Financial Performance - The company's revenue for Q1 2022 was ¥529,847,733.13, representing a 59.17% increase compared to ¥332,879,279.21 in the same period last year[3] - Net profit attributable to shareholders reached ¥76,206,261.70, a significant increase of 2,114.93% from ¥3,440,571.91 in the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥74,557,476.87, up 2,183.29% from ¥3,265,354.82 year-on-year[3] - Basic earnings per share increased to ¥0.2942, reflecting a growth of 1,785.90% compared to ¥0.0156 in the same quarter last year[3] - Total operating revenue for Q1 2022 reached ¥529,847,733.13, a significant increase of 59.0% compared to ¥332,879,279.21 in the same period last year[17] - Net profit for Q1 2022 was ¥76,108,908.44, compared to ¥5,289,306.35 in Q1 2021, representing a substantial increase of 1,355.5%[18] - The company reported a total comprehensive income of ¥76,100,356.20 for Q1 2022, compared to ¥5,294,690.25 in the same quarter last year, showcasing improved overall performance[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,575,697,227.98, a slight decrease of 0.24% from ¥3,584,419,971.31 at the end of the previous year[3] - The company's total assets as of March 31, 2022, amounted to ¥3,575,697,227.98, slightly down from ¥3,584,419,971.31 at the beginning of the year[15] - Current assets totaled ¥1,885,982,522.77, showing a marginal increase from ¥1,879,174,214.73 at the start of the year[14] - The total liabilities decreased to ¥1,856,435,522.58 from ¥1,941,725,959.06, indicating a reduction of 4.4%[15] - Cash and cash equivalents at the end of Q1 2022 were ¥536,668,249.89, down from ¥568,298,528.37 at the beginning of the year, a decrease of 5.6%[14] - Total cash and cash equivalents at the end of Q1 2022 stood at ¥208,526,813.69, slightly down from ¥214,524,611.83 at the end of Q1 2021[22] Cash Flow - The company reported a net cash flow from operating activities of -¥64,360,591.74, a decline of 245.71% compared to ¥44,168,951.46 in the same period last year[3] - The net cash flow from operating activities for Q1 2022 was -¥64,360,591.74, a decline from ¥44,168,951.46 in the previous year, reflecting challenges in cash generation[20] - Cash inflows from financing activities amounted to ¥440,788,667.43 in Q1 2022, an increase from ¥424,647,719.38 in Q1 2021, indicating stronger financing efforts[22] - The cash outflows from operating activities totaled ¥299,203,231.98 in Q1 2022, compared to ¥572,785,217.23 in the previous year, showing a reduction in cash expenses[20] - The company incurred investment cash outflows of ¥5,213,822.57 in Q1 2022, down from ¥33,166,508.58 in the same period last year, reflecting a decrease in capital expenditures[22] - The net cash flow from financing activities was positive at ¥15,997,561.85 for Q1 2022, contrasting with a negative cash flow of -¥117,963,152.86 in Q1 2021, indicating improved financing conditions[22] Operational Developments - The company is in the early stages of a project to build a 100,000-ton per year phosphorus pentachloride production facility, with ongoing discussions with regulatory authorities[12] - The company received a government subsidy of ¥36,051.93 related to its normal business operations during the reporting period[5] - The company is closely monitoring the progress of a litigation case regarding the transfer and repurchase of shares, which may impact future operations[12] - The company did not conduct any mergers or acquisitions during the reporting period, focusing instead on organic growth strategies[19] Cost Management - Total operating costs for Q1 2022 were ¥427,763,717.10, up from ¥338,168,426.92, reflecting a year-over-year increase of 26.5%[18] - The company reported a significant increase in research and development expenses, totaling ¥4,068,977.84, down from ¥7,753,003.35 in the previous year, indicating a focus on cost management[18] - Accounts receivable increased to ¥378,539,574.39 from ¥338,273,140.22, reflecting a growth of 11.9%[14] - Inventory levels rose to ¥235,036,890.51, compared to ¥206,760,460.09 at the beginning of the year, an increase of 13.7%[14] Return on Equity - The weighted average return on equity rose to 4.58%, up from 0.29% in the previous year[3]

Financial Performance - The company reported a total revenue of RMB 259,063,097 for the year 2021, with a cash dividend of RMB 1.00 per 10 shares distributed to shareholders [5]. - The company's operating revenue for 2021 was ¥1,637,922,414.58, representing a 32.37% increase compared to ¥1,237,387,447.26 in 2020 [18]. - The net profit attributable to shareholders in 2021 was ¥90,057,328.22, a significant turnaround from a loss of ¥373,063,087.37 in 2020, marking a 124.14% improvement [18]. - The net profit after deducting non-recurring gains and losses was ¥83,154,045.67 in 2021, compared to a loss of ¥378,312,564.63 in 2020, reflecting a 121.98% increase [18]. - The net cash flow from operating activities increased by 65.31% to ¥326,537,270.53 in 2021, up from ¥197,529,211.08 in 2020 [18]. - The total assets at the end of 2021 were ¥3,584,419,971.31, a decrease of 18.31% from ¥4,387,774,793.05 at the end of 2020 [18]. - The net assets attributable to shareholders increased by 32.89% to ¥1,625,282,086.74 at the end of 2021, compared to ¥1,223,050,081.13 at the end of 2020 [18]. - The company reported a basic earnings per share of ¥0.4013 in 2021, a significant increase from a loss of ¥1.7088 in 2020, representing a 123.48% improvement [18]. - The company achieved a production capacity of 16000 tons/year for DTPMP and 130000 tons/year for chloromethane, with a 24.15% and 31.40% increase in production capacity respectively, reaching full production by December 2021 [66]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year growth of 15% [176]. Research and Development - The company emphasizes its focus on research and development, particularly in water treatment