Revenue and Profit - Revenue for Q3 2022 reached ¥340,274,460.72, an increase of 13.80% compared to the same period last year[4] - Net profit attributable to shareholders was ¥60,053,600.94, up 9.22% year-on-year[4] - Basic earnings per share increased to ¥0.14, reflecting a growth of 7.69% from the previous year[4] - The net profit for the third quarter of 2022 was CNY 172,422,098.54, an increase of 18.36% compared to CNY 145,705,879.72 in the same period last year[23] - The operating profit for the third quarter was CNY 184,665,558.22, up from CNY 162,566,556.56, reflecting a growth of 13.43%[23] - The total comprehensive income for the third quarter was CNY 172,422,098.54, compared to CNY 145,705,879.72, an increase of 18.36%[24] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥6,136,602,547.19, representing a 13.78% increase from the end of the previous year[5] - Current assets totaled ¥1,652,292,869.15, a rise of 32.3% from ¥1,248,668,504.25 at the beginning of the year[19] - Non-current assets reached ¥4,484,309,678.04, increasing by 8.2% from ¥4,144,781,110.36[19] - Total liabilities were reported at ¥3,697,189,063.59, an increase of 17.5% compared to ¥3,148,405,514.52[20] - The company’s total liabilities decreased by 44.62% for current non-current liabilities due to repayment of long-term loans[9] - Short-term borrowings decreased significantly to ¥189,777,432.42 from ¥327,650,382.81, a reduction of 42%[19] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of ¥35,047,686.42, although it decreased by 66.03% year-to-date[4] - Net cash flow from operating activities dropped by 66.03% to ¥35,047,686.42, mainly due to increased payments for franchise projects[10] - The cash flow from operating activities was CNY 35,047,686.42, down from CNY 103,176,771.46, indicating a decrease of 66.06%[26] - The cash flow from financing activities was CNY 638,211,850.88, an increase from CNY 458,537,941.83, reflecting a growth of 39.19%[26] - Cash inflow from investment activities decreased by 64.25% to ¥207,990,483.03, attributed to fewer financial investments this period[10] - The company reported a cash flow from investing activities of CNY -554,577,937.26, compared to CNY -509,522,299.87 in the previous year, showing a slight increase in cash outflow[26] Research and Development - Research and development expenses rose to ¥20,939,834.28, marking a 31.89% increase due to higher investment in R&D[9] - Research and development expenses increased to ¥20,939,834.28, reflecting a growth of 32% compared to ¥15,876,498.26 in the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,847[12] - The largest shareholder, Zhang Bozhong, holds 15.47% of shares, amounting to 65,565,434 shares[12] Future Plans - The company plans to invest $12 million to acquire 22.16% equity in Proof Energy, Inc., which will become an associate company[15] - The company plans to continue expanding its market presence and invest in new technologies to drive future growth[22]

证券代码:300692 证券简称:中环环保 公告编号:2022-072 债券代码:123146 债券简称:中环转 2 安徽中环环保科技股份有限公司 关于参加安徽辖区上市公司 2022 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，安徽中环环保科技股份有限公司（以下 简称"公司"）将参加由安徽证监局指导、安徽上市公司协会与深圳市全景网络 有限公司联合举办的"2022 年安徽辖区上市公司投资者集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2022 年 9 月 7 日（周三）16:00-17:30。届时公司 高管将在线就公司 2022 半年度报告中的公司业绩、公司治理、发展战略、 经营 状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟 通与交流，欢迎广大投资者踊跃参与！ 特此公告。 安徽中环 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 590,687,960.89, representing a 22.83% increase compared to CNY 480,887,870.05 in the same period last year[22]. - The net profit attributable to shareholders was CNY 98,381,311.57, up 19.05% from CNY 82,638,784.78 year-on-year[22]. - The net cash flow from operating activities improved significantly to CNY 5,261,405.34, a 142.71% increase from a negative CNY 12,318,027.41 in the previous year[22]. - The total assets of the company reached CNY 5,973,266,204.29, marking a 10.75% increase from CNY 5,393,449,614.61 at the end of the previous year[22]. - The basic earnings per share increased to CNY 0.2322, reflecting a 19.08% growth compared to CNY 0.1950 in the same period last year[22]. - The net profit after deducting non-recurring gains and losses was CNY 95,325,177.53, an 18.89% increase from CNY 80,181,540.76 in the previous year[22]. - The weighted average return on equity was 4.83%, up from 4.46% in the same period last year[22]. - The company achieved operating revenue of CNY 590.69 million, a year-on-year increase of 22.83%[41]. - Net profit attributable to shareholders reached CNY 98.38 million, reflecting a growth of 19.05% compared to the previous year[41]. - The company reported a significant increase in the volume of wastewater and garbage processed, reflecting the growing demand for its services[34]. Investment and Funding - The company raised a total of RMB 549,999,913.54 from a non-public offering of 40,352,158 shares at RMB 13.63 per share, with actual funds received amounting to RMB 544,499,914.40 after deducting fees[62]. - In 2022, the company issued 8.64 million convertible bonds with a total amount of RMB 864,000,000, resulting in actual funds of RMB 860,000,000 after fees[63]. - The company reported a total investment of ¥638,063,471.82 during the reporting period, a decrease of 20.70% compared to ¥804,626,650.75 in the same period last year[55]. - The total amount of raised funds was ¥140,173.99 million, with ¥29,013.56 million invested during the reporting period[59]. - Cumulative investment of raised funds reached ¥120,988.82 million, with no changes in the use of raised funds reported[60]. - The company has maintained a dedicated management system for the raised funds, ensuring proper allocation and usage[62][63]. Market Position and Strategy - The company operates in water environment governance, including municipal sewage, industrial wastewater treatment, and solid waste resource utilization, positioning itself as a leader in comprehensive environmental solutions in China[30]. - The company is actively expanding its market presence through various operational models such as BOT, TOT, and PPP, which contribute to its revenue generation[32]. - The company has established multiple distributed photovoltaic power generation projects, leveraging its existing facilities to enhance operational efficiency and support carbon neutrality initiatives[31]. - The company has a strategic partnership with state-owned enterprises, enhancing its market expansion capabilities[40]. - Revenue is primarily generated from Anhui and Shandong provinces, with plans to expand into other regions like Henan and Hebei, which may reduce reliance on these two provinces[80]. Environmental