中节能铁汉生态环境股份有限公司 2021 年年度报告全文 中节能铁汉生态环境股份有限公司 2021 年年度报告 2022 年 04 月 1 中节能铁汉生态环境股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人洪继元、主管会计工作负责人李强及会计机构负责人(会计主管 人员)肖胜梅声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

中节能铁汉生态环境股份有限公司 2021 年第三季度报告 1 证券代码：300197 证券简称：节能铁汉 公告编号：2021-081 中节能铁汉生态环境股份有限公司 2021 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 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|------------------------ ...

中节能铁汉生态环境股份有限公司 2021 年半年度报告全文 中节能铁汉生态环境股份有限公司 2021 年半年度报告 2021 年 08 月 1 中节能铁汉生态环境股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员均保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别 和连带的法律责任。 公司负责人杨鹤峰、主管会计工作负责人李强及会计机构负责人(会计主管 人员)潘静声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的公司未来计划、发展战略等前瞻性陈述，不构成公司对投 资者的实质承诺，请投资者注意投资风险。 1、市场竞争加剧的风险。 公司所处的生态环保及生态环境治理行业与党中央及国家战略高度一致， 且行业处于发展阶段，具有广阔的发展空间和市场前景，市场潜力大，吸引越 来越多国资和有实力的民营企业进入该领域，参与市场竞争的企业数量快速增 长。随着央企、国企对生态环保及生态环境治理行业的快速布局，行业竞争不 断加剧，从而对行业的整体利润水平造成影响。 公司是 ...

中节能铁汉生态环境股份有限公司 2021 年第一季度报告全文 中节能铁汉生态环境股份有限公司 2021 年第一季度报告 2021 年 04 月 1 中节能铁汉生态环境股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人杨鹤峰、主管会计工作负责人李强及会计机构负责人(会计主管 人员)潘静声明：保证季度报告中财务报表的真实、准确、完整。 2 中节能铁汉生态环境股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | □ 是 ...

深圳市铁汉生态环境股份有限公司 2020 年年度报告全文 深圳市铁汉生态环境股份有限公司 2020 年年度报告 2021 年 04 月 1 深圳市铁汉生态环境股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人杨鹤峰、主管会计工作负责人李强及会计机构负责人(会计主管 人员)潘静声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 | --- | |----------------------------------------------------------------------| | | | 本年度报告中涉及的未来发展战略、经营计划等前瞻性内容属于计划性事 | | 项，能否实现取决于市场状况变化等多种因素，存在不确定性，并不代表公司 | | 对未来年度的盈利预测，也不构成公司对投资者及相关人士的实质性承诺。投 | | 资者及相关人士均应对此保持足够的风险认识，并且应当理解计划、预测 ...

Group 1: Event Details - The company will participate in the "High-Quality Development, Being a Respected Listed Company" online investor reception day on December 8, 2020 [1] - The event will be held on the "Panjing Roadshow" online platform from 9:00 to 17:00 [1] - Investors can access the event via the website (http://rs.p5w.net/) or the WeChat public account: Panjing Finance [1] Group 2: Company Representatives - The company's Senior Vice President and Board Secretary, Yang Fengyuan, will communicate with investors during the event [1] - The Chief Financial Officer, Deng Weifeng, will also participate in the online text communication [1] Group 3: Commitment to Transparency - The company and its board members guarantee that the disclosed information is true, accurate, and complete, with no false statements or significant omissions [1]

[Important Notes](index=2&type=section&id=Section%201%20Important%20Notes) The Board of Directors and senior management guarantee the authenticity, accuracy, and completeness of this report - The company's Board of Directors and senior management guarantee the **truthfulness, accuracy, and completeness** of this report and its financial statements[4](index=4&type=chunk)[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Section%202%20Company%20Profile) This section presents key financial data, performance indicators, and shareholder structure information for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's performance declined significantly in the first three quarters of 2020, with a sharp drop in revenue and a shift from profit to loss Key Accounting Data and Financial Indicators (YTD) | Indicator | 2020 Q1-Q3 | YoY Change | | :--- | :--- | :--- | | Operating Revenue (Yuan) | 2,260,844,543.07 | -50.06% | | Net Profit Attributable to Shareholders (Yuan) | -250,723,752.13 | -1,309.42% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (Yuan) | -273,994,502.93 | -40,738.70% | | Net Cash Flow from Operating Activities (Yuan) | -560,500,003.87 | -158.83% | | Basic Earnings Per Share (Yuan/Share) | -0.107 | -1,288.89% | | Weighted Average Return on Equity | -4.76% | -5.08 p.p. | | **Balance Sheet Items (Period-End)** | **September 30, 2020** | **Change from Prior Year-End** | | Total Assets (Yuan) | 29,150,136,937.87 | -0.63% | | Net Assets Attributable to Shareholders (Yuan) | 6,089,187,012.98 | -3.61% | - Non-recurring gains and losses for the period totaled **RMB 23.27 million**, primarily from gains on disposal of fixed assets (RMB 14.72 million) and government grants (RMB 13.18 million)[8](index=8&type=chunk)[11](index=11&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%20at%20the%20End%20of%20the%20Reporting%20Period) The company had 58,174 common shareholders, with the controlling shareholder's stake being heavily pledged Top Ten Common Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio | Number of Shares | | :--- | :--- | :--- | :--- | | Liu Shui | Domestic Individual | 30.62% | 720,715,146 | | Shenzhen Investment Holdings Capital Co., Ltd. - Shenzhen Investment Holdings Win-Win Equity Investment Fund Partnership (Limited Partnership) | Other | 4.98% | 117,271,500 | | Shenzhen Investment Holdings Co., Ltd. | State-owned Legal Entity | 4.84% | 113,975,265 | | Zhongtai Chuangzhan (Zhuhai Hengqin) Asset Management Co., Ltd. | Domestic Non-state-owned Legal Entity | 4.82% | 113,552,404 | | CECEP Capital Holdings Company Limited | State-owned Legal Entity | 3.15% | 74,088,893 | - Approximately **94.26%** of the shares held by the controlling shareholder, Mr. Liu Shui, were pledged (679,331,992 shares)[12](index=12&type=chunk) - At the end of the reporting period, senior executives held a total of 573,076,948 restricted shares, with no changes during the period[21](index=21&type=chunk) [Significant Events](index=7&type=section&id=Section%203%20Significant%20Events) This section details major financial fluctuations and progress on key corporate actions during the period [Analysis of Significant Changes in Financial Data](index=7&type=section&id=I.%20Significant%20Changes%20in%20Key%20Financial%20Data%20and%20Indicators%20and%20Their%20Reasons) The company experienced significant financial fluctuations due to pandemic-related project delays and debt restructuring - Balance sheet item changes: - **Notes Receivable**: Decreased by **62.38%** from the beginning of the year due to a reduction in bank and commercial acceptance bills received[26](index=26&type=chunk) - **Non-current liabilities due within one year**: Decreased by **69.93%** from the beginning of the year as some borrowings were extended and reclassified to long-term borrowings[26](index=26&type=chunk) - **Long-term borrowings**: Increased by **40.20%** from the beginning of the year, mainly due to new long-term loans for PPP projects and the aforementioned reclassification[26](index=26&type=chunk) - Income statement item changes: - **Operating Revenue**: Decreased by **50.06%** YoY due to delayed project commencements and slow progress on certain projects caused by the COVID-19 pandemic[27](index=27&type=chunk) - **Investment Income**: Increased by **4498.30%** YoY, primarily driven by higher returns from BT (Build-Transfer) projects[27](index=27&type=chunk) - **Credit Impairment Loss**: Decreased by **61.79%** YoY due to a lower provision for bad debts on receivables[27](index=27&type=chunk) - Cash flow statement item changes: - **Other cash received relating to operating activities**: Decreased by **76.05%** YoY due to a reduction in the collection of deposits and guarantees[28](index=28&type=chunk) - **Cash received from borrowings**: Decreased by **38.41%** YoY as the company obtained fewer bank loans during the period[31](index=31&type=chunk) - **Other cash paid relating to financing activities**: Decreased by **88.68%** YoY due to reduced payments for bank acceptance bill margins[31](index=31&type=chunk) [Progress on Significant Events](index=8&type=section&id=II.