technologies, to enhance its market position [4]. - The company has formed a strong R&D team, including experts from the Chinese Academy of Sciences and experienced professionals, to enhance its technological capabilities and industry competitiveness [36]. - The company plans to increase R&D investment to develop new types of green and environmentally friendly water treatment chemicals, thereby expanding its product range and application scope [35]. - The R&D department has made advancements in eco-friendly technologies, with a budget increase of 40% for 2022 to support innovation [176]. - The company has developed a new ultrasonic anaerobic biological treatment technology for high-concentration phenol/ammonia wastewater, aiming to significantly shorten the treatment process time and broaden the application range of existing technologies [96]. - The project for polypropylene acid scale inhibitors has completed part of its products, achieving higher effective content and better stability, which is expected to enhance market share [96]. - The company has successfully completed the development of a zero discharge technology for high-salinity organic wastewater, which is anticipated to strengthen its core competitiveness in the industrial wastewater treatment sector [96]. - The company is focusing on enhancing its core technology and competitive edge through innovative research and development projects [96]. Market Position and Strategy - The company is positioned as a leading enterprise in the water treatment agent industry, with a diverse product range and strong customer relationships [29]. - The demand for water treatment agents is expected to continue growing due to increasing global water scarcity and environmental regulations [30]. - The company aims to establish itself as a key production base in the domestic water treatment industry, focusing on the production and sales of water treatment chemicals while enhancing its core competitiveness [35]. - The company has successfully completed the expansion project for an annual production capacity of 180,000 tons of water treatment chemicals, increasing its design capacity to 270,000 tons per year, which will enhance product structure and significantly boost output [34]. - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a market share increase of 10% in those regions [176]. - A strategic acquisition of a local competitor is in progress, expected to enhance the company's market position and increase annual revenue by approximately 200 million RMB [176]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective checks and balances among the shareholders, board of directors, and management [149]. - The board of directors consists of 9 members, including 3 independent directors, meeting the requirements set by laws and regulations [151]. - The company has an independent financial department and a sound financial management system, ensuring financial independence from the controlling shareholder [161]. - The company actively respects and protects the rights of stakeholders, promoting balanced interests among shareholders, employees, and society [155]. - The company has established a robust information disclosure system, ensuring equal access to information for all shareholders [157]. - The company has maintained compliance with the Company Law and regulatory rules, ensuring timely and efficient decision-making processes [192]. - The independent directors actively fulfilled their responsibilities, ensuring the protection of the company's overall interests and the legal rights of all shareholders, especially minority shareholders [191]. Operational Efficiency - The company has established a dynamic monitoring industrial internet platform to enhance operational efficiency and reduce resource consumption [42]. - The company is advancing the "Water Cloud Trace" industrial internet platform to enhance its water treatment services through smart technology [82]. - The company has implemented a new gas protection system for the production of HEDP, enhancing raw material utilization [64]. - The company is focused on continuous online production processes to improve product stability and efficiency [65]. - The company has implemented a performance incentive system to encourage innovation and improve R&D efficiency, focusing on the conversion of scientific research achievements into economic benefits [69]. Challenges and Risks - The company faces challenges with rising raw material costs and increased competition in the water treatment agent market [30]. - The company faces risks from fluctuations in raw material and product prices, which can impact gross margins and profitability due to significant price volatility during the reporting period [137]. - Increased environmental regulations may raise operational costs, affecting project profitability, as the company must comply with stricter standards [139]. - The company is exposed to international trade risks, including potential trade barriers and tariffs that could adversely affect export operations and market expansion [140]. - Currency exchange rate fluctuations pose a risk to profitability, as a significant portion of export revenue is denominated in USD, and recent volatility in the RMB/USD exchange rate could impact financial performance [142]. Employee Development - The total number of employees at the end of the reporting period is 962, with 72 from the parent company and 890 from major subsidiaries [198]. - The company emphasizes employee development through various training programs, including pre-job training, on-the-job training, and management training [200]. - Training initiatives are designed to align with company strategy and employee needs, focusing on practical and value-driven content [200]. - Continuous employee stock ownership plans are in place to foster a sense of responsibility and mission among the management team and key personnel [199].

