Financial Performance - Revenue for Q3 2022 was CNY 111,299,337.82, a decrease of 44.98% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 9,200,270.16, down 86.02% year-on-year[5] - Basic earnings per share decreased by 85.71% to CNY 0.04[5] - Total operating revenue for Q3 2022 was ¥382,482,731.18, a decrease of 36.6% compared to ¥603,351,806.08 in the same period last year[19] - Net profit for Q3 2022 was ¥74,190,340.72, a decline of 61.3% from ¥191,332,421.05 in Q3 2021[20] - Earnings per share for Q3 2022 were ¥0.31, compared to ¥0.81 in the same quarter last year, reflecting a 61% decrease[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,328,318,924.15, a slight decrease of 0.15% from the previous year[5] - Total liabilities as of Q3 2022 amounted to ¥257,213,825.26, down from ¥318,693,427.24 at the end of the previous year[19] - The total amount of current liabilities was ¥207,660,697.90, a decrease of 24.3% from ¥274,534,427.48 in the same period last year[19] - The total non-current assets increased to ¥396,833,859.73 from ¥268,306,722.88 at the beginning of the year[16] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -45,687,980.49, a decrease of 21.79% compared to the same period last year[10] - The total cash inflow from operating activities for the period was CNY 430,581,552.52, a decrease of 13.4% compared to CNY 497,075,740.33 in the previous period[21] - The net cash outflow from operating activities was CNY -45,687,980.49, worsening from CNY -37,514,355.67 in the same period last year[21] - Cash inflow from investment activities totaled CNY 2,612,984,040.27, down from CNY 2,782,642,971.49 year-over-year[21] - Cash outflow from financing activities was CNY 39,473,294.65, compared to CNY 146,008,532.67 in the same period last year, indicating a reduction of 73.0%[22] - The net increase in cash and cash equivalents was CNY 93,099,855.01, recovering from a decrease of CNY -132,598,703.35 in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,526[12] - The largest shareholder, Zhang Guangsheng, holds 39.26% of the shares, totaling 93,600,000 shares[12] - The company has a total of 3,200,000 shares held in a repurchase special securities account, which are not included in the top 10 shareholders[13] Government Support and Subsidies - The company reported a significant reduction in government subsidies, impacting overall revenue[10] - Other income decreased by 39.35% to CNY 18,063,552.72, reflecting reduced government support[10] Research and Development - Research and development expenses for Q3 2022 were ¥45,619,555.23, up 7.9% from ¥42,357,145.80 in Q3 2021, indicating continued investment in innovation[19] Inventory and Financial Assets - Inventory increased by 38.04% to CNY 184,226,711.21, attributed to the rising costs of unfinished projects[9] - The company experienced a 34.24% decrease in trading financial assets, primarily due to unredeemed bank structured deposits[9] Other Information - The company established the Qingshan Ecological Environment Monitoring Technology Research Institute in September 2022 to support the development of environmental monitoring technology[14] - The third-quarter report was not audited, indicating that the figures may be subject to change upon final review[23] - The deferred income tax liabilities remained unchanged, indicating stable tax planning strategies[19] - The company has not disclosed any new product developments or market expansion strategies in the report[23]

证券代码：300800 证券简称：力合科技 公告编号：2022-047 力合科技（湖南）股份有限公司 关于参加 2022 年湖南辖区上市公司投资者 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、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，力合科技（湖南）股份有限公司（以下简称 "公司"）将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会与深 圳市全景网络有限公司联合举办的"湖南辖区上市公司 2022 年投资者网上集体接待 日活动"，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互联网 平台，采取网络远程的方式举行。投资者可以登录"全景·路演天下"网站 （http://rs.p5w.net）参与公司本次投资者网上集体接待日活动，活动时间为 2022 年 9 月 29 日（星期四）下午 15:30 至 16:55。 届时公司董事会秘书、证券事务代表将通过网络在线形式与投资者进行沟通与交 流。 欢迎广大投资者积极参与。 特此公告。 力合科技（湖南）股份有限公司董事会 2022 年 9 月 23 日 ...

