债券代码：123049 债券简称：维尔转债 维尔利环保科技集团股份有限公司 关于召开 2022 年度网上业绩说明会的通知 | | | 本公司董事会及董事保证本公告内容不存在虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性负个别及连带责任。 维尔利环保科技集团股份有限公司（以下简称"公司"）2022 年度报告全文 及摘要已于 2023 年 4 月 25 日披露。为了更好地与广大投资者进行交流，便于投 资者进一步了解公司的生产经营情况，公司定于 2023 年 5 月 12 日（星期五）下 午 15:00-17:00 在全景网举办 2022 年度业绩说明会。本次年度业绩说明会将采用 网络远程的方式举行，投资者可登录"全景•路演天下" (http://rs.p5w.net)参与本 次年度业绩说明会。 出席本次 2022 年度业绩说明会的公司成员有：董事长李月中先生、副董事 长宗韬先生、总裁李遥先生、董事会秘书杨刚先生、财务总监何健先生、独立董 事高允斌先生。 为进一步做好中小投资者保护工作，增进投资者对公司的了解和认同，现就 公司 2022 年度业绩说明会提前向投资者征集相关问题，广泛听取投资者 ...

证券代码：300190 证券简称：维尔利 维尔利环保科技集团股份有限公司投资者关系活动记录表 编号：2022-001 | --- | --- | |----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系活动 | 特定对象调研 □ 分析师会议 | | 类别 | 媒体采访 □ 业绩说明会 | | | 新闻发布会 □ 路演活动 | | | 现场参观 | | | 其他电话会议 | | 参与单位名称及 | 广发证券郭鹏、姜涛 交银施罗德基金 高逸云 兴全基金 | | 人员姓名 | 廖玉乐 财通基金 白沁雨 中庚基金 胡坤 长安基金 林 忠晶 浙商证券资管产管理有限公司 刘淼 进门财经 林宜 杜南青 国联证券 赵宇 中国人保资产管理有限公司 田 | | 时间 | 2022 ...

维尔利环保科技集团股份有限公司 2022 年第三季度报告 证券代码：300190 证券简称：维尔利 公告编号：2022-079 债券代码：123049 债券简称：维尔转债 维尔利环保科技集团股份有限公司 2022 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报 告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 1 维尔利环保科技集团股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,012,862,667.05, a decrease of 36.14% compared to ¥1,586,011,726.56 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥34,102,358.29, down 74.00% from ¥131,168,653.86 year-on-year[20]. - Basic earnings per share decreased by 76.47% to ¥0.04 from ¥0.17 in the same period last year[20]. - The net profit after deducting non-recurring gains and losses was ¥14,372,349.32, down 88.33% from ¥123,143,692.85 year-on-year[20]. - Operating profit for the same period was CNY 39,589,201.09, down 70.63% year-on-year, while net profit attributable to shareholders decreased by 74.00% to CNY 34,102,358.29[40]. - The company's revenue from environmental engineering was CNY 271,064,968, a decrease of 71.98% compared to the same period last year, with a gross margin of 24.78%[53]. - Revenue from environmental equipment reached CNY 209,370,764, an increase of 19.04% year-on-year, with a gross margin of 37.36%[53]. - Operating services generated CNY 261,112,969 in revenue, reflecting a 25.63% increase from the previous year, with a gross margin of 21.48%[53]. - The company reported a total revenue of 27,517 million CNY for the first half of 2022, with a 100% utilization of the funds raised[66]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[93]. - The company reported a total revenue of 6,000 million for the first half of 2022, showing a significant increase compared to the previous period[124]. - The total revenue for the first half of 2022 was approximately 2.7 billion yuan, representing a 14% increase compared to the previous year[192]. - The total revenue for the period reached 3,756 million, indicating a robust performance in the market[198]. Cash Flow and Investments - The net cash flow from operating activities was -¥72,988,449.87, an improvement of 34.67% compared to -¥111,716,179.38 in the previous year[20]. - The net cash flow from operating activities improved by 35.42%, moving from -¥111,716,179.38 to -¥72,988,449.87, attributed to increased tax refunds and reduced tax payments[52]. - The company's cash and cash equivalents at the end of the reporting period were CNY 946,673,970, a decrease of 1.47% from the previous year[57]. - The total cash inflow from financing activities was 733,009,239.74 CNY, an increase from 596,095,000.00 CNY in the previous period, reflecting improved financing efforts[186]. - The net cash flow from financing activities was -42,019,475.88 CNY, showing an improvement compared to -86,763,849.96 CNY in the previous period[186]. - The total cash outflow from investment activities was 957,760,788.07 CNY, significantly higher than 312,345,598.93 CNY in the previous period, suggesting increased investment expenditures[186]. - The company received 701,000,000.00 CNY in new borrowings, compared to 596,095,000.00 CNY in the previous period, reflecting a strategy to leverage debt for growth[186]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,497,239,147.94, a decrease of 1.41% from ¥10,647,452,922.92 at the end of the previous year[20]. - The company's total assets amounted to CNY 7,712,220,059.46, slightly down from CNY 7,798,611,938.36 at the end of 