证券代码：300649 证券简称：杭州园林 公告编号：2022-016 杭州园林设计院股份有限公司 2022 年第三季度报告 杭州园林设计院股份有限公司 2022 年第三季度报告 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 1 杭州园林设计院股份有限公司 2022 年第三季度报告 一、主要财务数据 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： （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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 145,068,557.05 | 5.94% | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥367,644,718.51, representing a 10.86% increase compared to ¥331,622,445.75 in the same period last year[29]. - The net profit attributable to shareholders for the first half of 2022 was ¥30,897,497.12, up 4.71% from ¥29,508,947.77 in the previous year[29]. - The company's operating costs increased by 14.29%, amounting to ¥301,835,014.36, up from ¥264,101,457.78 in the previous year[55]. - The company's basic earnings per share of ¥0.23, unchanged from the previous year[29]. - The total profit for the first half of 2022 was CNY 34,679,500.28, compared to CNY 33,049,119.85 in the same period last year, reflecting an increase of 4.9%[142]. - The total comprehensive income for the first half of 2022 was CNY 30,897,497.12, up from CNY 29,508,947.77 in the same period of 2021, indicating a growth of 4.7%[143]. - The company reported a significant decline in cash flow from operating activities, with a net cash outflow of ¥27,242,557.22, compared to a cash outflow of ¥6,983,081.85 in the previous year, marking a 290.12% decrease[56]. - The net cash flow from investment activities was -¥54,872,455.17, a drastic increase in outflow of 2,435.69% compared to -¥2,164,002.45 in the previous year[56]. Assets and Liabilities - As of June 30, 2022, the company's accounts receivable amounted to 209.92 million yuan, accounting for 15.92% of total assets[6]. - The company's contract assets were valued at 645.70 million yuan, representing 48.97% of total assets at the end of the reporting period[6]. - The total assets at the end of the reporting period were ¥1,318,427,096.38, down 6.54% from ¥1,410,723,654.43 at the end of the previous year[29]. - The net assets attributable to shareholders increased by 4.32% to ¥553,876,583.68 from ¥530,924,083.10 at the end of the previous year[29]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥161,022,708.86, representing 12.21% of total assets, a decrease of 5.51% compared to the previous year[60]. - Accounts payable stood at CNY 700,285,859.15, down from CNY 798,586,118.87, representing a decrease of 12.29%[138]. - The company's cash and cash equivalents decreased from 250,036,008.70 yuan at the beginning of the year to 161,022,708.86 yuan by June 30, 2022[133]. Business Strategy and Expansion - The company plans to expand its business by leveraging its design capabilities and experience, aiming to enhance project implementation and management levels[8]. - The company is actively pursuing new business opportunities in the engineering contracting sector while maintaining its core design business[8]. - The company has expanded its business model from landscape planning and design to include engineering procurement construction (EPC) services, enhancing its competitive edge[36]. - The successful implementation of the Boao Forum project has laid the foundation for the company's expansion into engineering general contracting business[38]. - The company aims to enhance its project management capabilities by integrating design, procurement, and construction processes under the EPC model[42]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[164]. Risks and Challenges - The company faces risks related to asset impairment, particularly due to the long project cycles and complex settlement processes with government clients[7]. - The company acknowledges the risk of increased competition in the landscape architecture industry, which may affect its market share and profitability[10]. - The company is exposed to macroeconomic risks, including potential downturns in the Chinese economy that could impact its profitability and growth[5]. - There is a risk of asset impairment, particularly concerning accounts receivable and contract assets, due to potential delays in project settlements and collections[73]. - The competitive landscape in the landscaping industry is intensifying, which could impact the company's market share and profitability[77]. Shareholder and Governance - The company does not plan to distribute cash dividends, issue bonus shares, or increase capital from reserves[13]. - There were no changes in the board of directors, supervisors, or senior management during the reporting period[84]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[94]. - The company has not experienced any major litigation or arbitration matters during the reporting period[99]. - The total number of common shareholders at the end of the reporting period is 19,654[120]. - The largest shareholder, Yunnan Garden Exhibition Enterprise Management Co., Ltd., holds 8.70% of shares, totaling 11,520,000 shares[120]. Awards and Recognition - The company has received numerous awards for its design work, including the prestigious "Chairman's Award" from the International Federation of Landscape Architects[47]. - The company has been recognized for its contributions to the successful application for UNESCO World Heritage status for the West Lake cultural landscape[47]. - The company has received over 100 national and provincial awards for its design projects, showcasing its quality advantage in the industry[49]. Financial Reporting and Compliance - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[177]. - The company operates in the landscape architecture industry, with specific accounting policies tailored to its operational characteristics[176]. - The company has implemented a unified accounting policy for preparing consolidated financial statements, ensuring consistency across all subsidiaries[183].

