Financial Performance - Total revenue for Q1 2020 was ¥74,744,470.89, a decrease of 18.13% compared to ¥91,301,598.63 in the same period last year[8]. - Net profit attributable to shareholders was ¥1,512,827.05, down 91.10% from ¥17,002,519.60 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥1,204,002.88, a decline of 92.83% compared to ¥16,795,120.56 in the previous year[8]. - Basic earnings per share decreased by 91.30% to ¥0.02 from ¥0.23 in the same period last year[8]. - Operating profit for the current period is ¥5,403,721.19, down 73.7% from ¥20,487,153.99 in the previous period[72]. - Net profit for the current period is ¥4,313,823.83, a decline of 76.1% compared to ¥17,878,970.47 in the previous period[72]. - Total operating revenue for the first quarter was CNY 74,744,470.89, a decrease from CNY 91,301,598.63 in the previous period[62]. - Total operating revenue for the current period is ¥71,945,527.65, a decrease of 19.8% from ¥89,730,582.97 in the previous period[72]. Assets and Liabilities - Total assets at the end of the reporting period were ¥868,503,098.04, a decrease of 5.77% from ¥921,689,154.22 at the end of the previous year[8]. - Total liabilities decreased by 43.90% to CNY 23 million due to the expiration of notes payable from the previous year and fewer notes issued in Q1[21]. - Total liabilities amounted to CNY 213,295,445.67, down from CNY 263,900,741.95 year-over-year[60]. - Total assets decreased to CNY 877,717,521.76 from CNY 924,008,994.22 compared to the previous year[60]. - The total amount of raised funds during the reporting period is CNY 29,821.23 million, with no changes in usage[33]. - The total cash and cash equivalents decreased by 52,336,243.93 RMB in Q1 2020, compared to a decrease of 1,372,445.50 RMB in the same period last year[82]. Cash Flow - The net cash flow from operating activities was negative at -¥20,264,002.14, a decline of 196.60% compared to ¥20,976,208.48 in the same period last year[8]. - Cash inflow from operating activities is ¥54,874,509.26, down 42.3% from ¥95,069,274.61 in the previous period[76]. - The company reported a cash inflow from financing activities of 1,580,000.00 RMB, compared to 17,990,228.12 RMB in the previous year[82]. - The cash outflow for investing activities was 11,779,757.87 RMB, compared to 10,538,156.38 RMB in Q1 2019[79]. - The net cash flow from investing activities was -11,779,757.87 RMB, a decline from -10,530,359.48 RMB in the same quarter last year[79]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,228[12]. - Net assets attributable to shareholders increased slightly by 0.28% to ¥650,761,421.32 from ¥648,939,964.21 at the end of the previous year[8]. - The company's total equity increased to CNY 664,422,076.09 from CNY 660,108,252.27 year-over-year[60]. - Total equity attributable to shareholders was ¥648,939,964.21, including undistributed profits of ¥128,678,035.85[93]. Government Support and Subsidies - The company received government subsidies amounting to ¥1,179,709.28 during the reporting period[8]. - Other income increased by 131.90% to CNY 1.06 million, due to increased government subsidies and rewards[21]. Research and Development - R&D expenses increased by 64.08% to CNY 5.20 million, driven by increased investment in research and development[21]. - Research and development expenses increased to ¥4,497,606.73, up 53.3% from ¥2,940,142.54 in the previous period[72]. Operational Challenges - The company anticipates a significant impact on financial status and operating results due to uncertainties from the COVID-19 pandemic[38]. - The company reported a loss of CNY 250.9 million in the industrial solid waste project due to low operational rates caused by the pandemic[33]. Compliance and Reporting - The company has not reported any violations regarding external guarantees during the reporting period[39]. - The first quarter report for 2020 was not audited[98]. - The company has implemented the revised Accounting Standards for Revenue since January 1, 2020, affecting financial reporting[95].

