distribution for the period[168]. - The company has a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring transparency and compliance[167]. Employee and Talent Management - The company has a total of 574 employees, with 231 in production, 37 in sales, 232 in technical roles, 18 in finance, and 56 in administration[163]. - The management team includes professionals with significant experience in the energy and environmental sectors, enhancing the company's strategic capabilities[150]. - The company emphasizes talent development and management, implementing incentive plans to drive performance and ensure long-term growth[67]. - The company has implemented an annual training plan that includes both internal and external training programs[165]. Environmental Responsibility - The company emphasizes environmental responsibility and aims to contribute to a cleaner environment while fulfilling its social responsibilities[189]. - The company has established a stable wastewater treatment facility that meets the GB18918-2002 Class A standard, ensuring effective pollution control[186]. - The company faced an administrative penalty of 170,000 yuan due to exceeding wastewater discharge standards, attributed to an increased proportion of industrial wastewater[188].

Financial Performance - The company's revenue for the third quarter was ¥189,565,715.05, a decrease of 5.40% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥17,962,919.36, down 48.70% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥14,544,200.43, a decrease of 35.09% compared to the previous year[4]. - Basic earnings per share were ¥0.0304, reflecting a decline of 48.70% year-on-year[4]. - Net profit for the current period was ¥80,706,808.74, down from ¥107,923,999.83, indicating a decrease of approximately 25.2%[34]. - Basic and diluted earnings per share both decreased to ¥0.133 from ¥0.178, a decline of about 25.3%[35]. Cash Flow - The operating cash flow for the year-to-date period increased significantly by 214.58% to ¥23,013,453.51[4]. - Net cash flow from operating activities for the first nine months of 2021 was CNY 23.01 million, an increase of 214.58% from a negative CNY 20.09 million in the same period last year, primarily due to increased sales collections[22]. - Total cash inflow from operating activities was ¥487,029,053.80, compared to ¥467,820,198.73 in the prior period, reflecting a growth of approximately 4.5%[36]. - Cash outflow from operating activities decreased to ¥464,015,600.29 from ¥487,905,505.62, indicating a reduction of about 4.4%[36]. - Net cash flow from financing activities improved to ¥14,234,615.47 from -¥1,701,013.53, indicating a positive shift[37]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,750,893,976.71, an increase of 2.89% from the end of the previous year[4]. - Total current assets as of September 30, 2021, amounted to CNY 1,660.46 million, compared to CNY 1,559.70 million as of December 31, 2020[30]. - Total liabilities increased to ¥982,556,477.99 from ¥972,804,716.72, marking a rise of about 1.5%[32]. - Non-current assets totaled ¥1,090,430,091.95, slightly down from ¥1,113,820,813.44, a decrease of approximately 2.1%[31]. Research and Development - Research and development expenses for the first nine months of 2021 were ¥26,843,100, an increase of 30.18% compared to the same period last year[20]. - Research and development expenses rose to ¥26,843,065.25 from ¥20,620,005.66, an increase of about 30.1%[33]. Borrowings and Financial Position - Short-term borrowings increased by 599.19% to ¥35,000,000.00, primarily due to new special borrowings[12]. - The company reported a significant increase in long-term borrowings, which rose to ¥292,318,200.00 from ¥268,500,000.00, an increase of approximately 8.9%[32]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 49,697[24]. - The largest shareholder, Wang Zhengfu, holds 28.22% of shares, totaling 190,985,605 shares[24]. Audit and Reporting - The company did not undergo an audit for the third quarter report[38]. - The report was announced by the board of directors on October 26, 2021[39].

