证券代码：300536 证券简称：农尚环境 公告编号：2023-044 武汉农尚环境股份有限公司 关于控股股东部分股份质押的公告 注：本公告中出现总数与各分项数值之和尾数不符的情况，均为四舍五入原因造成。 2、截至公告披露日，股东股份累计质押情况 股东 名称 持股数量 （股） 持股 比例 本次质押前 质押股份数 量（股） 本次质押后 质押股份数 量（股） 占其所 持股份 比例 占公 司总 股本 比例 已质押股份 情况 未质押股份 情况 已质押股份 限售和冻 结、标记数 量（股） 占已 质押 股份 比例 未质押股份 限售和冻结 数量（股） 占未 质押 股份 比例 海南 芯联 58,660,000 20% 20,000,000 27,000,000 46.03% 9.21% 27,000,000 100% 31,660,000 100% 二、其他情况说明 截至本公告披露日，公司控股股东所质押股份不存在平仓风险或被强制平仓的情形，不 会对上市公司生产经营、公司治理等产生影响。上述质押行为不会导致公司实际控制权变更。 公司将持续关注其质押情况及质押风险情况，并按规定及时做好相关信息披露工作，敬 请投资者注意投资风险。 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥59,234,925.74, representing a 71.23% increase compared to ¥34,594,122.02 in the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was ¥4,260,521.44, up 14.24% from ¥3,729,584.74 in Q1 2022[4] - Total operating revenue for Q1 2023 reached ¥59,234,925.74, a significant increase of 71.5% compared to ¥34,594,122.02 in the same period last year[23] - Operating profit for Q1 2023 was ¥6,784,546.13, compared to ¥4,858,968.33 in the previous year, indicating a growth of 39.5%[23] - The company's profit before tax for Q1 2023 was 6,653,931.08 CNY, an increase from 4,772,763.74 CNY in Q1 2022, representing a growth of approximately 39.3%[24] - The company’s total comprehensive income for Q1 2023 was 3,311,690.52 CNY, compared to 2,494,503.58 CNY in Q1 2022, reflecting an increase of about 32.7%[24] Cash Flow and Assets - The net cash flow from operating activities improved by 81.09%, reaching -¥19,994,404.87, compared to -¥105,713,481.71 in the previous year[4] - The total current assets decreased to ¥790,467,895.32 from ¥866,760,707.19 at the beginning of the year, a decline of 8.8%[20] - The company's cash and cash equivalents dropped to ¥45,775,212.68 from ¥103,782,558.89, a decrease of 55.9%[20] - Cash and cash equivalents at the end of Q1 2023 were 18,955,159.67 CNY, down from 57,902,364.55 CNY at the end of Q1 2022[28] - The total cash inflow from operating activities was 113,341,549.12 CNY, compared to 96,886,373.71 CNY in the previous year, marking a rise of about 17.0%[27] - The total cash outflow from operating activities was 133,335,953.99 CNY, down from 202,599,855.42 CNY in Q1 2022, showing a decrease of approximately 34.2%[27] - The company reported a cash flow from financing activities of -9,928,073.94 CNY in Q1 2023, compared to -3,416,122.66 CNY in Q1 2022, indicating a worsening in financing cash flow[28] Costs and Expenses - The company reported a 102.32% increase in operating costs, which rose in line with the increase in revenue[7] - Total operating costs for Q1 2023 were ¥52,045,126.51, up 76.0% from ¥29,579,952.49 in Q1 2022[23] - The company reported a 46.70% increase in income tax expenses, reflecting higher current and deferred tax liabilities due to improved operating performance[8] - Research and development expenses for Q1 2023 were ¥1,644,343.24, compared to ¥1,529,632.92 in the previous year, indicating a 7.5% increase[23] Shareholder Information - The company had a total of 10,256 ordinary shareholders at the end of the reporting period[10] - The company reported a total of 39,393 shares under lock-up at the beginning of the period, with 4,500 shares released during the quarter, resulting in 34,893 shares remaining under lock-up[14] Equity and Liabilities - The total assets at the end of Q1 2023 were ¥967,391,184.48, a decrease of 7.52% from ¥1,046,097,733.11 at the end of the previous year[4] - Total liabilities decreased to ¥325,197,146.15 from ¥407,215,385.30, representing a reduction of 20.2%[21] - The total equity attributable to shareholders increased to ¥635,450,846.76 from ¥631,190,325.32, a slight growth of 0.4%[21] Contracts and Agreements - The company has a contract amounting to RMB 850 million for the PPP project with China State Construction Engineering Corporation, signed in June 2019[15] - The company has paid RMB 80 million as the first installment for the equity income rights transfer agreement with CITIC Fortune, related to the PPP project[17]

Financial Performance - The company reported a total revenue of 293,288,133 RMB for the year 2022, with no cash dividends or stock bonuses distributed to shareholders[3]. - The company's operating revenue for 2022 was ¥387,923,666.05, an increase of 26.11% compared to ¥307,604,209.00 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥23,468,203.36, a significant increase of 5,336.55% from a loss of ¥448,161.67 in 2021[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,856,269.20, up 723.49% from a loss of ¥3,826,227.15 in 2021[19]. - The basic earnings per share for 2022 was ¥0.0800, compared to a loss of ¥0.0015 in 2021, representing an increase of 5,433.33%[19]. - The total assets at the end of 2022 were ¥1,046,097,733.11, a decrease of 11.73% from ¥1,185,170,638.27 at the end of 2021[19]. - The net cash flow from operating activities for 2022 was -¥129,983,320.75, worsening by 177.62% from -¥46,820,159.25 in 2021[19]. - The company achieved a net profit of ¥18,407,070.81 in Q4 2022, marking a significant recovery from a loss in Q2[21]. - The company reported a gross profit margin of 21.34% for landscape engineering, reflecting a 4.97% increase compared to the previous year[49]. - The company achieved operating revenue of 387.92 million yuan, an increase of 26.11% compared to the same period last year, and turned a profit with a net profit of 23.47 million