Financial Performance - The company's operating revenue for 2019 was ¥828,007,428.12, representing a 58.26% increase compared to ¥523,192,543.65 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥66,705,943.62, up 27.49% from ¥52,321,404.32 in 2018[22]. - The basic earnings per share for 2019 was ¥0.52, a 26.83% increase from ¥0.41 in 2018[22]. - The weighted average return on equity for 2019 was 17.47%, up from 15.62% in 2018[22]. - The company reported a total of ¥1,593,473.89 in non-recurring gains and losses for 2019, compared to ¥1,177,929.55 in 2018[28]. - The company's total revenue for the year was approximately CNY 828.5 million, with a year-on-year increase of 38.19%[44]. - The company reported a total revenue of 2,563.7 million yuan for the year 2018, with significant contributions from various projects[124]. - The company reported a total revenue of 49.6 million in 2019, indicating a stable financial performance[156]. - The company reported a total revenue of 1.2 billion RMB for the year 2019, reflecting a year-on-year growth of 15%[166]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 39.09% to ¥24,583,647.01 in 2019 from ¥40,358,171.02 in 2018[22]. - The company plans to distribute a cash dividend of ¥1.05 per 10 shares (including tax) based on a base of 128,000,000 shares, with no bonus shares issued[9]. - The cash dividend represents 20.15% of the total distributable profit of RMB 66,705,943.62 for the year[93]. - The company has a cash dividend policy to distribute at least 20% of the annual distributable profit, provided there are no major investment plans[82]. - The company has maintained a consistent dividend policy, with cash dividends of RMB 1.00 and RMB 0.80 per 10 shares in 2018 and 2017, respectively[91]. Business Strategy and Expansion - The company has a dual-driven development strategy focusing on "design and ecological environment business," aiming to expand upstream and downstream in the industry chain[5]. - The company is actively expanding its business by investing in Shanghai Manmeng Cultural Media Co., Ltd., aiming to diversify its operations in the ecological environment protection industry[40]. - The company aims to focus on providing integrated landscape design solutions and gradually expand into Engineering Procurement Construction (EPC) services[72]. - The company plans to enhance its national business network through design branches, leveraging brand advantages to overcome regional limitations[73]. - The company is exploring integrated design and construction business models to enhance its core competitiveness[72]. Project Management and Execution - The company has expanded its business model to include engineering general contracting (EPC) services, enhancing its project management capabilities[30]. - The successful implementation of the Hainan Boao project has received industry acclaim, laying a foundation for further expansion in EPC business[31]. - The company has secured multiple new projects, including the Liangzhu Heritage Park and environmental improvement projects in Anhui Province[31]. - The engineering contracting business accounted for 78.16% of total revenue, with a significant growth of 76.76% compared to the previous year[43]. - The company successfully undertook several major projects, including the Liangzhu Heritage Park, which has been recognized as a World Cultural Heritage site[40]. Research and Development - The company reported a 73.10% increase in R&D expenses, totaling CNY 37.4 million, reflecting the expansion of business scale[55]. - R&D investment amounted to ¥37,398,044.64 in 2019, representing 4.52% of total revenue, with a total of 45 R&D personnel, accounting for 17.51% of the workforce[60]. - The company aims to increase R&D investment and establish a dedicated R&D team to enhance forward-looking technology research in landscape design and related architectural design fields[99]. - The company conducted 11 R&D projects during the reporting period, resulting in 9 independent intellectual property rights obtained and 9 more pending applications, including 1 invention patent[56]. Risk Management - The company is facing risks related to slow accounts receivable collection due to government funding constraints amid economic slowdown[77]. - The main risks faced by the company include operational performance decline, accounts receivable risk, macroeconomic fluctuations, and market competition[99]. - Strengthening internal controls related to accounts receivable is a priority, with dedicated personnel responsible for tracking and collecting receivables to reduce bad debt risk[99]. Corporate Governance - The company has established a clear and complete decision-making process for its profit distribution policy[88]. - The independent directors have fulfilled their responsibilities and ensured the protection of minority shareholders' rights[88]. - The company adheres to legal regulations and has established a sound corporate governance structure, ensuring compliance with the requirements of the China Securities Regulatory Commission[176]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[177]. Shareholder Information - The total number of shares for the dividend distribution is 128,000,000[90]. - The largest shareholder, Hangzhou Garden Investment Management Co., holds 9.00% of the shares, totaling 11,520,000 shares[139]. - The company has no foreign ownership, with 100% of shares held by domestic investors[136]. - The number of shareholders increased from 11,328 to 12,150 during the reporting period[138]. Employee and Workforce Management - The company employed a total of 270 staff, including 245 in the parent company and 25 in major subsidiaries[170]. - The professional composition of employees includes 185 production personnel, 45 technical personnel, and 28 administrative personnel[171]. - The company has continuously improved employee salaries and benefits based on operational performance[127]. - The training program includes new employee onboarding, professional skills training, and industry expert training to improve overall employee quality[173].