Financial Performance - The company's operating revenue for Q1 2022 was ¥166,147,672.17, a slight decrease of 0.03% compared to ¥166,194,914.60 in the same period last year[3] - Net profit attributable to shareholders increased by 9.73% to ¥22,755,448.93 from ¥20,737,428.67 year-on-year[3] - The net profit after deducting non-recurring gains and losses rose by 14.14% to ¥19,690,605.97 compared to ¥17,251,589.13 in the previous year[3] - Operating profit increased to CNY 26,287,690.61, up from CNY 23,613,782.15, reflecting a growth of 11.3%[19] - Net profit for the quarter was CNY 22,755,448.93, compared to CNY 20,737,428.67 in the same period last year, marking an increase of 9.7%[19] - The total comprehensive income for Q1 2022 was ¥22,755,448.93, compared to ¥20,737,428.67 in Q1 2021, reflecting an increase of about 9.8%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥78,130,606.49, a decline of 150.95% from -¥31,133,970.98 in the same period last year[3] - Cash inflow from operating activities totaled ¥251,050,808.71 in Q1 2022, down from ¥351,669,729.59 in Q1 2021, reflecting a decrease of about 28.7%[22] - The net cash flow from operating activities was -¥78,130,606.49 for Q1 2022, compared to -¥31,133,970.98 in Q1 2021, indicating a worsening of approximately 151.1%[22] - Cash outflow from investing activities was ¥18,171,783.98 in Q1 2022, significantly higher than ¥156,517.22 in Q1 2021, marking an increase of approximately 11,500%[23] - The net cash flow from financing activities was -¥550,406.81 in Q1 2022, compared to -¥158,415.84 in Q1 2021, showing an increase in outflow of about 276.5%[23] - The ending cash and cash equivalents balance for Q1 2022 was ¥147,845,919.78, a decrease from ¥46,075,237.57 in Q1 2021, representing a decline of approximately 220.5%[23] - Cash and cash equivalents decreased to CNY 154,046,017.44 from CNY 250,036,008.70, a decline of 38.4%[15] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,316,642,984.34, down 6.67% from ¥1,410,723,654.43 at the end of the previous year[3] - Total assets decreased to CNY 1,316,642,984.34 from CNY 1,410,723,654.43, a decline of 6.6%[16] - Total liabilities decreased to CNY 762,963,452.31 from CNY 879,799,571.33, a reduction of 12.5%[16] - The company reported a significant decrease in employee compensation liabilities, down to CNY 3,550,074.74 from CNY 35,181,936.64[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,491[9] - The top shareholder, Yunnan Garden Exhibition Management Co., Ltd., held 8.70% of the shares, totaling 11,520,000 shares[9] Investments - The company made a long-term equity investment of ¥45 million in Hangzhou Wanlin Shuchain Technology Service Co., increasing its stake from 10% to 40%[7][11] - The company has invested CNY 75,494,955.00 in long-term equity investments, up from CNY 30,844,904.04, indicating a strategic focus on long-term growth[15] Return Metrics - The weighted average return on net assets decreased to 4.20% from 4.54% year-on-year[3] - Basic and diluted earnings per share for Q1 2022 were both ¥0.172, up from ¥0.162 in Q1 2021, indicating a year-over-year increase of 6.2%[20] Audit Information - The company did not conduct an audit for the Q1 2022 report[24] Operational Challenges - The cash flow from operating activities showed a significant decline, indicating potential challenges in revenue generation or increased operational costs[22]

Financial Performance - The company's operating revenue for 2021 was ¥748,523,310.21, a decrease of 7.17% compared to ¥806,344,385.74 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥32,664,929.29, down 35.06% from ¥50,303,818.01 in 2020[26]. - The basic earnings per share for 2021 was ¥0.25, a decrease of 35.90% from ¥0.39 in 2020[26]. - The weighted average return on equity for 2021 was 6.83%, down from 11.77% in 2020, indicating a decline of 4.94%[26]. - The company reported a net profit of ¥-3,557,407.26 in Q4 2021, contrasting with profits in the first three quarters[28]. - The total assets at the end of 2021 were ¥1,410,723,654.43, reflecting a growth of 10.59% from ¥1,275,656,938.58 at the end of 2020[26]. - The net assets attributable to shareholders increased by 18.84% to ¥530,924,083.10 at the end of 2021, compared to ¥446,767,448.53 at the end of 2020[26]. - The company achieved operating revenue of ¥748,523,310.21, a decrease of 7.17% compared to the previous year[52]. - The net profit attributable to shareholders was ¥32,664,929.29, down 35.06% year-on-year, primarily due to pandemic-related project delays and bad debt provisions[52]. Cash Flow and Investments - The net cash flow from operating activities increased by 131.94% to ¥120,199,236.95 in 2021, compared to ¥51,823,835.26 in 2020[26]. - Operating cash inflow increased by 45.99% to ¥845,297,891.20 in 2021, while cash outflow rose by 37.54% to ¥725,098,654.25[75]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥167,175,075.45, a rise of 1,197.01% compared to the previous year[75]. - The company raised ¥67 million through a private placement of 4,416,609 shares to strengthen its working capital[56]. - The company issued 4,416,609 new shares, leading to a 428.31% increase in cash inflow from financing activities to ¥62,754,675.51[76]. - The company has invested RMB 6,184.66 