Financial Performance - The company's operating revenue for Q3 2021 was ¥313,881,393.77, a decrease of 13.46% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was ¥49,337,567.80, an increase of 47.03% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,134,483.49, a decrease of 35.99% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was ¥0.2230, an increase of 45.09% year-on-year[7] - Revenue for Q3 2021 reached CNY 1,072,905,470.18, an increase of 20.73% compared to CNY 888,645,424.90 in the same period last year[12] - Operating profit decreased by 77.55% to CNY 22,678,245.27 from CNY 101,036,736.20, primarily due to rising raw material costs for water treatment agents[12] - Net profit attributable to the parent company was CNY 20,121,077.18, down 72.15% from CNY 72,256,407.94, largely due to increased raw material costs and provisions for bad debts[12] - Net profit for the current period was ¥12,080,921.46, a decrease of 83.4% from ¥72,579,597.84 in the same period last year[26] - The company reported a basic earnings per share of ¥0.0909, down from ¥0.3309 in the previous period[27] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥3,133,764,442.11, a decrease of 28.58% from the end of the previous year[7] - Total assets decreased by 28.58% to CNY 3,133,764,442.11 from CNY 4,387,774,793.05, mainly due to the disposal of a 50% stake in a subsidiary[12] - The company's current assets totaled CNY 1,743,261,097.83, down from CNY 2,415,739,298.71 at the end of 2020, indicating a decrease of about 27.8%[21] - The total liabilities decreased to CNY 1,778,360,672.72 from CNY 2,896,708,704.35, reflecting a reduction of approximately 38.7%[22] - The company's cash and cash equivalents were CNY 449,919,668.33, down from CNY 529,148,880.31, a decline of about 15%[20] - The total current assets amounted to 2,415,739,298.71 CNY, with cash and cash equivalents at the end of the period being 178,996,265.17 CNY, down from 413,265,231.18 CNY year-on-year[34] - The total liabilities reached 2,896,708,704.35 CNY, with current liabilities accounting for 2,140,917,850.42 CNY[35] - The total equity attributable to shareholders was 1,223,050,081.13 CNY, remaining stable compared to the previous year[35] Cash Flow - The cash flow from operating activities for the year-to-date was ¥148,107,749.51, an increase of 3.58% compared to the same period last year[5] - Cash received from operating activities was CNY 102,066,092.91, a decrease of 43.26% from CNY 179,880,224.88, due to the disposal of a subsidiary[12] - Cash inflow from investment activities was ¥9,787,082.54, significantly lower than ¥100,077,210.28 in the previous period[30] - Cash outflow from investment activities totaled ¥85,965,827.91, down from ¥236,251,561.78 in the prior period, indicating reduced investment spending[30] - Cash inflow from financing activities reached ¥1,017,085,922.96, an increase from ¥954,941,297.81 in the previous period[30] - The company incurred a total of ¥525,543,786.56 in debt repayment during the current period, compared to ¥582,966,700.94 in the previous period[30] - The net cash flow from financing activities was -214,653,869.16 CNY, compared to 65,986,277.11 CNY in the same period last year, indicating a significant decline[31] Equity and Shareholder Information - The equity attributable to shareholders at the end of Q3 2021 was ¥1,340,482,575.46, an increase of 9.60% from the end of the previous year[7] - The company reported a significant increase in cash paid for financing activities, which rose by 188.47% to CNY 662,921,679.68 from CNY 229,802,238.74[12] - The number of ordinary shareholders at the end of the reporting period was 24,552, with the largest shareholder holding 40.71% of the shares[14] - The company’s non-current assets totaled 1,972,035,494.34 CNY, with fixed assets valued at 353,870,634.88 CNY[34] - The company has approved a plan to permanently supplement working capital with surplus raised funds totaling CNY 151,134,700, which includes CNY 36,455,700 for outstanding project payments[18] Operational Developments - The company plans to accelerate the trial production of its annual capacity expansion project for water treatment agents, which is currently at 180,000 tons, aiming for early full production[16] - The employee stock ownership plan for 2021 is actively progressing following approval at the third extraordinary general meeting of shareholders[17] - The company is involved in a lawsuit regarding equity transfer disputes, which is currently pending in court[16] Accounting and Reporting - The company has not undergone an audit for the third quarter report[37] - The company implemented new leasing standards starting in 2021, requiring adjustments to the financial statements[32]