Financial Performance - Total revenue for Q1 2020 was ¥119,654,533.51, an increase of 22.40% compared to ¥97,759,460.04 in the same period last year[7] - Net profit attributable to shareholders was ¥19,997,870.02, up 7.78% from ¥18,554,895.54 year-on-year[7] - Basic earnings per share increased by 4.00% to ¥0.156 from ¥0.150 in the same period last year[7] - The total operating revenue for the first quarter was CNY 119,654,533.51, an increase of 22.3% compared to CNY 97,759,460.04 in the previous period[34] - The net profit for the first quarter reached CNY 19,997,870.02, representing a growth of 7.8% from CNY 18,554,895.54 in the prior year[36] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 172.00%, resulting in a net outflow of ¥63,252,991.50, compared to a net outflow of ¥23,254,532.94 in the previous year[7][14] - The company reported a significant increase in cash inflows from operating activities, totaling CNY 166,040,062.01, compared to CNY 109,359,064.79 in the previous year[39] - The total cash and cash equivalents decreased by 36,675,703.31 CNY, compared to a decrease of 8,605,896.47 CNY in the previous period, showing a larger decline in liquidity[41] - The company reported a decrease in cash and cash equivalents from CNY 74.90 million on December 31, 2019, to CNY 37.32 million on March 31, 2020, representing a decline of 50.24%[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥918,310,434.18, a decrease of 5.95% from ¥976,378,912.16 at the end of the previous year[7] - The total liabilities decreased to CNY 488,408,933.64 from CNY 566,475,281.64, reflecting improved financial health[34] - The total current asset of CNY 702.14 million as of March 31, 2020, down from CNY 760.70 million at the end of 2019, a decrease of 7.66%[31] Investments and Projects - The company reported a net cash outflow from investing activities of ¥3,000,000 due to new long-term equity investments, a decrease of 1343.39% compared to the previous period[14] - The company signed a significant engineering design contract with Huizhou City Construction Investment Group for the Huizhou Tonghu Ecological Smart Zone Wetland Park, with a contract value of approximately CNY 33.83 million, and has recognized revenue of CNY 14.24 million to date[17] - The company has ongoing projects with a total contract value of CNY 40.38 million for the Tongjian Lake Avenue supporting project, with cumulative recognized revenue of CNY 26.32 million, including CNY 0.28 million recognized in the current reporting period[19] - The company has confirmed revenue of CNY 3.31 million from the environmental governance project in Huai Bei, with a total contract value of CNY 25.59 million[20] Organizational Changes and Strategy - The company is adjusting its organizational structure and talent allocation to meet current operational and strategic development needs[15] - The company is actively expanding its business in the ecological environment protection industry and EPC engineering contracting, aiming for multidimensional development[15] - The company is focusing on enhancing its core competitiveness and brand recognition in the landscape design sector[15] - The company is leveraging opportunities from major events like the G20 Hangzhou Summit to secure significant projects[15] Government Support and Subsidies - The company received government subsidies amounting to ¥3,290,782.47 during the reporting period, contributing to a 64.54% increase in other income[8][14] Compliance and Standards - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[43] - The company has not adopted the new revenue and leasing standards for the current year, indicating a potential future impact on financial reporting[43]

2019 年 10 月 1 杭州园林设计院股份有限公司 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。 杭州园林设计院股份有限公司 2019 年第三季度报告全文 杭州园林设计院股份有限公司 2019 年第三季度报告 2019-018 所有董事均已出席了审议本次季报的董事会会议。 公司负责人何韦、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)邵如建声明：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 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 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 859,928,888.83 | | 527,235,412.91 | 63.10% | | 归属于上市公司股东的净资产 （元） | ...