2021[174]. - The total liabilities decreased from CNY 6,131.20 million to CNY 6,013.36 million[170]. - The company's total equity attributable to shareholders decreased from CNY 4,379.17 million to CNY 4,333.67 million[170]. - The total equity attributable to the parent company showed fluctuations, reflecting changes in retained earnings and other comprehensive income[188]. Research and Development - Research and development investment decreased by 21.74% to ¥45,515,125.21 from ¥58,159,957.32, indicating a reduction in R&D activities[52]. - The company has cumulatively used RMB 731,117,321.36 of the raised funds by the end of 2021, with a remaining balance of RMB 182,572,174.45[63]. - The company has received several awards for technological progress, including first and third prizes from Jiangsu Province, and has participated in drafting multiple industry standards[42]. - The company has established a management system that enhances operational efficiency and risk prevention across its subsidiaries[50]. - The company is committed to enhancing its competitive edge through digital transformation and continuous improvement of its core technologies[28]. - The company has allocated 150 million yuan for research and development to innovate and improve product offerings[190]. Market Strategy and Expansion - The company aims to expand its business into landfill closure and other emerging sectors to enhance operational performance[34]. - The company is actively expanding its industrial wastewater treatment business and landfill closure services, alongside its wet waste treatment initiatives[41]. - The company is focusing on digital transformation, having nearly completed its enterprise management software platform to optimize project lifecycle management[44]. - The company is exploring potential mergers and acquisitions to enhance its competitive edge in the environmental technology sector[190]. - The company plans to expand its market presence by launching new products and enhancing technology development in the upcoming quarters[190]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2023[93]. Environmental Compliance - The company reported a total COD discharge of 6.6 tons, which is 13.2 tons per year, within the standard limit of ≤50 mg/L[90]. - The ammonia nitrogen discharge was recorded at 1.32 tons, equating to 3.3 tons per year, also compliant with the standard limit of ≤10 mg/L[90]. - The company has implemented measures to ensure compliance with environmental standards and regulations[90]. - The company actively responds to national environmental protection requirements and improves waste disposal efficiency[99]. - The company has received environmental impact approvals from relevant authorities for its projects, demonstrating regulatory compliance[96]. Risks and Challenges - The company is facing risks in its operations, which are discussed in detail in the report[5]. - The company faces risks from macroeconomic fluctuations, particularly due to the ongoing COVID-19 pandemic, which has impacted the domestic and international economic environment[76]. - Rising material costs due to various factors, including the pandemic, pose a risk to project execution and operational costs; the company aims to improve procurement processes and utilize digital platforms for cost management[78]. - The company is exposed to risks related to policy changes in the environmental sector, which can significantly affect market demand; it plans to actively track and adapt to these changes[77]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,708[141]. - The largest shareholder, Changzhou Dezese Industrial Investment Co., Ltd., holds 35.26% of shares, totaling 275,572,256 shares[142]. - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[143]. - The proportion of pledged shares by the largest shareholder reaches 80% of their total holdings[144]. Corporate Governance - The company completed the new board of directors' election in June 2022, resulting in changes in directors and senior management personnel[136]. - The company maintains open communication with shareholders through various channels, ensuring transparency and engagement[98]. - The company has established a comprehensive employee training program, enhancing skills and promoting overall development[98].