million in working capital, achieving 100.23% of the planned investment[90]. Business Strategy and Market Position - The company is focusing on expanding its business into the upstream and downstream of the industry chain, leveraging its design capabilities[7]. - The company has established a dual-driven strategy focusing on landscape design and ecological environment business, enhancing its market position in the industry[39]. - The company is expanding its business from landscape planning and design services to integrated design and construction services, receiving positive industry feedback[96]. - The company plans to gradually establish design branches across various regions in China to further expand its market presence[96]. - The company aims to enhance its core competitiveness by expanding its design and general contracting business nationwide, while exploring the "EPC+O" business model for long-term development[97]. - The company plans to invest more resources in ecological environment-related businesses to contribute to national ecological goals[54]. Risks and Challenges - The company acknowledges risks related to asset impairment due to the long project cycles and complex approval processes associated with government clients[6]. - The company faces increased competition in the landscape architecture industry, which may impact its market share and profitability[9]. - The company is aware of the potential risks from macroeconomic fluctuations that could adversely affect its profitability and growth[4]. - Key risks identified include operational performance decline, accounts receivable risk, macroeconomic fluctuations, and market competition, with measures such as increased R&D investment and improved internal controls to mitigate these risks[157]. Research and Development - R&D expenses decreased by 16.08% to CNY 25,528,455.42 compared to the previous year[71]. - The company has completed research on urban flood control areas, focusing on ecological restoration techniques for semi-closed water bodies, enhancing its technical strength in water ecology restoration[72]. - The company has developed a new method for preventing sand loss in artificial beaches under non-constant water level conditions, with a patent application submitted[72]. - The number of R&D personnel increased by 2.17% from 46 in 2020 to 47 in 2021, indicating a focus on enhancing research capabilities[73]. - The company's R&D investment amounted to ¥25,528,455.42 in 2021, representing 3.41% of operating revenue, a decrease from 3.77% in 2020[74]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation from its controlling shareholders[101]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[102]. - The company has maintained a stable leadership team, with key positions held by experienced professionals in the industry[110]. - The company has committed to enhancing its corporate governance practices, ensuring compliance with regulatory standards[122]. Shareholder Relations and Profit Distribution - The company has a cash dividend policy ensuring that at least 20% of the distributable profits are distributed as cash dividends in profitable years[136]. - The company plans to distribute a cash dividend of RMB 0.60 per 10 shares, totaling RMB 7,944,996.54, which represents 100% of the profit distribution for the reporting period[141]. - The total distributable profit for the company is RMB 32,664,929.29, indicating a strong profit position[141]. - The company emphasizes communication with minority shareholders regarding profit distribution policies and decisions[139]. - The company has implemented a profit distribution policy, ensuring that at least 20% of the distributable profits will be distributed in cash dividends each year, provided that the company is profitable and has positive retained earnings[159]. Major Projects and Achievements - The company has been recognized for its design capabilities, having won over 100 awards, including prestigious international accolades, which bolsters its brand reputation[37]. - The company is actively involved in major projects such as the Boao Asia Forum and has successfully expanded its EPC business through various ecological restoration projects[40]. - The company has successfully implemented several major projects, including the Yellow Sea Wetland Museum and the Asian Games New District environmental improvement project[96]. - The company has a strong foothold in the landscape design sector, leveraging its experience from landmark projects like the West Lake Scenic Area protection project[39]. Customer and Supplier Relations - The total sales amount from the top five customers reached CNY 419,229,779.28, accounting for 56.13% of the annual total sales[68]. - The total procurement amount from the top five suppliers was CNY 359,378,945.09, representing 59.09% of the annual total procurement[69]. - The company focuses on maintaining close relationships with clients, which helps secure repeat business opportunities[47]. Legal and Compliance Matters - The company has not faced any penalties or rectification issues during the reporting period[168]. - There were no significant related party transactions during the reporting period[169]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[163].