Business Performance - Total revenue for the reporting period was ¥365,694,592.83, an increase of 6.99% compared to ¥341,797,684.95 in the same period last year[24]. - Net profit attributable to shareholders was ¥32,092,116.33, representing a growth of 30.98% from ¥24,501,195.74 year-over-year[24]. - The net profit after deducting non-recurring gains and losses was ¥30,310,062.64, up 23.68% from ¥24,507,308.49 in the previous year[24]. - Basic earnings per share increased to ¥0.25, a rise of 31.58% compared to ¥0.19 in the same period last year[24]. - Total assets at the end of the reporting period reached ¥673,236,240.49, reflecting a 27.69% increase from ¥527,235,412.91 at the end of the previous year[24]. - The net assets attributable to shareholders were ¥375,289,803.23, up 5.42% from ¥355,997,686.90 at the end of the last year[24]. - The company reported a total revenue of 1.2 billion RMB for the first half of 2019, representing a year-on-year increase of 15%[69]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2019, representing a year-on-year increase of 15%[75]. - The company expects a revenue growth of 10% for the second half of 2019, projecting total revenue to reach approximately 2.4 billion RMB for the full year[71]. Financial Health - The company’s financial report for the first half of 2019 is guaranteed to be true, accurate, and complete by its board and management[3]. - The company operates under a total contracting model (EPC), which includes comprehensive responsibilities for project quality, safety, schedule, and cost[16]. - The company is exposed to risks related to stock price volatility, influenced by macroeconomic conditions and market demand, which could impact investor returns[9]. - Cash flow from operating activities showed a slight improvement, with a net outflow of 27.81 million RMB, a decrease of 0.20% from the previous year[43]. - The company reported cash and cash equivalents of ¥19,896,956.14 as of June 30, 2019, a decrease from ¥69,302,951.60 at the end of 2018[155]. - Accounts receivable increased to ¥209,255,206.91 from ¥162,922,139.92 at the end of 2018, indicating a growth of approximately 28.5%[155]. - The total cash outflow from operating activities was ¥285,060,199.55, compared to ¥240,700,603.46 in the previous year, reflecting higher operational costs[171]. Strategic Initiatives - The company plans to further expand its business opportunities along the industry chain, although there are risks associated with potential declines in industry demand[5]. - The company is focusing on a dual-driven strategy of design and ecological environment business development[31]. - The company plans to implement cost-cutting measures that are expected to reduce operational expenses by 5% in the next fiscal year[72]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share in the region by 2021[73]. - A strategic acquisition of a local design firm is expected to be finalized by Q4 2019, which will enhance the company's service offerings and add approximately 50 million RMB in annual revenue[69]. - The company aims to strengthen investor return mechanisms and enhance market development capabilities[91]. Research and Development - R&D investment surged to 16.34 million RMB, a 177.51% increase due to expanded revenue scale and increased R&D needs[43]. - The company has invested 200 million RMB in R&D for new technologies aimed at improving project efficiency and sustainability[70]. - Investment in new technology development increased by 25% in the first half of 2019, focusing on sustainable design solutions[78]. - New product development includes the launch of a smart landscape design software, which is anticipated to contribute an additional 100 million RMB in revenue by the end of 2019[72]. Shareholder Returns - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[10]. - The company plans to distribute cash dividends amounting to no less than 20% of the distributable profits for the year, provided that the profits are positive and accumulated undistributed profits are also positive[100]. - The company has committed to a share buyback program, with a budget of up to 20% of the previous year's net profit to stabilize stock prices[82]. - The company will ensure that the share buyback does not disrupt the equity distribution required for listing compliance[85]. Risk Management - The company faced major risks including operational performance decline, accounts receivable risk, macroeconomic fluctuations, and market competition[92]. - The company emphasizes maintaining its independence in operations, finance, and personnel, ensuring that no related party transactions affect its independence[104]. - The management emphasized the importance of protecting investor interests, particularly for small shareholders, through compensation mechanisms in case of losses[83]. Compliance and Governance - The company did not conduct an audit for the semi-annual financial report[109]. - There were no major litigation or arbitration matters during the reporting period[111]. - The company confirmed no related party debts or transactions during the reporting period[117]. - The company has established a fundraising management system to ensure the reasonable and lawful use of raised funds[93].