Compliance and Initiatives - The company is classified as a key pollutant discharge unit by the environmental protection department[98]. - The company maintained compliance with the GB18918-2002 standards for wastewater discharge[100]. - The company is focused on continuous improvement in wastewater treatment technologies to enhance environmental performance[100]. - The company has developed an emergency response plan for environmental incidents, outlining principles and procedures for emergency management[105]. - The company has established an environmental self-monitoring plan in accordance with national regulations, ensuring online monitoring of pollution sources[106]. Risks and Challenges - The company has acknowledged potential risks in its management discussion and analysis section, emphasizing the importance of investor awareness regarding these risks[3]. - Investment projects are subject to risks from changes in national policies and economic conditions, potentially delaying returns[82]. - The company's rapid expansion may lead to management risks if organizational structures and processes are not adapted accordingly[86]. - The top five customers accounted for 41.37% of total revenue in 2021, indicating a high customer concentration risk[79]. - Accounts receivable at the end of 2021 amounted to 399.14 million yuan, representing 34.24% of total revenue, highlighting a significant collection risk[81]. Corporate Governance - The company held its annual general meeting on March 23, 2022, where key resolutions included the approval of the 2021 annual financial report and profit distribution plan[92]. - There were significant changes in the board, with the appointment of Wang Wei as the new CFO on February 28, 2022, and the election of new independent directors on March 23, 2022[93]. - The company did not implement any employee stock ownership plans or other incentive measures during the reporting period[95]. - The company has no significant litigation or arbitration matters during the reporting period, ensuring a stable operational environment[117]. Research and Development - Research and development investment increased by 26.12% to CNY 13.85 million, indicating a focus on technological innovation[43]. - The company holds a total of 112 patents and software copyrights, with 66 patents and 17 software copyrights authorized[39]. - The company collaborates with top universities and research institutions to develop key technologies in wastewater treatment and resource utilization, enhancing its technological edge[37]. Financial Health - The company's current ratio improved to 1.59, up 112.00% from 0.75 at the end of the previous year[172]. - The debt-to-asset ratio increased slightly to 59.53%, compared to 58.37% at the end of the previous year, reflecting a 1.16% change[172]. - The company maintained its AA- credit rating with a stable outlook as of June 30, 2022[170]. - The company's long-term borrowings rose to ¥1,100.77 million, compared to ¥733.90 million at the beginning of the year[178].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 240,680,236.72, representing a 33.79% increase compared to CNY 179,890,867.24 in the same period last year[3]. - Net profit attributable to shareholders was CNY 45,399,339.87, up 41.42% from CNY 32,102,743.27 year-on-year[3]. - Basic earnings per share were CNY 0.11, reflecting a 57.14% increase from CNY 0.07 in the previous year[3]. - The net profit for Q1 2022 reached CNY 52,066,740.83, up 53.8% from CNY 33,826,556.21 in the same period last year[22]. - The cash flow from operating activities was CNY 300,293,263.62, compared to CNY 221,339,088.39 in the previous year, representing a growth of 35.6%[24]. - The total cash inflow from operating activities was CNY 350,802,463.04, up from CNY 247,363,280.93 year-over-year[25]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 52,676,474.62, a significant increase of 261.16% compared to a negative cash flow of CNY -32,686,600.70 in Q1 2021[3]. - The net cash flow from financing activities was CNY 118,847,180.38, down from CNY 250,714,920.09 in the previous year[26]. - The ending balance of cash and cash equivalents was CNY 132,345,598.35, compared to CNY 58,083,717.26 at the end of the same period last year[26]. - The company's cash and cash equivalents decreased from RMB 266,812,209.34 at the beginning of the year to RMB 178,509,111.04[17]. - The net increase in cash and cash equivalents was CNY -86,990,913.39, a decline of 112.67% compared to the previous year, mainly due to increased repayments[9]. Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 5,466,755,753.93, a 1.36% increase from CNY 5,393,449,614.61 at the end of the previous year[4]. - The total liabilities increased to CNY 3,190,832,434.96, up from CNY 3,148,405,514.52, indicating a rise of 1.3%[20]. - The total equity attributable to shareholders of the parent company was CNY 2,018,643,785.14, an increase from CNY 1,994,431,967.22, reflecting a growth of 1.2%[20]. - Accounts receivable increased from RMB 368,154,316.36 to RMB 404,604,434.77 during the reporting period[17]. - The accounts payable decreased to CNY 478,234,033.15 from CNY 655,279,306.43, showing a reduction of 27.0%[19]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 29,145[11]. - The largest shareholder, Zhang Bozhong, holds 15.47% of shares, totaling 65,565,434 shares[11]. - Anhui Zhongchen Investment Holding Co., Ltd. holds 12.78% of shares, totaling 54,150,000 shares[11]. - The company has a total of 423,750,439 shares outstanding as of December 31, 2021[15]. Expenses and Investments - The company reported a significant increase in management expenses, which rose by 44.44% to CNY 10,551,321.60 due to business scale growth[9]. - The company's research and development expenses for Q1 2022 were CNY 4,306,401.44, slightly down from CNY 5,034,182.73 in the previous year[21]. - The company paid CNY 20,448,064.79 to employees, an increase from CNY 15,487,575.80 in the previous year[25]. - The company incurred CNY 10,687,918.38 in tax payments, a decrease from CNY 14,479,636.87 in the same period last year[25]. Dividend and Share Issuance - The company reported cash dividends of RMB 21,187,521.95, distributing RMB 0.5 per 10 shares[15]. - The company plans to issue convertible bonds to unspecified investors, approved by the China Securities Regulatory Commission[13]. - The company has not issued any new shares or converted capital reserves into share capital this year[15]. - The company has not disclosed any new product or technology developments in this report[12]. Other Information - The company did not conduct an audit for the first quarter report[27].

