博览世界 科技为先 证券代码：300422 证券简称：博世科 债券代码：123010 债券简称：博世转债 广西博世科环保科技股份有限公司 2021 年 1 月 28 日投资者关系活动记录表 编号：2021-01 | --- | --- | --- | |----------------|------------------------------|--------------------------------------------------------| | | | | | | □ | 特定对象调研 □ 分析师会议 | | | □ | 媒体采访 □ 业绩说明会 | | 投资机构关系活 | □ | 新闻发布会 □ 路演活动 | | 动类别 | □ 现场参观 | | | | √ 其他（电话会议） | | | | | 光大证券、人保资产、淡水泉投资、泓澄投资、玖龙资管、安 | | | | 信证券、中金资管、兴业基金、顶天投资、阖木资管、华宝信 | | 参与单位名称及 | | 托、中国人寿、泓铭资本、金域投资、沃时资管、瑞颐投资、 | | 人员姓名 | | 华泰证券、广发证券、进门财经、中海基金、东方证券、聚力 ...

博览世界 科技为先 证券代码：300422 证券简称：博世科 债券代码：123010 债券简称：博世转债 广西博世科环保科技股份有限公司 2021 年 5 月 12 日投资者关系活动记录表 编号：2021-02 | --- | --- | --- | |-----------------------|----------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------| | | □ 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 √ | 业绩说明会（ 2020 年度网上业绩说明会） | | 类别 | □ 新闻发布会 □ | 路演活动 | | | □ 现场参观 □ | 其他 | | 参与对象 | 本次业绩说明会的所有线上投资者 | | | 时间 | 2021 年 5 月 12 日 | 14:00 ...

博览世界 科技为先 证券代码：300422 证券简称：博世科 债券代码：123010 债券简称：博世转债 广西博世科环保科技股份有限公司 2022 年 5 月 18 日投资者关系活动记录表 编号：2022-01 | --- | --- | --- | |-----------------------|--------------------------------------------------------------------|----------------------------------------------------------| | | | | | | 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | 媒体采访 ■ | 业绩说明会 | | 类别 | 新闻发布会 □ | 路演活动 | | | 现场参观 □ | 其他 | | 参与对象 | 本次业绩说明会的所有线上投资者 | | | 时间 | 2022 年 5 月 18 日 | 15:00-17:00 | | 地点 | （ http://irm.cninfo.com.cn | 线上：深圳证券交易所 "互动易"平台 "云访谈"栏目 ...

Group 1: Company Overview - Boschke is a leading environmental protection company in Guangxi, focusing on industrial pollution control and covering the entire environmental protection industry chain, including water treatment, ecological restoration, soil remediation, solid waste disposal, and environmental consulting services [2]. - The company has expanded into the municipal sector between 2016 and 2018, with a significant increase in project volume, primarily focusing on PPP projects with a high compound annual growth rate [2][3]. - As of the first half of 2022, industrial new orders accounted for 70% of the company's total new orders, indicating a strategic shift towards industrial pollution control [3]. Group 2: Financial Performance - In the first half of 2022, the company achieved operating revenue of CNY 1.17 billion, with cash receipts of CNY 1.1558 billion, resulting in a cash collection ratio close to 100%, a significant improvement from approximately 55% in the same period last year [3]. - The company expects to generate an annual operating income of CNY 600 million once all current projects enter the operational phase [5]. Group 3: Project Development and Future Plans - The company is actively investing in new growth areas, including the "Beibu Gulf Resource Recycling Environmental Service Center Project," which aims to increase the capacity for aluminum resource utilization by 20,000 tons per year [3]. - A new project for the comprehensive utilization of waste lithium batteries is planned, with an initial scale of 20,000 tons per year and a long-term goal of 100,000 tons per year [3]. Group 4: Market Position and Clientele - The company's primary industrial clients are in the paper-making sector, with significant investments from well-known companies like Nine Dragons Paper and Sun Paper in Guangxi [4]. - The company has made breakthroughs in overseas markets, signing a series of orders primarily with international paper-making enterprises [4]. Group 5: Technology and Competitive Advantage - The company has developed a comprehensive battery recycling technology system, achieving a nickel-cobalt-manganese recovery rate of over 99.3% and a lithium recovery rate of over 90% [6]. - The operational cost structure indicates that raw material costs account for approximately 85% of total costs, with lithium sales contributing about 77% of total revenue, highlighting the importance of lithium recovery for profitability [6].