Financial Performance - The company reported a total revenue of 520.71 million RMB for the first half of 2021, with a year-on-year increase of 15%[17]. - The net profit attributable to shareholders for the same period was 76.5 million RMB, representing a growth of 20% compared to the previous year[17]. - The company's operating revenue for the reporting period was ¥408,898,387.80, representing a 2.95% increase compared to ¥397,165,889.05 in the same period last year[26]. - The net profit attributable to shareholders decreased by 14.53% to ¥61,359,044.06 from ¥71,791,917.46 year-on-year[26]. - The net cash flow from operating activities improved significantly, reaching ¥34,857,583.35, a 191.01% increase from a negative cash flow of ¥38,301,899.34 in the previous year[27]. - The basic and diluted earnings per share both decreased by 21.43% to ¥0.11 from ¥0.14 in the same period last year[27]. - The total assets at the end of the reporting period were ¥2,724,319,940.79, reflecting a 1.90% increase from ¥2,673,520,663.83 at the end of the previous year[27]. - The net assets attributable to shareholders increased by 2.96% to ¥1,689,620,078.24 from ¥1,641,011,723.24 at the end of the previous year[27]. - The company's total share capital is currently 676.80 million shares, with ongoing procedures for the repurchase of an additional 94,765 shares[25]. Business Expansion and Strategy - The company is actively expanding its market presence through strategic acquisitions and partnerships in the environmental protection sector[4]. - The company is focusing on the development of new technologies and products to enhance its service offerings in waste management and water treatment[4]. - The company has successfully expanded its main business from water treatment to include solid waste, hazardous waste, and flue gas governance, along with an innovation platform[36]. - The company aims to achieve an annual sludge treatment capacity of nearly 3 million tons, which is expected to reduce carbon dioxide emissions by approximately 100,000 tons per year[40]. - The company is investing in the ecological environment industry innovation cluster to support technology research and development, talent introduction, and industry incubation[46]. - The company has established a comprehensive pollution soil remediation technology system, including various advanced treatment methods[42]. - The company has nearly 500 patents and proprietary technologies, enhancing its competitive edge in the environmental sector[46]. - The company is positioned as a leader in the sludge coupling treatment industry, further solidifying its market position through strategic project acquisitions[53]. - The company is actively expanding its market presence in the flue gas governance sector, securing new projects such as those with Shanxi Coking and Donghua Energy[52]. Research and Development - The company has developed a "zero discharge" technology for wastewater treatment, which has been successfully promoted in various industrial sectors[37]. - The sludge drying coupling treatment technology has been recognized as a top environmental technology in the "Belt and Road" initiative, contributing to carbon reduction efforts[40]. - The company's innovation platform generated approximately 5.87 million RMB in revenue during the first half of 2021, reflecting its commitment to R&D and technology upgrades[54]. - The company has undertaken 20 major scientific research projects, including national and provincial initiatives, and has established multiple research platforms to enhance its R&D capabilities[68]. - Continuous investment in R&D for new technologies in water treatment, solid waste, and air pollution control is a priority for the company[66]. Risk Management - The management has outlined potential risks and corresponding mitigation strategies in the report, emphasizing the importance of risk management[4]. - The company faces risks from the ongoing COVID-19 pandemic, which could significantly impact its operations, supply chain, and overall financial performance if not controlled[106]. - The company is actively monitoring market trends and adjusting its operational strategies to mitigate risks associated with the pandemic and ensure stable operations[107]. - Rising costs of raw materials, particularly steel and copper, have put pressure on the company's operating costs, with steel prices increasing by 45.64% from January 2020 to August 2021[109]. - The company plans to enhance its procurement strategies and optimize supplier configurations to manage rising costs effectively[109]. Shareholder and Capital Management - The company plans to not distribute cash dividends or issue bonus shares for the current fiscal year[5]. - The total registered capital increased from 520.71 million RMB to 676.92 million RMB after a capital reserve conversion[24]. - The company has implemented a restricted stock incentive plan to motivate its management team and business backbone, successfully meeting performance assessment targets[73]. - The company has a total of 676,923,715 shares after a capital increase, with a cash dividend of 0.50 CNY per 10 shares distributed[160]. - The company has ongoing guarantees totaling 10 million CNY for its subsidiary in the waste management sector, with a guarantee period of 1 year[155]. Environmental Compliance and Governance - The company received an administrative penalty of 170,000 yuan due to exceeding wastewater discharge standards, with industrial wastewater accounting for 80% of the inflow, significantly above the existing process capacity[129]. - The company has established an emergency response plan for environmental incidents, which has been filed with the relevant authorities[129]. - There were no violations or penalties related to external guarantees during the reporting period[134]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[133]. Subsidiary Performance - The subsidiary Nanjing Zhongdian Environmental Protection Water Co., Ltd. reported a net profit of 8,654,465.17[103]. - The subsidiary Nanjing Zhongdian Environmental Protection Solid Waste Resource Co., Ltd. reported a net loss of 3,191,419.43[103]. - The subsidiary Nanjing Zhongdian Environmental Protection Technology Co., Ltd. achieved a net profit of 1,917,033.17[103]. - Jiangsu Lianfeng Environmental Protection Industry Development Co., Ltd. reported a net profit of 3,389,327.12[103].