Financial Performance - The company's revenue for Q3 2021 was ¥136,929,008.27, a decrease of 23.65% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥6,713,388.78, down 10.86% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,416,617.97, a decline of 30.50% compared to the previous year[3] - Total operating revenue for the third quarter of 2021 was CNY 468,551,454.02, a slight increase of 0.18% compared to CNY 463,708,298.81 in the same period last year[20] - Total operating costs increased to CNY 427,660,713.48, up 2.4% from CNY 419,261,324.40 year-over-year[20] - Net profit for the third quarter was CNY 36,222,336.55, representing a 2.1% increase from CNY 35,466,476.94 in the previous year[22] - The total comprehensive income for the period was CNY 36,222,336.55, reflecting a 2.1% increase compared to CNY 35,466,476.94 in the same period last year[23] Cash Flow and Assets - The operating cash flow for the year-to-date period was -¥10,356,599.35, showing a significant improvement of 77.50% compared to the previous year[3] - Cash and cash equivalents increased by 45.51% compared to the beginning of the year, primarily due to timely sales collections and fundraising from issuing shares[7] - Cash and cash equivalents increased to CNY 116,232,939.83, up from CNY 31,219,485.53 year-over-year[26] - Cash and cash equivalents at the beginning of the period were CNY 77,523,641.61, compared to CNY 64,634,406.34 in the previous year[26] - The company's total assets amounted to CNY 1,240,481,234.25, a decrease from CNY 1,275,656,938.58 at the end of the previous period[20] - Total assets at the end of the reporting period were ¥1,240,481,234.25, a decrease of 2.76% from the end of the previous year[4] Equity and Liabilities - The company's equity attributable to shareholders increased by 19.63% to ¥534,457,047.20 compared to the previous year[4] - The company's total liabilities decreased to RMB 706,024,187.05 from RMB 828,889,490.05, representing a reduction of approximately 15.0%[19] - The company's equity increased to RMB 132,416,609.00 from RMB 128,000,000.00, showing a growth of about 3.0%[19] Investments and Expenses - The net cash flow from investing activities increased by 79.64% compared to the previous year, attributed to last year's long-term equity investments[7] - Research and development expenses were CNY 18,978,182.81, down 11.4% from CNY 21,525,766.94 year-over-year[20] - The company recorded an investment loss of CNY -306,647.74, an improvement from CNY -1,399,391.56 in the previous year[22] Legal Matters - The company is involved in arbitration regarding the termination of a contract related to the Huizhou Tonghu Ecological Smart Zone Wetland Park project, with hearings already conducted[14] - The company has initiated a counterclaim against Shandong Zhicheng Agricultural Development Co., Ltd. for unpaid design fees, with court hearings already held[15] Share Issuance and Management - The company issued 4,416,609 shares at a price of RMB 15.17 per share, raising a total of RMB 66,999,958.53, with a net amount of RMB 61,707,262.12 after deducting issuance costs[14] - The company plans to lift the lock-up period for certain shares on March 6, 2023, as part of its capital management strategy[13] Other Information - The company has no other non-recurring gains and losses beyond those reported[6] - The company did not need to adjust the beginning balance sheet items due to the new leasing standards, as the rental contracts qualify for short-term and low-value asset leasing[27] - The third quarter report was not audited[28]

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 331,622,445.75, representing a 16.61% increase compared to RMB 284,374,435.21 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was RMB 29,508,947.77, up 5.63% from RMB 27,935,427.91 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was RMB 25,766,824.27, reflecting a 2.27% increase from RMB 25,194,834.09 in the previous year[27]. - The net cash flow from operating activities improved significantly to RMB -6,983,081.85, a 89.42% increase compared to RMB -66,004,864.52 in the same period last year[27]. - The total assets at the end of the reporting period were RMB 1,107,038,462.19, a decrease of 13.22% from RMB 1,275,656,938.58 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company