Financial Performance - Total revenue for Q1 2019 was ¥97,759,460.04, a decrease of 46.59% compared to ¥183,020,377.72 in the same period last year[7] - Net profit attributable to shareholders increased by 19.52% to ¥18,554,895.54 from ¥15,524,299.98 year-on-year[7] - Basic earnings per share rose by 25.00% to ¥0.15 from ¥0.12 in the previous year[7] - Total operating revenue for Q1 2019 was CNY 97,759,460.04, a decrease of 46.5% compared to CNY 183,020,377.72 in the same period last year[38] - Net profit for Q1 2019 reached CNY 18,554,895.54, representing an increase of 19.6% from CNY 15,524,299.98 in Q1 2018[39] - The total comprehensive income for the period was CNY 18,554,895.54, compared to CNY 15,524,299.98 in the previous period, representing a growth of approximately 19.6%[40] - Basic and diluted earnings per share increased to CNY 0.15 from CNY 0.12, reflecting a growth of 25%[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥561,368,720.12, an increase of 6.47% from ¥527,235,412.91 at the end of the previous year[7] - Current assets totaled CNY 357,190,721.26 as of March 31, 2019, up 12.4% from CNY 317,736,765.73 at the end of 2018[34] - Total liabilities amounted to CNY 186,816,137.68, an increase of 9.1% from CNY 171,237,726.01 at the end of 2018[35] - The company's total assets reached CNY 561,368,720.12, up from CNY 527,235,412.91 at the end of 2018, reflecting a growth of 6.5%[36] Cash Flow - Cash flow from operating activities showed a net outflow of ¥23,254,532.94, slightly worse than the outflow of ¥22,751,514.67 in the same period last year, a change of 2.21%[7] - Cash inflow from operating activities totaled CNY 109,359,064.79, down from CNY 175,644,169.68, indicating a decrease of about 37.7%[43] - Cash outflow from operating activities was CNY 132,613,597.73, compared to CNY 198,395,684.35 in the previous period, a decrease of approximately 33.2%[43] - The net cash flow from operating activities was negative CNY 23,254,532.94, slightly worse than the previous period's negative CNY 22,751,514.67[43] - Cash and cash equivalents at the end of the period were CNY 58,012,572.63, compared to CNY 30,559,610.53 at the end of the previous period, an increase of approximately 89.5%[45] - The cash flow from investment activities was negative CNY 223,401.03, a significant decrease from negative CNY 13,023,288.24 in the previous period[44] Government Support and Income - The company received government subsidies amounting to ¥2,000,000, contributing to a 100% increase in other income compared to the previous year[16] Project Revenue - The company reported a 64.93% decline in EPC project revenue, significantly impacting overall revenue[14] - The company confirmed design revenue of CNY 9.62 million for the Huizhou Tonghu Eco-Smart Zone Wetland Park project, with a contract value of CNY 33.83 million[21] - The company recognized design revenue of CNY 4.84 million for the Putian North Yang Green Heart Zone project, with a contract value of CNY 25.64 million[21] - The company reported engineering revenue of CNY 51.76 million for the Tongjian Lake Avenue supporting project, with a contract value of CNY 403.81 million[25] - The company confirmed engineering revenue of CNY 1.62 million for the Liangzhu Heritage Park tourism infrastructure project, with a contract value of CNY 217.08 million[22] Strategic Initiatives - The company is focusing on enhancing brand awareness and core competitiveness in the landscape design sector, aiming for multi-dimensional business development[19] - The company is actively seeking expansion in the ecological environment protection industry chain and EPC engineering contracting business[19] - The company has successfully undertaken several major projects, including the Xiong'an New Area Urban Forest Construction Plan and the Wuhan Military World Games design business[19] - The company is adjusting its organizational structure and improving talent allocation to adapt to current operational and strategic development needs[19] - The company has benefited from landmark projects such as the G20 Hangzhou Summit and the Hainan Boao Forum, enhancing its national and international influence[19] - The company is committed to maintaining its competitive edge in the landscape design industry through high-quality design services[19] Costs and Expenses - Total operating costs for Q1 2019 were CNY 78,273,861.77, down 52.5% from CNY 164,892,058.78 year-on-year[38] - Research and development expenses for Q1 2019 were CNY 2,983,360.25, an increase of 10.3% compared to CNY 2,705,977.95 in the previous year[39] Other Information - The report for the first quarter was not audited[46] - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous period[40]

Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares (including tax) based on a total of 128,000,000 shares[5]. - The company will distribute at least 20% of its distributable profits as cash dividends annually, provided it has positive retained earnings[83]. - The cash dividend policy requires a minimum distribution of 20% for companies in a growth phase with significant capital expenditure plans[89]. - The total distributable profit for the year 2018 was RMB 52,321,404.32, with cash dividends accounting for 24.46% of this amount[93]. - The company has consistently increased its cash dividends over the past three years, with 2017 and 2016 dividends being RMB 0.80 and RMB 1.20 per 10 shares, respectively[91]. - The cash dividend amount for 2017 was RMB 10,240,000.00, which accounted for 29.47% of the net profit attributable to shareholders[93]. - The company’s cash dividend policy aligns with its articles of association and shareholder resolutions[88]. - The cash dividend distribution plan for 2018 was approved by the shareholders' meeting with more than two-thirds of the voting rights present[86]. Financial Performance - The company's operating revenue for 2018 was ¥523,192,543.65, representing a 185.01% increase compared to ¥183,570,359.34 in 2017[18]. - The net profit attributable to shareholders for 2018 was ¥52,321,404.32, a 50.60% increase from ¥34,742,764.39 in 2017[18]. - The net cash flow from operating activities reached ¥40,358,171.02, marking a 91.82% increase from ¥21,039,514.26 in 2017[18]. - The total assets at the end of 2018 amounted to ¥527,235,412.91, a 44.67% increase from ¥364,427,725.41 at the end of 2017[18]. - The basic earnings per share for 2018 were ¥0.41, up 36.67% from ¥0.30 in 2017[18]. - The weighted average return on equity for 2018 was 15.62%, an increase from 13.64% in 2017[18]. - The company reported a total net profit excluding non-recurring gains and losses of ¥51,143,474.77, a 52.97% increase from ¥33,433,112.25 in 2017[18]. - The total revenue for the year reached ¥523,192,543.65, representing a 185.01% increase compared to the previous year[40]. Business Expansion and Strategy - The company is expanding its business model by leveraging its design