博览世界 科技为先 证券代码：300422 证券简称：博世科 债券代码：123010 债券简称：博世转债 广西博世科环保科技股份有限公司 2022 年 9 月 15 日投资者关系活动记录表 编号：2022-02 | --- | --- | |-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □ 分析师会议 | | 投资者关系活动 | □ 业绩说明会 | | 类别 | □ 路演活动 | | | ■ 其他（投资者线上交流会） | | 参与对象 | 广州诚协投资管理有限公司、南京睿澜私募基金管理有限公司、 国新证券股份有限公司、雷龙资产运营管理有限公司、广 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 539,789,312.37, a decrease of 33.71% compared to the same period last year[9]. - The net profit attributable to shareholders for Q3 2022 was CNY 5,622,368.21, down 77.59% year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -26,526,644.59, a decline of 221.69% compared to the previous year[9]. - The basic earnings per share for Q3 2022 was CNY 0.01, representing an 83.33% decrease from the same period last year[9]. - Total operating revenue for the current period is CNY 1,709,954,934.70, a decrease of 27% compared to CNY 2,343,476,165.04 in the previous period[34]. - The net profit for the current period is a loss of CNY 81,738,123.34, compared to a profit of CNY 102,395,738.56 in the previous period[34]. - The net profit attributable to the parent company was -78,776,853.48, compared to a profit of 112,492,519.07 in the previous period, indicating a significant decline[35]. - The total comprehensive income amounted to -79,904,006.89, down from 103,382,307.80 in the previous period[35]. - The basic earnings per share were -0.16, compared to 0.28 in the previous period, reflecting a negative performance[35]. Assets and Liabilities - Total assets as of September 30, 2022, were CNY 12,314,709,330.07, an increase of 0.42% from the end of the previous year[9]. - Current assets total CNY 4,889,615,403.25, slightly down from CNY 4,949,379,663.49[32]. - Non-current assets increased to CNY 7,425,093,926.82 from CNY 7,313,390,781.46, representing a growth of about 1.5%[33]. - Total liabilities amount to CNY 9,408,649,711.21, an increase from CNY 9,272,068,276.16, indicating a rise of approximately 1.5%[33]. - The total equity attributable to shareholders decreased to CNY 2,647,944,962.33 from CNY 2,724,887,699.36, a decline of approximately 2.8%[33]. Cash Flow - The company reported a net cash flow from operating activities of CNY 119,401,200.00, a significant improvement of 119.31% compared to the previous year[9]. - Net cash flow from operating activities improved to 119,401,252.35 from -618,438,593.63, a change of 737,839,845.98, driven by increased sales collections and reduced payments for projects and equipment[22]. - Cash inflows from operating activities were 2,000,494,757.27, an increase from 1,541,641,809.05 in the previous period[37]. - The net cash flow from operating activities was 119,401,252.35, a recovery from a negative cash flow of -618,438,593.63 in the previous period[38]. - Net cash flow from investing activities decreased by 36.18% to -295,313,130.92 from -462,732,465.00, primarily due to reduced expenditures on PPP project construction[22]. - Cash outflows from investing activities totaled 330,731,080.09, down from 511,780,103.66 in the previous period[38]. - The net cash flow from financing activities dropped to -163,012,556.78 from 1,461,510,470.44, a change of -1,624,523,027.22, mainly due to reduced borrowings and increased repayments[22]. - The net cash flow from financing activities was -163,012,556.78, a decrease from a positive cash flow of 1,461,510,470.44 in the previous period[40]. Inventory and Receivables - The company's inventory increased by 62.81% to CNY 442,451,909.73, primarily due to an increase in work-in-progress[18]. - Accounts receivable increased to CNY 1,702,622,911.18 from CNY 1,547,013,600.89, reflecting an increase of approximately 10%[32]. - The company reported a significant increase in inventory, rising to CNY 442,451,909.73 from CNY 271,760,194.45, which is an increase of about 63%[32]. Government Support and Strategic Moves - The company received government subsidies amounting to CNY 11,648,275.64 during the reporting period[14]. - The company signed strategic cooperation agreements with Dongfeng Liuzhou Automobile Co., Ltd. and Guangxi Automobile Group Co., Ltd. in August 2022[29]. - The company has made adjustments to its organizational structure and institutional settings as of August 2022[29].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.17 billion, a decrease of 23.48% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of approximately ¥84.4 million, a decline of 196.56% year-on-year[22]. - Basic earnings per share were reported at -¥0.17, down 177.27% from ¥0.22 in the same period last year[22]. - The company reported a total revenue of CNY 1.17 billion for the first half of 2022, a decrease of 23.48% compared to the same period in 2021, with environmental comprehensive governance contributing 57.91% of total revenue[60][62]. - The company achieved operating revenue of CNY 314.72 million, a year-on-year increase of 14.47%, primarily driven by projects such as the urban river black and odorous water treatment project in Nanning and the integrated waste management project in Hezhou[63]. - The company reported a significant improvement in operating cash flow, reaching CNY 124 million, compared to the same period last year[49]. - The company has no discrepancies between financial reports prepared under international and Chinese accounting standards[25]. - The company has no