Financial Performance - The company's operating revenue for 2021 was CNY 1,165,594,971.51, representing a 22.67% increase compared to CNY 950,156,837.06 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 201,895,933.12, up 27.99% from CNY 157,737,702.72 in the previous year[19] - The net profit excluding non-recurring gains and losses was CNY 195,390,511.78, reflecting a 28.93% increase from CNY 151,543,363.12 in 2020[19] - The net cash flow from operating activities was CNY 119,436,262.73, a significant improvement of 168.49% compared to a negative cash flow of CNY -174,377,868.43 in 2020[19] - Basic earnings per share for 2021 were CNY 0.4765, showing a slight increase of 0.06% from CNY 0.4762 in 2020[19] - The weighted average return on equity decreased to 10.61% in 2021 from 13.84% in 2020, a decline of 3.23%[19] - Total assets increased by 41.79% to CNY 5,393,449,614.61 at the end of 2021 compared to CNY 3,803,944,465.48 at the end of 2020[20] - Net assets attributable to shareholders rose by 9.99% to CNY 1,994,431,967.22 at the end of 2021 from CNY 1,813,245,871.92 at the end of 2020[20] - The company reported a total of CNY 6,505,421.34 in non-recurring gains and losses for 2021, compared to CNY 6,194,339.60 in 2020[25] Revenue Breakdown - Quarterly revenue for Q4 2021 reached CNY 385,703,371.40, marking a significant increase from CNY 179,890,867.24 in Q1 2021[21] - The water treatment sector generated ¥300,998,851.47, accounting for 25.82% of total revenue, with a year-on-year growth of 32.00%[67] - The solid waste treatment industry saw a significant increase in revenue to ¥193,412,343.83, up 304.44% from ¥47,822,292.22 in 2020[67] - Investment operation services revenue surged by 79.23% to ¥494,411,195.30, making up 42.42% of total revenue[67] - Revenue from the Shandong region increased by 46.65% to ¥425,148,365.60, while revenue from the Anhui region decreased by 21.84% to ¥366,614,893.07[67] Strategic Focus and Development - The company is focusing on expanding its environmental protection services and enhancing its technological capabilities[5] - Future development strategies include addressing operational risks and exploring new market opportunities[5] - The company has committed to continuous improvement in financial reporting and transparency to stakeholders[4] - The company has established a technology innovation system supported by provincial R&D platforms and partnerships with top universities, focusing on industrial wastewater, rural sewage, and sludge resource utilization[44] - The company aims to achieve intelligent and integrated sludge fermentation equipment, which is expected to reduce energy consumption and disposal costs[79] Market Opportunities and Trends - The urban sewage treatment rate reached 97.53%, with a projected investment of CNY 431.89 billion for upgrades during the 13th Five-Year Plan[29] - As of 2020, only 34.87% of towns had implemented sewage treatment, indicating a significant market opportunity for rural sewage treatment[30] - The total investment for the ecological restoration of major lakes during the 13th Five-Year Plan was CNY 1,176.87 billion, with ongoing efforts expected[31] - The urban population in China increased from 456 million in 2000 to 914 million in 2021, highlighting the growing demand for waste-to-energy projects[32] - The capacity of waste incineration plants in China reached 580,000 tons per day during the 13th Five-Year Plan, with an incineration treatment rate of approximately 45%[34] Government Policies and Support - The government has introduced multiple policies to support the development of waste incineration power generation, reflecting a strong commitment to the industry's long-term growth[40] - The market for solid waste treatment and resource utilization is expected to expand significantly, driven by the push for a green, low-carbon economy during the 14th Five-Year Plan[35] - The national goal for recycled water utilization is set to exceed 25% by 2025, with specific targets for urban areas and sensitive water regions[36] - The government aims to achieve a 90% harmless disposal rate for urban sludge by 2025, enhancing the overall waste management framework[36] Research and Development - The company has applied for a total of 106 patents and software copyrights, with 59 authorized, forming a technology system with independent intellectual property rights[43] - The company aims to establish a demonstration project for the efficient biological denitrification of low-carbon source wastewater with a daily treatment capacity of no less than 1,000 tons[82] - The company has increased its R&D personnel from 82 in 2020 to 93 in 2021, representing a growth of 13.41%[84] - R&D investment in 2021 amounted to approximately 27.21 million yuan, accounting for 2.33% of operating revenue[84] Corporate Governance - The company has established a complete and independent business system, ensuring independence in operations, personnel, assets, and finance[129] - The board of directors consists of 9 members, including 3 independent directors, and operates in accordance with relevant laws and regulations[130] - The company has a supervisory board with 3 supervisors, including 1 employee supervisor, ensuring compliance and oversight of major company matters[131] - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, aligning with legal requirements[132] Employee and Management Structure - The total number of employees at the end of the reporting period is 1,019, with 214 in the parent company and 805 in major subsidiaries[174] - The professional composition includes 494 production personnel, 24 sales personnel, 374 technical personnel, 59 financial personnel, and 68 administrative personnel[174] - The educational background of employees shows 3 with a doctorate, 51 with a master's degree, 253 with a bachelor's degree, 346 with an associate degree, and 366 below associate degree[175] Financial Management and Reporting - The company has established a comprehensive internal control system, including a