Financial Performance - The company's revenue for Q1 2022 was CNY 434,019,954.88, a decrease of 34.58% compared to CNY 663,402,652.98 in the same period last year[4] - Net profit attributable to shareholders was CNY 30,852,114.73, down 44.41% from CNY 55,501,699.38 year-on-year[4] - The total operating revenue for Q1 2022 was CNY 434,019,954.88, a decrease of 34.6% compared to CNY 663,402,652.98 in the same period last year[21] - The net profit for Q1 2022 was CNY 32,941,981.84, a decline of 40.6% compared to CNY 55,480,645.43 in Q1 2021[22] - The basic earnings per share for Q1 2022 was CNY 0.04, down from CNY 0.07 in Q1 2021[23] Cash Flow - The net cash flow from operating activities was negative CNY 208,620,292.76, a decline of 46.62% compared to negative CNY 142,287,722.28 in the previous year[4] - The cash inflow from operating activities was CNY 536,097,638.76, compared to CNY 546,497,084.59 in the previous year[25] - The company reported a total cash outflow from operating activities of 744,717,931.52 CNY, which is an increase from 688,784,806.87 CNY, indicating a rise of approximately 8.1%[26] - The company's net increase in cash and cash equivalents was -291,267,889.78 CNY, compared to -1,892,927.69 CNY in the previous year, indicating a significant deterioration in cash flow[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,531,882,327.61, a decrease of 1.09% from CNY 10,647,452,922.92 at the end of the previous year[4] - The company's total liabilities decreased to CNY 5,976,424,439.83 from CNY 6,131,200,495.86, reflecting a reduction of 2.5%[20] - The total equity attributable to shareholders increased to CNY 4,410,021,222.34 from CNY 4,379,167,331.79, representing a growth of 0.7%[20] - The total current assets decreased to ¥5,882,655,796.98 from ¥6,001,407,709.10[18] - The company's accounts receivable decreased to ¥1,740,392,528.55 from ¥1,768,352,313.06, indicating a reduction of about 1.6%[18] Investment Activities - Investment income increased significantly by 1383.46% to CNY 17,049,850.85, primarily due to the transfer of equity in certain associates[8] - The company reported an investment income of CNY 17,049,850.85, significantly higher than CNY 1,149,333.07 in the same period last year[21] - The company experienced a 2521.01% increase in cash paid for other investment activities, amounting to CNY 395,000,000.00, indicating a substantial rise in structured deposit purchases[9] - The cash inflow from investment activities totaled 239,188,460.46 CNY, compared to 143,209,408.12 CNY in the previous year, marking an increase of about 67.1%[26] Research and Development - Research and development expenses decreased by 40% to CNY 16,327,766.17 compared to the same period last year[8] - Research and development expenses for Q1 2022 were CNY 16,327,766.17, down 40.1% from CNY 27,213,034.82 in Q1 2021[21] Convertible Bonds - The company has 9,169,865 convertible bonds remaining, with a total face value of ¥916,986,500[15] - A total of 2,522 convertible bonds were converted, resulting in the issuance of 33,680 shares of the company's stock[15] - The company plans to implement a public offering of convertible bonds, which was first announced in May 2019[14] - The company completed interest payments on its convertible bonds for the period from April 13, 2021, to April 12, 2022[15]

Financial Performance - The company's revenue for Q1 2022 was CNY 434,019,954.88, a decrease of 34.58% compared to CNY 663,402,652.98 in the same period last year[4] - Net profit attributable to shareholders was CNY 30,852,114.73, down 44.41% from CNY 55,501,699.38 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 434,019,954.88, a decrease of 34.6% compared to CNY 663,402,652.98 in the same period last year[21] - Net profit for Q1 2022 was CNY 32,941,981.84, a decline of 40.5% compared to CNY 55,480,645.43 in Q1 2021[22] - Earnings per share for Q1 2022 was CNY 0.04, down from CNY 0.07 in the previous year[23] Cash Flow - The net cash flow from operating activities was negative at CNY -208,620,292.76, a decline of 46.62% compared to CNY -142,287,722.28 in the previous year[4] - The cash inflow from operating activities totaled $536,097,638.76, a decrease from $546,497,084.59 in the previous period[25] - The cash outflow from operating activities amounted to $744,717,931.52, compared to $688,784,806.87 in the prior period, resulting in a net cash flow from operating activities