%20Progress%20of%20Significant%20Events%20and%20Analysis%20of%20Their%20Impact%20and%20Solutions) Key developments include SASAC's approval for a change in control and adjustments to a private placement plan - In September 2020, the State-owned Assets Supervision and Administration Commission (SASAC) principally approved the plan for **China Energy Conservation and Environmental Protection Group** to acquire control of the company through a share transfer and subscription to a private placement[32](index=32&type=chunk) - The company's private placement plan was adjusted: the number of subscribers was reduced from 2 to 1, the maximum number of shares was lowered from 602 million to **469 million**, and the total proceeds were reduced from no more than RMB 1.806 billion to no more than **RMB 1.407 billion**[35](index=35&type=chunk) [Financial Statements](index=11&type=section&id=Section%204%20Financial%20Statements) This section provides key figures from the consolidated balance sheet, income statement, and cash flow statement [Financial Statement Summary](index=11&type=section&id=I.%20Financial%20Statements) The financial statements show total assets of RMB 29.15 billion and a net loss of RMB 254 million for the first three quarters Key Items from Consolidated Balance Sheet (Unit: Yuan) | Item | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Cash and Cash Equivalents | 3,440,992,617.13 | 4,100,236,509.42 | | Inventories | 5,898,399,919.18 | 7,294,569,858.34 | | Long-term Receivables | 11,420,829,926.77 | 10,452,424,450.78 | | Short-term Borrowings | 7,226,329,074.10 | 6,209,863,568.41 | | Long-term Borrowings | 6,197,082,672.67 | 4,420,023,903.97 | | Total Assets | 29,150,136,937.87 | 29,335,466,866.15 | | Total Liabilities | 22,466,671,660.69 | 22,434,343,549.08 | | Total Equity Attributable to Parent Company | 6,089,187,012.98 | 6,317,079,651.53 | Key Items from Consolidated Income Statement (YTD) (Unit: Yuan) | Item | Current Period Amount (2020 Q1-Q3) | Prior Period Amount (2019 Q1-Q3) | | :--- | :--- | :--- | | Total Operating Revenue | 2,260,844,543.07 | 4,527,367,995.54 | | Total Operating Costs | 2,616,650,515.41 | 4,502,419,782.64 | | Investment Income | 49,938,141.56 | 1,086,012.57 | | Total Profit | -291,270,271.38 | 15,865,171.46 | | Net Profit | -253,907,452.14 | 9,176,848.01 | | Net Profit Attributable to Parent Company | -250,723,752.13 | 20,730,864.25 | Key Items from Consolidated Cash Flow Statement (YTD) (Unit: Yuan) | Item | Current Period Amount (2020 Q1-Q3) | Prior Period Amount (2019 Q1-Q3) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -560,500,003.87 | 952,773,532.40 | | Net Cash Flow from Investing Activities | -919,001,749.49 | -2,152,130,648.89 | | Net Cash Flow from Financing Activities | 519,713,456.47 | 1,184,721,076.48 | | Net Increase in Cash and Cash Equivalents | -959,788,296.89 | -14,636,019.19 | [Notes on Financial Statement Adjustments](index=29&type=section&id=II.%20Explanation%20of%20Financial%20Statement%20Adjustments) The company adopted the new revenue recognition standard, reclassifying certain items to contract assets and liabilities - The company adopted the new revenue standard on January 1, 2020, adjusting opening balances for 2020 without restating prior-year comparative figures[112](index=112&type=chunk) Opening Balance Sheet Adjustments on Adoption of New Standard (Unit: Yuan) | Item | Before Adjustment (2019-12-31) | After Adjustment (2020-01-01) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Inventories | 7,294,569,858.34 | 6,638,091,632.94 | -656,478,225.40 | | Contract Assets | 0 | 656,478,225.40 | 656,478,225.40 | | Advances from Customers | 162,225,123.04 | 0 | -162,225,123.04 | | Contract Liabilities | 0 | 162,225,123.04 | 162,225,123.04 |

深圳市铁汉生态环境股份有限公司 2020 年半年度报告全文 深圳市铁汉生态环境股份有限公司 2020 年半年度报告 1 2020 年 08 月 深圳市铁汉生态环境股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人刘水、主管会计工作负责人邓伟锋及会计机构负责人(会计主管 人员)潘静声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、新冠疫情造成的影响风险 2020 年初，新冠疫情全球爆发，对我国经济发展和世界经济造成较大影响。一季度国内 生产总值下滑，消费、投资均出现大幅下跌。疫情期间，生态环保行业所受影响主要体现在 工程项目招标延迟、限制开工等，存续项目的施工进度延缓导致回款延迟，疫情期间劳务和 物资紧缺、生产要素价格上涨，直接推动运营成本增加等。虽然目前国内疫情已基本得到控 制，公司项目已逐步恢复正常生产经营，但如果后续国内疫情发生不利变化或国外疫情继续 蔓延反复，仍将对公 ...