governance structure with a board of directors, supervisory board, and management team to ensure effective operation and risk management[191] - The audit committee oversees the implementation of internal controls and conducts internal audits to assess the company's operational and financial status[192] - The company has enhanced its financial management through the implementation of an information system to improve the effectiveness of internal controls[200] Shareholder Engagement and Returns - The company implemented a cash dividend policy, distributing 0.5 CNY per 10 shares, totaling 21,187,521.95 CNY (including tax) for the year[189] - The total distributable profit for the year was 606,949,870.98 CNY, with the cash dividend amounting to 100% of the total profit distribution[189] - The company has a profit distribution policy that requires a minimum of 10% of the distributable profit to be distributed as cash dividends annually[182]

Financial Performance - The company's operating revenue for 2021 was CNY 1,165,594,971.51, representing a 22.67% increase compared to CNY 950,156,837.06 in 2020[20] - The net profit attributable to shareholders for 2021 was CNY 201,895,933.12, an increase of 27.99% from CNY 157,737,702.72 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 195,390,511.78, reflecting a growth of 28.93% compared to CNY 151,543,363.12 in 2020[20] - The net cash flow from operating activities was CNY 119,436,262.73, a significant improvement of 168.49% from a negative cash flow of CNY -174,377,868.43 in 2020[20] - The basic earnings per share for 2021 was CNY 0.4765, showing a slight increase of 0.06% compared to CNY 0.4762 in 2020[20] - The diluted earnings per share for 2021 was also CNY 0.4765, consistent with the basic earnings per share[20] - Total assets increased to CNY 5,393,449,614.61, a growth of 41.79% compared to the end of 2020[21] - Net assets attributable to shareholders reached CNY 1,994,431,967.22, reflecting a 9.99% increase from the previous year[21] - Quarterly revenue for Q4 2021 was CNY 385,703,371.40, with a total annual revenue of CNY 1,165,594,971.51[22] - Net profit attributable to shareholders for Q4 2021 was CNY 64,272,386.78, marking a significant increase compared to previous quarters[22] Investment and Growth - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders, based on a total of 423,750,439 shares[6] - The company successfully raised 864 million yuan through the issuance of convertible bonds, aimed at enhancing capital strength and supporting project implementation[63] - The company has established multiple partnerships with renowned universities and research institutions, enhancing its technology innovation capabilities[54] - The company has a sewage treatment capacity of 1 million tons per day and a waste treatment capacity of 3,000 tons per day, establishing a strategic and comprehensive industrial chain in water environment governance and solid waste resource utilization[43] - The company is focusing on the development of high-performance polymer denitrification agents to match or exceed market standards[82] Market Trends and Projections - The market for urban sewage treatment is projected to see an investment increase of CNY 431.89 billion during the "14th Five-Year Plan" period, a 215.25% increase from the previous plan[30] - The urbanization rate in China increased from 36.09% in 2000 to 64.72% in 2021, driving demand for waste-to-energy projects[33] - By 2025, the urban sewage treatment rate is expected to reach over 70%, with county-level treatment rates at 95%[37] - The government aims for a national wastewater reuse rate of over 25% by 2025, with specific targets for different regions, such as 35% in the Beijing-Tianjin-Hebei area[37] - The waste incineration power generation industry is expected to benefit significantly from national policies promoting carbon neutrality and waste management[41] Research and Development - The company has applied for a total of 106 patents and software copyrights, with 59 authorized, forming a technology system with independent intellectual property rights[44] - The company aims to achieve intelligent and integrated sludge fermentation equipment through its research project on high-temperature aerobic turning of sludge, which is expected to reduce energy consumption and disposal costs[80] - The company plans to apply for 2 invention patents and publish 6 academic papers related to low-carbon source wastewater efficient biological denitrification technology[83] - The company is collaborating with Hefei University of Technology to develop an integrated reactor for efficient ozone catalytic oxidation[83] - The company aims to explore key technical parameters for the treatment of municipal wastewater with low carbon-to-nitrogen ratios[81] Operational Efficiency and Management - The company has established a budget management system to ensure stable cash flow from franchise projects, which typically recover cash inflows over a 20-30 year period[125] - The company emphasizes the importance of internal risk control management for PPP projects to mitigate potential operational risks[121] - The company has a governance structure that ensures equal rights for all shareholders, particularly minority shareholders, in decision-making processes[131] - The company maintains independent operations in business, personnel, assets, institutions, and finance, ensuring complete separation from controlling shareholders[139] - The company has established a comprehensive financial accounting system and independent financial decision-making capabilities, with no shared bank accounts with controlling shareholders[142] Corporate Governance and Shareholder Engagement - The company held its annual shareholders' meeting with a participation rate of 42.78% on April 12, 2021, approving multiple key reports and proposals[145] - The company has a structured training program aimed at enhancing employee skills and capabilities, including various training initiatives for different career stages[181] - The