of -$208,620,292.76, worsening from -$142,287,722.28[26] - The net increase in cash and cash equivalents was -$291,267,889.78, compared to -$1,892,927.69 in the previous period[27] Assets and Liabilities - The company's total assets increased by 5.57% to CNY 10,531,882,327.61 from CNY 9,976,608,434.14 at the end of the previous year[4] - As of March 31, 2022, the total assets of the company amounted to approximately ¥10.53 billion, a decrease from ¥10.65 billion at the beginning of the year[16] - Total liabilities decreased to CNY 5,976,424,439.83 from CNY 6,131,200,495.86, reflecting a reduction of 2.5%[20] - Total equity increased to CNY 4,555,457,887.78 from CNY 4,516,252,427.06, representing a growth of 0.9%[20] Investment and Expenses - Research and development expenses decreased by 40% to CNY 16,327,766.17 compared to the same period last year[8] - Investment income surged by 1383.46% to CNY 17,049,850.85, attributed to the transfer of equity in certain joint ventures[8] - The company reported a credit impairment loss of CNY 17,122,274.36, compared to a gain of CNY 989,023.08 in the previous year[22] - The cash paid for the purchase of fixed assets and intangible assets decreased by 47.48% to CNY 82,708,213.49 compared to the previous year[9] Shareholder Information - The company has issued a total of 9,172,387 convertible bonds, with a total fundraising amount of approximately ¥917.24 million[14] - As of the report date, 2,522 convertible bonds had been converted into 33,680 shares of the company's stock[15] - The company has a significant portion of its shares held by major shareholders, with the largest shareholder holding 35.26% of the total shares[12] Strategic Focus - The company plans to continue its strategy of expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[14] - The company has not reported any new mergers or acquisitions in the current quarter, focusing instead on organic growth strategies[14]

Financial Performance - The company reported a significant increase in revenue, with a total of 781,587,620.00 CNY for the year 2021, reflecting a robust financial performance[11]. - The company's operating revenue for 2021 was ¥3,153,242,136.82, a decrease of 1.55% compared to ¥3,202,734,193.99 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥186,250,872.97, down 47.87% from ¥357,309,344.37 in 2020[24]. - The net cash flow from operating activities decreased by 10.29% to ¥325,378,788.32 in 2021 from ¥362,711,408.89 in 2020[24]. - Basic earnings per share dropped to ¥0.24 in 2021, a decline of 47.83% from ¥0.46 in 2020[24]. - The total assets at the end of 2021 increased by 8.50% to ¥10,647,452,922.92 from ¥9,813,021,924.24 at the end of 2020[24]. - The net assets attributable to shareholders rose by 2.43% to ¥4,379,167,331.79 at the end of 2021 compared to ¥4,275,201,748.98 at the end of 2020[24]. - The company reported a significant decrease in net profit excluding non-recurring gains and losses, which was ¥159,201,609.33 in 2021, down 47.25% from ¥301,777,840.03 in 2020[24]. - The company's operating profit was ¥185,545,011.54, down 54.87% year-on-year, and net profit attributable to shareholders was ¥186,250,872.97, a decline of 47.87%[48]. - The company reported a significant increase in financial expenses compared to the previous year, impacting profit margins[48]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares to all shareholders, indicating a commitment to returning value to investors[11]. - The proposed cash dividend distribution for 2021 is CNY 1 per 10 shares, totaling CNY 78,158,762, based on a total of 781,587,620 shares[166]. - The total distributable profit available for shareholders after accounting for legal reserves and retained earnings is CNY 609,180,451.75[166]. Market and Competitive Landscape - The competitive landscape in the environmental sector has intensified, with numerous strong competitors entering the market, prompting the company to enhance its R&D efforts and maintain its technological edge[6]. - The company is actively pursuing mergers and acquisitions to expand its business and market presence, which may introduce additional financial risks if the acquired entities do not perform as expected[10]. - The company is focusing on organic waste resource utilization, emphasizing digital transformation and R&D innovation to enhance competitiveness and industry standing[42]. - The company aims to leverage