yuan[42]. Risks and Challenges - The company has acknowledged various risks including macroeconomic conditions, safety production, environmental protection, and raw material price fluctuations[3]. - The landscaping industry faces significant competition, with many small enterprises and a challenging market environment due to economic downturns and reduced investment in infrastructure[31]. - The company is addressing management risks associated with its growing scale, focusing on improving internal controls and risk management systems[93]. - The company is managing funding risks related to long settlement cycles in its core landscaping projects and is enhancing accounts receivable recovery efforts[95]. - The company has taken effective measures to manage operational risks due to significant discrepancies in the actual construction progress of the Xiangyang Shuangzhao Reservoir landscape greening project[55]. Corporate Governance - The company held 5 shareholder meetings during the reporting period, all convened by the board of directors, ensuring equal rights for all shareholders, especially minority shareholders[99]. - The board of directors consists of 8 members, including 4 independent directors, and held 8 meetings during the reporting period, complying with relevant laws and regulations[100]. - The supervisory board, comprising 3 members, conducted 6 meetings, effectively supervising the company's major matters and financial status[101]. - The company has established a comprehensive internal control system, effectively managing risks and ensuring compliance with laws and regulations[102]. - The company operates independently from its controlling shareholder in terms of assets, personnel, finance, organization, and business, maintaining a complete business system[103]. Strategic Development - The company is positioned in the landscaping industry, which is expected to grow due to increasing government support for ecological and urban development initiatives[29]. - The company continues to focus on its core landscaping business while steadily entering the integrated circuit new business sector, actively seeking business and technical cooperation[42]. - The company plans to enhance its qualifications, strengthen technology research and development, and improve project management capabilities to meet customer delivery requirements[31]. - The company aims to leverage national policy guidance to capitalize on economic recovery opportunities while maintaining stable development in its core landscaping engineering business[88]. - The company is focusing on expanding its market presence through various public-private partnership (PPP) projects[54]. Research and Development - The company reported a 113.98% increase in R&D expenses, totaling CNY 7.22 million in 2022 compared to CNY 3.37 million in 2021[64]. - R&D investment as a percentage of operating revenue increased to 1.86% in 2022 from 1.10% in 2021[67]. - The company has completed customer testing for its USI-T 4K/8K TV display driver chip, aiming for a transmission rate of 3.5Gbps[65]. - The company holds 48 utility model patents and obtained 2 software copyrights during the reporting period, emphasizing its commitment to technological innovation[44]. - The company is committed to enhancing its research and development capabilities to drive future growth[113]. Financial Management - The company has established a comprehensive salary management system and incentive mechanism to align employee compensation with performance and contributions[134]. - The company has a structured remuneration system that aligns with local and industry standards[121]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.0665 million[122]. - The company has implemented measures to mitigate risks from natural disasters and legal disputes that could impact project execution and financial performance[96]. - The company has committed to fulfilling its corporate social responsibilities, including tax obligations and promoting employment[158]. Market Position and Expansion - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions to enhance its competitive edge[109]. - The company plans to expand its market presence by entering three new provinces in the upcoming year, aiming for a 25% increase in market share[168]. - A strategic acquisition of a local competitor is expected to be finalized by Q2 2023, which will enhance the company's operational capabilities and customer base[169]. - The company is actively pursuing strategic partnerships to leverage synergies and expand its operational capabilities[109]. - The company has provided a performance guidance for 2023, projecting a revenue growth of approximately 20%[109]. Compliance and Commitments - The company has not reported any violations of the commitment regarding competition and related transactions during the reporting period[166]. - The company guarantees that any potential business opportunities that may compete with its main business will be immediately reported, ensuring priority rights for the company[165]. - The company has committed to strict adherence to its promises, with no violations reported[174]. - The company has established a legal responsibility for the accuracy and completeness of its financial disclosures[174]. - The company has ensured that there are no false records or major omissions in its prospectus[174].