[Important Notice](index=2&type=section&id=Important%20Notice) This section provides a crucial declaration from the company's management regarding the accuracy and completeness of the quarterly report [Board of Directors' Statement](index=2&type=section&id=Board%20of%20Directors'%20Statement) The company's Board of Directors, Supervisory Board, and all senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and commit to bearing corresponding legal responsibilities - Company management guarantees no false records, misleading statements, or major omissions in this report, assuming individual and joint legal liability[4](index=4&type=chunk) - The company's head, chief accountant, and head of accounting department all declare the financial statements are true, accurate, and complete[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Company%20Profile) This section details the company's key financial performance indicators and shareholder structure for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2020, the company's performance significantly declined, with total operating revenue down 67.18%, net loss attributable to shareholders widening to -RMB 184.26 million, and net cash flow from operating activities decreasing by 643.45% 2020 Q1 Key Financial Indicators | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 318,220,845.77 | 969,528,273.02 | -67.18% | | Net Profit Attributable to Shareholders | -184,256,980.54 | -93,420,044.68 | -97.23% | | Net Cash Flow from Operating Activities | -849,088,089.95 | 156,240,427.26 | -643.45% | | Basic Earnings Per Share | -0.08 | -0.04 | -100.00% | | Total Assets | 28,313,286,098.20 | - | -3.48% (vs. end of prior year) | | Net Assets Attributable to Shareholders | 6,132,835,086.53 | - | -2.92% (vs. end of prior year) | - During the reporting period, non-recurring gains and losses totaled **RMB 1.84 million**, primarily from government subsidies[8](index=8&type=chunk) [Shareholder Information](index=4&type=section&id=Shareholder%20Information) As of the end of the reporting period, the company had 44,656 common shareholders and 2 preferred shareholders, with controlling shareholder Liu Shui holding 30.72% of shares, largely pledged - As of the end of the reporting period, the company had **44,656 common shareholders** and **2 preferred shareholders**[12](index=12&type=chunk)[16](index=16&type=chunk) Top Ten Common Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares | Pledged/Frozen Shares | | :--- | :--- | :--- | :--- | :--- | | Liu Shui | Domestic Natural Person | 30.72% | 720,715,146 | 679,331,992 | | Shenzhen Toukong Capital... (Limited Partnership) | Other | 5.00% | 117,271,500 | 0 | | Shenzhen Investment Holdings Co., Ltd. | State-owned Legal Person | 4.86% | 113,975,265 | 0 | | Zhongtai Chuangzhan (Zhuhai Hengqin) Asset Management Co., Ltd. | Domestic Non-state-owned Legal Person | 4.84% | 113,552,404 | 0 | | CECEP Capital Holdings Co., Ltd. | State-owned Legal Person | 3.16% | 74,088,893 | 0 | Restricted Share Changes | Shareholder Name | Restricted Shares at Beginning of Period | Restricted Shares Released This Period | Restricted Shares at End of Period | | :--- | :--- | :--- | :--- | | Liu Shui | 628,489,984 | 87,953,625 | 540,536,359 | | Zhang Heng | 17,785,685 | 4,080,790 | 13,704,895 | | Chen Yangchun | 16,298,127 | 3,749,990 | 12,548,137 | | **Total** | **679,573,870** | **106,496,922** | **573,076,948** | [Significant Events](index=7&type=section&id=Significant%20Events) This section provides an in-depth analysis of major financial data changes, business operations, risk management, and the progress of significant corporate matters [Analysis of Significant Changes in Financial Data](index=7&type=section&id=Analysis%20of%20Significant%20Changes%20in%20Financial%20Data) During the reporting period, multiple financial indicators changed significantly, with operating revenue sharply decreasing by 67.18% due to