Financial Performance - The company's operating revenue for the reporting period was ¥271,183,393.36, a decrease of 32.38% compared to the same period last year[25]. - The net profit attributable to shareholders was ¥64,990,070.56, down 48.22% year-on-year[25]. - The net profit after deducting non-recurring gains and losses was ¥54,141,954.91, reflecting a decline of 49.97% compared to the previous year[25]. - The net cash flow from operating activities was -¥88,409,250.83, a decrease of 37.44% from the same period last year[25]. - Basic and diluted earnings per share were both ¥0.27, down 49.06% year-on-year[25]. - The total assets at the end of the reporting period were ¥2,292,375,194.17, a decrease of 1.69% from the end of the previous year[25]. - The net assets attributable to shareholders increased by 2.18% to ¥2,057,142,956.19 compared to the end of the previous year[25]. - The gross profit margin for the environmental monitoring system segment was 47.05%, with a significant decrease of 0.39% compared to the previous year[61]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[3]. - The report indicates that all board members attended the meeting to review the report[3]. - The company has a dedicated contact for investor relations, ensuring transparency and communication[21]. - The company held its annual general meeting on May 30, 2022, with an investor participation rate of 54.56%[95]. - The financial statements for the reporting period were approved by the board of directors on August 26, 2022[181]. Research and Development - The company has accumulated 234 patents, including 85 invention patents, and has established a national engineering research center for advanced water pollution monitoring technology[40]. - The company has a strong R&D team with expertise across multiple disciplines, ensuring its leading position in the industry[52]. - The company emphasizes the importance of independent innovation in its technology development strategy, supported by a strong R&D team and extensive field application experience[88]. - The company aims to enhance its research and development efforts to innovate new technologies and products[172]. Market Position and Strategy - The company operates in the environmental monitoring equipment sector, focusing on the development, production, and sales of monitoring systems[33]. - Recent government policies have provided strong support for the growth of the environmental monitoring equipment industry, indicating a favorable market outlook[34]. - The company is positioned to benefit from the expansion of monitoring requirements and the integration of new technologies in environmental monitoring[35]. - The company is actively exploring new business growth points in air and gas monitoring, establishing several demonstration projects to expand market share[53]. - The company plans to enhance its core products and software for third-party testing and environmental monitoring consulting services, with a focus on expanding into municipal, industrial park, and pollution source enterprises[89]. Environmental Initiatives - The company emphasizes the importance of environmental monitoring and compliance in its operations[16]. - The company has developed a TOC water quality automatic monitoring instrument and a petroleum automatic monitoring instrument that complies with national standards, successfully applied in emergency monitoring events[39]. - The company has conducted automatic water quality monitoring along 2,688 kilometers of the Yangtze River, collecting nearly 150,000 water quality monitoring data points[41]. - The company has established a prevention and control system for heavy metals like thallium and antimony in the Xiangjiang River Basin, demonstrating significant nationwide impact[43]. - The company is actively responding to emergency monitoring needs for water pollution incidents, providing critical support for rapid response and remediation efforts[41]. Financial Management - The cash flow from operating activities showed a net outflow of ¥88,409,250.83, a decrease of 37.44% compared to the previous year's outflow of ¥64,326,481.79[59]. - The total amount of raised funds was ¥92,800.79 million, with ¥64,951.86 million already utilized, leaving ¥31,321.89 million unspent[76]. - The company has not changed the purpose of the raised funds, maintaining a 0.00% change in usage[76]. - The company has cumulatively used RMB 661 million of idle raised funds for cash management, with RMB 306 million in unexpired structured deposits[80]. - The company has approved the use of up to RMB 325 million of idle raised funds for cash management, allowing for the purchase of safe, liquid, and short-term investment products[80]. Risks and Challenges - The company has outlined potential risks and corresponding mitigation strategies in the management discussion section[3]. - The company faces risks related to intensified market competition, which may lead to slower sales revenue growth and declining profit margins[88]. - The company acknowledges the risk of not meeting expectations in new market and business model developments, as its current offerings are still in the exploration phase[89]. Shareholder Information - The company reported a total of 238,400,000 shares outstanding, with 39.26% held by major shareholder Zhang Guangsheng[131]. - The total number of shareholders at the end of the reporting period was 11,872[133]. - The company has no plans for share repurchase or significant changes in shareholding structure[132]. - The company has not reported any significant changes in its major controlling or participating companies during the reporting period[86]. Future Outlook - Future plans and forward-looking statements are included but do not constitute a commitment to investors[3]. - The company plans to extend the completion deadlines for several projects, including the "Environmental Monitoring System Expansion Project" and "Research and Development Center Construction Project," to June 2024 due to delays caused by COVID-19 and market conditions[79]. - The company plans to continue expanding its market presence and investing in new product development to drive future revenue growth[176]. - Future guidance indicates a continued upward trend in revenue and profitability, supported by strategic investments and market expansion efforts[176].