武汉农尚环境股份有限公司 证券代码：300536 证券简称：农尚环境 公告编号：2023-009 为充分尊重投资者、提升交流的针对性，现就公司本次说明会提前向投资者 征集相关问题，广泛听取投资者的意见和建议。投资者可提前登录"互动易"平 台（irm.cninfo.com.cn）"云访谈"栏目进入公司本次说明会页面进行提问。届时 公司将在本次说明会上对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与。 特此公告。 关于召开 2022 年度网上业绩说明会的公告 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。 武汉农尚环境股份有限公司（以下简称"公司"）已于 2023 年 3 月 29 日在巨 潮资讯网披露了公司 2022 年年度报告及摘要。为便于广大投资者进一步了解公 司经营情况及未来发展规划，公司定于 2023 年 4 月 19 日（星期三）16:00-17:00 举办 2022 年度业绩说明会。本次年度业绩说明会将采用网络远程的方式举行， 投资者可登陆深圳证券交易所"互动易"平台（http://irm.cninfo.com.cn），进入 "云访谈"栏目参 ...

Financial Performance - The company's operating revenue for 2019 was CNY 462,814,178.58, representing a 0.55% increase compared to CNY 460,269,487.16 in 2018[30]. - The net profit attributable to shareholders for 2019 was CNY 52,526,621.48, a 0.54% increase from CNY 52,246,763.91 in the previous year[30]. - The net cash flow from operating activities increased by 34.82% to CNY 191,427,236.65 in 2019, compared to CNY 141,992,460.23 in 2018[30]. - The total assets at the end of 2019 reached CNY 1,404,934,264.58, marking a 15.56% increase from CNY 1,215,755,627.02 in 2018[30]. - The net assets attributable to shareholders increased by 7.36% to CNY 612,295,080.20 at the end of 2019, compared to CNY 570,326,831.23 in 2018[30]. - The basic earnings per share remained stable at CNY 0.18 for both 2019 and 2018[30]. - The company reported a weighted average return on equity of 8.91% for 2019, down from 9.57% in 2018[30]. - The company achieved total revenue of ¥462,814,178.58 in 2019, a 0.55% increase from ¥460,269,487.16 in 2018[65]. - Net profit attributable to the parent company was ¥52,526,621.48, reflecting a 0.54% growth compared to ¥52,246,763.91 in the previous year[65]. - Total assets increased by 15.56% to ¥1,404,934,264.58 from ¥1,215,755,627.02 at the beginning of the year[65]. - The company's net assets attributable to the parent company rose by 7.36% to ¥612,295,080.20 from ¥570,326,831.23 at the start of the year[65]. Revenue Sources and Risks - The company's revenue from real estate landscape gardening business remains a significant portion of total revenue, indicating reliance on the real estate sector[8]. - The company faces risks from high customer concentration, with major clients including state-owned enterprises and local governments, which could lead to significant revenue fluctuations if their financial health declines[13]. - The company acknowledges the risk of economic downturns affecting its performance, particularly due to fluctuations in the real estate market and government infrastructure investments[6]. - The company faces risks from fluctuations in the real estate market, which could lead to significant revenue declines if the sector experiences downturns[48]. - The company's municipal public garden business revenue constitutes a high proportion of total revenue, making it sensitive to local government debt levels[49]. - The company is exposed to macroeconomic policy changes that could adversely affect its operations, particularly in the context of infrastructure investment and real estate[47]. Operational Challenges and Recovery - The company is experiencing operational recovery post-COVID-19, with measures in place to mitigate the pandemic's adverse effects on business[16]. - The COVID-19 pandemic has had a noticeable impact on the company's operations, although recovery is expected as government policies support business resumption[51]. - Rising costs of materials and labor for landscaping projects due to inflation and supply-demand changes pose a risk to the company's operating costs[51]. - The company has reported a significant increase in inventory due to ongoing construction projects, which may lead to cash flow challenges if project settlements are delayed[15]. - The company has experienced an increase in inventory due to construction projects that have not yet been settled, which may lead to prolonged inventory turnover periods[50]. Strategic Initiatives and Market Position - The company is committed to adapting to macroeconomic changes and maintaining operational stability amid external pressures[7]. - The company emphasizes the importance of government policies in stabilizing the real estate market, which is crucial for its business sustainability[8]. - The landscape gardening industry is facing increased competition due to lower entry barriers, necessitating continuous innovation and enhancement of core competencies to maintain market position[12]. - The company aims to enhance its operational capabilities and profitability through strategic expansion and leveraging its listing for sustainable development[40]. - The company has established a national business development framework since its listing in September 2016, enhancing its market position in various regions[40]. - The company is actively participating in public and invited bidding processes to secure landscaping contracts, ensuring a structured approach to project acquisition[43]. - The company has a strong focus on environmental protection and ecological restoration, aligning with national policies aimed at improving ecological quality[39]. Shareholder Returns and Profit Distribution - The company has proposed a cash dividend of 0.36 yuan per share based on a total of 293,288,133 shares, reflecting a commitment to shareholder returns despite operational challenges[17]. - The company implements a profit distribution policy that prioritizes cash dividends, aiming for at least 20% of distributable