policy opportunities to expand its anaerobic technology across various sectors, aiming to increase market share and operational performance[40]. - The company is exploring market expansion opportunities to enhance its service offerings in environmental technology[176]. Operational Challenges and Risks - The company is facing risks from macroeconomic fluctuations, particularly due to the ongoing COVID-19 pandemic, which may impact the environmental industry significantly[5]. - Rising material costs due to various factors, including the pandemic, pose a risk to project execution and operational costs, leading the company to implement measures to manage procurement effectively[8]. - The company is closely monitoring policy changes in the environmental sector to capitalize on opportunities and adapt its business strategies accordingly[8]. - The company is focusing on improving its accounts receivable management to mitigate risks associated with high receivables, ensuring better cash flow and reducing potential bad debts[11]. - The company will emphasize cash flow management and accounts receivable collection to improve operational cash flow and reduce financial risks[115]. Research and Development - The company emphasizes research and development, expanding its R&D team and enhancing the efficiency of technology development[50]. - The company has been engaged in leachate treatment for nearly 20 years, possessing advanced core technologies such as MBR, anaerobic, ultrafiltration, nanofiltration, and reverse osmosis[36]. - The company has established a group industry research institute to accelerate the R&D process across various business units[53]. - The company's R&D investment amounted to approximately ¥116.86 million in 2021, representing 3.71% of total revenue, an increase from 3.45% in 2020[74]. - The number of R&D personnel increased by 10.74% from 242 in 2020 to 268 in 2021, with a notable rise in the proportion of personnel holding bachelor's degrees[74]. Environmental Compliance and Initiatives - The company is classified as a key pollutant discharge unit, with specific emissions data reported for various pollutants, including COD at 6.6 tons and ammonia nitrogen at 1.32 tons[175]. - The company has committed to continuous improvement of its internal control system to adapt to business growth and external market changes[172]. - The company is focused on enhancing its environmental compliance and reducing emissions across its operations[176]. - The company plans to invest in new technologies to further improve its wastewater treatment processes[177]. - The company has successfully implemented all environmental protection facilities as per the environmental impact assessment approvals from relevant authorities[181]. Governance and Management - The company has a board of directors consisting of 9 members, including 3 independent directors, complying with legal and regulatory requirements[121]. - The company has established a complete internal control system in compliance with relevant laws and regulations, enhancing governance and risk management capabilities[168]. - The company has a strategic and investment committee, a compensation and assessment committee, an audit committee, and a nomination committee to oversee various functions[121]. - The company actively engages in social responsibility initiatives, contributing to environmental governance and social harmony[122]. - The company has a differentiated compensation policy that includes basic salary, performance pay, social security, and housing fund, aimed at enhancing employee motivation and belonging[159]. Future Outlook and Strategic Plans - Future outlook includes a projected revenue growth of 15% for 2022, driven by new product launches and market expansion strategies[128]. - The company plans to invest 91,723.87 million in various projects, with 27,517.16 million allocated for working capital[104]. - The company aims to strengthen its market position amid increasing competition in the environmental protection industry, driven by stringent regulations and growing market demand[110]. - The company plans to increase its workforce by 10% in 2022 to support growth initiatives and enhance service delivery[130]. - The company will continue to advance its digital transformation, aiming to complete the enterprise management software platform to optimize business processes and improve operational efficiency[114].