Financial Performance - Net profit attributable to shareholders was ¥9,608,680.45, a decrease of 19.14% year-on-year[8]. - Operating revenue for the period was ¥86,624,999.59, reflecting an 8.77% increase compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was ¥9,440,544.74, down 17.70% year-on-year[8]. - Basic earnings per share were ¥0.10, a decrease of 37.50% compared to the same period last year[8]. - The weighted average return on equity was 1.47%, down 2.51% year-on-year[8]. - Total operating revenue for Q3 2019 was CNY 86,624,999.59, an increase of 8.4% compared to CNY 79,642,579.90 in the same period last year[55]. - Net profit for Q3 2019 was CNY 9,608,680.45, a decrease of 19.1% from CNY 11,883,316.70 in Q3 2018[57]. - Earnings per share for Q3 2019 was CNY 0.10, down from CNY 0.16 in the same quarter last year[61]. - Net profit for the current period was ¥39,692,713.41, slightly down from ¥40,161,399.92, reflecting a decrease of approximately 1.2%[72]. - Comprehensive income totalled ¥39,734,259.37, compared to ¥40,223,789.65 in the previous period, showing a decline of about 1.2%[72]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥886,088,965.55, an increase of 35.51% compared to the end of the previous year[8]. - Cash and cash equivalents increased by 297.12% to ¥177,752,594.53 from ¥44,760,410.12, primarily due to the receipt of raised funds[21]. - Inventory rose by 55.78% to ¥43,626,005.04 from ¥28,004,425.91, mainly for fourth-quarter stocking and normal production inventory after the commencement of the Jiujiang investment project[21]. - Fixed assets increased by 48.58% to ¥318,168,437.01 from ¥214,145,470.50, primarily due to construction projects reaching usable status[21]. - Non-current assets totaled CNY 454,875,695.60, an increase of 5.1% from CNY 433,205,487.06 year-over-year[37]. - Current liabilities decreased to CNY 177,273,895.94 from CNY 259,624,021.91, a reduction of 31.6%[40]. - Total liabilities amounted to CNY 240,267,038.07, down from CNY 325,993,816.77, indicating a decline of 26.3%[40]. - Owner's equity increased significantly to CNY 645,821,927.48 from CNY 327,875,403.96, representing a growth of 96.9%[44]. - The company reported a total asset value of ¥653,869,220.73, unchanged from the previous reporting period[94]. - The total liabilities amounted to ¥233,000,000.00, reflecting a stable financial position[94]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥57,912,753.77, an increase of 279.19%[8]. - Net cash flow from operating activities increased by 279.19% to ¥57,912,753.77 from ¥15,272,792.32, attributed to increased sales revenue and collections[25]. - Cash inflow from financing activities was ¥361,840,000.00, up from ¥65,156,107.18 in the previous year[88]. - Cash outflow from financing activities increased to ¥143,127,310.20 from ¥64,109,219.06 last year[88]. - Total cash inflow from operating activities reached ¥243,691,266.32, up 39.0% from ¥175,312,977.56 in the previous period[85]. Research and Development - Research and development expenses increased by 73.49% to ¥13,776,062.82 from ¥7,940,522.65, mainly due to increased research and development expenditures[24]. - Research and development expenses increased to CNY 5,686,424.81 in Q3 2019, compared to CNY 3,264,387.86 in Q3 2018, reflecting a growth of 74.1%[55]. - Research and development expenses increased significantly to ¥13,077,949.63, up 64.5% from ¥7,940,522.65 in the previous period[74]. Shareholder Information - The top shareholder, Zhang Xinguo, holds 17.06% of the shares, totaling 17,060,250 shares[13]. - The company issued 25 million new shares, increasing capital reserve by 215.59% to ¥399,939,039.40 from ¥126,726,775.25[21]. - The capital reserve increased to CNY 399,939,039.40 from CNY 126,726,775.25, reflecting a growth of 215.5%[44]. Government Support - The company received government subsidies amounting to ¥1,792,002.52, which included various innovation and research grants[8]. - Other income rose by 51.08% to ¥2,361,954.12 from ¥1,563,340.73, primarily due to increased government subsidies and rewards[24].