significant changes in net profit and net assets under different accounting standards during the reporting period[26]. - The company reported a total of 75 new energy-saving and environmental protection engineering orders with a total value of 119,144.39 million yuan during the reporting period[100]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥12.55 billion, an increase of 2.34% from the end of the previous year[22]. - The net assets attributable to shareholders decreased to approximately ¥2.64 billion, a decline of 3.07% compared to the previous year[22]. - The company's total liabilities amounted to 964.82 million yuan, with a debt-to-asset ratio of 76.88%, indicating a high level of financial leverage[148]. - The balance of accounts receivable and contract assets as of June 30, 2022, was 2,856.45 million yuan, representing 54.38% of total current assets, highlighting significant capital occupation risks[149][150]. - The company's total liabilities increased significantly, with other current liabilities rising by 149.21% to ¥408,046,710.79 from ¥163,737,190.45[95]. Operational Developments - The company secured new business orders totaling CNY 1.466 billion, with water treatment contracts accounting for CNY 1.129 billion, representing 77.04% of the total[52]. - The company completed project receivables of CNY 1.158 billion in the first half of 2022, an increase of 36.24% compared to the previous year[54]. - The company has developed a series of chlorine dioxide solid disinfectants and equipment, which have been applied in over 50 projects related to epidemic prevention and water disinfection[43]. - The company has successfully applied its disinfection equipment in over 10 epidemic-related wastewater disinfection projects across various cities, including Guangxi and Guangdong[44]. - The company has established a total of 21 solid waste (integrated sanitation) operational projects, further expanding its operational capabilities[63]. - The company has entered commercial operation for 22 franchise projects and is in trial operation for 6 projects, indicating a growing operational asset scale[63]. Research and Development - The company has obtained a total of 421 authorized patents, including 50 invention patents, and is involved in nearly 20 provincial and ministerial-level research projects[80]. - The company has developed a direct heating chain plate thermal desorption system, achieving high efficiency in oil sludge treatment and receiving multiple patent certifications[84]. - R&D expenses for the years 2019, 2020, 2021, and the first half of 2022 were 163.59 million yuan, 192.03 million yuan, 200.04 million yuan, and 47.32 million yuan, respectively, reflecting a strong commitment to innovation[154]. - The company has developed new technologies for soil remediation and carbon recovery, significantly reducing carbon emissions during treatment processes[179]. Environmental Compliance and Initiatives - The company has a commitment to comply with increasingly stringent national pollution discharge standards[156]. - The company reported a total pollutant discharge of 134.42 tons per half year, with specific pollutants exceeding standards[165]. - The company has received administrative penalties due to exceeding wastewater discharge standards, but has taken immediate corrective actions to stabilize discharge quality[177]. - The company emphasizes environmental protection and has established emergency response plans for environmental incidents, ensuring compliance with relevant laws and regulations[175]. - The company actively monitors and manages potential environmental risks associated with its projects[156]. Strategic Plans and Market Position - The company is focusing on optimizing its business structure and enhancing project management to improve profitability during its transformation period[51]. - The company aims to enhance cash collection management by linking receivables recovery to performance evaluations for executives and departments[151]. - The company plans to pursue strategic acquisitions to bolster its market position and expand its service offerings[166]. - The company is actively exploring international markets to strengthen its competitive position amid increasing domestic and international competition[153]. Social Responsibility and Community Engagement - The company actively engages in social responsibility initiatives, focusing on poverty alleviation and community support[180]. - During the reporting period, the company donated high-purity chlorine dioxide disinfectant to support local pandemic control efforts, covering approximately 29,000 square meters in three days[187]. - The company has maintained a focus on social responsibility through contributions to environmental and educational initiatives[187]. Governance and Compliance - The company has a robust internal control and corporate governance structure to safeguard the interests of shareholders and creditors[181]. - The company has not experienced any changes in its board of directors or senior management during the reporting period[160]. - The company has received a warning letter from the regulatory authority due to significant discrepancies in financial disclosures[196]. - The company has implemented a rectification plan in response to the warning letter, ensuring compliance with regulatory requirements[196].