COVID-19, prepayments increasing by 30.24%, and operating cash flow turning negative while cash from investments surged by 1269.17% - Operating revenue decreased by **67.18%** year-over-year, primarily due to project delays caused by the COVID-19 pandemic[26](index=26&type=chunk) - Taxes and surcharges increased by **230.63%** year-over-year, mainly due to a significant increase in accrued property tax and surcharges[26](index=26&type=chunk) - In terms of operating cash flow, cash paid for goods and services increased by **48.75%** year-over-year, leading to a substantial decrease in net cash flow from operating activities[27](index=27&type=chunk) - In terms of financing cash flow, cash received from investments increased by **1269.17%** year-over-year, primarily due to a significant increase in minority shareholder investments[30](index=30&type=chunk) [Business Review and Outlook](index=8&type=section&id=Business%20Review%20and%20Outlook) Affected by seasonality and COVID-19, the company's Q1 2020 operations were hindered, leading to significant revenue and profit declines, while facing risks like economic downturn and PPP financing challenges, prompting plans to adjust business structure and introduce state-owned strategic investors [Operating Performance](index=8&type=section&id=Operating%20Performance) In Q1 2020, the company achieved **RMB 318 million** in operating revenue and a net loss of **RMB 184 million** attributable to the parent, securing **8 new engineering projects** totaling **RMB 368 million** amidst pandemic impacts, while continuing R&D and adding **4 authorized patents** - Affected by seasonal factors and the COVID-19 pandemic, the company's Q1 2020 operations were significantly impacted, with a low project resumption rate[31](index=31&type=chunk) - In the first quarter, **8 new engineering projects** were awarded, totaling **RMB 368 million**[32](index=32&type=chunk) - During the reporting period, the company continued **23 research projects**, added **4 authorized patents**, and received a First Prize in the Chinese Society of Soil and Water Conservation Science and Technology Award[35](index=35&type=chunk) [Risks and Countermeasures](index=9&type=section&id=Risks%20and%20Countermeasures) The company identified five major risks: economic downturn, PPP financing, accounts receivable recovery, rising financial costs, and M&A goodwill impairment; countermeasures include adjusting business structure, focusing on developed regions, and introducing state-owned strategic investors to reduce leverage and financing costs - Key risks faced by the company include: - Increased pressure from economic slowdown - Financing and performance risks associated with PPP business models - Inventory settlement and accounts receivable recovery risks - Rising financial costs - M&A integration and goodwill impairment risks[36](index=36&type=chunk)[39](index=39&type=chunk)[40](index=40&type=chunk)[41](index=41&type=chunk)[42](index=42&type=chunk) - Countermeasures include: adjusting business structure to increase EPC project proportion; focusing on economically developed regions like the Greater Bay Area and Yangtze River Delta; initiating a private placement plan to introduce central state-owned strategic investors to reduce debt ratio and financial costs[39](index=39&type=chunk)[40](index=40&type=chunk)[41](index=41&type=chunk) [Progress of Significant Matters](index=11&type=section&id=Progress%20of%20Significant%20Matters) The company is undergoing a change in controlling ownership, with Mr. Liu Shui transferring shares and the company planning a private placement to China Energy Conservation and Environmental Protection Group (CECEP), which will become the controlling shareholder, changing the ultimate controller to SASAC; additionally, the company's privately issued preferred shares 'Tiehan You 01' were listed on February 26, 2020 - The company is planning a change in