company has established a multi-channel training system combining internal and external resources to improve employee competencies[181] - The company has a total of 1,231 employees receiving salaries during the reporting period[178] - The total remuneration paid to directors, supervisors, and senior management in 2021 amounted to 4.3859 million yuan[166] Sustainability and Social Responsibility - The company is committed to zero emissions in its leachate treatment process, utilizing advanced treatment technologies[48] - The company actively fulfills its social responsibilities, integrating them into its operational activities, particularly in wastewater treatment and waste-to-energy projects[199] - The company is committed to developing effective solutions for water environment engineering challenges through systematic research[81] - The company emphasizes corporate culture, promoting values such as "people-oriented" and "customer-first" to enhance team cohesion and operational effectiveness[200] - The company aims to enhance its sustainability practices, with a target of achieving a 30% reduction in carbon emissions by 2025[165]

Revenue and Profit - Revenue for Q3 2021 was CNY 299,003,730.06, a decrease of 3.60% compared to the same period last year, while year-to-date revenue increased by 20.03% to CNY 779,891,600.11[3] - Net profit attributable to shareholders for Q3 2021 was CNY 54,984,761.56, an increase of 25.78% year-on-year, and year-to-date net profit rose by 43.06% to CNY 137,623,546.34[3] - Total operating revenue for Q3 2021 reached ¥779,891,600.11, an increase of 20% compared to ¥649,723,431.83 in the same period last year[20] - Operating profit for the period was ¥162,566,556.56, up from ¥121,593,588.76, reflecting a growth of approximately 33.8%[21] - Net profit attributable to the parent company was ¥137,623,546.34, compared to ¥96,198,353.60 in the previous year, marking an increase of 43.2%[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 103,176,771.46, representing a significant increase of 212.37%[3] - The company's cash inflow from operating activities for the year-to-date period was CNY 906,725,007.69, a 100.01% increase year-on-year[9] - Cash flow from operating activities amounted to ¥906,725,007.69, significantly higher than ¥453,348,296.68 in the previous year, indicating a growth of 99.7%[22] - The net cash flow from operating activities was 103,176,771.46 CNY, a significant improvement compared to -91,816,328.23 CNY in the previous period[23] - The cash flow from operating activities excluding cash paid for investment in operating rights was 188,014,593.74 CNY, compared to 49,138,653.84 CNY in the previous period[23] Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 5,053,462,393.34, a 32.85% increase from the end of the previous year[3] - As of September 30, 2021, total assets reached CNY 5,053,462,393.34, an increase from CNY 3,803,944,465.48 at the end of 2020, representing a growth of approximately 32.8%[15] - The total liabilities increased to ¥2,876,035,965.55 from ¥1,795,929,182.78, representing a growth of 60%[18] - The company's non-current assets totaled CNY 3,995,185,643.09, an increase from CNY 2,766,798,360.54, marking a growth of around 44.4%[16] Shareholder Information - The company has a total of 32,653 ordinary shareholders as of the report date[12] - The top shareholder, Zhang Bozhong, holds 15.47% of the shares, amounting to 65,565,434 shares[12] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 269.54% to CNY 11,054,209.75, primarily due to an increase in raw material stock[8] - Accounts receivable decreased to CNY 262,369,439.37 from CNY 277,024,836.38, reflecting a decline of approximately 5.3%[16] Financing Activities - The company experienced a 896.95% increase in long-term payables, reaching CNY 550,719,652.35, mainly due to new financing lease obligations[9] - The cash inflow from financing activities totaled 1,528,316,432.61 CNY, up from 649,251,628.66 CNY in the previous period[24] - The company paid 612,247,832.83 CNY in debt repayments, compared to 334,006,428.64 CNY in the previous period[24] - The company reported a total cash outflow from financing activities of 1,069,778,490.78 CNY, compared to 467,098,611.25 CNY in the previous period[24] Research and Development - Research and development expenses for the quarter were ¥15,876,498.26, compared to ¥13,383,108.73, reflecting an increase of 18.6%[20] Future Plans - The company has ongoing plans for market expansion and new product development, although specific details were not disclosed in the report[13] - The company plans to issue convertible bonds to unspecified investors, with the application accepted by the Shenzhen Stock Exchange on August 11, 2021[13] Financial Performance Metrics - The company's basic earnings per share for Q3 2021 was CNY 0.13, an increase of 8.33% compared to the same period last year[3] - The weighted average return on equity for the year-to-date period was 7.31%, down by 2.50% from the previous year[3] - The company's basic earnings per share was ¥0.32, compared to ¥0.26 in the same quarter last year, representing a growth of 23.1%[22] - The total equity attributable to shareholders reached ¥1,933,302,015.10, up from ¥1,813,245,871.92, an increase of 6.6%[18] - The company's financial expenses rose to ¥70,793,634.06 from ¥47,550,210.33, an increase of 48.8%[20] Audit Information - The company did not undergo an audit for the third quarter report[25]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 480,887,870.05, representing a 41.63% increase compared to CNY 339,545,116.55 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 82,638,784.78, a 57.46% increase from CNY 52,482,323.81 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 80,181,540.76, up 56.37% from CNY 51,277,764.77 in the same period last year[20]. - Basic and diluted earnings per share increased to CNY 0.20, reflecting a 42.86% rise from CNY 0.14 in the same period last year[20]. - The company's revenue for the reporting period reached ¥480,887,870.05, representing a year-on-year increase of 41.63% due to growth in engineering contracting and investment operations[46]. - Operating costs increased to ¥309,376,920.76, a rise of 40.57%, primarily driven by the growth in business scale[46]. - The company reported a net income from financial products of ¥274.59 million from the raised funds[62]. - The total comprehensive income for the first half of 2021 was 84.7 million yuan, showing a significant increase compared to the previous period[185]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to -CNY 12,318,027.41, a 82.95% increase compared to -CNY 72,234,183.11 in the previous year[20]. - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of -¥12,318,027.41, an 82.95% improvement from the previous period[46]. - The company reported a net cash outflow from investment activities of ¥365,722,237.46, a significant increase of 409.75% compared to the previous period[47]. - Cash generated from financing activities increased to ¥358,448,448.28, reflecting an 822.32% growth due to expanded financing scale[47]. - The total investment amount during the reporting period reached ¥804,626,650.75, representing a significant increase of 298.48% compared to the previous year[56]. - The cash outflow for purchasing goods and services was 336,675,792.77 CNY, which is an increase from 295,863,117.98 CNY, showing a rise of about 13.8%[177]. - The cash inflow from financing activities totaled 724,916,311.96 CNY, compared to 400,349,030.25 CNY in the previous period, marking an increase of approximately 81%[178]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,923,101,495.17, a 29.42% increase from CNY 3,803,944,465.48 at the end of the previous year[20]. - The total liabilities reached CNY 2,801,430,855.20, up from CNY 1,795,929,182.78, indicating an increase of around 56.1%[161]. - Long-term borrowings rose to ¥771,360,680.57, representing 15.67% of total liabilities, an increase from 15.06%[54]. - The company's consolidated asset-liability ratio was 56.9% as of June 30, 2021, indicating a significant reliance on debt financing for its operations[73]. - The total amount of raised funds was ¥54,355.66 million, with ¥9,094.21 million invested during the reporting period and a cumulative investment of ¥47,241.91 million[61]. Business Operations and Strategy - The company operates in water environment governance, including municipal and industrial wastewater treatment, with a focus on providing comprehensive solutions[28]. - The company has multiple business models, including BOT, TOT, and PPP, to deliver investment, construction, and operational services[30]. - The company is positioned to benefit from increasing government support and stringent environmental regulations, which are expected to drive demand in the environmental protection industry[31]. - The company aims to enhance its service capabilities across the entire environmental protection industry chain, including consulting, engineering, and technology products[34]. - The company is actively involved in waste-to-energy projects, with a goal to increase the proportion of waste incineration in urban waste treatment to over 50% by 2020[33]. - The company is focused on expanding its market presence in ecological restoration and urban water body remediation[32]. - The company has formed strategic partnerships with institutions like the Chinese Academy of Sciences and Tongji University to advance research in wastewater treatment and resource utilization[39]. Environmental Compliance and Management - The company is classified as a key pollutant discharge unit by the environmental protection department, highlighting its commitment to environmental management[95]. - The company reported a total COD discharge of 518 tons for the first half of the year, with a concentration of 23.9 mg/l, exceeding the standard limit[95]. - The ammonia nitrogen discharge was recorded at 21.7 tons for the first half of the year, with a concentration of 1.00 mg/l, also exceeding the regulatory standards[95]. - The company operates under the GB18918-2002 standard for urban wastewater treatment, ensuring adherence to environmental regulations[95]. - The company has implemented continuous monitoring at its wastewater treatment facilities to ensure compliance with environmental standards[95]. - The company has received environmental approval for multiple wastewater treatment projects, ensuring compliance with local regulations[101]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has experienced significant changes in its board of directors, with several members leaving and new members being elected during the annual shareholders' meeting[89]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[92]. - The company’s major shareholder holds 37.97% of the total shares, indicating strong confidence in the company's long-term value[107]. - The company has committed to not reducing shareholdings for a specified period, ensuring stability in shareholder structure[106]. Research and Development - Research and development investment rose to ¥10,985,498.57, marking a 24.62% increase compared to the previous year[46]. - The company aims to increase its R&D budget by 20% in the upcoming fiscal year to support innovation and product development[186]. - The company has initiated research and development for new products aimed at increasing market competitiveness[190]. - The company is exploring new technologies and strategies to expand its market presence and improve operational efficiency[98]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[5]. - The company faces liquidity risks due to the high capital requirements of its investment and operation businesses, which may lead to cash flow challenges during the construction phase[73]. - The company acknowledges potential risks from management challenges due to its expanding scale and operational complexity[82]. - The company is subject to risks related to environmental compliance, especially with increasing national discharge standards[81].