Financial Performance - The company reported a revenue of 2,656.577 million yuan in 2021, a decrease of 26.40% compared to the previous year[4]. - The net profit attributable to shareholders was -514.7683 million yuan, a decline of 363.96% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was -566.7746 million yuan, down 486.46% from the previous year[4]. - In 2021, the company's operating revenue decreased by 26.40% compared to the previous year[14]. - The net profit attributable to shareholders of the listed company fell by 363.96% year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 486.46% compared to the previous year[14]. - The basic earnings per share for 2021 was -¥1.17, a decrease of 325.00% compared to ¥0.52 in 2020[32]. - The company reported a significant drop in quarterly performance, with the fourth quarter showing a net profit of -¥626,789,452.59[35]. - The company’s total revenue for 2021 was ¥2,656,577,027.03, a decrease of 26.40% compared to ¥3,609,417,824.67 in 2020[32]. Operational Challenges - The company faced challenges due to economic downturns, the recurring COVID-19 pandemic, and intensified competition in the environmental governance industry[5]. - The company faces risks such as shrinking downstream market demand, intensified industry competition, and rising operating costs, which may lead to further declines in revenue and profit growth[14]. - The company has indicated uncertainty regarding its ability to continue as a going concern, as reflected in its financial performance[32]. Project Management and Operations - As of the report date, the company had 18 projects in commercial operation and 7 in trial operation, with a total of 20 solid waste (integrated sanitation) operation projects[8]. - The company established nine key PPP project working groups to enhance project management and expedite the settlement of old projects, with 216 projects in the settlement phase[8]. - The company has completed the construction of multiple demonstration projects for organic waste treatment, with stable operation and low operational costs[65]. - The company has successfully developed and tested several sanitation vehicle products, which meet national automotive quality standards and environmental requirements[68]. - The company has implemented various operational models, including EPC and BOT, to enhance project delivery and management efficiency[74][76]. Revenue Structure and Strategy - The company aims to enhance its competitive edge through technological innovation and expand its market presence in industrial wastewater treatment and environmental consulting services[6]. - The company plans to optimize its revenue structure by reducing the proportion of engineering income and increasing equipment sales and operational income[7]. - Environmental comprehensive governance revenue accounted for 68.53% of total revenue, with water treatment contributing CNY 1,541,479,016.12, down from CNY 2,646,118,704.24 in 2020[78]. - The company’s water treatment contracts accounted for 69.09% of new business orders, totaling 2.526 billion yuan[119]. Innovation and Technology Development - The company maintains a leading position in water treatment, soil remediation, and clean production, focusing on high-quality development through innovation and core technology advantages[51]. - The company has established a robust innovation system integrating environmental theory research, key technology development, and industry-education collaboration[53]. - The company has developed a series of technologies for soil remediation, achieving over 90% heavy metal leaching efficiency and meeting urban sewage discharge standards[60]. - The company has developed a chlorine dioxide preparation system that has enabled it to become a major exporter of this technology, capturing an 80% market share domestically and internationally[84]. - The company is committed to continuous research and development, as indicated by the significant number of patents filed in recent months[95]. Financial Position and Liabilities - The company's total liabilities reached 9,272.0683 million yuan, with a high asset-liability ratio of 75.60%[12]. - The net cash flow from operating activities was -405.6914 million yuan for the year 2021, indicating potential liquidity risks[13]. - The company’s monetary funds decreased from 13.89% to 11.37% of total assets, primarily due to a reduction in performance guarantee deposits and acceptance bill guarantees[160]. - Short-term borrowings rose from 15.36% to 19.26% of total assets, indicating an increase in bank loans[162]. Research and Development - The company holds a total of 386 authorized patents, including 45 invention patents, with R&D investment increasing by 3.64% year-on-year[83]. - The company is involved in multiple national key research projects, including the development of high-concentration petroleum pollution soil remediation technology and heavy metal pollution emergency response technology[89]. - The company has developed a new UBEF denitrification filter project aimed at deep nitrogen removal from municipal and industrial wastewater, currently in the industrialization stage[153]. - The R&D project for the treatment of high-salt pharmaceutical wastewater is in the pilot stage, focusing on low-cost resource recovery and pollutant reduction[153]. Market Expansion and Future Plans - The company aims to expand its business in the Guangdong-Hong Kong-Macao Greater Bay Area and the Pan-Beibu Gulf Economic Zone in 2022[118]. - The company is actively expanding into solid waste resource utilization, hazardous waste disposal, and smart sanitation integration, enhancing its manufacturing capabilities for green intelligent environmental protection equipment[52]. - The company is exploring new strategies for market expansion through innovative product offerings and technological advancements[95]. Compliance and Certifications - The company has obtained a hazardous waste management license allowing for the collection, storage, and disposal of 31 categories of hazardous waste, with an annual processing capacity of 16,500 tons for incineration and 30,000 tons for solidification[105]. - The company has safety production licenses valid until February 20, 2024, covering construction operations[101]. - The company’s testing center received CNAS accreditation, meeting the requirements of ISO/IEC 17025:2017 for testing and calibration laboratories[114].