increased to RMB 466,036,396.3, up 4.31% from RMB 446,767,448.53 at the end of the previous year[27]. - Basic earnings per share rose to RMB 0.23, a 4.55% increase from RMB 0.22 in the same period last year[27]. - The weighted average return on net assets was 6.48%, slightly down from 6.71% in the previous year[27]. - The company's operating costs increased by 22.72%, reaching ¥264,101,457.78, up from ¥215,206,220.69 in the previous year[53]. - The company reported a gross profit margin of approximately 10.4% for the first half of 2021, compared to 11.5% in the same period of 2020[142]. Assets and Liabilities - As of June 30, 2021, accounts receivable amounted to CNY 234.06 million, accounting for 21.14% of total assets[5]. - Contract assets were valued at CNY 564.10 million, representing 50.96% of total assets at the end of the reporting period[5]. - The total liabilities decreased to CNY 641,002,065.89 from CNY 828,889,490.05, reflecting a reduction of about 23%[136]. - The company's cash and cash equivalents were CNY 64,496,703.38, down from CNY 85,726,092.55, representing a decline of approximately 25%[134]. - The contract liabilities surged to CNY 1,088,395.92 from CNY 164,799.56, marking a significant increase of over 560%[136]. - The company reported a decrease in accounts payable from CNY 764,192,751.31 to CNY 607,311,300.44, a reduction of about 20%[136]. Business Strategy and Development - The company plans to expand its business model by integrating design and ecological environment services, aiming for a dual-driven development strategy[8]. - The company aims to leverage its design advantages to expand from landscape design to EPC services, enhancing its market competitiveness[45]. - The successful implementation of the Boao Asian Forum project has laid a foundation for expanding the EPC business, with subsequent projects including ecological restoration in Nanchang and various landscape construction projects[36]. - The company has established a dual structure with an ecological environment group and a design group to enhance its operational efficiency in both landscape design and EPC services[45]. - The company is expanding its business model to include engineering general contracting, leveraging its design expertise to enhance competitiveness[77]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations that could impact its profitability and growth potential[4]. - The competitive landscape in the landscape architecture industry is intensifying, which may affect the company's market share and profitability[9]. - The company is exposed to risks associated with the management of its expanding operations and diverse business types[10]. - The stock price may experience significant volatility due to various external factors, even with stable operational performance[11]. - The complexity of its organizational structure poses challenges in risk management as the business expands[79]. Shareholder and Dividend Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[12]. - The annual shareholders' meeting had a participation rate of 61.50% on May 13, 2021[83]. - The company distributed dividends totaling 10,240,000.00 CNY during the reporting period[158]. Awards and Recognition - The company has received numerous awards for its design excellence, including the International Federation of Landscape Architects' "Chairman's Award" and over a hundred other design awards[45]. - The company has a strong reputation in the industry, being a vice president unit of the Landscape and Landscape Design Branch of the China Survey and Design Association[45]. Research and Development - The company invested ¥12,956,882.22 in research and development, a slight increase of 0.88% from the previous year[54]. - Research and development expenses for the first half of 2021 were CNY 12,956,882.22, slightly up from CNY 12,843,590.12 in the previous year[142]. Financial Reporting and Compliance - The financial report for the first half of 2021 was not audited[132]. - The financial statements are prepared based on the going concern assumption, indicating the company has the ability to continue operations for at least 12 months from the reporting date[180]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports accurately reflect its financial position and performance[182].

