Financial Performance - The company's operating revenue for 2021 was ¥866,146,210.23, representing a 27.92% increase compared to ¥677,108,939.53 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥69,672,328.69, a decrease of 44.44% from ¥125,394,272.55 in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,899,600.40, down 68.00% from ¥112,177,891.79 in 2020[18]. - The company's total assets increased by 51.97% to ¥1,738,947,508.63 at the end of 2021, compared to ¥1,144,278,247.98 at the end of 2020[18]. - The basic earnings per share for 2021 was ¥0.87, a decline of 45.63% from ¥1.60 in 2020[18]. - The weighted average return on net assets was 8.82% in 2021, down from 18.22% in 2020[18]. - The company reported a net cash flow from operating activities of ¥1,765,518.62, a significant improvement from a negative cash flow of ¥13,897,637.39 in 2020, marking a 112.70% increase[18]. - The company achieved operating revenue of 866.15 million yuan in 2021, an increase of 27.92% year-on-year; however, net profit attributable to shareholders decreased by 44.44% to 69.67 million yuan[71]. - The engine exhaust purification industry accounted for ¥859,915,885.91, or 99.28% of total revenue, with a year-on-year growth of 31.08%[79]. - Domestic sales contributed ¥806,528,511.60, making up 93.12% of total revenue, with a growth of 19.14%[79]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[4]. - The company has a dedicated section in the annual report discussing potential risks and future development outlook[4]. - The company is committed to improving its quality management system to mitigate risks associated with product quality, which is critical for compliance with emission standards[140]. - The company has implemented measures to regularly analyze accounts receivable and ensure timely follow-up on project payment progress to mitigate collection risks[143]. - The company emphasizes the importance of governance and compliance with regulations to enhance operational transparency and protect shareholder interests[149]. - The company has established a robust internal management and control system to ensure effective governance and operational compliance[149]. Corporate Governance - The company has established a sound corporate governance structure in compliance with relevant laws and regulations[158]. - The total number of shares held by the board and management at the end of the reporting period was 45,276,516 shares[161]. - The company has granted a total of 1,126,140 shares as restricted stock during the reporting period[161]. - The board of directors held 27 meetings throughout the reporting period, with all members actively participating[188]. - The company maintained a strong governance structure, with independent directors providing valuable suggestions that were adopted[190]. - The company is committed to compliance with relevant laws and regulations, ensuring fair decision-making processes[190]. - The independent directors conducted assessments of the company's development strategies and governance practices[190]. Research and Development - The company has increased R&D investment, leading to a year-on-year rise in R&D expenses, focusing on the development of new materials and technologies[66]. - The company has 194 authorized patents and 31 software copyrights, with 12 core technologies, 6 of which are original innovations[67]. - The company increased its R&D personnel from 200 in 2020 to 289 in 2021, a growth of 44.50%[91]. - R&D investment amounted to ¥47,696,056.20 in 2021, representing 5.51% of operating revenue, up from 5.23% in 2020[91]. - The company is actively developing new technologies to meet national emission standards, enhancing its product competitiveness[90]. Market Position and Strategy - The company is positioned in the rapidly developing engine exhaust after-treatment industry, driven by stricter emission standards in China[28]. - The domestic market for engine exhaust after-treatment is seeing accelerated localization, with domestic manufacturers improving their technology and competitiveness[30]. - The upgrade of exhaust emission standards presents both opportunities and challenges for the industry, intensifying competition and driving industry reshuffling[32]. - The company is actively expanding into the gasoline engine after-treatment market, which has also contributed to a decline in overall gross margin[64]. - The domestic hybrid vehicle market is expected to enter a rapid growth phase over the next 5-15 years, providing opportunities for the company[49]. - The company plans to expand its product applications from road vehicles to non-road mobile machinery and ships, driven by increasing regulatory scrutiny on emissions[126]. Shareholder Information - The company reported a profit distribution plan of 1.74 CNY per 10 shares (including tax) based on a total of 80,367,500 shares[4]. - The total cash dividend amount is 13,983,945.00 CNY (including tax)[200]. - The total distributable profit is 337,131,080.79 CNY[200]. - The cash dividend total accounts for 100.00% of the total profit distribution[200]. - There were no bonus shares or share repurchases during the reporting period[200]. - Minority shareholders had sufficient opportunities to express their opinions[200]. Employee and Workforce Management - The total number of employees at the end of the reporting period was 678, with 454 in the parent company and 224 in major subsidiaries[195]. - The company has implemented a training program for middle management, technical staff, and general employees to improve overall skills and competencies[197][198]. - The company emphasizes a compensation policy based on job performance and market standards, aiming to enhance employee motivation and fairness[196]. - The company has no retired employees requiring financial support, indicating a focus on maintaining a young workforce[195]. Acquisitions and Investments - The company successfully acquired 100% of ActBlue France SAS, enhancing its business structure and global market presence[77]. - The company completed the acquisition of ABF in 2021, enhancing its R&D capabilities with a focus on high-quality talent[91]. - The company completed the acquisition of 100% equity in Faulquemont for a total investment of approximately ¥107.79 million[105]. - The company has established three new subsidiaries during the reporting period, expanding its operational footprint[86].