Financial Performance - The company's operating revenue for Q1 2022 was ¥257,187,574.90, a decrease of 54.94% compared to ¥570,808,671.12 in the same period last year[8] - The net profit attributable to shareholders was -¥92,518,681.32, representing a decline of 299.01% from a profit of ¥46,489,058.02 in Q1 2021[8] - The basic earnings per share decreased to -¥0.18, down 263.64% from ¥0.11 in the same period last year[8] - The net profit for the current period is a loss of CNY 97,645,024.05, compared to a profit of CNY 47,693,334.27 in the previous period[28] - The total comprehensive income attributable to the parent company was -91,686,562.35, down from 45,650,957.77 in the previous period[29] Cash Flow - The cash flow from operating activities improved to -¥63,220,319.71, a 63.85% increase compared to -¥174,861,682.43 in the previous year[8] - Cash inflows from operating activities totaled 651,821,563.63, a decrease from 667,466,549.28 in the previous period[32] - The net cash flow from operating activities was -63,220,319.71, an improvement from -174,861,682.43 in the previous period[32] - Cash inflows from financing activities amounted to 849,197,092.67, compared to 1,161,562,322.29 in the previous period[32] - The net cash flow from financing activities was 61,818,299.66, down from 162,872,966.63 in the previous period[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,100,085,286.31, a decrease of 1.34% from ¥12,264,014,651.31 at the end of the previous year[8] - Current assets total CNY 4,745,286,565.77, a decrease of 4.1% from CNY 4,949,379,663.49 at the beginning of the year[26] - Total liabilities amount to CNY 9,204,951,816.24, down from CNY 9,272,068,276.16, indicating a reduction of 0.7%[27] - Cash and cash equivalents decreased to CNY 1,259,571,167.42 from CNY 1,394,971,314.84, a decline of 9.7%[26] - Accounts receivable decreased to CNY 1,308,228,783.02 from CNY 1,547,013,600.89, a reduction of 15.5%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 24,776[19] - Guangzhou Environmental Investment Group holds 30.84% of shares, totaling 155,684,244 shares[19] - The total number of restricted shares at the beginning of the period was 123,797,566, with 2,967,534 shares released during the period[23] - The total number of unrestricted shares held by the top 10 shareholders is 56,528,364[19] - The top 10 shareholders include several individuals with pledged shares, indicating potential liquidity risks[19] Operational Changes - The company reported a significant increase in prepayments, which rose by 133.14% to ¥174,136,225.61, primarily due to advances for engineering and material payments[12] - The company recorded a 138.12% increase in investment income, amounting to ¥88,201.30, compared to a loss of -¥231,388.27 in the previous year[14] - The company reported a significant increase in other income, which rose by 316.89% to ¥2,253,745.58, primarily due to government subsidies received[14] - The company has signed a strategic cooperation framework agreement with the Nanning Municipal Government on March 18, 2022[24] - The company has undergone changes in registered capital and business scope as of January 1, 2022[24] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 22,117,581.51, compared to CNY 24,920,609.69 in the previous period[28]

Financial Performance - The company's revenue for Q3 2021 was ¥813,462,904.32, a decrease of 5.98% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥24,528,866.21, down 58.23% year-on-year[7]. - The basic earnings per share decreased by 60.00% to ¥0.06 for the current period[7]. - Total operating revenue for the current period is approximately ¥2.34 billion, a slight decrease from ¥2.35 billion in the previous period, representing a decrease of 0.03%[31]. - Net profit for the current period is approximately ¥101.81 million, down from ¥179.25 million, reflecting a decrease of 43.1%[32]. - Basic earnings per share decreased to ¥0.28 from ¥0.49, a decline of 42.86%[32]. - The company reported a total comprehensive income of approximately ¥102.80 million, down from ¥178.26 million, a decrease of 42.24%[32]. Cash Flow - The company's cash flow from operating activities showed a negative net amount of ¥618,438,593.63, a decline of 348.04% year-on-year[7]. - Cash flow from operating activities showed a net outflow of approximately ¥618.44 million, compared to a net outflow of ¥138.03 million in the previous period[34]. - The net cash flow from operating