Financial Performance - The company's operating revenue for the reporting period was ¥759,024,076.41, an increase of 44.31% compared to the same period last year[20]. - The net profit attributable to shareholders was -¥29,216,490.62, a decrease of 175.50% year-on-year[20]. - The net cash flow from operating activities was ¥155,078,728.94, representing a significant increase of 256.25% compared to the previous year[20]. - The total assets at the end of the reporting period were ¥4,508,818,572.27, an increase of 2.76% from the end of the previous year[20]. - The company reported a basic earnings per share of -¥0.1321, down 174.51% from the previous year[20]. - The operating cost increased by 64.53% to CNY 636,432,439.95, primarily due to rising prices of raw materials for water treatment agents and increased costs of engineering projects[53]. - The company's financial expenses increased by 32.61% to CNY 39,447,659.92, primarily due to higher interest expenses during the reporting period[53]. - The company's cash and cash equivalents decreased by 618.60% to CNY -48,962,424.03, mainly due to increased loan repayments during the reporting period[53]. - The company's total liabilities increased to CNY 3,091,451,381.38, up from CNY 2,896,708,704.35, representing a rise of 6.7%[193]. - The total equity attributable to shareholders decreased to CNY 1,155,811,340.44 from CNY 1,223,050,081.13, a decline of 5.5%[193]. Operational Highlights - The company has a total of six wholly-owned subsidiaries involved in environmental engineering and technology[11]. - The company is actively engaged in environmental governance and water treatment services, with a focus on industrial wastewater treatment and resource utilization[28][29]. - The company has established long-term partnerships with various domestic and international clients, enhancing customer satisfaction and loyalty[34]. - The company completed the construction of an 180,000-ton water treatment agent expansion project, which has entered the production phase and is expected to reach full capacity in the second half of 2021[44]. - The company has established a "qualified supplier list" system to ensure stable raw material supply channels, with procurement based on market pricing[35]. - The company’s production model is primarily "production based on sales," allowing for timely supply to meet customer demand while balancing production[36]. - The company’s sales model combines direct sales to end customers with sales through service providers and traders, ensuring comprehensive customer support[35]. Research and Development - The company aims to enhance its core competitiveness by increasing R&D investment and expanding the variety and application range of water treatment agents, focusing on green and environmentally friendly products[44]. - Research and development investment rose by 49.86% to CNY 17,937,132.03, reflecting the company's commitment to enhancing its R&D capabilities[53]. - The company has a strong R&D team, including experts from the Chinese Academy of Sciences and a dedicated group of postdoctoral and doctoral researchers, enhancing its technological capabilities[45]. Risk Management - The company emphasizes the importance of risk awareness in its future plans and development strategies[4]. - The report includes a detailed description of potential operational risks and corresponding countermeasures[4]. - The company has established risk management measures to mitigate foreign exchange market risks, liquidity risks, and credit risks associated with derivative trading[79]. - The company emphasizes the importance of adhering to risk management protocols when engaging in foreign exchange derivative transactions[79]. - The company plans to establish a long-term mechanism for orderly recovery of accounts receivable, focusing on maintaining relationships with high-credit customers[97]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific emissions standards for various pollutants, ensuring compliance with environmental regulations[106]. - The company has received environmental impact approvals for various projects, including a 50,000-ton water treatment agent project and a 10,000-ton project, with approvals dating back to 2009 and 2012 respectively[109]. - The company operates a wastewater treatment plant that has undergone environmental impact assessments and received necessary approvals, including a permit issued in December 2016[111]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues, indicating compliance with regulations[115]. - The company has implemented third-party monitoring for pollution emissions, conducting quarterly assessments to ensure compliance with environmental standards[113]. Shareholder and Governance Information - The company reported no changes in the fundraising project during the reporting period[75]. - The company has established a governance structure that complies with relevant laws and regulations, continuously improving its governance level[116]. - The total number of ordinary shareholders at the end of the reporting period is 16,254[163]. - The largest shareholder, Wang Zhiqing, holds 23,817,500 shares, accounting for 43.06% of the total shares[164]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[123]. Future Outlook - The company aims to strengthen its market influence and promote its development philosophy and strategic goals within the industry[34]. - The company is closely monitoring the COVID-19 pandemic and adjusting its business operations accordingly to seize industry development opportunities[93]. - The company faces risks from changes in the international trade environment, including potential trade barriers that could impact export performance[94]. - The company plans to temporarily use up to CNY 100 million of idle convertible bond funds to supplement working capital, with a repayment period not exceeding 12 months[74].

证券代码：300437 证券简称：清水源 公告编号：2021-045 债券代码：123028 债券简称：清水转债 河南清水源科技股份有限公司 关于参加河南辖区上市公司 2021 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，河南清水源科技股份有限公司定于 2021 年 6 月 8 日（周二）16:00-17：20 参加在全景网举办的"真诚沟通 传递 价值"河南辖区上市公司 2021 年投资者网上集体接待日活动，本次活动将采用 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） 参与本次互动交流。 出席本次网上集体接待日活动的人员有：公司董事会秘书兼副总裁成举明先 生、财务总监王琳女士（如有特殊情况，参会人员将可能进行调整），欢迎广大 投资者积极参与！ 特此公告。 河南清水源科技股份有限公司董事会 2021 年 6 月 3 日 ...