Financial Performance - Total revenue for the first half of 2019 was CNY 171,404,762.23, an increase of 11.88% compared to CNY 153,207,405.01 in the same period last year[27]. - Net profit attributable to shareholders was CNY 30,084,032.96, reflecting a growth of 6.39% from CNY 28,278,083.22 year-on-year[27]. - The basic earnings per share remained stable at CNY 0.38, unchanged from the previous year[27]. - The company's operating revenue for the reporting period was ¥171,404,762.23, an increase of 11.88% compared to ¥153,207,405.01 in the same period last year[63]. - Operating costs rose to ¥105,670,149.26, reflecting a 14.41% increase due to higher sales volume[63]. - The company reported a net profit of -368.03 million from its subsidiary, Jiujiang Huicheng, with sales revenue of 115.80 million during the reporting period[91]. - The company reported a total revenue of 1,612,634.80 million for the period ending November 14, 2020, showing a significant increase compared to previous periods[119]. - The company reported a total revenue of 8,754 million for the period ending February 1, 2021, indicating a significant growth compared to previous periods[127]. Cash Flow and Assets - Net cash flow from operating activities surged by 269.54% to CNY 44,158,048.40, compared to CNY 11,949,354.96 in the previous year[27]. - Cash and cash equivalents increased by 308.79 million yuan, primarily due to received fundraising[49]. - The company reported a net increase in cash and cash equivalents of ¥311,780,186.69, a staggering 6,816.35% increase, primarily due to cash flow from operating and financing activities[66]. - The total assets increased significantly, with cash and cash equivalents accounting for 36.32% of total assets at the end of the reporting period[70]. - As of June 30, 2019, the total assets of Qingdao Huicheng Environmental Technology Co., Ltd. reached RMB 973,427,577.82, an increase from RMB 653,869,220.73 as of December 31, 2018, representing a growth of approximately 48.9%[194]. - The company's current assets totaled RMB 506,383,317.09, significantly up from RMB 220,663,733.67 in the previous year, indicating a growth of about 129.0%[196]. - Cash and cash equivalents increased to RMB 353,545,364.35 from RMB 44,760,410.12, marking a substantial rise of approximately 692.5%[194]. - Accounts receivable decreased to RMB 96,722,449.71 from RMB 128,025,239.26, reflecting a decline of about 24.4%[194]. - Total liabilities decreased to RMB 317,227,675.31 from RMB 325,993,816.77, showing a reduction of about 2.3%[199]. Investments and R&D - R&D expenses for the first half of 2019 were 8.09 million yuan, a 73% increase from 4.68 million yuan in the same period last year[59]. - The company aims to invest 3-4% of annual sales revenue into R&D to enhance hazardous waste resource utilization technology and develop high-value-added products[94]. - Research and development expenditures have increased by 25% year-over-year, emphasizing the commitment to innovation and technology advancement[127]. - New product development efforts were highlighted, with investments totaling 1,557,599.04 million in research and innovation initiatives[119]. Business Operations and Strategy - The company provides waste catalyst treatment and disposal services, focusing on resource recycling and environmental protection[39]. - The company has established a nationwide sales network centered in Shandong, covering North China, Northeast, Southeast, and Central China, and has successfully entered overseas markets[40]. - The company aims for rapid and sustainable development by adapting to industry changes and enhancing its operational capabilities[48]. - The company is actively seeking overseas market cooperation to broaden its sales regions[58]. - The company has established a technical service center to provide tailored solutions and comprehensive technical support to clients[53]. - The company emphasizes continuous innovation in hazardous waste resource utilization technology to enhance product value and recycling rates[46]. - The company’s business model aligns with national policies promoting circular economy and waste resource utilization[46]. Shareholder Information - The total number of shares for the dividend distribution was based on 100,000,000 shares[99]. - The total number of common shareholders at the end of the reporting period was 20,198[170]. - The largest shareholder, Zhang Xinguang, holds 17.06% of the shares, totaling 17,060,250 shares[170]. - The second-largest shareholder, Daobojia Mei Limited, holds 13.31% of the shares, totaling 13,310,250 shares[170]. - The third-largest shareholder, Qingdao Huicheng Xinde Investment Co., Ltd., holds 10.83% of the shares, totaling 10,828,500 shares[170]. Risks and Challenges - The company is affected by external factors such as environmental policies, international crude oil price fluctuations, and internal factors like technological R&D and market expansion capabilities[48]. - The company is facing risks related to high accounts receivable relative to revenue, which could lead to bad debt if clients' financial conditions deteriorate[95]. - The company emphasizes the importance of attracting and retaining professional talent to support its business expansion and maintain team stability[95]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 2 per 10 shares, totaling CNY 20,000,000 based on 100,000,000 shares[5]. - The company distributed a cash dividend of 2.00 CNY per 10 shares, totaling 20,000,000 CNY, which represents 100% of the distributable profit[99]. - The company reported a distributable profit of 137,543,976.89 CNY for the period[99]. Miscellaneous - There were no significant litigation or arbitration matters reported during the period[105]. - The company did not engage in any related party transactions during the reporting period[113]. - The company has not made any significant asset or equity sales during the reporting period[88][89]. - The company has not experienced any changes in the committed investment projects during the reporting period[83].