杭州园林设计院股份有限公司 2021 年第一季度报告全文 杭州园林设计院股份有限公司 2021 年第一季度报告 2021-010 2021 年 04 月 1 杭州园林设计院股份有限公司 2021 年第一季度报告全文 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。 第一节 重要提示 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吕明华、主管会计工作负责人邵如建及会计机构负责人(会计主 管人员)杨晨杰声明：保证季度报告中财务报表的真实、准确、完整。 2 杭州园林设计院股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 166,194,914.60 | 119,654,533.51 | 38.90% | | 归属于上市公司股东的净利润（元） | 20,737,428 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥806.34 million, a decrease of 2.62% compared to ¥828.01 million in 2019[22]. - The net profit attributable to shareholders for 2020 was approximately ¥50.30 million, down 24.59% from ¥66.71 million in 2019[22]. - The net cash flow from operating activities increased by 110.81% to approximately ¥51.82 million in 2020, compared to ¥24.58 million in 2019[22]. - The total assets at the end of 2020 reached approximately ¥1.28 billion, an increase of 30.65% from ¥976.38 million at the end of 2019[22]. - The company reported a basic earnings per share of ¥0.39 for 2020, a decrease of 25.00% from ¥0.52 in 2019[22]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was approximately ¥48.89 million in 2020, down 24.91% from ¥65.11 million in 2019[22]. - The weighted average return on net assets for 2020 was 11.77%, down from 17.47% in 2019, indicating a decline in profitability[22]. - The total revenue from landscaping design business was CNY 148,512,373.39, a decrease of 17.74% compared to the previous year[55]. - The engineering contracting business generated CNY 656,071,284.19, representing an increase of 1.37% year-on-year[55]. - The company achieved operating revenue of ¥806,344,385.74, a slight decrease of 2.62% compared to the previous year[49]. Dividend Policy - The company plans to distribute a cash dividend of 0.8 yuan per 10 shares, based on a total of 128 million shares[10]. - The cash dividend represents 20.36% of the total distributable profit of RMB 50,303,818.01 for the year[99]. - The company has maintained a consistent dividend distribution policy over the past three years, with cash dividends of RMB 12,800,000, RMB 13,440,000, and RMB 10,240,000 for 2018, 2019, and 2020 respectively[97]. - The cash dividend payout ratio for 2019 was 20.15%, while for 2018 it was 24.46%[99]. - The company is in a growth phase and aims to maintain a minimum cash dividend ratio of 20% during profit distributions[96]. Business Strategy and Expansion - The company is focusing on expanding its business into the upstream and downstream of the industry chain, leveraging its design capabilities[7]. - The company has expanded its business model to include both design services and engineering procurement construction (EPC) services, enhancing its strategic positioning in the landscape architecture industry[30]. - The company has successfully expanded its business from landscape planning and design services to integrated engineering contracting, completing several notable projects such as the Liangzhu Heritage Park infrastructure project and the environmental governance project in Huai Bei City[86]. - The company plans to continue focusing on providing comprehensive landscape design solutions, optimizing its market structure, and expanding its regional presence by establishing design branches across the country[87]. - The company is exploring the "EPC+O (Operation)" business model to enhance its project planning, design, and operational capabilities, aiming to strengthen its competitiveness and risk resistance[87]. Risk Management - The company faces risks from intensified market competition, with many firms competing for market share in the landscape architecture industry[8]. - The company acknowledges potential risks related to economic downturns affecting its profitability and growth prospects[4]. - The company is actively managing project risks to ensure the timely collection of receivables from government clients[5]. - The main risks faced by the company include operational performance decline, accounts receivable risk, macroeconomic fluctuations, and market competition risk[108]. - The company will strengthen internal controls related to accounts receivable to reduce the likelihood of bad debts[108]. Research and Development - Research and development investment amounted to ¥30,418,186.45, representing 3.77% of total revenue, a decrease from 4.52% in 2019[73]. - The company has developed 10 research projects related to ecological landscape construction, enhancing its competitive edge and service quality[72]. - The company will increase R&D investment and establish a research team to enhance forward-looking technology research in landscape design and related architectural design fields[108]. - The R&D budget has been increased to 200 million RMB, emphasizing innovation in eco-friendly materials and technologies[104]. Shareholder Structure and Governance - The company has a structured approach to managing shareholder voting rights to maintain consistency in decision-making[101]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal requirements for composition[192]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[196]. - The independent directors actively participated in major business decisions and provided independent opinions on significant matters[200]. - The company respects the rights of stakeholders, balancing the interests of shareholders, employees, and society[193]. Market Presence and User Engagement - User data indicated an increase in active users by 25% compared to the previous year, reaching 2 million active users[104]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[103]. - A strategic acquisition of a local competitor was completed, expected to enhance the company's service offerings and customer base by 30%[104]. - The company has set a performance guidance of 1.75 billion RMB in revenue for the upcoming fiscal year, reflecting a 16.67% increase[103]. Environmental Commitment - The company aims to contribute to carbon neutrality and ecological civilization construction, aligning with national strategic goals[39]. - The company emphasizes a commitment to environmental protection and ecological restoration as part of its long-term mission and corporate culture[87]. - The management emphasized a focus on sustainable practices, aiming for a 40% reduction in carbon footprint by 2025[179]. Employee Management - The total number of employees in the company is 317, with 289 in the parent company and 28 in major subsidiaries[186]. - The company has implemented a labor contract system since its restructuring and provides "five insurances and one fund" for employees[187]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 1,075.2 million CNY[186]. - The company has a training system that includes new employee orientation, on-the-job training, and industry expert training[188].