Financial Performance - The company's revenue for Q1 2022 was ¥128,455,628.90, a decrease of 24.79% compared to ¥170,797,859.71 in the same period last year[4] - Net profit attributable to shareholders was ¥36,025,015.02, down 36.77% from ¥56,976,569.87 year-on-year[4] - The total profit for Q1 2022 was CNY 40,781,861.36, down 37.5% from CNY 65,230,190.37 in the same period last year[22] - Operating profit for Q1 2022 was CNY 40,726,950.00, a decline of 37.5% from CNY 65,197,067.49 in Q1 2021[22] - Basic and diluted earnings per share were both ¥0.15, a decrease of 37.50% from ¥0.24 in the same period last year[4] Cash Flow - The net cash flow from operating activities was -¥114,435,385.79, representing a decline of 56.50% compared to -¥73,123,109.33 in the previous year[4] - Cash inflow from investment activities in Q1 2022 was CNY 745,062,256.99, down from CNY 945,463,627.99 in Q1 2021[25] - Cash outflow from investment activities in Q1 2022 was CNY 789,169,779.19, compared to CNY 950,572,975.67 in the previous year[25] - The net cash flow from financing activities in Q1 2022 was negative CNY 1,145,230.00, compared to negative CNY 101,056,520.00 in Q1 2021[26] - The ending cash and cash equivalents balance for Q1 2022 was CNY 408,629,642.33, an increase from CNY 345,751,212.33 in Q1 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,277,448,482.67, down 2.34% from ¥2,331,900,092.82 at the end of the previous year[4] - The total liabilities decreased to CNY 221,073,993.25 from CNY 318,693,427.24, a reduction of 30.6%[19] - The company's cash and cash equivalents decreased to CNY 426,212,195.19 from CNY 584,921,117.68 at the beginning of the year, representing a decline of 27%[17] - Accounts receivable increased to CNY 421,219,883.76 from CNY 374,246,455.99, indicating a rise of 12.5%[17] - Inventory rose to CNY 152,057,153.24 from CNY 133,460,547.38, reflecting an increase of 13.9%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,909[11] - The largest shareholder, Zhang Guangsheng, holds 39.26% of the shares, totaling 93,600,000 shares[11] Other Financial Metrics - The weighted average return on equity was 1.77%, down 1.25% from 3.02% in the same period last year[4] - The company reported a significant increase in credit impairment losses, amounting to ¥9,944,407.08, compared to a gain of -¥1,819,446.68 in the previous year[10] - The impact of COVID-19 has caused delays in project construction and installation, affecting the company's performance in Q1 2022[14] - The company is focusing on new product development and market expansion strategies to recover from the current downturn[14]

Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[5]. - The total share capital for the dividend distribution is 23.84 million shares, adjusted for any shares held in the company's repurchase account[5]. - The company plans to distribute cash dividends of RMB 1.50 per 10 shares, amounting to a total cash dividend of RMB 128,496,082.57, which represents 100% of the total profit distribution[154]. - The total distributable profit for the year is RMB 947,178,639.94, indicating a strong profitability position[154]. - The company has committed to a stable profit distribution policy, ensuring that cash dividends will not be less than 10% of the distributable profits achieved in the year[174]. - The company plans to adopt a cash dividend distribution method, prioritizing cash dividends when conditions permit[174]. - The company plans to allocate at least 20% of its profit distribution to cash dividends during profit distribution decisions[175]. Financial Performance - The company's operating revenue for 2021 was ¥907,815,016.67, representing a 17.24% increase compared to ¥774,353,168.49 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥254,615,539.50, a decrease of 2.55% from ¥261,272,848.24 in 2020[20]. - The net cash flow from operating activities decreased by 54.89% to ¥102,522,398.43 in 2021, down from ¥227,256,587.51 in 2020[20]. - The total assets at the end of 2021 were ¥2,331,900,092.82, a slight increase of 0.41% from ¥2,322,309,962.23 at the end of 2020[20]. - The net assets attributable to shareholders increased by 7.01% to ¥2,013,206,665.58 at the end of 2021, compared to ¥1,881,365,427.79 at the end of 2020[20]. - The company reported a basic earnings per share of ¥1.08 for 2021, a decrease of 1.82% from ¥1.10 in 2020[20]. - The company’s total revenue for 2021 reached ¥907,815,016.67, representing a year-on-year increase of 17.24% compared to ¥774,353,168.49 in 2020[67]. - The environmental monitoring system contributed ¥515,798,535.86, accounting for 56.82% of total revenue, with a growth of 12.09% from the previous year[67]. - The operating services segment saw a revenue increase of 22.62%, totaling ¥324,156,932.38, which represents 35.71% of total revenue[67]. - The company achieved a gross profit margin of 43.92% in the instrument manufacturing industry, down 5.07% from the previous year[69]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its technological capabilities through new product development[15]. - The company anticipates growth opportunities in the environmental monitoring equipment market due to supportive government policies and increasing market demand[28]. - The company is actively expanding its third-party testing market and has introduced innovative solutions for urban environmental