Revenue and Profit - The company's revenue for Q3 2021 reached ¥211,279,561.30, representing a 44.55% increase compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 77.92% to ¥6,457,239.00 for the quarter, and by 36.68% to ¥56,227,134.82 for the year-to-date[4]. - The basic earnings per share fell by 78.38% to ¥0.08 for the quarter, and by 36.94% to ¥0.70 year-to-date[4]. - Total operating revenue for the period reached ¥600,273,888.75, a 34.5% increase from ¥445,799,431.87 in the previous period[21]. - Net profit for the period was ¥53,656,529.76, a decrease of 39.4% compared to ¥88,358,171.28 in the same period last year[22]. - The company reported a total profit of ¥61,474,413.01, down from ¥102,511,422.45 in the same period last year[22]. - Basic earnings per share decreased to ¥0.70 from ¥1.11 in the previous period[23]. Assets and Liabilities - Total assets increased by 40.88% to ¥1,612,062,319.10 compared to the end of the previous year[4]. - As of September 30, 2021, total current assets amount to ¥1,400,028,066.68, an increase from ¥1,036,204,696.36 at the end of 2020[18]. - Total liabilities reached ¥799,213,584.04, compared to ¥374,706,042.69 in the previous period[20]. - Total equity increased to ¥812,848,735.06, up from ¥769,572,205.29 year-on-year[20]. - Non-current assets total ¥212,034,252.42, up from ¥108,073,551.62 at the end of 2020[18]. - The total assets of the company are reported at ¥1,612,062,319.10, compared to ¥1,144,278,247.98 previously[18]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of -¥44,937,656.82 year-to-date, improving by 28.27%[4]. - Cash flow from operating activities was ¥488,152,560.83, significantly higher than ¥245,243,859.82 in the previous period[24]. - The net cash flow from operating activities was -44,937,656.82 CNY, an improvement from -62,649,976.91 CNY in the previous year[26]. - Cash inflow from investment activities totaled 846,919,181.58 CNY, significantly higher than 304,444,185.92 CNY in the same period last year[26]. - The net cash flow from investment activities was -237,655,373.88 CNY, compared to -225,561,867.09 CNY in the previous year[26]. - Cash inflow from financing activities was 396,897,447.60 CNY, down from 489,954,206.03 CNY year-over-year[26]. - The net cash flow from financing activities was 275,308,912.06 CNY, a decrease from 368,574,936.39 CNY in the previous year[26]. - The total cash and cash equivalents at the end of the period were 196,609,416.63 CNY, compared to 94,798,563.79 CNY at the end of the same period last year[26]. - The cash outflow from operating activities totaled 533,090,217.65 CNY, compared to 307,893,836.73 CNY in the previous year[26]. Research and Development - The company’s research and development expenses increased by 53.27% due to higher material and testing costs related to National VI and non-road National IV products[10]. - Research and development expenses increased to ¥36,914,534.50, representing a 53.3% rise from ¥24,084,324.85[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,215[13]. - Liu Yi holds 40.39% of shares, totaling 32,308,572 shares, with 1,320,000 shares pledged[13]. Acquisitions and Investments - The company acquired 100% equity of ActBlue France SAS, leading to significant changes in financial metrics and consolidation of financial statements[8]. - The company completed the acquisition of 100% equity and other assets of Vitesco Technologies Faulquemont SAS for a total of €13.458333 million and ¥6.037997 million[14]. - The company has made significant investments in fixed assets, totaling ¥109,373,698.88, an increase from ¥81,766,995.24[18]. Financial Expenses - The company’s financial expenses surged by 473.48% due to increased loan interest and guarantee fees[10]. - The company reported a financial expense rise to ¥6,950,560.92, compared to ¥1,211,989.83 in the previous period[22]. Taxation - The company paid 46,958,558.89 CNY in various taxes and fees, up from 27,677,126.96 CNY in the previous year[26]. Miscellaneous - The company implemented a restricted stock incentive plan, granting 471,600 shares at a price of ¥40.96 per share to 97 eligible participants[15]. - The company did not undergo an audit for the third quarter report[28].