activities for the first nine months of 2021 was -618,438,593.63, a decrease of 348.04% compared to -138,033,471.02 in the same period of 2020, primarily due to reduced sales receipts and increased payments for goods, services, taxes, and employee compensation[17]. - The company’s investment activities resulted in a net cash outflow of approximately ¥462.73 million, compared to a net outflow of ¥987.16 million in the previous period, showing improvement[34]. - The net cash flow from investing activities improved by 53.12%, amounting to -462,732,465.00 in 2021 compared to -987,162,244.70 in 2020, mainly due to a decrease in cash paid for the purchase of fixed assets and other long-term assets[17]. - The net cash flow from financing activities increased by 41.79%, reaching 1,461,510,470.44 in 2021, up from 1,030,742,767.27 in 2020, attributed to the company's targeted stock issuance[17]. Assets and Liabilities - Total assets increased by 14.07% to ¥13,693,307,173.27 compared to the end of the previous year[7]. - As of September 30, 2021, the total assets of the company reached CNY 13.69 billion, an increase from CNY 12.00 billion at the end of 2020, representing a growth of approximately 14.05%[28]. - The company's current assets amounted to CNY 6.51 billion, up from CNY 5.24 billion in the previous year, indicating a year-over-year increase of about 24.19%[28]. - The total liabilities of the company were CNY 10.02 billion, compared to CNY 9.23 billion at the end of 2020, reflecting an increase of approximately 8.55%[29]. - The company's equity attributable to shareholders rose to CNY 3.35 billion from CNY 2.51 billion, marking a significant increase of around 33.47%[29]. - Cash and cash equivalents stood at CNY 1.87 billion, compared to CNY 1.67 billion at the end of 2020, showing a growth of about 11.88%[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,695, with no preferred shareholders having restored voting rights[20]. - Guangzhou Environmental Investment Group holds 13.73% of shares, making it the largest shareholder, followed by Wang Shuangfei with 11.09%[20]. - The total number of restricted shares at the beginning of the period was 29,063,555, with 4,422,994 shares released during the period, resulting in 24,641,311 restricted shares at the end[23]. - The company has a significant number of pledged shares, including 7,200,000 shares pledged by Wang Shuangfei and 7,600,751 shares pledged by Tibet Guangbo Environmental Investment[20]. - The company has implemented strategies to manage shareholder relationships and maintain control, as evidenced by agreements among major shareholders regarding share transfers[21]. - The company is committed to adhering to regulations regarding the lock-up of executive shares, ensuring compliance with governance standards[23]. Investments and Future Plans - The company is focused on expanding its market presence and developing new technologies, as indicated by its ongoing investments in fixed assets[17]. - The company plans to continue expanding its market presence and is actively pursuing new strategies, including potential mergers and acquisitions[27]. - The company has revised its basic system and is in the process of transferring equity stakes in subsidiaries and affiliated companies[27]. - The company’s major shareholders have increased their holdings, reflecting confidence in the company's future performance[27]. Other Financial Metrics - Investment income decreased by 94.20% to ¥719,639.36, primarily due to the previous year's transfer of equity[15]. - The company experienced a 222.23% increase in fair value changes, reaching ¥7,763,985.00, influenced by swap hedging activities[15]. - The weighted average return on net assets was 0.95%, down 1.47% compared to the previous year[7]. - The company reported a long-term investment of CNY 310.41 million, down from CNY 329.61 million, indicating a decrease of about 5.81%[28]. - The company’s financial expenses increased to approximately ¥181.44 million from ¥143.42 million, an increase of about 26.5%[31]. - The company raised approximately ¥767.20 million from investments, an increase from ¥619.88 million in the previous period, reflecting a growth of 23.83%[34]. Compliance and Reporting - The company has not audited its third-quarter report for 2021[40]. - The company implemented the new lease accounting standard starting January 1, 2021, resulting in an increase of lease assets and liabilities by ¥8,613,852.20[39].