Financial Performance - The company's performance significantly declined due to the COVID-19 pandemic, with a net profit of -49.51 million RMB for Anhui Zhongxu Environmental Construction Co., Ltd, failing to meet the commitment of at least 115.2 million RMB[5] - The company reported a substantial decrease in overall business performance compared to the previous year, attributed to delayed resumption of work across the industry[5] - The company's operating revenue for 2020 was ¥1,237,387,447.26, a decrease of 27.55% compared to ¥1,707,807,465.13 in 2019[17] - The net profit attributable to shareholders was -¥373,063,087.37, representing a decline of 423.63% from ¥115,275,996.48 in the previous year[17] - The company reported a significant loss in the fourth quarter with a net profit of -¥445,319,495.31, contrasting with positive profits in the earlier quarters[20] - The company's net assets attributable to shareholders decreased by 24.11% to ¥1,223,050,081.13 from ¥1,611,546,560.53 in 2019[17] - The basic earnings per share for 2020 was -¥1.7088, compared to ¥0.5280 in 2019, marking a decline of 423.64%[17] - The company achieved a net profit of -¥373,063,087.37, with a significant impact from goodwill impairment[107] - In 2020, Zhongxu Environment achieved a net profit of -48.19 million yuan, significantly below the performance commitment of 115.20 million yuan, resulting in a variance of -164.71 million yuan[173] Profit Distribution and Dividends - The board approved a profit distribution plan for 2020, which includes no cash dividends, no bonus shares, and no capital reserve conversion into share capital[5] - The company plans not to distribute cash dividends, issue bonus shares, or increase capital reserves in 2020[162] - The cash dividend distribution policy requires at least 20% of the distributable profit to be distributed as cash dividends if there are no major investments or expenditures[159] - The company reported a net loss of 373,063,087.37 yuan in 2020, resulting in a cash dividend ratio of 0.00%[163] Business Operations and Strategy - The company operates in five major business segments, focusing on water treatment chemicals, industrial wastewater treatment, and environmental remediation[25] - The company is actively expanding its business into international markets, including Pakistan and Malaysia, through its subsidiary, Ande Technology[1] - The company is engaged in comprehensive environmental governance projects in regions such as Anhui and Henan, focusing on river management and environmental remediation[1] - The company is focusing on the development of phosphorus-free water treatment agents to meet the growing demand from end customers for blended products[46] - The company is implementing automated and intelligent production processes in its new facilities to enhance operational efficiency[46] - The company is enhancing its management structure to address challenges arising from business diversification and scale expansion[154] Research and Development - The company has established a research and development team consisting of experts from the Chinese Academy of Sciences and industry specialists, enhancing its technological capabilities[47] - The company emphasizes R&D, with a team comprising experts and graduates from top universities, fostering innovation and enhancing competitive advantage[59] - The company has made significant breakthroughs in industrial complex wastewater treatment, particularly in the coking and pharmaceutical industries[80] - The company has launched new products, including an online three-parameter water quality analyzer and a cooling water intelligent dynamic simulation device, receiving positive market feedback[72] Market and Product Development - The company is recognized as one of the leading manufacturers of water treatment agents in China, with products exported to multiple countries[25] - The company has completed the expansion project for an annual production capacity of 180,000 tons of water treatment agents, which will increase the total capacity to 270,000 tons[46] - The company has diversified its product offerings in water treatment agents, improving product quality and research and development capabilities[79] - The company is focused on continuous online production and energy-saving processes in its core product lines, enhancing production efficiency[83] Financial Management and Investments - The company has established a fundraising management system to ensure the proper use of funds and protect investor rights[125] - The company has committed to various projects, including a research center with a total investment of 4,500 million RMB, achieving 101.57% of the planned investment[127] - The company has made significant investments in projects such as the PPP project for municipal solid waste treatment, indicating a focus on market expansion and new strategies[56] - The company has a total of ¥554,700,648.42 in restricted assets, primarily due to various guarantees and pledges[114] Risks and Challenges - The company faces risks from raw material price fluctuations, which could impact gross margins and profitability due to environmental policy influences[150] - The company is exposed to international trade risks, including potential trade barriers that could affect export operations and market expansion[151] - The company is implementing measures to manage exchange rate fluctuations that could impact profitability from its significant export revenue[152] - The company has faced challenges due to the COVID-19 pandemic, impacting its environmental engineering business, while the water treatment agent business remained stable[67] Commitments and Compliance - The company has committed to providing accurate and complete information regarding the transaction, ensuring no false records or misleading statements exist[169] - The company has established measures to ensure that no unfair benefits are provided to other entities or individuals[167] - The company has committed to ensuring that all documents provided for the transaction are authentic and accurately represent the original materials[169] - The company has pledged to comply with the latest regulations from the China Securities Regulatory Commission regarding performance compensation measures[168]