Financial Performance - The company's operating revenue for the reporting period was ¥388,994,327.45, representing a 29.82% increase compared to ¥299,638,635.39 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 16.43% to ¥49,769,895.82 from ¥59,557,379.89 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 31.17% to ¥36,969,156.92 compared to ¥53,710,650.88 in the same period last year[22]. - The net cash flow from operating activities improved significantly to ¥12,315,840.27, a 115.29% increase from a negative cash flow of ¥80,532,512.00 in the previous year[22]. - The total assets at the end of the reporting period were ¥1,296,893,883.20, reflecting a 13.34% increase from ¥1,144,278,247.98 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 3.92% to ¥799,298,708.43 from ¥769,127,458.05 at the end of the previous year[22]. - Basic earnings per share decreased by 16.22% to ¥0.62 from ¥0.74 in the same period last year[22]. - The weighted average return on net assets decreased to 6.35%, down by 5.29% from 11.64% in the previous year[22]. Research and Development - The company has increased its investment in R&D for road National VI, non-road National IV, and marine exhaust treatment projects, leading to a significant rise in R&D expenses[39]. - The company's R&D investment increased by 38.78% to ¥22,041,882.81 from ¥15,882,326.96, driven by higher material and testing costs[51]. - Research and development expenses increased to CNY 22,041,882.81, representing a rise of 38.5% compared to CNY 15,882,326.96 in the first half of 2020[170]. Market and Product Development - The sales proportion of diesel engine exhaust treatment products meeting the National VI emission standards increased, but the gross margin was lower due to high raw material costs and the impact of COVID-19 on the supply chain[37]. - The company is actively expanding into the gasoline engine exhaust treatment market, which has also contributed to a decline in overall gross margin[38]. - The implementation of the National VI emission standards for diesel engines began on July 1, 2021, creating a market opportunity for compliant products[37]. - The automotive market showed strong growth in the first half of 2021, with production and sales increasing by 24.2% and 25.6% year-on-year, respectively[43]. - The non-road mobile machinery and marine markets present significant growth potential, with new emission standards set to be implemented in the coming years[44]. - The company is positioned at the forefront of the industry with its National VI exhaust treatment products, which are among the strictest emission standards globally[45]. Financial Management and Investments - The company has established a comprehensive supplier management system to ensure quality and efficiency in its procurement process[33]. - The company has established a comprehensive supply chain management system to quickly respond to market demands and reduce costs[49]. - The total amount of raised funds is CNY 365.18 million, with CNY 30.15 million invested during the reporting period[65]. - Cumulative investment of raised funds reached CNY 171.72 million, including CNY 25.54 million used to replace self-raised funds[65]. - The company has allocated CNY 19.5 million to purchase principal-protected financial products, with a remaining balance of CNY 6.01 million in the special account for raised funds[65]. - Total entrusted financial management amounts to CNY 77.5 million, with no overdue amounts reported[73]. Risk Management - The company has detailed the risks it may face and corresponding measures in the report, urging investors to be aware of investment risks[4]. - The company faces raw material price fluctuation risks, as raw materials account for a high proportion of costs, especially precious metal price fluctuations[85]. - The company plans to enhance product competitiveness and explore new customers to cope with downstream industry fluctuation risks[86]. - The company has taken measures to ensure orderly production and operation in response to pandemic risks[84]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The annual