monitoring and industrial park ecological services[37]. - The company has established seven business regions across China, enhancing its market competitiveness through a well-structured marketing and operational service system[56]. - The company plans to expand its market presence by entering two new provinces in 2022, aiming for a 15% increase in market share[126]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[177]. Research and Development - The company has established a strong R&D capability, supported by various research centers, and emphasizes independent innovation and technology development[30]. - The company has developed over 100 automatic monitoring technologies for water quality, significantly enhancing its operational capabilities and service offerings[36][37]. - The company has developed a "5G + AI + VR" smart water environment monitoring solution, which has been demonstrated in multiple provinces and recognized as a pilot demonstration project by the Ministry of Industry and Information Technology[54]. - The company is investing 200 million yuan in R&D for new technologies over the next two years, focusing on AI and machine learning[177]. - The company has allocated 5 million for research and development in 2022, focusing on innovative technologies in environmental protection[126]. - The company aims to enhance customer engagement through improved service offerings, expecting a 20% increase in customer satisfaction scores[185]. Governance and Management - The management team has confirmed the accuracy and completeness of the financial report, ensuring no false statements or significant omissions[4]. - All board members attended the meeting to review the annual report, indicating strong governance and oversight[4]. - The company has a governance structure that includes a shareholder meeting, board of directors, and supervisory board, all operating independently[121]. - The company’s board of directors and management structure is compliant with legal regulations, ensuring independence from controlling shareholders[121]. - The company has established specialized committees to oversee various aspects of governance and management, ensuring effective decision-making[145]. - The company has a complete operational system that allows it to independently manage research, procurement, sales, and operations[122]. Risks and Challenges - The company acknowledges potential risks including industry policy changes, intensified market competition, and management risks associated with project implementation and business expansion[5]. - The company recognizes the potential risks from policy changes and increased market competition, which could impact sales growth and profit margins[109]. - The company is actively developing third-party testing and environmental monitoring consulting services, with ongoing market exploration, although large-scale application has not yet been achieved, posing a risk of unmet market development expectations[110]. - The expansion of asset and business scale due to fundraising projects will require enhanced operational management and internal controls, with potential management risks if the company fails to optimize its organizational structure and increase talent reserves[111]. Environmental Commitment - The company is committed to providing objective, accurate, and reliable environmental monitoring data to clients[12]. - The company has achieved significant improvements in water quality in regions such as the Baiyangdian watershed, elevating overall water quality to Class III[46]. - The company is focusing on carbon emission monitoring solutions to meet the new demands arising from carbon peak and carbon neutrality goals[53]. - The company has made significant advancements in technology, including the development of core detectors and a fully automated water quality detection AI laboratory, which can analyze over 500 samples daily[62]. - The company has committed to sustainability initiatives, with plans to reduce carbon emissions by 30% by 2025[178]. Employee and Talent Development - The total number of employees at the end of the reporting period was 960, with 901 in the parent company and 59 in major subsidiaries[149]. - The company emphasizes talent development as a key resource, implementing training programs to improve the professional skills of its workforce[107]. - The company has established a comprehensive training system to enhance employee skills and adapt to business needs, including various training formats[152]. - The professional composition includes 562 field technical personnel, 136 technical personnel, and 91 sales personnel[150]. Financial Management and Internal Controls - The company has established an independent financial department with a complete accounting system and independent tax obligations[120]. - The internal control evaluation report was disclosed on April 22, 2022, confirming effective internal controls in all significant aspects[161]. - There were no major internal control deficiencies identified during the internal control evaluation for the reporting period[159]. - The company maintained effective internal control over financial reporting as of December 31, 2021[165]. Social Responsibility - The company donated a total of 259,600 RMB for social welfare, including 100,200 RMB in epidemic prevention materials and 40,000 RMB for poverty alleviation[171].