Financial Performance - The company's operating revenue for Q1 2021 was ¥179,890,867.24, representing a 76.27% increase compared to ¥102,056,734.12 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was ¥32,102,743.27, a significant increase of 134.65% from ¥13,680,866.24 in the previous year[9] - The basic earnings per share for Q1 2021 was ¥0.14, up 75.00% from ¥0.08 in the same period last year[9] - The company achieved operating revenue of CNY 179.89 million in Q1 2021, a year-on-year increase of 76.27% driven by growth in engineering business and new projects in wastewater treatment and waste-to-energy operations[20] - The net profit attributable to shareholders reached CNY 32.10 million, representing a year-on-year growth of 134.65%[24] - Operating profit for Q1 2021 was CNY 38,130,287.40, representing a 113.5% increase from CNY 17,850,416.31 in the previous year[55] - Total operating revenue for Q1 2021 was CNY 53,894,696.07, an increase of 58.7% compared to CNY 33,957,953.59 in the same period last year[58] - Net profit for Q1 2021 reached CNY 33,826,556.21, up 134.5% from CNY 14,460,226.32 in Q1 2020[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,469,967,222.01, reflecting a 17.51% increase from ¥3,803,944,465.48 at the end of the previous year[9] - The total liabilities reached CNY 2,389,551,039.99, compared to CNY 1,795,929,182.78, which is an increase of about 33%[47] - Non-current assets totaled CNY 3,342,191,193.03, up from CNY 2,766,798,360.54, representing an increase of about 20.8%[48] - Current liabilities rose to CNY 1,017,553,101.23 from CNY 998,820,369.26, showing a slight increase of 0.7%[47] - Long-term borrowings increased significantly to CNY 794,844,870.63 from CNY 572,701,118.83, marking an increase of approximately 38.8%[47] - The equity attributable to shareholders of the parent company increased to CNY 1,845,348,615.21 from CNY 1,813,245,871.92, reflecting a growth of approximately 1.8%[48] Cash Flow - The net cash flow from operating activities improved to -¥32,686,600.70, a 62.36% improvement from -¥86,831,677.72 in the same period last year[9] - Total cash inflow from operating activities reached 247,363,280.93 CNY, while cash outflow was 280,049,881.63 CNY, resulting in a net cash flow deficit[63] - Cash flow from investment activities showed a net outflow of -258,933,139.44 CNY, significantly higher than -18,810,493.64 CNY in the previous period[64] - The net cash flow from financing activities was 250,714,920.09 CNY, a substantial increase from -7,194,846.08 CNY in the previous period[64] - The ending balance of cash and cash equivalents was 58,083,717.26 CNY, down from 66,429,522.98 CNY in the previous period[65] Shareholder Information - The top shareholder, Zhang Bozhong, holds 15.47% of the shares, totaling 34,508,123 shares[13] - The company has a total of 24,037 common shareholders at the end of the reporting period[13] Investment and R&D - Research and development expenses increased by 68.58% to CNY 5.03 million, reflecting higher investment in R&D initiatives[18] - The company has signed new energy-saving and environmental protection contracts worth CNY 107.16 million during the reporting period[21] - The company reported a significant increase in investment activity, with cash outflows for investment activities rising by 2361.73% to CNY 469.52 million[19] - The company made investments totaling 218,700,010.00 CNY, indicating a focus on growth and expansion despite cash flow challenges[64] Risk Management - The company is currently in a rapid expansion phase, which may lead to liquidity risks if not managed properly[25] - The average credit period for operational revenue is 3-4 months, with a risk of delayed collections despite a majority of clients being government entities[26] - The company emphasizes the importance of budget management and financial planning to ensure stable operating cash flow amidst project investments[29] - The company is committed to enhancing its management practices to mitigate risks associated with rapid growth and maintain steady development[30] - The company has not reported any environmental discharge exceedances during the reporting period, but risks remain due to external factors such as natural disasters[28] Fund Management - The total amount of raised funds is 54,355.66 million, with 3,912.14 million invested in the current quarter[36] - Cumulative investment from raised funds amounts to 42,059.84 million, with a utilization rate of 77.29%[36] - The company has not changed the use of raised funds, with no funds being redirected[36] - As of March 31, 2021, the company has unused raised funds totaling 12,445.15 million, with 12,371.42 million allocated for financial investments[37] - There are no significant changes in project feasibility or any major issues with the use of raised funds[36] Other Financial Metrics - The company's consolidated asset-liability ratio as of March 31, 2021, was 53.46%, indicating a significant reliance on debt financing for its operations[25] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[39] - The company reported a credit impairment loss of CNY -1,992,702.90 for Q1 2021, compared to CNY -1,894,173.44 in Q1 2020[54] - Financial expenses for Q1 2021 were CNY 17,512,421.94, slightly up from CNY 16,742,950.25 in the previous year[54] - Tax expenses for Q1 2021 amounted to CNY 4,372,891.04, an increase from CNY 3,390,189.86 in Q1 2020[55] - Other income for Q1 2021 was CNY 1,766,559.73, down from CNY 2,679,627.30 in the same period last year[54]