Financial Performance - The company's operating revenue for Q1 2021 was ¥332,879,279.21, representing a 22.68% increase compared to ¥271,333,931.78 in the same period last year[7] - The net profit attributable to shareholders decreased by 83.03% to ¥3,440,571.91 from ¥20,278,319.96 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 84.03% to ¥3,265,354.82 from ¥20,441,811.22 in the previous year[7] - Basic earnings per share decreased by 83.21% to ¥0.0156 from ¥0.0929 year-on-year[7] - Net profit for the period was 5.29 million yuan, a decrease of 79.31% year-on-year, primarily due to rising raw material prices and increased shipping costs[18] - Net profit for Q1 2021 was CNY 5,289,306.35, a decrease from CNY 25,566,054.52 in the same period last year[50] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching ¥44,168,951.46, compared to a negative cash flow of ¥23,338,101.86 in the same period last year, marking a 289.26% increase[7] - Cash received from tax refunds increased by 210.80% to 12.01 million yuan, due to changes in export tax rebate rates[1] - The company's cash outflow for purchasing goods and services rose by 45.25% to 293.45 million yuan, driven by increased raw material prices[1] - The company's cash and cash equivalents were CNY 521,298,133.83 as of March 31, 2021, slightly down from CNY 529,148,880.31 at the end of 2020, a decrease of about 1.61%[40] - The total cash and cash equivalents at the end of the period were CNY 214,524,611.83, down from CNY 262,944,228.48 at the beginning of the period[59] Assets and Liabilities - Total assets at the end of the reporting period increased by 3.95% to ¥4,560,992,346.25 from ¥4,387,774,793.05 at the end of the previous year[7] - The company's total liabilities reached CNY 3,065,226,409.66, compared to CNY 2,896,708,704.35 at the end of 2020, representing a rise of approximately 5.84%[42] - The company's current assets totaled CNY 2,596,911,671.52, up from CNY 2,415,739,298.71 at the end of 2020, indicating an increase of about 7.51%[40] - The company reported a significant increase in contract assets, which rose to CNY 888,119,529.88 from CNY 750,126,994.03, marking an increase of about 18.43%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,096[10] - The largest shareholder, Wang Zhiqing, holds 43.06% of the shares, totaling 95,270,000 shares[10] - As of March 31, 2021, the company has repurchased 290,700 shares, accounting for 0.131% of the total share capital, with a total payment of RMB 2,413,974[30] Research and Development - Research and development expenses increased by 87.69% to 7.75 million yuan, reflecting higher investment in R&D compared to the previous period[1] - Research and development expenses for the quarter were CNY 287,261.10, slightly lower than CNY 350,244.28 in the previous period[53] Regulatory and Risk Management - The company has received a warning letter from the China Securities Regulatory Commission, indicating regulatory scrutiny[28] - The company faces risks from international trade protectionism, which could adversely affect export business and international market expansion[23] - The company is actively managing accounts receivable to mitigate cash flow risks, especially in the context of expanding into environmental governance[27] - The company is closely monitoring foreign exchange trends to mitigate the impact of RMB fluctuations against the USD on export profitability[24] - The company is enhancing internal management and talent retention to address management risks associated with business diversification[26] Investment and Projects - The company secured a major PPP project in Henan Province with a total investment of 1.92 billion yuan, with a cooperation period of 30 years[19] - The company has invested a total of RMB 48,044.68 million in fundraising projects, with 54.84% of the annual production expansion project completed[32] - The company has entered trial production for the annual production expansion project of 180,000 tons of water treatment agents[28] Financial Expenses - The company’s financial expenses increased by 31.71% to 20.66 million yuan, mainly due to higher one-time payment fees for letters of credit[1] - The company incurred a financial expense of CNY 4,999,402.40, which included interest expenses of CNY 4,728,998.12[53]

Financial Performance - Operating revenue decreased by 1.86% to CNY 362,684,828.09 for the current period, and year-to-date revenue decreased by 21.34% to CNY 888,645,424.90[7] - Net profit attributable to shareholders increased by 6.31% to CNY 33,557,232.27 for the current period, but decreased by 30.27% year-to-date to CNY 72,256,407.94[7] - Operating profit decreased by 45.96% to ¥101,036,736.20 primarily due to the impact of the pandemic on project execution[15] - Total operating revenue for the third quarter was CNY 362,684,828.09, compared to CNY 369,577,027.32 in the previous period[34] - Net profit for the third quarter was CNY 33,836,896.01, compared to CNY 41,601,513.33 in the same period last year, representing a decline of approximately 18.7%[36] - The company’s total assets as of the end of the reporting period were CNY 888,645,424.90, compared to CNY 1,129,763,773.32 in the previous year[42] - Operating revenue for the first three quarters of 2020 was ¥408,404,516.67, down from ¥426,386,775.11 in the same period last year, representing a decline of 4.6%[46] Cash Flow and Liquidity - Net cash flow from operating activities surged by 414.13% to CNY 99,451,912.38 for the current period, and increased by 257.24% year-to-date to CNY 142,982,889.19[7] - Cash flow from operating activities decreased by 47.06% to ¥179,880,224.88 influenced by inter-group fund transfers[15] - Cash received from tax refunds rose by 51.60% to ¥20,848,548.48 due to changes in export tax rebate policies[15] - Operating cash inflow for Q3 2020 was CNY 1,113,926,790.39, a decrease of 2.9% compared to CNY 1,146,930,592.78 in Q3 2019[51] - Net cash flow from operating activities turned positive at CNY 142,982,889.19, compared to a negative CNY 90,933,812.65 in the same period last year[51] - The ending balance of cash and cash equivalents was CNY 413,265,231.18, down from CNY 515,831,672.20 at the end of Q3 2019[52] Assets and Liabilities - Total assets increased by 4.36% to CNY 4,877,692,156.22 compared to the end of the previous year[7] - Current liabilities rose to CNY 2,176,549,936.38 from CNY 2,035,310,717.21, an increase of approximately 6.9%[28] - Total liabilities increased to CNY 2,913,613,347.81 from CNY 2,762,889,302.90, marking an increase of about 5.4%[28] - The company's total equity reached CNY 1,964,078,808.41, up from CNY 1,910,960,456.32, reflecting an increase of approximately 2.8%[29] - Total liabilities reached CNY 2,762,889,302.90, with current liabilities at CNY 2,035,310,717.21 and non-current liabilities at CNY 727,578,585.69[59] - The total liabilities to equity ratio is