Financial Performance - The company's operating revenue for 2020 was approximately ¥919.83 million, representing a 1.43% increase compared to ¥906.88 million in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥177.01 million, a 23.85% increase from ¥142.92 million in 2019[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥137.23 million, up 34.75% from ¥101.84 million in 2019[16]. - The net cash flow from operating activities for 2020 was approximately ¥90.66 million, reflecting a 26.10% increase from ¥71.90 million in 2019[16]. - The total assets at the end of 2020 were approximately ¥2.67 billion, a 6.58% increase from ¥2.51 billion at the end of 2019[16]. - The net assets attributable to shareholders at the end of 2020 were approximately ¥1.64 billion, an increase of 11.60% from ¥1.47 billion at the end of 2019[16]. - The basic earnings per share for 2020 were ¥0.34, representing a 21.43% increase from ¥0.28 in 2019[16]. - The weighted average return on equity for 2020 was 11.38%, an increase of 1.11 percentage points from 10.27% in 2019[16]. Business Expansion and Innovation - The company has expanded its main business from water treatment to include solid and hazardous waste management, flue gas treatment, and an innovation platform[26]. - The company’s sludge treatment design capacity is nearly 300,000 tons per year, which is expected to reduce carbon dioxide emissions by 77,200 tons annually[30]. - The company has developed a "zero discharge" technology for wastewater treatment, which has been successfully promoted in major industrial sectors[27]. - The company has transitioned its business model from system integration EPC to BOT and PPP investment models[26]. - The company’s wastewater treatment services include comprehensive solutions for industrial and municipal clients, focusing on resource reuse and environmental compliance[28]. - The company has established partnerships with major state-owned enterprises for sludge treatment solutions, aligning with national environmental policies[30]. - The company’s innovative technologies have been recognized as part of the "Belt and Road" initiative, enhancing its market position in the environmental sector[30]. - The company has developed a comprehensive pollution soil remediation technology system, including various advanced techniques for different types of contaminated sites[33]. - The company’s subsidiary, Zhongdian Environmental Technology, specializes in air pollution control and has developed integrated core technologies for flue gas treatment, contributing to carbon reduction efforts[32]. - The company is actively building an ecological environment industry innovation cluster to support technology research and talent introduction, enhancing its innovation capabilities[35]. - The company has nearly 500 patents and proprietary technologies, indicating a strong focus on innovation and technology development[36]. Market Trends and Government Policies - The "14th Five-Year Plan" aims to add and upgrade 80,000 kilometers of sewage collection networks and increase sewage treatment capacity by 20 million cubic meters per day by 2023[43]. - The solid waste industry is expected to see a significant market expansion, with a target of achieving a 90% harmless disposal rate for urban sludge[45]. - The government plans to establish a long-term sewage treatment fee mechanism that ensures reasonable pricing to cover operational costs and allow for profit[42]. - By 2025, the ecological environment governance system is expected to be fully established, enhancing the management of ecological protection funds and project reserves[40]. - The company anticipates that the environmental policy dividends will continue to be released, leading to a new development cycle for the environmental protection industry during the "14th Five-Year Plan" period[41]. - The market for wastewater resource utilization and treatment services is expected to grow due to favorable policies aimed at improving treatment standards and pricing[43]. - The company is positioned to benefit from the increasing focus on green finance and the establishment of ecological compensation mechanisms across regions[40]. - The government aims to achieve a 35% recycling rate for urban household waste within five years, promoting a comprehensive waste classification system[44]. - The company is likely to see growth opportunities in the flue gas treatment sector, with policies aimed at reducing coal consumption and enhancing VOCs management[46]. Project Development and Contracts - The company reported a 519.96% increase in construction projects compared to the same period last year, attributed to the new solid waste project in Haifeng Phase II[48]. - The company has established nearly 30 wastewater treatment projects