shareholders' meeting had an investor participation rate of 63.25% on March 16, 2021[94]. - There were no changes in the company's equity incentive plans or employee stock ownership plans during the reporting period[97]. - The company emphasizes compliance with laws and regulations, actively protecting employee rights and responding to COVID-19 vaccination efforts[101]. - The company has committed to maintaining stable dividend policies and ensuring timely and accurate information disclosure to investors[101]. Legal and Compliance - The company is not classified as a key pollutant discharge unit and did not face any administrative penalties for environmental issues during the reporting period[100]. - The company has not reported any significant environmental issues or violations during the reporting period[100]. - The company has no significant penalties or rectification situations during the reporting period[121]. - There are no major related party transactions or significant contracts during the reporting period[126][128]. Share Capital and Ownership - The company reported a decrease in limited sale condition shares from 60,000,000 to 43,024,335, representing a reduction of 16,975,665 shares, which is a 28.29% decrease[141]. - The total number of shares after the change is 80,000,000, maintaining the same total percentage of 100%[141]. - The company’s foreign investment shares decreased from 11,629,524 to 8,722,143, a reduction of 2,907,381 shares, which is a 24.99% decrease[141]. - The company’s domestic natural person holdings decreased from 38,988,156 to 34,302,192, a reduction of 4,685,964 shares, which is a 12.03% decrease[141]. Litigation and Disputes - The company won a first-instance judgment against Jiangxi Dacheng Automobile Co., Ltd. for a contract payment of RMB 10,756,909.45, with interest losses of RMB 280,935.73[118]. - The company also won a first-instance judgment against Nanjing World Village Automobile Power Co., Ltd. for a total of RMB 324,686.90 in development fees and overdue payment losses[118]. - The company is currently in arbitration with Guangdong South China Ecological Restoration Investment Co., Ltd. regarding a payment dispute, with no judgment yet[118]. - The company reached a settlement with Huanghua City Xinzhen Machinery Equipment Manufacturing Co., Ltd., where the latter will pay RMB 65,000 by a specified date, with the remaining amount waived[118]. - The company won a second-instance judgment against Huanghua City Xiangyu Auto Parts Co., Ltd. for a payment of RMB 219,110.93 plus interest[118].

证券代码：300816 证券简称：艾可蓝 公告编号：2021-041 安徽艾可蓝环保股份有限公司 关于参加安徽辖区上市公司 2021 年投资者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、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、可持 续发展等投资者所关心的问题，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共同举办的主题为"安徽辖区上市公司 2021 年投 资者集体接待日"活动。现将有关事项公告如下： 本次投资者集体接待日活动将通过深圳市全景网络有限公司提供的网络平 台举行，投资者可以登录 http://rs.p5w.net 进入专区页面参与交流。活动时间为 2021 年 5 月 18 日下午 14:00-17:30。 出席本次集体接待日活动的人员有：公司财务总监姜任健先生、董事会秘书 刘凡先生及证券事务代表梁茜女士。 欢迎广大投资者积极参与。 特此公告。 安徽艾可蓝环保股份有限公司董事会 2021 年 5 月 12 日 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥187,737,584.55, representing a 58.52% increase compared to ¥118,428,780.81 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was ¥31,078,187.91, up 42.76% from ¥21,769,312.56 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,748,327.23, reflecting a 22.03% increase from ¥18,640,898.39 in the previous year[7]. - Basic earnings per share for Q1 2021 were ¥0.39, an increase of 44.44% from ¥0.27 in the previous year[7]. - Total operating revenue for Q1 2021 reached ¥187,737,584.55, a significant increase of 58.6% compared to ¥118,428,780.81 in the same period last year[51]. - Net profit for Q1 2021 was ¥30,721,002.57, representing a 42.4% increase from ¥21,581,152.95 in the previous year[53]. - The net profit for Q1 2021 reached ¥32,957,914.04, up 50% from ¥21,988,848.76 in Q1 2020[55]. - The total profit for the current period was ¥37,804,236.12, compared to ¥25,869,233.83 in the previous year, indicating a growth of 46%[55]. Cash Flow and Assets - The net cash flow from operating