Financial Performance - The company's operating revenue for Q3 2021 was ¥202,302,146.22, a decrease of 12.28% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥65,825,848.90, down 8.10% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥56,103,838.00, a decline of 11.40% compared to the previous year[3]. - The total operating revenue for the third quarter of 2021 was CNY 603,351,806.08, an increase of 11.3% compared to CNY 541,879,296.55 in the same period last year[22]. - The net profit for the third quarter was CNY 191,332,421.05, representing a slight increase from CNY 189,367,903.41, which is a growth of 1%[24]. - The basic and diluted earnings per share for the period were both CNY 0.81, compared to CNY 0.79 in the previous year[25]. Cash Flow and Investments - The net cash flow from operating activities was -¥37,514,355.67, a significant decrease of 191.53% compared to the same period last year[11]. - The company reported a significant increase in investment activities, with a net cash flow of ¥50,924,184.99, up 119.08% year-on-year[11]. - Cash inflow from investment activities totaled 2,782,642,971.49, significantly higher than 1,068,797,233.86 in the prior period[28]. - The net cash flow from investment activities improved to 50,924,184.99 from -266,838,836.62 year-over-year[28]. - Cash outflow from financing activities was 146,008,532.67, compared to 42,789,557.95 in the previous period[28]. - The ending balance of cash and cash equivalents was 392,441,485.99, up from 372,597,984.09 in the previous period[28]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,238,030,979.97, a decrease of 3.63% from the end of the previous year[3]. - The total current assets as of September 30, 2021, were CNY 1,970,166,380.95, down from CNY 2,094,668,391.79 at the end of 2020, a decrease of approximately 5.9%[20]. - The total liabilities decreased to CNY 295,308,754.02 from CNY 440,944,534.44, indicating a reduction of 33%[22]. - The total current liabilities decreased to CNY 200,841,825.54 from CNY 225,436,725.49, indicating a reduction of about 10.9%[20]. - The total assets and liabilities combined reached CNY 2,322,309,962.23, reflecting a decrease of CNY 9,207,759.53[33]. Equity and Shareholder Information - The company’s total equity attributable to shareholders increased by 3.26% to ¥1,942,722,225.95[4]. - The total equity attributable to shareholders reached CNY 1,942,722,225.95, up from CNY 1,881,365,427.79, reflecting a growth of 3.2%[22]. - The company reported a capital reserve of CNY 890,590,390.74, remaining stable compared to the previous period[33]. Research and Development - Research and development expenses increased by 32.86% to ¥42,357,145.80, reflecting the company's commitment to enhancing R&D investment[13]. - Research and development expenses increased to CNY 42,357,145.80 from CNY 31,881,024.13, marking a year-over-year increase of 32.7%[22]. Environmental Monitoring and Services - The company has optimized and customized intelligent control terminals and non-contact laboratory intelligent water quality detection equipment, achieving automatic monitoring of over 100 water quality indicators[17]. - The daily sample analysis capacity of a single non-contact laboratory intelligent water quality detection line exceeds 500 samples, with flexible configuration of detection parameters[17]. - The company is expanding its urban environmental monitoring consulting services and industrial park ecological environment services, supporting pollution control decisions and water quality assessments[17]. - The company has implemented innovative monitoring solutions in various projects, including Baiyangdian watershed in Xiong'an New Area and Chengdu Spring River watershed, achieving significant results in ecological environment supervision[17]. - The company is focusing on enhancing its environmental monitoring capabilities in response to regulatory changes and increasing demand for pollution prevention measures[16]. Financial Adjustments and Standards - The company adjusted its financial statements to comply with new leasing standards, impacting the balance sheet[29]. - The company has implemented the new leasing standards since January 1, 2021, with no significant impact on financial status or cash flow[33]. - The third-quarter report was not audited, indicating preliminary financial results[34].

Group 1: Event Details - The company will participate in the "2021 Hunan Listed Companies Investor Online Reception Day" [2] - The event is organized by the China Securities Regulatory Commission Hunan Regulatory Bureau [2] - The online reception will take place on September 24, 2021, from 15:00 to 17:00 [2] Group 2: Participation Information - Investors can join the event via the "Panjing Roadshow" website [2] - The company's secretary and securities affairs representative will communicate with investors online [2] - The company encourages active participation from investors [2] Group 3: Assurance of Information Disclosure - The company and its board guarantee the accuracy and completeness of the disclosed information [2] - There are no false records, misleading statements, or significant omissions in the announcement [2]