expertise to explore upstream and downstream opportunities in the industry chain[4]. - The company is actively seeking more business opportunities in project engineering contracting while maintaining risk control[4]. - The company expanded its business model to include both landscape design and engineering contracting, enhancing its competitive edge in the market[26]. - The company is focusing on enhancing its project implementation and management capabilities through experience gained from previous engineering projects[4]. - The company is actively exploring new business directions in ecological environment protection while leveraging its design capabilities[74]. - The company aims to focus on providing integrated landscape design solutions and gradually expand into Engineering Procurement Construction (EPC) services[69]. - The company plans to enhance its national business network through design branches, leveraging brand advantages to overcome regional limitations[70]. - The company is focusing on the ecological landscape concept, driven by government policies promoting ecological civilization construction[30]. Risk Management - The company acknowledges risks associated with stock price volatility influenced by macroeconomic conditions and market demand[5]. - The company faces risks related to slow accounts receivable collection due to government clients and macroeconomic conditions[75]. - The company acknowledges potential management and human resource risks as it expands its operations and diversifies its business[76]. - The company has not experienced any bad debt losses from accounts receivable as of the current date, despite potential risks related to local government financing[5]. Project and Revenue Contributions - Major projects contributing to revenue included the G20 Hangzhou Summit and the Xiamen BRICS Summit, enhancing the company's brand influence nationally and internationally[36]. - The company successfully completed several EPC projects, including the Boao National Agricultural Park Phase I, with a total contract value exceeding ¥600 million[27]. - The company confirmed revenue of ¥237,848,284.4 from the Boao Agricultural National Park Phase I project, which has been completed[44]. - The company confirmed cumulative income of 2,046.9 million yuan from the Boao Coastal Avenue greening project as of December 31, 2018[161]. - The revenue from the ecological water system construction project in Gongyi City amounted to 3,464 million yuan, indicating successful project completion[160]. Research and Development - The company reported a total of 21,605,270.02 CNY in R&D expenses for 2018, which is an increase of 163.66% compared to 8,219,352.80 CNY in 2017[55]. - The company’s R&D personnel increased to 39, representing 16.05% of the total workforce, up from 12.14% in 2017[57]. - The company has allocated 100 million RMB for research and development in innovative landscaping technologies over the next three years[107]. - Investment in new product development increased by 25% in 2018, focusing on innovative landscaping technologies[102]. Shareholder and Governance - The company has established a communication mechanism to gather opinions from minority shareholders regarding profit distribution[87]. - The board of directors must obtain approval from more than half of the directors and independent directors must provide their opinions on the profit distribution plan[86]. - The company has fulfilled all commitments made during the asset restructuring and initial public offering, with no violations reported[95]. - The company is committed to ensuring its independence and protecting the rights of shareholders in all business activities[131]. - The company has established a framework for employee stock ownership incentives linked to performance measures[125]. Market Outlook and Future Plans - The company provided a future outlook projecting a revenue growth of 10% for 2019, driven by new product launches and market expansion strategies[101]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[103]. - Future guidance indicates a positive outlook with expectations of continued growth in user data and market share[200]. - The company aims to leverage its expertise in landscape design to capture new business opportunities in urban development[199]. Compliance and Legal Matters - The company has maintained compliance with legal regulations in areas such as environmental protection and employee rights[164]. - There were no significant lawsuits or arbitration matters during the reporting period[141]. - The company did not engage in any daily operational related party transactions during the reporting period[145]. - The company reported no violations regarding external guarantees during the reporting period[156].

Financial Performance - Operating income rose by 296.26% to CNY 375,986,545.74 year-to-date, driven by the expansion of EPC business[15] - Net profit attributable to shareholders increased by 69.58% to CNY 31,530,757.83 year-to-date[7] - The basic earnings per share decreased by 28.57% to CNY 0.050 compared to the same period last year[7] - Total operating revenue for Q3 2018 was CNY 34,188,860.79, an increase of 12.5% compared to CNY 30,392,490.48 in the same period last year[36] - Net profit for Q3 2018 reached CNY 7,029,562.09, representing a 22.3% increase from CNY 5,744,929.68 in Q3 2017[37] - The net profit for the third quarter of 2018 was CNY 31,530,757.83, an increase of 69.5% compared to CNY 18,593,138.87 in the same period last year[41] - Total profit for the quarter was CNY 36,126,318.68, an increase of 67.4% from CNY 21,611,318.75 in the previous year[41] Assets and Liabilities - Total assets increased by 25.25% to CNY 456,438,467.49 compared to the end of the previous year[7] - Total liabilities for Q3 2018 were CNY 123,498,630.30, an increase from CNY 50,511,442.83 in the same period last year[34] - The total equity attributable to shareholders of the parent company was CNY 332,939,837.19, up from CNY 313,916,282.58 in Q3 2017[34] - The company’s total non-current assets were CNY 205,259,900.99, an