activities was ¥39,198,754.92, a significant improvement of 223.11% compared to a negative cash flow of ¥31,840,607.41 in the same period last year[7]. - The company's cash and cash equivalents decreased to CNY 163,269,958.91 from CNY 177,859,777.24, reflecting a decline of approximately 8.67%[43][44]. - The cash and cash equivalents at the end of the period were ¥160,181,654.15, down from ¥426,817,877.31 at the end of the previous year[61]. - The net cash flow from investing activities was -178,014,427.89 CNY, compared to 85,935,477.46 CNY in the previous period[64]. - The total cash inflow from financing activities was 116,252,219.91 CNY, down from 380,262,093.45 CNY year-over-year[64]. - The net cash flow from financing activities was 108,335,311.59 CNY, compared to 358,224,018.71 CNY in the previous period[64]. - The net increase in cash and cash equivalents was -27,942,102.78 CNY, compared to an increase of 412,421,489.91 CNY in the previous period[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,293,337,217.84, marking a 13.03% increase from ¥1,144,278,247.98 at the end of the previous year[7]. - Total liabilities rose to CNY 477,799,213.50 as of March 31, 2021, compared to CNY 374,706,042.69 at the end of 2020, representing an increase of about 27.61%[45][46]. - The company's equity attributable to shareholders increased to CNY 802,872,166.03 from CNY 769,127,458.05, reflecting a growth of approximately 4.41%[46]. - Short-term borrowings surged to CNY 197,436,073.23 from CNY 86,772,197.27, indicating an increase of about 127.73%[44][45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,866[10]. - The largest shareholder, Liu Yi, holds 40.39% of the shares, amounting to 32,308,572 shares, with 1,320,000 shares pledged[10]. Investment and Projects - The company signed a project investment cooperation agreement with the Hefei High-tech Industrial Development Zone Management Committee, planning to invest 1 billion yuan in various environmental projects[30]. - The total investment for the environmental projects includes at least 300 million yuan in fixed assets[30]. - The company plans to fully acquire 100% equity and other assets of Vitesco Technologies Faulquemont SAS, enhancing its market position[31]. - The total amount of raised funds is 365.18 million yuan, with 12.06 million yuan invested in the current quarter[34]. - Cumulative investment from raised funds reached 153.63 million yuan, representing 42.09% of the total raised funds[34]. - The company has utilized 100.16% of the funds for working capital, indicating effective fund management[34]. - The company has replaced 25.54 million yuan of self-raised funds with raised funds for project investments, optimizing financial resources[35]. Operational Insights - The company achieved operating revenue of 187.74 million yuan in Q1 2021, representing a year-on-year increase of 58.52%[17]. - Accounts receivable decreased by 48.20% due to the maturity of bills receivable[15]. - The company’s top five suppliers accounted for 58.57% of total procurement, up from 45.30% in the previous year[18]. - The top five customers contributed 79.13% of total revenue, down from 86.12% year-on-year[19]. - The company plans to enhance product competitiveness and expand market share in response to fluctuations in the automotive industry[25]. - The company is facing risks related to raw material price volatility, particularly for precious metals, which could impact production costs[24]. - Management emphasizes quality control across all stages of production to mitigate risks associated with product quality[26]. - The company has implemented rigorous bad debt provision policies and measures to control accounts receivable risks, including regular analysis of receivables and timely follow-ups on project payment progress[28]. Research and Development - Research and development expenses for Q1 2021 were ¥9,719,877.98, up from ¥7,104,422.30, indicating a focus on innovation and product development[52]. - Research and development expenses increased to ¥8,191,714.81, up from ¥6,946,774.09, reflecting an 18% rise year-over-year[55].