Financial Performance - The company's revenue for Q3 2021 was CNY 773,870,106.95, representing a 6.69% increase year-over-year, while the year-to-date revenue reached CNY 2,359,881,833.51, up 17.30% compared to the same period last year [5]. - The net profit attributable to shareholders for Q3 2021 was CNY 38,162,751.24, a significant decrease of 71.81% year-over-year, with a year-to-date net profit of CNY 169,331,405.10, down 43.27% [5]. - The weighted average return on equity was 0.88% for Q3 2021, down 2.37% year-over-year, reflecting challenges in profitability [5]. - The net profit attributable to shareholders was CNY 169,331,405.10, a decrease of 43.27% year-on-year; the net profit after deducting non-recurring gains and losses was CNY 150,658,843.24, down 39.53% year-on-year [16]. - Net profit for the period was ¥168,455,649.33, a decrease from ¥299,755,758.85 in the same quarter last year [24]. - Earnings per share (basic) decreased to ¥0.22 from ¥0.38 in the previous year [24]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 10,275,795,479.79, reflecting a 4.72% increase from the end of the previous year [5]. - As of September 30, 2021, total assets amounted to CNY 10,275,795,479.79, compared to CNY 9,813,021,924.24 at the end of 2020 [19]. - Current assets totaled CNY 5,806,596,483.10, an increase from CNY 5,501,162,799.07 at the end of 2020 [17]. - The company's total liabilities increased, with accounts payable rising to CNY 1,513,541,890.00 from CNY 1,372,746,517.74 at the end of 2020 [19]. - Total liabilities increased to ¥5,776,568,207.55 from ¥5,403,707,642.65 year-on-year [23]. - Total equity attributable to shareholders of the parent company rose to ¥4,363,990,495.40 from ¥4,275,201,748.98 [23]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 50,982,300.75 for the year-to-date period, marking an 81.91% increase in cash outflow compared to the previous year [5]. - The cash inflow from operating activities was CNY 1,977,094,764.45, an increase of 26.3% compared to CNY 1,565,788,101.84 in the previous period [26]. - The net cash outflow from operating activities was CNY -50,982,300.75, improving from CNY -281,758,306.64 in the same period last year [26]. - The total cash outflow from operating activities was CNY 2,028,077,065.20, compared to CNY 1,847,546,408.48 in the previous period [26]. - The ending cash and cash equivalents balance was CNY 549,827,785.92, down from CNY 953,944,381.96 at the end of the previous period [27]. Research and Development - Research and development expenses for the year-to-date period amounted to CNY 93,617,447.1, an increase of 52.36% compared to the previous year, indicating a focus on innovation and development [9]. - Research and development expenses increased to ¥93,617,447.10 from ¥61,445,003.92, reflecting a focus on innovation [23]. Operational Efficiency - The company is implementing multiple measures to reduce project execution and operational costs to improve profitability [16]. - The company continues to explore market expansion and new product development strategies to enhance future growth prospects [24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,481, indicating a stable shareholder base [13].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,586,011,726.56, representing a 23.28% increase compared to CNY 1,286,491,954.16 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 19.57% to CNY 131,168,653.86 from CNY 163,087,547.63 in the previous year[20]. - Basic earnings per share decreased by 19.05% to CNY 0.17 from CNY 0.21 in the same period last year[20]. - The diluted earnings per share also decreased by 15.79% to CNY 0.16 from CNY 0.19 in the previous year[20]. - The weighted average return on net assets was 3.02%, down from 4.10% in the same period last year[20]. - The net profit for the first half of 2021 was CNY 128.53 million, a decrease of 21.4% compared to CNY 163.45 million in the same period of 2020[200]. - The total profit amounted to CNY 142.85 million, down 26.0% from CNY 193.13 million year-on-year[200]. - Operating profit decreased to CNY 134.79 million, a decline of 30.6% from CNY 194.14 million in the previous year[200]. - The company reported a tax expense of CNY 14.32 million, which is a reduction of 51.8% compared to CNY 29.68 million in the prior year[200]. - The net profit attributable to the parent company was CNY 131.17 million, down 19.6% from CNY 163.09 million in the same period last year[200]. Cash Flow and Assets - The net cash flow from operating activities improved by 28.63%, reaching CNY -111,716,179.38, compared to CNY -156,526,647.42 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 