profits to be distributed in cash if no major investment plans are in place[124]. - The total distributable profit for the year was RMB 52,526,621.48, with the cash dividend amounting to 20.10% of this total[137]. - The company distributed a cash dividend of RMB 0.36 per 10 shares, totaling RMB 10,558,372.79, which represents 20.10% of the net profit attributable to ordinary shareholders[134]. - The company’s cash flow from operating activities has been below 20% of the distributable profit for three consecutive years, which could trigger a review of the dividend policy[134]. Governance and Compliance - The company has established a governance structure that ensures the protection of shareholders' and creditors' rights[186]. - The company has committed to minimizing or avoiding related party transactions to protect shareholder rights[148]. - The company has established a framework to ensure that related transactions are based on fair pricing and avoid significant discrepancies with market prices[150]. - The company has committed to fulfilling its obligations regarding compensation measures, ensuring no unfair benefits are provided to other entities or individuals[151]. - The company has not encountered any violations of commitments made regarding related party transactions and fund occupation[152]. Research and Development - The company has made significant investments in R&D, focusing on urban ecological restoration and protection technologies, completing six key research projects during the reporting period[60]. - The company invested CNY 15,651,175.40 in R&D, representing 3.38% of its operating revenue, with a total of 10 research projects ongoing, 6 of which were completed during the reporting period[91]. - The company has obtained a total of 32 utility model patents as of December 31, 2019, with one new patent granted during the reporting period[60]. - The company has developed 47 non-patented technologies, with four new technologies added during the reporting period[60]. Market and Competitive Landscape - The landscape greening market is highly competitive, with many companies entering the space due to low entry barriers, increasing market pressure[49]. - The company aims to balance its municipal and real estate landscaping businesses, which helps reduce operational risks and supports sustainable growth[58]. - The company has established a competitive talent pool, enhancing its technical capabilities and management levels[59]. - The company is actively expanding its business across regions, which helps mitigate risks associated with seasonal and regional market fluctuations[60].

Financial Performance - Net profit attributable to shareholders was ¥15,829,877.33, reflecting a growth of 3.70% year-on-year[8]. - Operating revenue for the period was ¥122,788,903.38, up by 2.98% compared to the same period last year[8]. - Basic earnings per share were ¥0.0945, an increase of 3.73% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,660,263.84, an increase of 2.58% year-on-year[8]. - The company's operating revenue for the current period reached ¥122,788,903.38, an increase from ¥118,466,856.00 in the previous period, representing a growth of approximately 2.8%[41]. - The net profit for the current period was ¥16,532,215.91, compared to ¥14,555,194.00 in the previous period, indicating a year-over-year increase of about 13.5%[42]. - The total comprehensive income for the current period was ¥15,829,877.33, compared to ¥15,265,208.96 in the previous period, showing a growth of about 3.7%[39]. - The company's operating profit for the current period was ¥19,732,337.59, an increase from ¥16,762,237.14 in the previous period, representing a growth of approximately 17.7%[42]. - The company’s total profit for the current period is ¥52,562,477.76, up from ¥47,178,134.28 in the previous period, which is an increase of approximately 11.0%[50]. - The company’s operating profit for the current period is ¥51,902,977.76, compared to ¥47,186,602.75 in the previous period, reflecting an increase of about 10.0%[50]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,130,518,678.67, an increase of 14.90% compared to the previous year[8]. - The total number of shareholders at the end of the reporting period was 15,390[12]. - The largest shareholder, Wu Liang, holds 32.22% of the shares, totaling 54,000,000 shares, with 4,900,000 shares pledged[12]. - The cash balance at the end of the reporting period increased by 49.22% compared to the end of the previous year, primarily due to new bank loans and increased sales collections[16]. - Other current assets increased by 1330.29% compared to the end of the previous year, mainly due to the recognition of related sales tax amounts as other current assets[16]. - Short-term borrowings increased by 71.43% compared to the end of the previous year, attributed to new bank loans during the reporting period[16]. - The total current liabilities increased significantly, with short-term borrowings reaching RMB 120 million, up from RMB 70 million at the beginning of the period[30]. - Current liabilities totaled CNY 569,910,383.70, up from CNY 454,066,871.29, representing a rise of 25.55%[34]. - Accounts receivable rose to CNY 296,798,160.87, compared to CNY 243,175,948.31, reflecting a year-over-year increase of 22.1%[32]. - Inventory decreased to CNY 356,210,750.65 from CNY 426,815,577.45, showing a decline of 16.5%[32]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥69,193,890.03, representing a significant increase