Financial Performance - The company's operating revenue for 2020 was ¥677,108,939.53, representing a 19.63% increase compared to ¥565,979,161.95 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥125,394,272.55, a 21.30% increase from ¥103,378,091.24 in 2019[17]. - The net profit after deducting non-recurring gains and losses was ¥112,177,891.79, up 21.33% from ¥92,458,052.42 in 2019[17]. - The total assets at the end of 2020 reached ¥1,144,278,247.98, a 97.94% increase from ¥578,087,117.26 at the end of 2019[17]. - The net assets attributable to shareholders increased by 156.93% to ¥769,127,458.05 from ¥299,353,940.22 in 2019[17]. - The company reported a diluted earnings per share of ¥1.60, down 6.98% from ¥1.72 in 2019[17]. - The total operating revenue for 2020 was ¥677,108,939.53, representing a year-on-year increase of 19.63% compared to ¥565,979,161.95 in 2019[50]. - The company reported a total revenue of 1.5 billion CNY for the fiscal year 2020, representing a year-over-year increase of 15%[155]. - The net profit for the year was 300 million CNY, which is a 20% increase compared to the previous year[155]. Cash Dividend - The company plans to distribute a cash dividend of 3.16 CNY per 10 shares to all shareholders, based on a total of 80,000,000 shares[4]. - The cash dividend for 2020 represents 20.16% of the net profit attributable to the parent company's ordinary shareholders[150]. - The total number of shares for the dividend distribution is 80,000,000 shares[147]. - The cash dividend distribution plan for 2020 was approved in the board meeting held on February 23, 2021[147]. - The total distributable profit for the year was RMB 299,783,204.84[146]. - The cash dividend amount for 2019 was RMB 20,800,000.00, which was 20.12% of the net profit attributable to the parent company[150]. - The company did not distribute any cash dividends for the 2018 fiscal year[150]. Research and Development - The company has developed core technologies in exhaust after-treatment catalysts, electronic control, calibration, and system integration[24]. - The company’s research and development efforts led to the acquisition of 21 new patents, bringing the total to 135 patents[43]. - Research and development expenses for 2020 totaled ¥35,444,838.33, an increase of 11.48% from ¥31,794,026.40 in 2019, driven by higher personnel costs and equipment purchases[60]. - The number of R&D personnel increased to 200 in 2020, representing 44.35% of the total workforce, up from 41.86% in 2019[62]. - The company plans to enhance its R&D capabilities by establishing a dedicated research center to meet growing product development demands and improve product quality[118]. - The company plans to increase R&D investment in 2021, focusing on enhancing its technical capabilities and expanding its product range, particularly in the non-road mobile machinery market[124]. - The company is actively investing in new product development, with a budget allocation of 10 million RMB for R&D in 2021[139]. Market and Industry Outlook - The company operates in the engine exhaust after-treatment industry, which is experiencing rapid development due to the continuous upgrading of emission standards[96]. - The diesel engine exhaust after-treatment market is facing significant challenges, with higher costs and complex technology requirements compared to gasoline engines[99]. - The non-road mobile machinery and marine exhaust after-treatment market is expected to grow as domestic and international emission standards continue to evolve[102]. - The company benefits from strong government support for the environmental protection industry, which is classified as a strategic emerging industry[107]. - The tightening of emission standards, such as the "Blue Sky Defense War" action plan, provides favorable conditions for the growth of the engine exhaust after-treatment market[109]. - The company achieved mass supply of products meeting the National VI emission standards for both gasoline and diesel engines in 2020, positioning itself at the forefront of the industry[114]. - The company aims to expand its market presence by focusing on non-road mobile machinery and ships, which are expected to be significant growth areas in the future[120]. Operational Efficiency - The company has established a flexible production model based on customer orders, utilizing a "sales-driven production" approach[29]. - The company established multiple automated robotic workstations to enhance production efficiency and product quality during the reporting period[46]. - The company is enhancing its production capacity, particularly in catalyst and