approximately 1.44, indicating a moderate level of financial leverage[60] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,230[11] - The largest shareholder, Wang Zhiqing, holds 43.63% of the shares, totaling 95,270,000 shares[11] Research and Development - Research and development expenses increased by 105.60% to ¥20,339,087.52 reflecting higher investment in R&D projects[15] - The company plans to continue focusing on research and development to drive future growth and market expansion[36] Government Subsidies - The company received government subsidies amounting to CNY 13,350,638.12 during the reporting period, primarily related to advanced manufacturing and enterprise development funds[8] - The company received government subsidies amounting to ¥13,195,638.12, a 195.55% increase compared to the previous year[15] Credit and Impairment - The company reported a credit impairment loss of CNY 2,842,640.69, a significant improvement compared to a loss of CNY 11,544,910.78 in the previous year[36] - The company reported a credit impairment loss of ¥12,852,569.70 in Q3 2020, compared to a gain of ¥3,222,123.55 in Q3 2019[43] Other Financial Metrics - Basic earnings per share rose by 6.29% to CNY 0.1537, while diluted earnings per share decreased by 10.65% to CNY 0.1292[7] - Basic earnings per share for the third quarter were CNY 0.1537, an increase from CNY 0.1446 in the previous period[37] - The weighted average return on equity decreased by 2.70% to 2.06%[7] - The company reported a decrease in employee compensation payable from CNY 9,630,583.39 to CNY 6,015,411.12, a reduction of approximately 37.5%[28]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥525.96 million, a decrease of 30.81% compared to ¥760.19 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥38.70 million, down 46.30% from ¥72.06 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥34.54 million, a decrease of 52.17% compared to ¥72.22 million in the same period last year[19]. - The basic earnings per share for the first half of 2020 were ¥0.1773, down 46.29% from ¥0.3301 in the same period last year[19]. - The diluted earnings per share were ¥0.1501, a decrease of 54.53% compared to ¥0.3301 in the previous year[19]. - The weighted average return on net assets was 2.37%, down 2.61% from 4.98% in the same period last year[19]. - The company reported a net increase in cash and cash equivalents of ¥9,441,353.88, a decrease of 97.95% from ¥460,076,334.28, mainly due to the previous year's fundraising from convertible bonds[54]. - The company reported a significant increase in non-operating expenses by 526.55% to ¥1,732,893.43, mainly due to donations made to public welfare organizations during the pandemic[55]. - The company reported a total investment cash inflow of ¥118,660,000.00, which is an increase from ¥50,950,000.00 in the same period last year[196]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to approximately ¥43.53 million, compared to a negative cash flow of ¥59.27 million in the same period last year, representing an increase of 173.44%[19]. - Cash and cash equivalents decreased to ¥433.55 million, representing 9.21% of total assets, down from 16.19% in the previous year, a decrease of 6.98%[61]. - The company’s cash flow from investment activities showed a recovery, with cash inflows significantly exceeding outflows for the first half of 2020[196]. - The company’s financing activities resulted in a net cash outflow, highlighting a need for strategic financial management moving forward[196]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥4.71 billion, an increase of 0.69% from ¥4.67 billion at the end of the previous year[19]. - The total liabilities increased slightly to ¥2,777,877,679.98 from ¥2,762,889,302.90[178]. - The company's debt-to-asset ratio decreased to 59.03% from 60.66%, a change of -1.64%[166]. - The total equity increased to ¥1,928,234,116.93 from ¥1,910,960,456.32, reflecting a growth in shareholder equity[178]. Research and Development - The company has established a strong R&D team with over 60 authorized patents, including more than 10 invention patents and 50 utility model patents, contributing to its competitive edge in the water treatment industry[35]. - Research and development investment increased significantly by 96.42% to ¥11,969,553.34 from ¥6,093,744.17, indicating a focus on innovation despite the pandemic[54]. - The company is developing the "Shuiyunzong" industrial internet platform, which integrates AI and internet technologies to enhance industrial water treatment efficiency and reduce energy consumption[43]. Market Position and Strategy - The company is a leading manufacturer of water treatment chemicals in China, with a focus on five major business segments: water treatment chemical R&D and production, industrial water system services, industrial wastewater treatment, municipal wastewater treatment, and environmental remediation[26]. - The company has expanded its operations internationally, with business activities in countries such as Pakistan and Malaysia, enhancing its market presence[27]. - The company has a strong market position and brand reputation, being one of the earliest producers of water treatment agents in China, which has led to long-term partnerships with domestic and international clients[36]. - The company is positioned to benefit from the growing environmental protection industry, which is entering a phase of quality improvement and efficiency enhancement[28]. Operational Challenges - The company faces risks from the COVID-19 pandemic, which could impact external business operations and increase operational costs[91]. - The company is actively monitoring raw material price fluctuations, which could affect gross margins and profitability[92]. - The company reported a significant impact on project timelines due to regulatory constraints related to pollution control in Henan Province[77]. Corporate Governance and Compliance - The actual controller and shareholders have fulfilled their commitments during the reporting period, with no violations noted[103]. - There were no significant litigation or arbitration matters during the reporting period[106]. - The company did not engage in any related party transactions during the reporting period[110]. - The half-year financial report has not been audited[104]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 12,608[152]. - The largest shareholder, Wang Zhiqing, holds 43.63% of the shares, totaling 95,270,000 shares[152]. - The company distributed a cash dividend of 1.099931 RMB per 10 shares as of June 4, 2020[161].