of 78.12%[8]. - The net cash flow from operating activities increased by 78.12% year-on-year, amounting to RMB 69.19 million, driven by higher sales collections[17]. - The cash flow from operating activities for the current period is ¥69,193,890.03, compared to ¥38,846,479.17 in the previous period, reflecting an increase of approximately 78.0%[51]. - The cash flow from financing activities for the current period is ¥30,430,664.80, compared to a negative cash flow of ¥12,000,434.14 in the previous period, indicating a turnaround[52]. - The company reported a net increase in cash and cash equivalents of CNY 96,189,448.95 for the period[57]. - The beginning balance of cash and cash equivalents was CNY 225,737,131.06[57]. Expenses - Financial expenses for the year-to-date amounted to RMB 1.6895 million, a year-on-year increase of RMB 2.2006 million, primarily due to increased loan interest from a significant rise in bank loans[16]. - The company reported an increase in financial expenses to ¥619,986.18 from ¥892,893.99 in the previous period, indicating a reduction of about 30.5%[41]. - The company incurred research and development expenses of ¥10,755,298.76, slightly down from ¥11,157,239.97 in the previous period, indicating a decrease of about 3.6%[49]. - Research and development expenses were CNY 3,873,092.96, down from CNY 4,287,510.66, a decrease of 9.67%[36]. - The total operating costs for the current period were ¥85,630,991.98, down from ¥88,101,434.52 in the previous period, reflecting a decrease of approximately 2.7%[41]. Shareholder Information - The weighted average return on equity was 2.87%, a decrease of 0.24% compared to the previous year[8]. - The company’s total comprehensive income attributable to the parent company was ¥16,532,215.91, compared to ¥14,555,194.00 in the previous period, marking an increase of approximately 13.5%[43].

Financial Performance - Total operating revenue for the first half of 2018 was CNY 222,981,322.53, representing a 9.73% increase compared to CNY 203,209,180.06 in the same period last year [28]. - Net profit attributable to shareholders for the first half of 2018 was CNY 26,527,253.83, a 3.70% increase from CNY 25,580,719.63 year-on-year [28]. - Net cash flow from operating activities increased by 46.65% to CNY 49,890,793.02, compared to CNY 34,020,706.56 in the previous year [28]. - Basic earnings per share decreased by 40.74% to CNY 0.16, down from CNY 0.27 in the same period last year [28]. - Total assets at the end of the reporting period were CNY 1,058,472,664.26, reflecting a 7.58% increase from CNY 983,905,633.92 at the end of the previous year [28]. - Net assets attributable to shareholders increased by 2.79% to CNY 544,607,321.15, compared to CNY 529,811,592.65 at the end of the previous year [28]. - The weighted average return on equity was 4.94%, slightly down from 5.16% in the previous year [28]. - The company reported a non-operating income of 387,826.77 thousand, after accounting for government subsidies of 500,000.00 thousand and tax impacts of 73,734.14 thousand [33]. Market and Industry Risks - The company faces risks from high customer concentration, with major clients including well-known real estate developers and state-owned enterprises, which could lead to significant revenue fluctuations if any major client faces difficulties [12]. - The company acknowledges risks associated with macroeconomic fluctuations and the cyclical nature of the real estate industry, which could lead to significant revenue declines [6]. - The company is exposed to risks from macroeconomic policy changes, particularly those affecting the real estate sector and government infrastructure investments [49]. - The company's revenue from the real estate landscape business is significantly impacted by the cyclical fluctuations in the real estate industry, which poses a risk of substantial revenue decline or losses if the market experiences a downturn [50]. - The company faces risks related to cash flow due to increased working capital demands as it implements a national strategy for business expansion [60]. - The company is exposed to risks from adverse weather and natural disasters that could impact project execution and increase operational costs [60]. - The company faces disadvantages such as a single financing channel, insufficient investment in landscape design and ecological governance, and the need for improved talent acquisition and training [43]. Competition and Innovation - The landscape gardening industry is experiencing intensified competition due to lowered entry barriers, which may affect the company's market position if it fails to innovate [11]. - The company is focused on maintaining its competitive edge through continuous innovation and expansion of operational scale to mitigate risks from market competition [11]. - The integration of ecological and landscape design is becoming a key focus for the future development of the landscaping industry in China [39]. - The company has developed 28 practical new patents and has been recognized as a national high-tech enterprise, contributing to technological innovation in the landscape greening sector [42]. - The company has developed 4 new non-patented technologies, bringing the total to 43, enhancing its competitive edge in ecological landscaping [72]. Government and Regulatory Environment - The company emphasizes the importance of local government investment in municipal public gardens, which is influenced by local government debt levels [9]. - As of May 2018, the total local government debt was reported at 16,627.2 billion CNY, with general debt at 10,452.6 billion CNY and special debt at 6,174.6 billion CNY, which may impact municipal public garden projects [10]. - The company's municipal public landscape business revenue constitutes a high proportion of total revenue, making it vulnerable to local government debt issues and funding constraints for infrastructure projects [52]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities [22]. Strategic Partnerships and Expansion - The company has established long-term partnerships with major real estate developers, including Vanke and Poly Real Estate, enhancing its market position and operational stability [41]. - The company actively expands its operations from Central China to Northwest, East China, and North China, establishing a national competitive presence [68]. - The company has established a comprehensive qualification system and quality management system for landscape greening projects, enhancing its project management capabilities [42]. - The company has established long-term strategic partnerships with various financial institutions to enhance financing capabilities and optimize financial structure [120]. Corporate Governance and Social Responsibility - The company plans to focus on targeted recruitment of college students from impoverished areas as part of its poverty alleviation efforts [23]. - The company has allocated a total of 6.34 million yuan for educational support to impoverished students [145]. - The company continues to focus on social poverty alleviation initiatives as part of its corporate social responsibility strategy [145]. - The actual controllers of the company hold a combined 61.67% of shares, which may influence strategic decisions and pose risks to minority shareholders [111]. Financial Structure and Capital Management - The company completed a capital increase by converting capital reserves into share capital, increasing total shares from 93,107,344 to 167,593,219 [28]. - The company reported a financing balance of 70 million RMB in short-term bank loans, with a financing cost based on the bank's benchmark interest rate [57]. - The company has ongoing projects with a total contract amount of 26.58 million RMB for the Wuhan Jiangxia District underground urban landscape project, with a completed output value of 8.21 million RMB [58]. - The company has not reported any discrepancies between domestic and international accounting standards for net profit and net assets during the reporting period [30].

Financial Performance - Total revenue for Q1 2018 reached ¥81,241,502.93, an increase of 40.63% compared to ¥57,770,988.61 in the same period last year[8] - Net profit attributable to shareholders was ¥4,570,825.83, up 12.58% from ¥4,060,207.10 year-on-year[8] - Basic earnings per share increased to ¥0.0273, reflecting a growth of 12.81% from ¥0.0242[8] - The company's operating revenue for the first quarter reached 81.24 million RMB, a year-on-year increase of 40.63% driven by the growth in landscaping business[27] - Net profit attributable to shareholders was 4.57 million RMB, reflecting a year-on-year growth of 12.58%[27] - The gross profit margin for the first quarter was approximately 5.5%, down from the previous period[58] - The total comprehensive income for the first quarter amounted to CNY 4,767,121.41, slightly down from CNY 4,767,901.92 in the previous period[63] Cash Flow and Liquidity - Net cash flow from operating activities surged by 168.56% to ¥58,486,549.53, compared to ¥21,777,579.70 in the previous year[8] - Cash received from sales activities increased by 71.02% year-on-year, totaling 190 million RMB, due to enhanced collection efforts on accounts receivable[26] - The company's cash and cash equivalents increased by 158.91% year-on-year, attributed to improved cash collection from sales activities[26] - Operating cash inflows totaled CNY 202,161,966.26, a significant increase of 52.7% compared to CNY 132,280,361.90 in the prior period[66] - The net cash flow from operating activities was CNY 58,486,549.53, up from CNY 21,777,579.70, representing a growth of 168.5%[66] - Cash outflows from operating activities were CNY 143,675,416.73, compared to CNY 110,502,782.20 in the previous period[66] - The ending balance of cash and cash equivalents was CNY 281,584,543.97, down from CNY 291,713,497.26 at the end of the previous period[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥996,537,695.04, a slight increase of 1.28% from ¥983,905,633.92 at the end of the previous year[8] - The company's equity attributable to shareholders decreased to ¥521,543,058.05 from ¥529,811,592.65, a decline of about 1.6%[53] - Total liabilities increased to ¥474,994,636.99 from ¥454,094,041.27, an increase of approximately 4.6%[52] - Accounts receivable decreased to ¥189,512,681.82 from ¥238,220,600.83, a decline of about 20.4%[50] - Inventory decreased to ¥398,087,878.02 from ¥426,815,577.45, reflecting a reduction of approximately 6.7%[50] Risks and Challenges - The company faces risks from macroeconomic policy changes, particularly in the real estate sector, which significantly impacts its revenue[12] - The landscape gardening business is heavily reliant on the real estate market, making it vulnerable to cyclical fluctuations[13] - Increased competition in the landscape gardening industry may affect the company's market position if it fails to innovate and enhance its core competencies[14] - The