packaging lines for heavy diesel and gasoline engines, to meet growing demand[127]. - The company is focused on optimizing raw material inventory management to mitigate risks associated with price fluctuations of precious metals used in production[131]. - The company is implementing measures to ensure product quality, which is critical for compliance with emission standards and maintaining market reputation[133]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months following its initial public offering[152]. - If the company's stock price falls below the issue price for 20 consecutive trading days, the lock-up period for shares will automatically extend by six months[152]. - The company has established a commitment to maintain shareholding stability during the initial public offering period[152]. - The company will adjust the lock-up period if there are changes in shareholdings due to rights distributions or other corporate actions[152]. - The company has made public commitments regarding share reduction and will not abandon these commitments due to changes in personnel or other reasons[156]. Corporate Governance and Compliance - The company has established a complete governance structure in accordance with the Company Law and relevant regulations, ensuring the protection of all shareholders' rights[197]. - The company has maintained a clean integrity status, with no unfulfilled court judgments or significant overdue debts[176]. - The company has not reported any major guarantees or leasing situations during the reporting period[189][188]. - The company has committed to strict adherence to legal and regulatory requirements regarding social insurance and housing fund contributions, accepting full responsibility for any penalties incurred[161]. - The company will take measures to compensate investors for losses resulting from any failure to fulfill commitments, based on negotiated amounts or regulatory determinations[161]. Investor Relations - The company conducted multiple investor communication activities, including phone calls and on-site visits, throughout May and June 2020, engaging with various institutional investors[138][140][142]. - The company provided a positive outlook for future performance, projecting a revenue growth of 15% for the upcoming fiscal year[141]. - The company is exploring potential mergers and acquisitions to enhance its service offerings and market share, targeting a completion by Q4 2021[142].

Financial Performance - Operating revenue for the period was ¥146,160,796.48, down 4.28% compared to the same period last year[7] - Net profit attributable to shareholders was ¥29,245,509.97, a slight increase of 0.54% year-over-year[7] - Basic earnings per share decreased by 22.92% to ¥0.37[7] - The weighted average return on equity was 4.02%, down 7.08% from the previous year[7] - Total revenue for Q3 2020 was CNY 146,160,796.48, a decrease of 4.4% compared to CNY 152,703,710.34 in the same period last year[39] - Total operating revenue for Q3 2020 was CNY 145,872,477.88, a decrease from CNY 152,647,284.27 in Q3 2019, representing a decline of approximately 4.9%[43] - The company reported a net profit of CNY 279,560,203.73 for the period, compared to CNY 209,500,026.01 in the previous year, an increase of approximately 33.3%[37] - Net profit for Q3 2020 reached CNY 88,358,171.28, representing a growth of 11.9% from CNY 79,396,521.84 in Q3 2019[49] Assets and Liabilities - Total assets increased to ¥1,053,379,141.58, representing an 82.22% increase compared to the previous year[7] - Current liabilities rose to CNY 263,278,318.27, up from CNY 217,754,395.47, indicating an increase of about 20.9%[37] - The company’s total liabilities increased to CNY 318,139,101.99 from CNY 276,037,506.83, reflecting a rise of about 15.2%[37] - Total assets increased significantly, with current assets totaling ¥958,732,092.42 compared to ¥492,648,304.23 in the previous period[31] - Cash and cash equivalents increased by 546.55% to ¥96,152,022.91 from ¥14,871,534.37 due to the arrival of raised funds[16] - The company’s inventory increased to CNY 149,470,223.96 from CNY 117,469,346.19, representing a growth of approximately 27.2%[34] Cash Flow - Net cash flow from operating activities was ¥17,882,535.09, reflecting a decrease of 204.9% compared to the previous year[7] - Net cash flow from operating activities decreased by 541.75% to -¥62,649,976.91 from ¥14,182,137.96 due to increased procurement of raw materials[20] - The cash flow from operating activities showed a net outflow of CNY 62,649,976.91, contrasting with a net inflow of CNY 14,182,137.96 in Q3 2019[53] - Total