increase from CNY 180,881,519.73 year-over-year[34] Cash Flow - Cash flow from operating activities decreased by 198.03% to CNY -16,300,390.92 year-to-date, reflecting increased project expenditures[19] - The cash flow from operating activities showed a net outflow of CNY 16,300,390.92, worsening from a net outflow of CNY 5,972,609.91 in the prior year[46] - Cash and cash equivalents at the end of the period were CNY 30,243,205.55, down from CNY 40,434,276.09 at the end of the previous year[46] - The company's cash and cash equivalents decreased from CNY 69.4129 million at the beginning of the period to CNY 31.2181 million at the end of the period[32] Expenses - Management expenses grew by 30.72% year-on-year, attributed to business scale expansion and increased resource investment[17] - Financial expenses decreased by 91.72% year-on-year, as the company repaid significant long-term loans[18] - Research and development expenses for Q3 2018 were CNY 2,963,925.22, significantly higher than CNY 1,738,712.54 in Q3 2017, indicating a focus on innovation[36] Contracts and Revenue - The company signed a contract with Qionghai City Management Bureau for the Boao Coastal Avenue Greening Improvement Project with a contract price of CNY 22.6399 million, and confirmed design revenue of CNY 16.3199 million by the reporting period[21] - The company entered into a design and construction contract with Hainan Provincial Transportation Engineering Construction Bureau for the Boao Road Landscape Renovation Project, with a contract price of CNY 155.3167 million, confirming design revenue of CNY 117.8491 million by the reporting period[22] - The company signed a construction design contract with Putian City Ecological Water System Construction Investment Management Co., with an estimated design fee of CNY 25.637028 million, confirming design revenue of CNY 4.8372 million by the reporting period[22] - The company reported a total comprehensive income of CNY 7,029,562.09 for Q3 2018, compared to CNY 5,744,929.68 in the previous year[38] Accounts Receivable and Payable - Accounts payable surged by 1159.41% compared to the end of the previous year, primarily due to increased EPC project payments[19] - Accounts receivable increased from CNY 97.5902 million at the beginning of the period to CNY 208.2364 million at the end of the period[32]

Business Performance - Total revenue for the reporting period reached ¥341,797,684.95, an increase of 429.99% compared to ¥64,491,824.64 in the same period last year[20]. - Net profit attributable to shareholders was ¥24,501,195.74, reflecting a growth of 90.70% from ¥12,848,209.19 year-on-year[20]. - Net profit after deducting non-recurring gains and losses was ¥24,507,308.49, up 91.50% from ¥12,797,502.70 in the previous year[20]. - The company reported a significant increase in total assets, which rose by 32.03% to ¥481,142,077.29 from ¥364,427,725.41 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 4.54% to ¥328,177,478.32 from ¥313,916,282.58 at the end of the previous year[20]. - The company experienced a net cash flow from operating activities of -¥27,865,296.87, a deterioration of 431.23% compared to -¥5,245,413.82 in the same period last year[20]. - Basic and diluted earnings per share decreased by 20.83% to ¥0.19 from ¥0.24 year-on-year[20]. - The company reported a significant cash outflow from operating activities, with a net cash flow of -27,865,296.87 yuan, indicating delayed cash recovery from projects[44]. - Cash and cash equivalents amounted to ¥19,876,603.20, representing 4.13% of total assets, a decrease of 11.45% compared to the previous period[50]. - Accounts receivable reached ¥246,327,651.06, accounting for 51.20% of total assets, with a growth of 24.31% due to rapid revenue growth from EPC projects[50]. Strategic Focus - The company plans to further expand its business opportunities along the industry chain, focusing on design and ecological environment services as part of its dual-driven strategy[5]. - The company aims to leverage its design advantages to capture more business opportunities in the industry[5]. - The company is expanding its business model from landscape design to engineering procurement construction (EPC), enhancing its service offerings[30]. - The company is focusing on ecological landscape concepts, aligning with national policies on ecological civilization and environmental protection[33]. - The company is pursuing strategic acquisitions to bolster its market position and expand its service capabilities[21]. Financial Management - The company emphasizes the importance of maintaining efficient cash flow and timely collection of accounts receivable to mitigate financial risks[6]. - The company does not plan to distribute cash dividends or issue bonus shares for the current period[7]. - Management expenses rose by 40.66% to 21,120,617.74 yuan due to business expansion and increased resource investment[44]. - The company reported a total investment cash outflow of 21,340,410.87 CNY, with a net cash flow from investment activities of -21,340,410.87 CNY[128]. - The company paid out 10,240,000.00 CNY in dividends, which represents a significant portion of the cash outflow in financing activities[128]. Project Development - The company has successfully undertaken several integrated design and construction projects, including the Boao National Agricultural Park Phase I, which received positive feedback during the Boao Forum[5]. - The company confirmed a significant operational contract valued at approximately 478.74 million yuan for a project covering an area of about 4.82 million square meters[22]. - The company is actively engaged in multiple ongoing projects, including the Wenchang Lake landscape design, with a contract value of 29.46 million yuan[23]. - The company is involved in ecological water conservancy projects in Gongyi City, with a contract value of 3.464 million yuan[23]. - The company has reported ongoing projects in various cities, demonstrating its robust project pipeline and operational capacity[23]. Compliance and Governance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management