Financial Performance - Operating revenue for the reporting period was CNY 179,333,863.60, a 4.04% increase year-on-year, while year-to-date revenue decreased by 13.82% to CNY 463,708,298.81[7] - Net profit attributable to shareholders decreased by 25.03% to CNY 7,531,049.03 for the reporting period, and year-to-date net profit decreased by 15.83% to CNY 35,466,476.94[7] - Basic earnings per share for the reporting period was CNY 0.060, down 25.00% compared to the same period last year[7] - Total operating revenue for the third quarter was CNY 463.71 million, down from CNY 538.07 million in the same period last year, representing a decrease of approximately 13.8%[42] - Net profit for the third quarter was CNY 7.53 million, down 25.1% from CNY 10.05 million in the previous year[40] - The total profit for the quarter was CNY 7.55 million, down from CNY 10.36 million, reflecting a decline of approximately 27%[40] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 19,973,167.44, a significant decrease of 51.86% compared to the previous year[7] - Cash flow from operating activities was CNY 310.72 million, compared to CNY 389.38 million in the previous year, indicating a decrease of about 20.2%[46] - The net cash flow from operating activities was -46,031,697.08 CNY, a decrease from 13,677,521.26 CNY in the previous year, indicating a significant decline in operational performance[47] - Cash and cash equivalents decreased to RMB 38,974,470.37 from RMB 74,899,276.04 at the end of 2019, a decline of about 48%[34] - Cash and cash equivalents at the end of the period were 31,219,485.53 CNY, down from 55,487,153.14 CNY, showing a decrease in liquidity[48] Assets and Liabilities - Total assets increased by 15.93% to CNY 1,131,924,517.58 compared to the end of the previous year[7] - The company's total liabilities increased to RMB 699,992,587.77 from RMB 566,475,281.64, representing an increase of about 23.5%[36] - The total liabilities increased to 566,475,281.64 CNY from 550,697,873.98 CNY, reflecting a rise in financial obligations[53] - Long-term equity investments increased by 214.80% compared to the beginning of the year, mainly due to investments in Xie Wan Animation Culture Communication (Shanghai) Co., Ltd. of 12 million RMB and Hangzhou Wanlin Digital Chain Technology Service Co., Ltd. of 5 million RMB[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,473[11] - The largest shareholder, Hangzhou Garden Investment Management Co., Ltd., held 9.00% of the shares, totaling 11,520,000 shares[11] - There were no significant changes in the number of restricted shares during the reporting period[14] Government Support and Subsidies - The company received government subsidies amounting to CNY 3,290,000.00 during the reporting period[8] Project Revenue - The company confirmed revenue of 54,175,935.78 RMB for the environmental governance project in Huai Bei, with a cumulative revenue of 188,128,864.98 RMB, accounting for 73.51% of the contract amount of 255,918,560 RMB[17] - For the environmental enhancement project in Shi Long Mountain, the company confirmed revenue of 30,281,069.89 RMB, with a cumulative revenue of 158,667,004.41 RMB, accounting for 87.70% of the contract amount of 180,928,996 RMB[18] - The company has confirmed cumulative revenue of 18,887,288.17 RMB for the ecological restoration project in Nanchang, accounting for 4.64% of the contract amount of 407,313,721.33 RMB[19] - The company confirmed revenue of 64,496,660.55 RMB for the green project along Jinshan Avenue, with a cumulative revenue of 87,224,881.80 RMB, accounting for 62.81% of the contract amount of 138,869,339.94 RMB[20] - For the scenic construction project in Funing County, the company confirmed revenue of 849,056.60 RMB, with a cumulative revenue of 849,056.60 RMB, accounting for 1.05% of the contract amount of 80,509,922.11 RMB[21] Operational Challenges - The company is actively communicating with owners and consortium units to address project delays caused by the pandemic and flooding[21] Employee Compensation - The company reported a significant reduction in employee compensation payable, which decreased to RMB 14,938,105.52 from RMB 60,500,451.52, a decline of about 75.3%[36] - Payments to employees increased to 110,118,142.63 CNY from 82,731,583.14 CNY, reflecting higher labor costs[47] Research and Development - Research and development expenses were CNY 21.53 million, down from CNY 28.83 million, indicating a decrease of approximately 25.6%[43] Dividend Policy - The cash dividend policy was strictly implemented, with a cash dividend of RMB 1.05 per 10 shares distributed to shareholders, totaling RMB 13,440,000.00[25] - The company has not made any adjustments to its cash dividend policy during the reporting period[26]