controlling shareholder and actual controller, intending to introduce China Energy Conservation and Environmental Protection Group (CECEP) as the controlling shareholder, with the ultimate controller changing to the State-owned Assets Supervision and Administration Commission (SASAC)[45](index=45&type=chunk) - This change of control will be achieved through a combination of existing share transfer and private placement of shares; upon completion, CECEP and its concerted parties will collectively hold **26.46%** of shares[45](index=45&type=chunk) - The company's privately issued preferred shares (Abbreviation: Tiehan You 01, Code: 140008) were listed on the Shenzhen Stock Exchange on **February 26, 2020**[45](index=45&type=chunk) [Fulfillment of Commitments](index=11&type=section&id=Fulfillment%20of%20Commitments) During the reporting period, the company and relevant parties strictly adhered to all commitments made during asset restructuring, IPO, and refinancing activities, including share lock-up and non-compete clauses, with all commitments fulfilled on time - Performance commitments and share lock-up commitments made during asset restructuring have been fulfilled[45](index=45&type=chunk) - Controlling shareholder and actual controller Liu Shui's commitments made during the company's IPO, such as avoiding horizontal competition and share lock-up, are still being strictly fulfilled, with no violations[48](index=48&type=chunk)[54](index=54&type=chunk) [Use of Raised Funds](index=19&type=section&id=Use%20of%20Raised%20Funds) The company provided detailed disclosure on the use of raised funds, with **RMB 5.07 billion** cumulatively invested as of the reporting period, most committed projects completed or near completion, though some projects saw changes in implementation location or permanent allocation of surplus funds to working capital, and the 'Hunan Chenzhou Linyi Park BT Project' did not meet expected returns due to extended construction and increased costs Progress of Selected Raised Fund Investment Projects | Project Name | Adjusted Total Investment (RMB 10,000) | Cumulative Investment as of Period-End (RMB 10,000) | Investment Progress | | :--- | :--- | :--- | :--- | | Meizhou Jianying Lake Park Area Renovation Project | 33,000 | 31,052.23 | 94.10% | | Linxiang Chang'an Cultural and Creative Park PPP Project | 25,000 | 24,928.84 | 99.72% | | Ninghai County Urban Infrastructure PPP Project | 26,000 | 16,000 | 61.54% | | Wuhua County Ecological Technical Education and Entrepreneurship Park PPP Project | 15,000 | 14,520.54 | 96.80% | | Repayment of Bank Loans and Other Interest-Bearing Debts | 61,960.19 | 61,960.19 | 100.00% | - The Hunan Chenzhou Linyi Park BT financing engineering project's cumulative benefits were below commitment, primarily due to extended project duration and significantly increased costs[78](index=78&type=chunk) - The company has on multiple occasions temporarily used idle raised funds to supplement working capital, all of which were returned to the dedicated raised funds account within the stipulated period[84](index=84&type=chunk)[87](index=87&type=chunk) [Financial Statements](index=26&type=section&id=Financial%20Statements) This section presents the company's consolidated financial statements, including the balance sheet, income statement, and cash flow statement, along with explanations for significant adjustments [Key Financial Statements](index=26&type=section&id=Key%20Financial%20Statements) As of March 31, 2020, the company's total assets were **RMB 28.31 billion** and total liabilities were **RMB 21.54 billion**; in Q1 2020, operating revenue was **RMB 318 million**, down **67.18%**, net loss attributable to parent was **RMB 184 million**, widening by **97.23%**, and net operating cash flow was **-RMB 849 million**, a significant decrease [Consolidated Balance Sheet](index=26&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2020, the