company's revenue from China State Construction has exceeded 50%, indicating a high dependency on major clients, which poses a risk to operational performance if their financial situation deteriorates[15] - The company has experienced a continuous increase in inventory due to the growing scale of landscape engineering projects, which may lead to delays in cash flow if settlements are not timely[16] - Rising costs of materials and labor due to inflation and market demand fluctuations could significantly impact the company's operating costs and profitability[17] - The scale of accounts receivable remains high, increasing the risk of bad debts if major clients fail to make timely payments[18] - The company faces risks related to potential litigation due to the nature of its engineering projects, which could adversely affect its operations if significant lawsuits arise[19] - Adverse weather conditions and natural disasters could disrupt outdoor projects, leading to increased costs and operational challenges[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,347, with the top ten shareholders holding significant stakes[21] - Wu Liang, the largest shareholder, holds 32.22% of the shares, amounting to 54 million shares, with 4 million shares pledged[21] - The company proposed a cash dividend of 0.7 RMB per 10 shares, totaling 11.73 million RMB, which was implemented on April 3, 2018[32] - The company maintains good communication with shareholders, ensuring their rights and interests are protected[43] Project and Fund Management - The company signed significant contracts, including a landscaping project with a contract value of 138 million RMB, which has generated some revenue during the reporting period[28] - The company submitted an application for approval to issue convertible bonds to the China Securities Regulatory Commission on February 9, 2018, and received acceptance on February 22, 2018[34] - The total amount of raised funds was 210.89 million RMB, with 1.78 million RMB invested in the current quarter[39] - The cumulative amount of raised funds used was 152.39 million RMB, with a cumulative change in purpose amounting to 59.89 million RMB, representing 28.40% of the total raised funds[39] - The company has terminated the implementation of the "Nursery Base Project" and redirected 59.89 million RMB of raised funds to the "Five City Landscape Greening Project"[40] - The investment progress for the "Five City Landscape Greening Project" was reported at 70.78% as of the end of the reporting period[39] - The company has not encountered any major changes in project feasibility or issues with the use of raised funds[40] - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[37] - As of March 31, 2018, the company's cash and cash equivalents increased to ¥362,640,733.94 from ¥272,573,362.30, representing a growth of approximately 33.1%[50] Operational Efficiency - Financial expenses surged by 199.10% compared to the previous year, primarily due to increased loan interest payments and factoring fees[25] - The company reported a significant increase in accounts payable, which rose to CNY 61,552,358.25 from CNY 169,142,261.22[56] - The management expenses for the quarter were CNY 14,785,412.83, compared to CNY 11,286,360.52 in the previous period, reflecting an increase of approximately 31.5%[59] - The company has reduced its accounts payable by 63.28% compared to the end of the previous year, indicating proactive cash management strategies[25]

Financial Performance - The company's operating revenue for 2017 was ¥424,654,983.65, representing an increase of 11.50% compared to ¥380,852,522.37 in 2016[26]. - The net profit attributable to shareholders for 2017 was ¥51,890,359.70, a slight increase of 1.90% from ¥50,921,911.38 in 2016[26]. - The net cash flow from operating activities for 2017 was -¥129,826,757.11, a significant decrease of 1,437.76% compared to ¥9,704,791.23 in 2016[26]. - The total assets at the end of 2017 amounted to ¥983,905,633.92, reflecting a growth of 24.93% from ¥787,559,532.06 at the end of 2016[26]. - The net assets attributable to shareholders increased by 8.53% to ¥529,811,592.65 at the end of 2017, up from ¥488,163,040.79 at the end of 2016[26]. - The basic earnings per share for 2017 was ¥0.31, down 16.22% from ¥0.37 in 2016[26]. - The company reported a total of ¥673,325.78 in non-recurring gains and losses for 2017, compared to ¥2,924,897.15 in 2016[32]. - The company experienced a decline in the weighted average return on net assets to 10.21% in 2017 from 15.19% in 2016[26]. - The company achieved operating revenue of CNY 424.65 million in 2017, representing an increase of 11.50% compared to the previous year[70]. - The net profit attributable to shareholders of the parent company was CNY 51.89 million, up 1.90% year-on-year, with a net profit growth of 6.71% after deducting non-recurring gains and losses[70]. Revenue Sources - The company's landscape gardening business revenue is a significant source of its total operating income, with a high proportion of sales revenue derived from the real estate sector[7]. - The municipal public landscaping business also constitutes a large portion of the company's operating income, indicating potential risks related to local government debt and infrastructure funding[9]. - The revenue from landscape engineering accounted for 98.67% of total revenue, amounting to CNY 419.02 million, with a year-on-year growth of 10.67%[75]. - The municipal public landscaping