武汉农尚环境股份有限公司 2020 年第三季度报告全文 武汉农尚环境股份有限公司 2020 年第三季度报告 2020-086 2020 年 10 月 1 武汉农尚环境股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证季度报告中财务报表的真实、准确、完整。 2 武汉农尚环境股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------------|-------------------------|------------- ...

武汉农尚环境股份有限公司 2020 年半年度报告全文 武汉农尚环境股份有限公司 2020 年半年度报告 2020-070 2020 年 08 月 1 武汉农尚环境股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 一、新冠病毒肺炎疫情及汛期对公司经营业绩不利影响风险 2020 年 1 月，新型冠状肺炎在全国流行，公司总部地处本次疫情中心区域， 受新型冠状病毒肺炎疫情的影响较为明显。根据政府疫情防控要求，公司生产 经营正在逐步恢复之中，预计本次疫情可能对公司业务产生较大不利影响。中 央及各级政府要求要统筹做好疫情防控和经济社会发展，积极推动企业复工复 产，保持经济平稳运行，因而随着对疫情的有效防控以及各专项政策的出台， 疫情影响有望逐渐消退，公司已经积极采取一切可能 ...

武汉农尚环境股份有限公司 2020 年第一季度报告全文 武汉农尚环境股份有限公司 2020 年第一季度报告 2020-033 2020 年 04 月 1 武汉农尚环境股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证季度报告中财务报表的真实、准确、完整。 2 武汉农尚环境股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 ...

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].

武汉农尚环境股份有限公司 2019 年第三季度报告全文 武汉农尚环境股份有限公司 2019 年第三季度报告 2019-077 2019 年 10 月 1 武汉农尚环境股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证季度报告中财务报表的真实、准确、完整。 2 武汉农尚环境股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------------|-------------------------|------------- ...

武汉农尚环境股份有限公司 2019 年半年度报告全文 武汉农尚环境股份有限公司 2019 年半年度报告 2019-058 2019 年 08 月 1 武汉农尚环境股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 一、国家宏观经济政策变动的风险 公司所处园林绿化行业，行业的景气度主要取决于下游房地产行业以及政 府基础设施建设等固定资产投资状况。国家关于基础设施投资、财政、信贷及 房地产行业等宏观调控政策措施的调整变化，均对公司的生产经营构成较大的 影响。 目前，中国经济已由高速增长阶段转向高质量发展阶段，经济结构不断优 | --- | |---------------------------------------------------------------- ...

武汉农尚环境股份有限公司 2019 年第一季度报告全文 武汉农尚环境股份有限公司 2019 年第一季度报告 2019-035 2019 年 04 月 1 武汉农尚环境股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证季度报告中财务报表的真实、准确、完整。 2 武汉农尚环境股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 ...

武汉农尚环境股份有限公司 2018 年年度报告全文 武汉农尚环境股份有限公司 2018 年年度报告 2019-020 2019 年 03 月 1 武汉农尚环境股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人吴亮、主管会计工作负责人白刚及会计机构负责人(会计主管人 员)柯春红声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 一、国家宏观经济政策变动的风险 公司所处园林绿化行业，行业的景气度主要取决于下游房地产行业以及政 府基础设施建设等固定资产投资状况。国家关于基础设施投资、财政、信贷及 房地产行业等宏观调控政策措施的调整变化，均对公司的生产经营构成较大的 影响。 目前，中国经济呈现出新常态，从高速增长转为中高速增长；经济结构不 | --- | |----------------------------------------------------------------------- ...

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].