10,146,315,225.94, an increase of 3.40% from CNY 9,813,021,924.24 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 1.18% to CNY 4,325,826,004.49 from CNY 4,275,201,748.98 at the end of the previous year[20]. - Cash and cash equivalents increased to CNY 806.51 million from 754.22 million at the end of last year[190]. - Accounts receivable rose to CNY 2,050.74 million, up from 1,747.07 million at the end of last year[190]. - The company's long-term debt stands at 850.76 million, an increase from 781.32 million at the end of last year[192]. - The total liabilities amount to 5,689.02 million, compared to 5,403.71 million at the end of last year[192]. Research and Development - The company increased its R&D expenditure by 52.59% compared to the previous year, focusing on solid waste disposal technologies[39]. - Research and development expenses for the first half of 2021 were CNY 58,159,957.32, up 52.6% from CNY 38,115,550.01, highlighting a commitment to innovation[198]. - The company is focusing on enhancing its R&D capabilities and exploring market expansion opportunities to drive future growth[200]. Environmental Initiatives - The company focuses on "urban and rural organic waste resource utilization" and "industrial energy conservation and environmental protection" as its main business areas[27]. - The company has established a strong position in the leachate treatment market, with a projected demand for leachate treatment reaching RMB 47.88 billion from 2019 to 2025[31]. - The company has developed the EMBT technology for resourceful and harmless treatment of kitchen waste, with successful projects already operational[33]. - The company reported a total of 0.24 tons of COD emissions, which is within the annual limit of 13.2 tons[108]. - The company’s ammonia nitrogen emissions were recorded at 0.09 tons, significantly below the annual limit of 3.3 tons[108]. - The company’s total nitrogen emissions were 0.16 tons, well within the annual limit of 5.28 tons[108]. - The company’s total phosphorus emissions were 0.003 tons, far below the annual limit of 0.396 tons[108]. - The company’s sulfur dioxide emissions were 6.53 tons, which is below the annual limit of 78.456 tons[109]. - The company’s nitrogen oxides emissions were recorded at 20.90 tons, well within the annual limit of 0.21 tons[109]. - The company’s particulate matter emissions were 0.54 tons, significantly below the annual limit of 29.26 tons[109]. Business Strategy and Market Position - The company is actively exploring new business areas, including industrial wastewater treatment and low-concentration gas catalytic oxidation, to expand its market presence[37]. - The company is leveraging carbon neutrality policies to develop carbon asset projects, aiming to enhance project profitability[40]. - The company has implemented a digital transformation strategy to optimize business processes and improve management efficiency[41]. - The company is committed to continuous innovation and digital transformation to enhance its service offerings and market competitiveness[27]. - The company is focusing on expanding its market presence through various new projects and technologies, aiming for sustainable growth in the environmental sector[81]. - The company anticipates continued growth in the second half of 2021, driven by increased demand for its environmental services and products[149]. Shareholder and Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has strengthened its management oversight of subsidiaries to enhance operational standards and mitigate financial risks[42]. - The company emphasizes shareholder rights protection by adhering to legal regulations and facilitating shareholder participation in meetings[116]. - The company has maintained a stable credit rating of AA- for its convertible bonds, with a stable outlook[183]. - The company reported a total revenue of 12,392.03 million for the first half of 2021, showing a significant increase compared to 8,966.82 million in the same period of 2020, representing a growth of approximately 38.5%[148]. Risks and Challenges - The company faced increased competition in the environmental protection industry, prompting a focus on technological innovation and collaboration with large state-owned enterprises to maintain competitive advantages[96]. - The company highlighted risks related to high accounts receivable balances, emphasizing the need for improved management and collection processes to mitigate potential cash flow issues[98]. - The company aims to enhance its financial management and risk control in light of potential financial risks associated with mergers and acquisitions[97].