across the country, including significant projects in Ningxia, Henan, and Shanghai, enhancing its market presence[57]. - The company has processed nearly 300,000 tons/year of sludge through coupling treatment projects, with the Shenzhen project being the largest sludge disposal base in China, processing 2,000 tons/day[57]. - The company has successfully implemented major projects in the nuclear power water treatment sector, solidifying its leading position in the market[56]. - The company aims to become a key player in sludge treatment in Nanjing, collaborating with local state-owned assets to enhance its brand influence and market reach[58]. - The company has integrated various resources through a national-level environmental industry innovation platform, enhancing its comprehensive solution capabilities and market competitiveness[50]. - The company has expanded its service capabilities in industrial water treatment, achieving a leading market share in specific segments such as power water treatment[56]. - The company has established a national-level environmental industry technology innovation strategic alliance, undertaking multiple scientific and industrialization projects[53]. Research and Development - The company is focusing on the development of new technologies and processes in water, solid waste, and flue gas treatment to meet rapidly growing market demands[51]. - The company’s R&D investment in 2020 amounted to ¥35,296,167.02, representing 3.84% of total revenue, a decrease from 4.81% in 2019[90]. - The number of R&D personnel decreased to 130 in 2020, representing 22.53% of the total workforce, down from 28.09% in 2019[90]. - The company is currently in the pilot stage for several new technologies, including high-efficiency denitrification and desulfurization systems[90]. - Key projects include the development of zero discharge technology for high-salinity wastewater, aiming to reduce operational costs and support new market opportunities[87]. - The company is working on a new self-sustaining denitrification technology that can save over 60% in operational costs compared to traditional methods, suitable for low carbon-nitrogen ratio wastewater[87]. - A modular wastewater treatment device is in the pilot stage, designed for automated operation and standardization, with potential applications in rural and emergency wastewater treatment[87]. - The company aims to standardize parameters for tubular membrane electrode technology, targeting a treatment cost below 0.3 million CNY/m³ and an operational cost below 1.5 CNY/m³ for chemical wastewater[87]. - The company is developing an integrated smart environmental operation platform to address low network bandwidth and signal stability issues, currently in the research and development stage[6]. - A smart sludge scraper torque measurement device is being developed to enhance continuous operation, with key innovations including automatic torque tracking and high automation levels, currently in the conclusion stage[7]. - A drone gas sampling measurement system is under development, capable of monitoring multiple gas parameters and particulate matter, with real-time data transmission capabilities, currently in the conclusion stage[8]. - The company is researching intelligent control technology for municipal wastewater treatment, aiming to reduce manual operations and improve accuracy in executing wastewater process parameters, currently in the conclusion stage[9]. - A high-speed 5G wireless surveillance camera is being developed, with a target image transmission rate of no less than 1 Gbps and an average bandwidth reduction of at least 35%, currently in the conclusion stage[11]. - The company plans to create a "smart IoT environmental monitoring cloud platform" for real-time monitoring of wastewater treatment and water quality, with a target data collection capacity of up to 10,000 data points, currently in the conclusion stage[12]. - A sludge delivery system is being developed to automatically remove impurities from sludge with a moisture content of 60%, currently in the research and development stage[13]. - The company is working on a belt drying machine to enhance the filtration and granulation systems for sludge treatment, ensuring high impurity removal rates, currently in the research and development stage[14]. - A sludge incoming material management system is being developed to automate the unloading and distribution of sludge transport vehicles, aimed at reducing labor costs and improving unloading efficiency, currently in the pilot testing stage[15]. Shareholder and Dividend Information - The company reported a net profit attributable to shareholders of RMB 177,012,440.92 for the year 2020, with a legal surplus reserve of RMB 11,671,441.90 deducted[130]. - The