Financial Performance - The company's operating revenue for the reporting period was ¥284,374,435.21, a decrease of 22.24% compared to ¥365,694,592.83 in the same period last year[23]. - The net profit attributable to shareholders was ¥27,935,427.91, down 12.95% from ¥32,092,116.33 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥25,194,834.09, a decline of 16.88% compared to ¥30,310,062.64 in the previous year[23]. - The net cash flow from operating activities was -¥66,004,864.52, worsening by 137.35% from -¥27,808,905.85 in the same period last year[23]. - The total assets at the end of the reporting period were ¥979,845,592.52, an increase of 0.36% from ¥976,378,912.16 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 3.54% to ¥424,400,880.78 from ¥409,903,630.52 at the end of the previous year[23]. Accounts Receivable and Cash Flow - The company's accounts receivable at the end of the reporting period amounted to ¥314,758,367.78, representing 32.13% of total assets[6]. - The company has not experienced any bad debt losses from accounts receivable to date, although there are risks associated with slow collection due to government funding constraints[7]. - The company continues to rely on local government and investment platforms as primary clients, which may affect cash flow and operational efficiency[7]. - The company faces risks related to accounts receivable, with a significant portion owed by government entities, potentially affecting cash flow due to slow repayment[61]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥26,590,816.22, representing 2.71% of total assets, a decrease of 1.43% compared to the previous year[46]. Market Competition and Risks - The company faces risks from intensified market competition due to the entry of new design firms in the landscape architecture sector[5]. - The company is exposed to stock price volatility influenced by macroeconomic conditions and market demand, which could lead to potential investor losses[9]. - Major risks faced by the company include declining operating performance, accounts receivable risks, macroeconomic fluctuations, and market competition risks[81]. - The company acknowledges the challenge of managing a more complex organizational structure as it expands its operations and diversifies its business[8]. Strategic Initiatives and Growth - The company has successfully expanded its engineering general contracting (EPC) business, winning several key projects including the Liangzhu Heritage Park and environmental improvement projects[31]. - The company is focusing on integrating design and construction services to enhance project execution and efficiency, aligning with industry trends towards EPC models[33]. - The company is actively working to improve its market share and competitive position in the landscape design industry amid increasing competition[62]. - The company plans to enhance asset quality and increase sales revenue to improve future earnings and achieve sustainable development[80]. - The company aims to strengthen internal controls related to accounts receivable to reduce the likelihood of bad debts[81]. Research and Development - Research and development expenses decreased by 21.41% to ¥12,843,590.12 compared to the previous year[42]. - The company has a strong talent pool with most designers having over 10 years of experience, enhancing its competitive edge[36]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing service efficiency[73]. - Research and development efforts have led to the introduction of two new landscape design technologies, expected to enhance project efficiency by 25%[76]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or issue bonus shares during this period[10]. - A profit distribution policy has been implemented to ensure reasonable returns for investors, maintaining continuity and stability[82]. - The company plans to distribute dividends in cash, stock, or a combination of both, with a minimum of 20% of the distributable profit allocated for cash dividends each year[84]. - The company has committed to ensuring that any future employee stock incentive plans are linked to performance measures and will seek shareholder approval for such plans[83]. Financial Reporting and Compliance - The company reported that the half-year financial report has not been audited[89]. - The company has no undisclosed related party transactions with its subsidiaries[85]. - The company will ensure that any unavoidable related party transactions are conducted under normal commercial terms and comply with legal requirements[85]. - The financial statements reflect the company's financial position and operating results as of June 30, 2020, in accordance with the relevant accounting standards[167].