company's total assets were **RMB 28.31 billion**, a **3.48%** decrease from year-end, with total liabilities at **RMB 21.54 billion** and equity attributable to parent company owners at **RMB 6.13 billion**, down **2.92%** from year-end Consolidated Balance Sheet Key Items | Item | March 31, 2020 (RMB) | December 31, 2019 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 28,313,286,098.20 | 29,335,466,866.15 | -3.48% | | Total Liabilities | 21,535,124,357.78 | 22,434,343,549.08 | -4.01% | | Equity Attributable to Parent Company Owners | 6,132,835,086.53 | 6,317,079,651.53 | -2.92% | [Consolidated Income Statement](index=31&type=section&id=Consolidated%20Income%20Statement) In Q1 2020, the company's total operating revenue was **RMB 318 million**, a **67.18%** year-over-year decrease, with total operating costs at **RMB 557 million**, down **48.44%**, resulting in a net loss attributable to parent company owners of **RMB 184 million**, widening from **RMB 93 million** in the prior year Consolidated Income Statement Key Items | Item | Current Period (RMB) | Prior Period (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 318,220,845.77 | 969,528,273.02 | -67.18% | | Total Operating Costs | 557,202,023.48 | 1,080,682,060.65 | -48.44% | | Net Profit Attributable to Parent Company Owners | -184,256,980.54 | -93,420,044.68 | -97.23% | | Basic Earnings Per Share | -0.08 | -0.04 | -100.00% | [Consolidated Cash Flow Statement](index=36&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2020, net cash flow from operating activities was **-RMB 849 million**, a significant decrease from **RMB 156 million** inflow in the prior year, primarily due to reduced sales collections and increased procurement; net cash outflow from investing activities was **RMB 228 million**, and net cash inflow from financing activities was **RMB 78 million**, with cash and cash equivalents decreasing to **RMB 1.04 billion** at period-end Consolidated Cash Flow Statement Key Items | Item | Current Period (RMB) | Prior Period (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -849,088,089.95 | 156,240,427.26 | -643.45% | | Net Cash Flow from Investing Activities | -227,882,496.44 | -434,244,471.20 | 47.52% | | Net Cash Flow from Financing Activities | 77,633,117.17 | 49,345,758.49 | 57.32% | | Net Increase in Cash and Cash Equivalents | -999,337,469.22 | -228,658,298.34 | -337.04% | [Notes on Financial Statement Adjustments](index=39&type=section&id=Notes%20on%20Financial%20Statement%20Adjustments) Effective January 1, 2020, the company adopted new revenue recognition standards, adjusting financial statements at the initial application date by reclassifying certain 'inventories' to 'contract assets' and 'advances from customers' to 'contract liabilities,' with no impact on opening retained earnings - The company adopted new revenue recognition standards issued by the Ministry of Finance effective **January 1, 2020**, and adjusted relevant items in the opening financial statements[146](index=146&type=chunk) Consolidated Balance Sheet Key Adjustment Items (January 1, 2020) | Item | Before Adjustment (RMB) | After Adjustment (RMB) | Adjustment Amount (RMB) | | :--- | :--- | :--- | :--- | | Inventory | 7,294,569,858.34 | 6,638,091,632.94 | -656,478,225.40 | | Contract Assets | 0 | 656,478,225.40 | 656,478,225.40 | | Advances from Customers | 162,225,123.04 | 0 | -162,225,123.04 | | Contract Liabilities | 0 | 162,225,123.04 | 162,225,123.04 |

深圳市铁汉生态环境股份有限公司 2019 年年度报告全文 深圳市铁汉生态环境股份有限公司 2019 年年度报告 2020 年 04 月 1 深圳市铁汉生态环境股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人刘水、主管会计工作负责人邓伟锋及会计机构负责人(会计主管 人员)潘静声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、经济增速下行压力加大的风险 2019 年，在全球主要经济体增速放缓、国际贸易摩擦持续、内外部环境不 确定性显著增加的形势下，我国 GDP 同比增长 6.1%，为 1990 年以来的最低增 速。2020 年，受新冠病毒疫情全球化蔓延的影响，国内经济增速面临下行压力 加大的风险；经济增速放缓以及减税降费政策使得地方财政收入受到较大的考 验。公司主营业务涵盖生态修复、生态环保、生态景观等业务，与政府对生态 环保及环境治理、基础设施建设、城镇化建设及振兴乡村等投资密切相关， ...