total distributable profit available for shareholders as of December 31, 2020, was RMB 845,483,718.40, with a year-end capital reserve balance of RMB 200,168,060.28[130]. - The company proposed a cash dividend of RMB 0.50 per share (including tax), totaling RMB 26,035,527.50, which represents 14.71% of the net profit for 2020[131]. - The capital reserve conversion plan included a proposal to increase the share capital by 3 shares for every 10 shares held, resulting in a total of 156,213,165 new shares[131]. - The cash dividend distribution plan was approved at the 2019 annual general meeting, with a total cash dividend of RMB 26,097,500.00 for the year 2019, representing 18.26% of the net profit[132]. - The company maintained a consistent cash dividend policy, with no revisions made to the existing policy during the reporting period[125]. - The cash dividend distribution for the year 2020 was fully compliant with the company's articles of association and shareholder resolutions[126]. - The company’s cash dividend total (including other methods) accounted for 100% of the profit distribution total[127]. - The company is in a growth phase and plans to maintain a minimum cash dividend ratio of 20% in future distributions[128]. - The total cash dividend for 2020 was ¥26,035,527.50, representing 14.71% of the net profit attributable to ordinary shareholders[135]. - In 2019, the cash dividend amounted to ¥26,097,500.00, which was 18.26% of the net profit attributable to ordinary shareholders[135]. - The cash dividend for 2018 was ¥26,110,000.00, accounting for 21.36% of the net profit attributable to ordinary shareholders[135]. - The company reported a positive profit available for distribution to ordinary shareholders but did not propose a cash dividend distribution plan during the reporting period[135]. Risk Management and Compliance - The company emphasizes risk management, particularly in response to the ongoing COVID-19 pandemic, which has heightened the demand for urban public ecological environment services[116]. - The company is enhancing its internal control systems, including legal, procurement, quality, safety supervision, and auditing, to strengthen risk control and ensure healthy development[113]. - The company has implemented measures to manage accounts receivable risks, including contract management and increased collection efforts[121]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[136]. - There were no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[139]. - The company has not made any profit forecasts for assets or projects during the reporting period[139]. - The company has committed to avoiding any competition with its subsidiaries and has provided a commitment letter to this effect[137]. - The company has established measures to ensure that any related party transactions are conducted under fair and reasonable conditions[137]. Share Structure and Stock Incentives - The total number of shares before the recent changes was 521,950,000, with a decrease of 1,239,450 shares, resulting in a total of 520,710,550 shares after the changes[187]. - The company repurchased and canceled a total of 1,104,600 restricted stocks due to the disqualification of certain incentive targets[188]. - The second lock-up period for 3,821,850 shares of the 2018 restricted stock incentive plan was approved for release, with 68 eligible incentive targets[189]. - The total share capital of the company is 520,710,550 shares, with 1,239,450 restricted stock units canceled in 2020[190]. - The number of stockholders holding more than 5% of shares includes Wang Zhengfu with 28.21% (146,912,004 shares) and Lin Huisheng with 4.49% (23,400,372 shares) as of the end of the reporting period[198]. - A total of 1,104,600 restricted stock units were repurchased and canceled at a price of 3.88 CNY per share due to the disqualification of 8 incentive recipients[195]. - The company’s total shares decreased from 521,950,000 to 520,845,400 shares after the cancellation of restricted stock units[195]. - The company repurchased and canceled an additional 134,850 restricted stock units at a price of 3.93 CNY per share due to the disqualification of 21 incentive recipients[196]. - The number of restricted shares at the end of the reporting period is 144,688,563 shares, down from 175,053,909 shares at the beginning[193]. - The company has 37,516 common stockholders at the end of the reporting period[198]. - The company’s stockholder structure includes significant holdings by key executives, with Wang Zhengfu holding 110,184,003 restricted shares[192]. - The company has implemented a stock incentive plan with a gradual unlocking mechanism for restricted shares, typically at a rate of 25% per year[192]. - The company’s stock repurchase and cancellation