Dividend Distribution - The company plans to distribute a cash dividend of 1.1 RMB per 10 shares to all shareholders, based on a total of 218,324,973 shares [4]. - The company achieved a net profit of 76,150,838.40 yuan for the year 2019, with a distributable profit of 273,462,066.08 yuan at year-end [122]. - The cash dividend policy stipulates that at least 20% of the distributable profit should be distributed as cash dividends if there are no major investments or expenditures [119]. - The cash dividend amount for 2019 was 24,015,747.03, representing 20.83% of the net profit attributable to ordinary shareholders [126]. - The cash dividend amount for 2018 was 50,214,051.95, representing 20.33% of the net profit attributable to ordinary shareholders [126]. - The cash dividend amount for 2017 was 24,015,416.15, representing 21.20% of the net profit attributable to ordinary shareholders [126]. Financial Performance - The company's operating revenue for 2019 was ¥1,707,807,465.13, a decrease of 0.25% compared to ¥1,712,117,473.81 in 2018 [16]. - The net profit attributable to shareholders for 2019 was ¥115,275,996.48, representing a significant decline of 53.33% from ¥247,012,482.19 in 2018 [16]. - The total assets at the end of 2019 reached ¥4,673,849,759.22, marking a 19.49% increase from ¥3,911,495,365.44 at the end of 2018 [16]. - The total net assets attributable to shareholders increased by 12.92% to ¥1,611,546,560.53 at the end of 2019, compared to ¥1,427,098,179.49 at the end of 2018 [16]. - The basic earnings per share for 2019 were ¥0.5280, down 53.33% from ¥1.1314 in 2018 [16]. - In 2019, the company achieved operating revenue of CNY 1,707.81 million, with a net profit attributable to shareholders of CNY 115.28 million, representing a decrease of 39.77% and 53.33% year-on-year, respectively [40]. Risk Management - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting potential risks and countermeasures in its operations [4]. - The company has implemented a comprehensive risk management strategy to address potential operational challenges [4]. - The company is facing risks related to product price fluctuations due to raw material price volatility, which could impact profit margins [113]. - The company has a risk of increased accounts receivable due to potential economic downturns, which could impact cash flow [115]. - The company faces foreign exchange risks as a significant portion of its export revenue is denominated in USD, with fluctuations in the RMB/USD exchange rate affecting profitability [115]. - The company is actively seeking long-term partnerships with quality clients and suppliers to mitigate risks associated with raw material price changes [114]. Research and Development - The company is committed to innovation, investing in new product development and technological advancements in water treatment solutions [9]. - The company has established partnerships with top research institutions for R&D in water treatment chemicals and complex wastewater treatment technologies [27]. - The company emphasizes innovation and has a dedicated R&D team, which is crucial for maintaining its industry leadership in water treatment technology [34]. - The number of R&D personnel increased to 100 in 2019, accounting for 7.03% of the total workforce, up from 3.52% in 2018 [69]. - In 2019, the company's R&D investment amounted to ¥20,230,273.18, representing 1.18% of operating revenue, an increase from 1.04% in 2018 [69]. - The company is focusing on developing integrated sewage treatment solutions tailored for rural areas, aiming to contribute to the construction of beautiful rural communities [43]. Market Expansion - The company is focused on expanding its market reach through strategic partnerships and collaborations in the water treatment industry [9]. - The company has expanded its business operations to countries such as Pakistan and Malaysia, indicating a strategic move towards international market expansion [30]. - The company anticipates strong market demand for water treatment products in 2020 due to supportive government policies and the recovery of downstream industries post-COVID-19 [104]. - The company aims to enhance its core competitiveness by increasing R&D investment and expanding the variety and application range of water treatment agents, particularly focusing on green and environmentally friendly polymer products [109]. - The company is developing the "Product + Platform + Service" model to solidify its main business and enhance market competitiveness and customer recognition [108]. Financial Management - The company has a registered capital of 300 million RMB, indicating a solid financial foundation for future growth [12]. - The company reported a total investment of ¥123,649,321.11 during the reporting period, a decrease of 60.18% compared to ¥310,527,637.87 in the previous year [77]. - The company has a total of RMB 17,942.53 million in unused fundraising funds, with 4.18% of the total amount remaining [82]. - The company has a remaining balance of RMB 6,587,014.66 million in fundraising funds as of December 31, 2019, including returns from financial products [86]. - The company has committed to improving cash flow management by strengthening cost control and accelerating accounts receivable collection to mitigate financial risks [112]. - The company has engaged in acquisitions to enhance its core water-related business, which has resulted in goodwill that may be subject to impairment risks [116]. Corporate Governance - The company did not conduct any investor communications or interviews during the reporting period [117]. - The company did not issue new shares or increase capital reserves through stock dividends in 2019 [124]. - The actual controller and related parties fulfilled their commitments during the reporting period [127]. - The company has established a commitment to not use company assets for unrelated investment or consumption activities [131]. - The company has committed to providing additional assurances if new regulatory requirements arise that affect the profit compensation measures [131]. - The company has confirmed that all its assets are free from legal disputes, pledges, or other encumbrances [134]. Environmental Compliance - The company is classified as a key pollutant discharge unit and has maintained compliance with pollution discharge standards since the establishment of its facilities [182][183]. - The wastewater treatment plant operated by the company has a designed capacity of 30,000 tons per day and has not reported any instances of exceeding discharge standards since its operation began [183]. - The company has completed environmental impact assessments for all construction projects, receiving approvals from relevant environmental protection departments [184]. - The company has implemented a quarterly monitoring scheme for pollutant emissions through a qualified third-party monitoring unit [187]. - The company has established emergency response plans for environmental incidents, with the latest plan filed in September 2019 [186]. - The company has received approvals for the construction and operation of the sewage treatment plant and associated pipeline projects in 2012 and 2015 [185].