team[4]. - The company has not reported any changes in its registered information or contact details during the reporting period[19]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[52]. - There were no major asset or equity sales during the reporting period[58]. - The company has not reported any bad debt losses from accounts receivable as of the reporting date[62]. Market Position - The company holds first-class qualifications in landscape engineering design, which strengthens its bidding competitiveness[38]. - The company has established a partnership with Huizhou Tonghu Lake Ecological Wisdom Park, indicating a commitment to sustainable development[22]. - The company confirmed another major engineering contract worth 1,552 million CNY, indicating strong project acquisition[86]. - The total revenue from the ecological water system construction project was reported at 2,563.7 million CNY, showcasing the company's growth in this sector[87]. Shareholder Information - The total number of shares is 128 million, with 75% being limited sale condition shares[97]. - The total number of common shareholders at the end of the reporting period is 17,557[100]. - The largest shareholder, Hangzhou Garden Exhibition Investment Management Co., holds 9.00% of shares, totaling 11,520,000 shares[100]. - The company has not reported any changes in shareholding structure or significant shareholder activities[96]. - The company has maintained a consistent shareholder structure with 75% of shares held under limited conditions[97]. Research and Development - Research and development investment increased by 68.38% to 5,888,886.67 yuan, reflecting the company's commitment to expanding its business scale[44]. - The company is focusing on new product development and technology research to enhance its service offerings in the landscape design sector[21]. Risk Management - The management team faces challenges in coordinating and managing the increasingly complex organizational structure as the company expands its operations and diversifies its business[6]. - The company is facing risks related to new business expansion, particularly in the design and ecological environment sectors, which may impact future performance if industry demand declines[61]. - The company has not reported any significant legal disputes or penalties during the reporting period[71].

Financial Performance - Total revenue for Q1 2018 reached ¥183,020,377.72, a significant increase of 591.55% compared to ¥26,465,356.27 in the same period last year[7] - Net profit attributable to shareholders was ¥15,524,299.98, up 183.53% from ¥5,475,271.21 year-over-year[7] - Basic earnings per share increased to ¥0.12, representing a 9.09% rise from ¥0.11 in the previous year[7] - Operating profit for the quarter was ¥18,128,318.94, compared to ¥6,542,411.38 in the same period last year, indicating strong growth[46] - Net profit attributable to the parent company was ¥15,524,299.98, up from ¥5,475,271.21 year-over-year, reflecting a growth rate of approximately 184%[46] - The company anticipates a net profit increase of 170%-200% for the first quarter of 2018 compared to the same period last year, primarily due to the normal recognition of income from EPC projects[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥379,730,132.91, reflecting a 4.20% increase from ¥364,427,725.41 at the end of the previous year[7] - Current assets totaled ¥186,144,770.30, slightly up from ¥183,546,205.68, indicating a stable liquidity position[41] - Total liabilities decreased slightly to ¥50,289,550.35 from ¥50,511,442.83, indicating effective liability management[43] - Non-current assets increased to ¥193,585,362.61 from ¥180,881,519.73, reflecting ongoing investment in long-term growth[42] Cash Flow - The company reported a net cash flow from operating activities of -¥22,751,514.67, a slight increase in outflow compared to -¥21,974,730.20 in the previous year[7] - The cash inflow from operating activities totaled approximately ¥175.64 million, a significant increase from ¥17.18 million in the previous period, reflecting a growth of over 900%[50] - The cash outflow from operating activities amounted to ¥198.40 million, compared to ¥39.16 million in the prior period, indicating a substantial increase of approximately 406%[50] - The company reported a total cash inflow from operating activities of ¥175.64 million, while cash outflows totaled ¥198.40 million, leading to a net cash flow deficit[50] - The ending balance of cash and cash equivalents was ¥30.56 million, up from ¥13.93 million in the prior period, showing an increase of approximately 119%[52] Revenue Sources - The company's operating revenue increased by 591.55% compared to the previous period, primarily due to the strong development of EPC projects and growth in design services[19] - The company secured EPC project revenues of ¥147,569,602.71, accounting for 80.63% of total operating revenue in Q1 2018[21] - The company confirmed revenue of ¥77,995,311.71 from the construction of the China Boao Agricultural National Park during the reporting period[23] - The company confirmed revenue of ¥54,054,054.05 from the Boao Road Landscape Renovation Project during the reporting period[25] - The company confirmed revenue of ¥4,787,405.66 for the first quarter of 2018 from the Huizhou Tonghu Eco-smart Zone Wetland Park project, with a contract design fee of ¥33,831,000[28] - The company recognized revenue of ¥15,520,236.94 for the Boao Coastal Avenue Greening Improvement project, with a contract price of ¥22,639,914[30] Operational Insights - The company has successfully undertaken several integrated design and construction projects, enhancing its reputation and business foundation[10] - The company is focusing on expanding its business into the ecological environment sector, which may present risks if industry demand declines[9] - The company faces risks related to accounts receivable collection, particularly from local government clients, which may affect cash flow[11] - The company has ongoing projects with major clients, including