Financial Performance - The company's operating revenue for 2020 was ¥950,156,837.06, representing a 45.32% increase compared to ¥653,829,899.37 in 2019[16] - The net profit attributable to shareholders for 2020 was ¥157,737,702.72, a 62.43% increase from ¥97,112,077.23 in the previous year[16] - The basic earnings per share for 2020 was ¥0.90, up 47.54% from ¥0.61 in 2019[16] - The total assets at the end of 2020 reached ¥3,803,944,465.48, a 42.45% increase from ¥2,670,419,923.16 at the end of 2019[16] - The net assets attributable to shareholders increased by 94.44% to ¥1,813,245,871.92 from ¥932,560,143.72 in 2019[16] - The weighted average return on equity for 2020 was 13.84%, an increase from 12.19% in 2019[16] - The company reported a net profit of ¥151,543,363.12 after deducting non-recurring gains and losses, which is a 63.26% increase from ¥92,825,026.51 in 2019[16] Cash Flow and Dividends - The net cash flow from operating activities (excluding cash paid for investment in concession projects) was ¥110,446,800.12, a decrease of 29.12% from ¥155,830,088.71 in 2019[16] - The company plans to distribute a cash dividend of ¥0.8 per 10 shares, with a capital reserve conversion of 9 shares for every 10 shares held[5] - The cash dividend for 2020 represents 11.31% of the net profit attributable to the parent company, which is 157,737,702.72 CNY[123] - The total distributable profit for 2020 was 431,069,285.31 CNY, indicating a strong capacity for dividend distribution[117] - The company has consistently maintained a cash dividend policy, with the 2020 cash dividend being 100% of the distributable profit[117] Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately 102.06 million, 237.49 million, 310.18 million, and 300.43 million respectively, showing a strong growth trajectory throughout the year[18] - The engineering construction sector generated CNY 674.24 million, accounting for 70.96% of total revenue, with a growth of 45.03%[56] - The solid waste treatment sector reported revenue of CNY 47.82 million, marking its first contribution to overall revenue[56] - The water treatment industry generated revenue of ¥228,028,854.33 with a gross margin of 59.33%, reflecting a year-on-year increase of 20.80% in revenue and 4.54% in gross margin[57] Market and Growth Strategy - The company operates in water environment governance, providing comprehensive solutions for municipal and industrial wastewater treatment, which is a key growth area[26] - Future growth is expected to be driven by national policies supporting ecological civilization and environmental protection, which are anticipated to expand market capacity[30] - The company is focused on expanding its garbage incineration power generation and solid waste resource recovery business, which is crucial for sustainable development[27] - The company aims to enhance its service capabilities across environmental consulting, comprehensive environmental governance, and environmental engineering through both organic and external growth strategies[32] Research and Development - The company has multiple patents in various segments of environmental governance, positioning itself as a leader in the industry[26] - The company filed for 16 patents during the reporting period, including 10 invention patents, enhancing its technological capabilities[50] - Research and development expenses amounted to ¥24,307,806.76, which is 2.56% of the operating revenue[68] - The number of R&D personnel increased to 82, accounting for 9.94% of the total workforce[68] Environmental Compliance and Initiatives - The company has maintained compliance with environmental discharge standards, with no reported exceedances during the reporting period[101] - The company is classified as a key pollutant discharge unit by environmental protection authorities[177] - The company reported a total annual pollutant discharge of 65.55 tons for TN and 3.4 tons for TP, adhering to Class A discharge standards[178] - The company has established emergency response plans for environmental incidents in compliance with regulations, ensuring preparedness for potential environmental emergencies[184] Risks and Management - The company has acknowledged potential risks in its future development and has outlined countermeasures in its report[5] - The company faces management risks due to its expanding scale and diverse business operations, necessitating timely adjustments in management practices[102] - The company is facing various risks, including changes in tax policies and accounts receivable recovery, which may impact business development[132] Shareholder and Governance - The company has a profit distribution policy that mandates a minimum cash dividend of 10% of the distributable profit for the year[111] - The profit distribution proposal requires the approval of more than 2/3 of independent directors and must be submitted to the shareholders' meeting for review[127] - The company emphasizes the importance of listening to the opinions of independent directors and minority shareholders regarding profit distribution[127] - The company has committed to not engaging in unfair benefit transfers or activities unrelated to their responsibilities[134] Financing and Investments - The company raised CNY 550 million through a private placement to support various projects and improve liquidity[51] - The company has committed investment projects totaling CNY 54,355.66 million, with a cumulative investment of CNY 38,147.7 million, achieving 70.1% of the planned investment[88] - The company has utilized CNY 8,000 million for working capital, achieving 100% of the planned investment[88] Strategic Partnerships and Acquisitions - The company plans to acquire a stake in Shanghai Longdie New Energy Technology Co., Ltd., indicating a strategy for market expansion and diversification[187] - The company is exploring potential mergers and acquisitions to enhance its service offerings and expand its operational footprint[179] Share Structure and Changes - The total number of shares increased from 164,644,791 to 223,026,547 due to the conversion of convertible bonds and the non-public issuance of shares[196] - The convertible bonds "Zhonghuan Convertible Bonds" were fully redeemed by December 15, 2020, and were delisted on December 23, 2020[192] - The company’s major shareholders complied with the commitments made during the IPO regarding the release of shares[193]