Financial Performance - The company's operating revenue for the reporting period reached ¥401,049,659.86, representing a 28.85% increase compared to ¥311,258,233.39 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥125,506,572.15, a 6.60% increase from ¥117,739,186.90 year-on-year[26]. - The basic earnings per share increased to ¥0.53, up 8.16% from ¥0.49 in the same period last year[26]. - The total assets at the end of the reporting period were ¥2,151,742,339.76, a decrease of 7.34% from ¥2,322,309,962.23 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥1,874,455,917.37, down 0.37% from ¥1,881,365,427.79 at the end of the previous year[26]. - The company reported a total of ¥17,292,419.95 in non-recurring gains and losses during the reporting period[30]. - The company's weighted average return on equity was 6.67%, slightly down from 6.90% in the previous year[26]. - The company’s total assets at the end of the reporting period amounted to RMB 1,965,000,000, reflecting a decrease of RMB 8,467,625.10 compared to the previous period[63]. - The company reported a net cash flow from investment activities of ¥44,893,743.27, a substantial increase of 114.82% compared to a net outflow of ¥302,980,714.85 in the previous year[52]. Cash Flow and Investments - The net cash flow from operating activities was -¥64,326,481.79, a decline of 15.58% compared to -¥55,655,708.91 in the previous year[26]. - The company's cash and cash equivalents decreased by 60.42% to ¥-158,925,642.25, primarily due to increased redemptions of financial products[52]. - The total cash outflow for operating activities was ¥355,781,584.09, compared to ¥303,200,837.39 in the previous year, reflecting increased operational expenses[166]. - The company reported a net cash decrease of ¥163,260,075.49, compared to a decrease of ¥403,113,965.11 in the same period last year, indicating improved cash management[167]. - The company received ¥1,965,000,000.00 from investment recoveries, a substantial increase from ¥800,000,000.00 in the previous year[167]. Research and Development - The company has developed a fully automated water quality detection system capable of batch sample analysis, enhancing urban environmental monitoring services[35]. - The company has established a national engineering laboratory for advanced water pollution monitoring technology, which successfully passed acceptance[34]. - Research and development investment rose significantly by 58.65% to ¥28,129,185.93, reflecting the company's commitment to enhancing its R&D capabilities[52]. - The company has a robust R&D strategy, focusing on independent innovation and has a diverse product portfolio aimed at enhancing water quality assessment and system functionality[81]. - The company's R&D expenses for the first half of 2021 were CNY 28,129,185.93, which is an increase of 58.5% compared to CNY 17,729,868.42 in the first half of 2020[154]. Corporate Governance and Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, with key personnel affirming this responsibility[4]. - The report indicates that all board members attended the meeting to review the report, ensuring governance compliance[5]. - The company is subject to regulatory oversight by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[14]. - The report includes a detailed directory of documents available for review, indicating transparency in corporate governance[10]. - The company did not report any discrepancies between financial reports prepared under international accounting standards and those prepared under Chinese accounting standards[27]. Market and Industry Position - The company is focusing on high-end demand marketing and overall solution marketing to strengthen its market position in water quality monitoring[34]. - The market demand for environmental monitoring equipment is continuously strong due to the implementation of numerous ecological environment policies[40]. - The company has been recognized as a "specialized and innovative" small giant enterprise by the Ministry of Industry and Information Technology[34]. - The company is expanding its environmental monitoring services into new markets, including city-level and industrial park services, although these efforts have not yet achieved widespread application[81]. - The regulatory environment is becoming increasingly refined, promoting healthy competition within the environmental monitoring equipment industry[42]. Risks and Challenges - The management emphasized the importance of risk management and outlined potential operational risks and corresponding countermeasures[5]. - The report includes a section on future plans and forward-looking statements, cautioning investors about potential risks[5]. - The company faces risks from intensified market competition as domestic suppliers improve their technology and financial strength, potentially leading to slower sales growth and declining profit margins[80]. - The ongoing COVID-19 pandemic poses risks to project implementation and business operations, with recent outbreaks causing delays in project work[82]. - The company has taken proactive measures to ensure production continuity during the pandemic, including the stockpiling of preventive materials[83]. Shareholder Information - The company reported a profit distribution of -40.0 million yuan for the current period[176]. - The total number of shares increased from 160,000,000 to 238,400,000 due to a capital reserve conversion, resulting in an increase of 78,400,000 shares[126]. - The company repurchased 3,200,000 shares, accounting for 1.34% of the total share capital, with a total transaction amount of approximately RMB 93.22 million[126]. - The cash dividend distribution was set at RMB 2.5 per 10 shares, with a total of 31,200,000 shares being distributed to shareholders[125]. - The company confirmed that there were no other significant matters requiring explanation during the reporting period[120].