the Zhuhai City Construction Investment Group and the Qionghai City Management Bureau, indicating a stable client base[28][30] - The company has not reported any significant changes in its core technology team or major risks affecting operations during the report period[26] - The company’s annual operational plan for 2018 is being executed normally, with no adverse impacts reported[26] Cost Management - Operating costs rose by 1166.13% compared to the previous period, driven by the same factors as revenue growth[19] - Management expenses increased by 72.38% compared to the previous period due to higher operational costs[19] - The company's financial expenses decreased by 107.81% compared to the previous period, as a significant bank loan was repaid in May 2017[19] - Accounts payable increased by 376.06% compared to the previous period, reflecting higher EPC project costs[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,879[14]

Business Strategy and Development - The company adopted a "dual-driven" development strategy focusing on "design and ecological environment business" in 2017, successfully undertaking several major projects including the Boao National Agricultural Park Phase I EPC project[5]. - The company reported that most of its revenue currently comes from design services, and it aims to expand into upstream and downstream business opportunities in the industry chain[5]. - The company expanded its business into engineering general contracting (EPC) in 2017, leveraging its design capabilities to enhance project execution[30]. - The company is actively seeking to expand its presence in the ecological environment protection industry and EPC business sectors to achieve multidimensional business development[43]. - The company plans to focus on providing integrated landscape design solutions and gradually expand into engineering contracting (EPC) services[78]. Financial Performance - The company's operating revenue for 2017 was ¥183,570,359.34, representing a 57.98% increase compared to ¥116,201,786.51 in 2016[21]. - The net profit attributable to shareholders for 2017 was ¥34,742,764.39, a 37.63% increase from ¥25,243,832.13 in 2016[21]. - The total assets at the end of 2017 reached ¥364,427,725.41, a 20.87% increase from ¥301,504,533.31 at the end of 2016[21]. - The net assets attributable to shareholders increased by 77.00% to ¥313,916,282.58 from ¥177,356,518.19 in 2016[21]. - The company generated a net cash flow from operating activities of ¥21,039,514.26, which is a 50.39% increase compared to ¥13,989,612.20 in 2016[21]. Risk Management - The company faces operational risks due to the complexity of its expanding organizational structure and management challenges as it diversifies its business[7]. - The company is aware of stock price volatility risks influenced by macroeconomic conditions and market supply-demand dynamics, which could impact investor returns[8]. - The company has initiated EPC projects with significant contract amounts, which may increase future funding requirements and operational risks if project management is not effectively controlled[81]. - The company has identified key risks including declining operating performance and macroeconomic fluctuations, and is implementing measures to mitigate these risks[128]. Profit Distribution and Shareholder Engagement - The board approved a profit distribution plan, proposing a cash dividend of 0.80 RMB per 10 shares (before tax) based on 128,000,000 shares[8]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, provided it has positive retained earnings[88]. - The company’s profit distribution policy emphasizes stability and continuity, prioritizing cash dividends unless major investments necessitate otherwise[87]. - The company actively engages with minority shareholders to gather their opinions and ensure their interests are considered in profit distribution decisions[96]. Market Presence and Brand Development - The company has established a strong brand presence through significant projects such as the G20 Hangzhou Summit and the Xiamen BRICS Summit, enhancing its influence both nationally and internationally[43]. - The company aims to enhance its market presence by leveraging experiences from major projects like the G20 Hangzhou Summit and the Boao Forum[79]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[108]. Talent and Human Resources - The company has a competitive advantage in talent, with most designers having over 10 years of experience, which is crucial for delivering high-quality designs[36]. - The rapid expansion of the company's business has led to a growing demand for skilled design and management personnel, with a minimum of 2-3 years required to train a competent designer[82]. - The company has established a comprehensive talent cultivation and recruitment system to build a leading design team, but faces risks due to the mismatch between business scale and talent availability[82]. Research and Development - Research and development investment amounted to ¥8,219,352.80, representing 4.48% of operating revenue[62]. - The company has initiated seven R&D projects, resulting in four software copyrights and seven independent intellectual properties[61]. - The company has allocated 100 million RMB for research and development in innovative landscaping technologies for the next fiscal year[106]. Compliance and Governance - The company is committed to maintaining transparency and governance standards, as evidenced by the recent changes in its board composition[198]. - The company has established a mechanism for handling violations of share reduction commitments, including potential financial penalties[114]. - The company commits to ensuring that its prospectus does not contain false records or misleading statements[116]. Operational Efficiency and Cost Management - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management[104]. - The company aims to reduce operational costs by 15% through process optimization initiatives[105]. - The company will strictly control the financial usage efficiency to enhance profitability[129].