activities are in compliance with regulatory requirements and have been confirmed by the China Securities Depository and Clearing Corporation[195]. Financial Management and Investments - The company has engaged in cash asset management, with a total of CNY 135,775 million in entrusted financial management, including CNY 34,675 million in bank financial products and CNY 91,500 million in trust financial products[162]. - The company has no overdue amounts in its entrusted financial management[162]. - The company has ongoing major contracts, including a total contract amount of CNY 7,980 million with China Nuclear Engineering Corporation, currently in the design phase[160]. - The company has a contract with China Machinery Equipment Corporation amounting to CNY 6,431.85 million, currently in the warranty phase[160]. - The company has a contract with Jiangsu Debang Xinhua Chemical Co., amounting to CNY 6,615 million, currently in the equipment procurement stage[160]. - The company has a contract with Shandong Shouguang Luqing Stone Co., amounting to CNY 8,800 million, currently in the debugging phase[160]. - The company has a contract with Dongguan Lingyi Precision Manufacturing Co., amounting to CNY 6,550 million, currently in the civil construction phase[160]. - The total amount of trust financial products issued by AVIC Trust reached 1,800 million with a return rate of 7.00%[164]. - AVIC Trust also issued a trust financial product amounting to 5,000 million, achieving a return of 207.12 million, which corresponds to a 7.00% return rate[164]. - A trust financial product of 9,000 million was issued by AVIC Trust, generating a return of 403.89 million at a rate of 7.00%[164]. - The financial product from Ningbo Bank amounted to 2,000 million with a return of 0.5 million, reflecting a return rate of 3.06%[164]. - A total of 6,600 million was raised by Ningbo Bank, yielding a return of 0.54 million at a rate of 3.01%[164]. - AVIC Trust issued another financial product of 5,000 million, which generated a return of 211 million at a return rate of 7.30%[164]. - The financial product from Minsheng Wealth amounted to 1,000 million, achieving a return of 41.42 million with a return rate of 7.20%[165]. - A trust financial product from AVIC Trust raised 3,300 million, yielding a return of 105.82 million at a rate of 7.70%[165]. - The total amount of financial products issued by AVIC Trust in 2020 reached 7,500 million, generating a return of 278.26 million at a return rate of 7.40%[165]. - The financial product from Huaren Trust amounted to 500 million, achieving a return of 0.08 million with a return rate of 3.07%[165]. - The company reported a total of 2,000 million in self-raised funds with an interest rate of 7.20% for a financial product maturing on September 7, 2020[166]. - Another financial product raised 5,000 million with a 7.30% interest rate, maturing on November 19, 2020, showing strong investor interest[166]. - The company issued a financial product of 3,500 million at a 7.00% interest rate, maturing on December 8, 2020, indicating continued growth in trust products[166]. - A financial product from Minsheng Wealth raised 2,000 million with a 7.20% interest rate, maturing on February 25, 2021, reflecting ongoing market confidence[167]. - The company has consistently offered competitive interest rates, with products ranging from 1.75% to 7.80% across various financial instruments[166][167]. - The total amount raised through various financial products in 2020 reached approximately 20,000 million, demonstrating robust fundraising capabilities[166]. - The company plans to expand its product offerings and enhance market penetration through strategic partnerships and innovative financial solutions[166]. - The average interest rate across the financial products offered was approximately 6.50%, indicating a strong yield for investors[166]. - The company is focusing on increasing its market share in the trust and banking sectors through targeted marketing strategies and product diversification[167]. - Future outlook includes a commitment to maintaining high interest rates and expanding the range of financial products to attract more investors[166]. Social Responsibility and Compliance - The company emphasizes its commitment to social responsibility, aiming to improve the environment and maintain transparency with investors[177]. - The company has established a stable profit distribution policy to ensure reasonable returns to shareholders[177]. - The company is classified as a key pollutant discharge unit, with specific pollutants monitored and managed according to national standards[180]. - The company has implemented effective pollution control measures, achieving compliance with the Class A standard for wastewater discharge[