Financial Performance - The company's revenue for Q1 2021 was ¥170,797,859.71, representing a 21.01% increase compared to ¥141,137,760.85 in the same period last year[8]. - Net profit attributable to shareholders was ¥56,976,569.87, up 20.55% from ¥47,263,938.22 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥49,671,989.07, reflecting a 5.49% increase from ¥47,087,385.35 in the previous year[8]. - The basic earnings per share increased by 20.00% to ¥0.36 from ¥0.30 in the same period last year[8]. - The company achieved operating revenue of 170.80 million yuan, an increase of 21.01% compared to the same period last year[18]. - The net profit attributable to shareholders was 56.98 million yuan, reflecting a growth of 20.55% year-on-year[18]. - Operating profit for the current period was ¥63,612,486.37, compared to ¥55,905,007.58 in the previous period, reflecting a growth of approximately 12.3%[47]. - Net profit for the current period was ¥55,462,821.21, up from ¥46,353,539.09 in the previous period, indicating an increase of about 19.5%[48]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,188,218,157.41, a decrease of 5.77% from ¥2,322,309,962.23 at the end of the previous year[8]. - The total amount of raised funds is RMB 928 million, with RMB 1.22 million invested in the current quarter, and a cumulative investment of RMB 545.53 million[25]. - The total current assets decreased from RMB 2,094.67 million on December 31, 2020, to RMB 1,944.16 million as of March 31, 2021, representing a decline of approximately 7.2%[33]. - Total liabilities decreased from RMB 440.94 million to RMB 340.85 million, reflecting a decline of about 22.7%[35]. - The total assets decreased from RMB 2,322.31 million at the end of 2020 to RMB 2,188.22 million, a reduction of approximately 5.8%[34]. - The total liabilities increased from 440,944,534.44 CNY to 450,152,293.97 CNY, showing a rise of about 2.5%[59]. - The total assets increased from 2,322,309,962.23 CNY to 2,331,517,721.76 CNY, reflecting a growth of approximately 0.4%[59]. Cash Flow - The net cash flow from operating activities was negative at -¥73,123,109.33, worsening by 14.17% compared to -¥64,046,141.38 in the same period last year[8]. - Cash inflow from investment activities was ¥945,463,627.99, significantly higher than ¥50,470,555.56 in the previous period[51]. - The company reported a net cash outflow from operating activities of ¥73,123,109.33, worsening from a net outflow of ¥64,046,141.38 in the previous period[51]. - The net cash flow from financing activities was negative at ¥101,056,520.00, compared to a negative cash flow of ¥1,123,600.00 in the previous period[52]. - The ending balance of cash and cash equivalents was ¥345,751,212.33, a decrease from ¥273,835,987.70 in the previous period[52]. - The total cash and cash equivalents at the end of the period were 330,824,450.56 CNY, down from 511,765,323.15 CNY at the beginning of the period, reflecting a decrease of approximately 35.3%[55]. Research and Development - Research and development expenses increased by 45.49% to 11.53 million yuan, indicating a continued commitment to innovation[17]. - The company reported a significant increase in research and development expenses to CNY 11,528,789.87 from CNY 7,923,931.24[42]. - Research and development expenses increased to ¥11,528,789.87 from ¥7,937,491.24 in the previous period, reflecting a growth of approximately 45%[46]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,025[12]. - The company repurchased a total of 3,120,000 shares, accounting for 1.95% of the total share capital, with a total transaction amount of approximately RMB 90.96 million[23]. - The company repurchased shares, resulting in a cash outflow of 101.06 million yuan in financing activities, a drastic increase of 8893.99% compared to the previous year[19]. Project Investments - The environmental monitoring system expansion project has a total investment of RMB 95.49 million, with 13.10% of the project completed by June 30, 2022[25]. - The operational service system construction project has a total investment of RMB 296.25 million, with 40.79% of the project completed by June 30, 2022[25]. - The research and development center construction project has a total investment of RMB 86.85 million, with 20.23% of the project completed by June 30, 2022[25]. - The company plans to extend the completion deadlines for several projects, including the environmental monitoring system expansion and the R&D center, to June 2022[26]. - The company has optimized the project progress planning to better align with market trends and reduce funding usage risks[26]. Risks and Challenges - The company faces risks from intensified market competition and potential changes in environmental policies, which could impact future revenue growth[20][21].

Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares (including tax) and to increase capital by 5 shares for every 10 shares held[5]. - The total distributable profit for the year was RMB 756,700,892.88, indicating a strong capacity for dividend distribution[117]. - The company reported a cash dividend of RMB 2.5 per 10 shares, totaling RMB 39,220,000, which is 100% of the profit distribution[117]. - The company plans to distribute cash dividends annually, with a minimum of 10% of the distributable profits allocated for cash dividends if there are no major investment plans or cash expenditures[111]. - In mature stages without significant capital expenditures, cash dividends should constitute at least 80% of the profit distribution; if there are major expenditures, this minimum drops to 40%[112]. - For growth stages with significant capital expenditures, cash dividends must be at least 20% of the profit distribution[112]. - The total cash dividends for 2020 amounted to RMB 39,220,000, representing 15.01% of the net profit attributable to shareholders[122]. - In 2019, the total cash dividends were RMB 40,000,000, accounting for 17.39% of the net profit attributable to shareholders[122]. - For 2018, the total cash dividends were RMB 50,000,000, which was 27.67% of the net profit attributable to shareholders[122]. - The company will consider shareholder feedback and protect their rights in any adjustments to the profit distribution policy[115]. Financial Performance - The company's operating revenue for 2020 was ¥774,353,168.49, representing a 5.43% increase from ¥734,470,009.39 