segment saw a significant increase in revenue by 24.84%, contributing CNY 235.22 million[75]. - The revenue from the real estate landscape gardening segment was ¥189,437,774.77, with a slight decrease of 1.56% year-on-year[78]. - The revenue from the Central region was ¥152,917,861.74, showing a decline of 41.91% compared to the previous year[79]. - The company has seen a remarkable increase in revenue from other regions, which surged by 222.38% year-on-year, totaling ¥242,582,342.93[78]. Risks and Challenges - The company faces risks from rising costs of materials essential for landscaping projects, which could impact operating performance if not compensated by clients[11]. - The company acknowledges the cyclical risks associated with the real estate industry, which could lead to significant fluctuations in operating performance if the market experiences downturns[7]. - The landscaping market is highly competitive, and the company must continue to innovate and enhance its core competitiveness to avoid performance declines[10]. - The company is exposed to risks from adverse weather conditions and natural disasters, which could disrupt project execution and increase operational costs[13]. - The company faces challenges such as a single financing channel and the urgent need for talent acquisition and training[42]. - The company has faced risks related to the loss of professional talent and insufficient reserves, which could adversely affect its operational management and future strategic development[50]. - The company is at risk of increased costs for landscaping materials due to inflation and market supply-demand changes, which could negatively affect its operating performance[51]. Profit Distribution - The company has proposed a profit distribution plan, offering a cash dividend of 0.70 RMB per 10 shares to all shareholders, based on a total of 167,593,219 shares[13]. - The cash dividend represents 100% of the distributable profit, which amounts to 203,267,672.41 RMB[148]. - The cash dividend payout ratio for 2017 is 22.61% of the net profit attributable to ordinary shareholders, which is 51,890,359.70 RMB[151]. - The company plans to distribute at least 20% of its distributable profits as cash dividends due to significant capital expenditure requirements[137]. - The board will adjust the ratio of cash and stock dividends based on the company's development stage and significant capital expenditure arrangements[137]. - The company has maintained a consistent cash dividend policy, with a minimum payout ratio of 20% during its growth phase[148]. Market Trends and Opportunities - The landscaping industry has shown steady growth over the past 20 years, driven by urbanization and government investment in environmental infrastructure[35]. - The demand for urban landscaping has shifted towards enhancing ecological functions, biodiversity protection, and sustainable urban development[35]. - The government has increased investment in ecological restoration and environmental governance, leading to a rise in industry prosperity[36]. - The creation of "National Garden Cities" and "National Ecological Garden Cities" has become a key focus for local governments, leading to increased investment in urban landscaping[38]. - The PPP model is being actively promoted by the government, providing new opportunities for the landscaping industry[39]. - The construction of characteristic towns is expected to create new development opportunities for the landscaping industry, with a goal of cultivating around 1,000 unique towns by 2020[39]. - The company recognizes the growing demand for urban landscaping as an essential part of city construction, which is expected to accelerate industry demand[126]. Strategic Initiatives - The company has established long-term partnerships with leading real estate developers, laying a solid foundation for future growth in the landscape gardening market[41]. - The company has implemented a sales model that includes both public bidding and invited bidding to secure landscaping contracts[46]. - The company’s procurement strategy combines centralized purchasing and local sourcing to optimize project costs and efficiency[47]. - The company has developed 23 utility model patents, with 6 new patents added during the reporting period, enhancing its technological competitiveness[65]. - The company has established a new branch in Guangxi in January 2017 and set up two wholly-owned subsidiaries in September and November 2017[70]. - The company plans to actively expand its PPP project portfolio, particularly in municipal comprehensive projects, to ensure rapid growth in performance[128]. Compliance and Governance - The company has a strong commitment to ensuring the accuracy and completeness of its financial reporting, as stated by its management team[5]. - The company has a robust risk management framework in place, ensuring sustainable development and resilience against market fluctuations[42]. - The company emphasizes the importance of compliance with public commitments made during its initial public offering[190]. - The company will ensure that related transactions do not affect its operational independence and performance stability[164]. - The company will provide an online voting platform for shareholders to participate in the decision-making process regarding profit distribution[140]. - Independent directors must express their opinions on the profit distribution plan and ensure that minority shareholders' rights are protected[143].