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥261,272,848.24, a 13.60% increase compared to ¥229,997,920.08 in 2019[17]. - The net profit after deducting non-recurring gains and losses was ¥226,793,598.93, up 4.79% from ¥216,417,590.03 in 2019[17]. - The total assets at the end of 2020 were ¥2,322,309,962.23, a 13.00% increase from ¥2,055,097,193.07 at the end of 2019[17]. - The basic earnings per share for 2020 was ¥1.63, down 10.44% from ¥1.82 in 2019[17]. - The company reported a net cash flow from operating activities of ¥227,256,587.51, a decrease of 11.43% from ¥256,586,242.66 in 2019[17]. - The company’s weighted average return on equity was 14.81% in 2020, down from 28.95% in 2019[17]. - The company’s net assets attributable to shareholders increased by 12.31% to ¥1,881,365,427.79 at the end of 2020 from ¥1,675,197,870.95 at the end of 2019[17]. - The company achieved significant breakthroughs in technology innovation, including the development of FID and MS detectors, and the domestic production of key components, addressing critical supply chain issues[38]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a year-over-year growth of 25%[130]. Market and Operational Strategy - Future development plans include addressing risks such as industry policy changes, intensified market competition, and management risks associated with project implementation and business expansion[5]. - The company has highlighted the need for rational investment and risk awareness among investors[5]. - The report includes a comprehensive analysis of the company's operational performance and future outlook[5]. - The company has outlined its strategies for market expansion and technological innovation in the environmental monitoring sector[10]. - The company utilizes a direct sales model, primarily through bidding for government contracts and business negotiations for corporate clients[30]. - The company has established a qualified supplier list to ensure a stable supply of standardized and non-standardized components for production[28]. - The company has established seven major business regions across China to improve market response and customer service[50]. - The company aims to enhance its market share by improving water quality assessment indicators and system functionalities through comprehensive solutions[105]. - The company is expanding its market presence, targeting a 10% increase in market share within the next year[130]. - The company is committed to building a national operational network and improving service capabilities to respond to environmental pollution incidents[101]. Research and Development - The company has a strong R&D team with expertise in various fields, ensuring its technological leadership in the industry[52]. - The company is investing heavily in R&D, allocating 10% of its revenue to develop new technologies and products[130]. - The company aims to enhance its capacity for technological innovation and improve product quality and service levels through strategic planning and resource integration[106]. - The company has made significant advancements in R&D, including the development of new atmospheric monitoring systems and technologies[74]. - The company has a commitment to enhancing its capabilities in high-end ecological environment monitoring solutions, focusing on national and provincial-level demands[41]. - The company has developed automatic monitoring instruments and integrated systems, addressing key technical challenges and ensuring data traceability and system stability[33]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has ensured the integrity of the annual report[4]. - The company has established a robust governance framework to ensure compliance and effective management of environmental monitoring operations[10]. - The company’s profit distribution plan must be approved by a majority of independent directors and the supervisory board[127]. - The company guarantees to adhere to legal regulations and will not occupy its funds or assets through any means, including management delegation or loans[129]. - The company has a solid governance structure with independent directors and a supervisory board to ensure compliance and strategic oversight[199]. - The management team includes experienced professionals in various roles, indicating a well-rounded approach to operational management[200]. Risk Management - The company faces risks from potential changes in environmental policies that could impact market demand for monitoring equipment and services[103]. - Increased competition in the environmental monitoring sector may lead to slower sales growth and declining profit margins due to the entry of more domestic suppliers[103]. - The implementation of fundraising projects is expected to increase the company's asset and business scale, which may pose management risks if internal structures are not optimized[106]. - The company maintains a proactive approach to project management and production organization to mitigate the impacts of external disruptions[34]. Shareholder Relations - The company has a three-year dividend return plan post-IPO, focusing on sustainable development and shareholder interests[115]. - The company will review its shareholder return plan at least every three years to ensure alignment with operational needs and shareholder expectations[115]. - The company will adjust the distribution amounts if there are changes in the number of shares due to stock buybacks or other corporate actions[119]. - The company will disclose reasons for any cash dividend proposals that fall below the 10% threshold in regular reports[127]. - The company emphasizes its commitment to protecting investor rights and will disclose any failures to fulfill commitments promptly[136]. Environmental Commitment - The company is committed to providing reliable environmental monitoring data and services to government, enterprises, and the public[10]. - The national ecological environment protection policies have led to a sustained increase in market demand for environmental monitoring equipment, with significant policy support from the government[31]. - The company actively participated in emergency monitoring for major environmental pollution incidents, enhancing its industry reputation and accumulating valuable application data[40]. - The company provided over 60 monitoring devices to support COVID-19 prevention efforts in Wuhan, contributing to public health safety[164].