cash inflow from investing activities was 304,438,312.41 CNY, while cash outflow was 533,505,564.51 CNY, resulting in a net cash flow of -229,067,252.10 CNY[58] - The ending cash and cash equivalents balance was 91,928,121.61 CNY, up from 19,439,450.02 CNY in the previous period[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,533[11] - The largest shareholder, Liu Yi, holds 40.39% of the shares, amounting to 32,308,572 shares[11] Investments and Projects - The company plans to invest ¥1 billion in projects including a research institute and various exhaust treatment systems in Hefei High-tech Zone[21] - The establishment of Anhui Yangtze River Delta Environmental Technology Co., Ltd. was completed with a registered capital of ¥3 million, where the company holds a 51% stake[22] - Investment income skyrocketed by 6,693.80% to ¥4,721,225.76 from ¥69,493.15, resulting from the investment of idle funds[18] - Long-term investments rose to CNY 6,530,000.00 from CNY 2,530,000.00, indicating a growth of 157%[36] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥8,986,129.64 for the year-to-date period[8] - Other income surged by 1,673.41% to ¥10,468,984.57 from ¥590,330.01, attributed to embedded software tax refunds[18] - The company reported a credit impairment loss of CNY -153,112.53 in Q3 2020, compared to a gain of CNY 94,102.99 in Q3 2019[40] - The company achieved a decrease in credit impairment losses to CNY -5,612,706.12 from CNY -2,191,008.03, indicating improved asset quality[48]

Financial Performance - The company's operating revenue for the reporting period was CNY 299,638,635.39, representing a 15.78% increase compared to CNY 258,790,319.17 in the same period last year[16]. - The net profit attributable to shareholders was CNY 59,557,379.89, up 16.80% from CNY 50,989,730.25 year-on-year[16]. - The basic earnings per share decreased by 12.94% to CNY 0.74 from CNY 0.85 in the same period last year[16]. - The diluted earnings per share also decreased by 12.94% to CNY 0.74 from CNY 0.85 year-on-year[16]. - The weighted average return on equity was 11.64%, down 11.38% from 23.02% in the previous year[16]. - The company reported a total non-recurring gains and losses of 5,846,729.01 yuan, after accounting for various items including government subsidies and asset disposal losses[21]. - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[106]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[106]. - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2020, representing a 20% year-over-year growth[110]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 80,532,512.00, a decrease of 357.87% compared to CNY 31,230,013.72 in the previous year[16]. - The total assets at the end of the reporting period were CNY 1,004,879,466.28, a decrease of 73.83% from CNY 578,087,117.26 at the end of the previous year[17]. - Cash and cash equivalents increased to CNY 92,927,810.07 from CNY 14,871,534.37, reflecting a growth of approximately 523%[165]. - The total liabilities of the company were CNY 280,766,221.44, slightly up from CNY 278,432,784.90 at the end of 2019[167]. - The total equity attributable to the owners of the parent company increased to CNY 724,090,565.39 from CNY 299,353,940.22, representing a growth of approximately 142.5%[168]. - The company reported a net cash flow from operating activities of -CNY 80,532,512.00, a decline from CNY 31,230,013.72 in the first half of 2019[181]. - The total cash inflow from investment activities was 92,158,243.87 CNY, down from 206,755.04 CNY in the previous period, resulting in a net cash flow from investment activities of -232,560,295.88 CNY[185]. Research and Development - Research and development expenses amounted to CNY 15.88 million, an increase of 21.04% year-on-year[44]. - The company has 119 authorized patents, including 11 invention patents, and has developed over 40 catalyst formulation technologies applicable to various engines[43]. - The company is investing 50 million CNY in R&D for new technologies aimed at improving environmental sustainability[102]. - Research and development expenses increased to CNY 15,882,326.96, compared to CNY 13,121,860.46 in the first half of 2019, representing a growth of 21.06%[172]. Market and Business Strategy - The company's main business is the research, production, and sales of engine exhaust after-treatment products, with a focus on diesel and gasoline engine purification products that meet National V/VI emission standards[25]. - The company is actively expanding its market share in the light-duty diesel engine after-treatment sector while also venturing into gasoline and medium-heavy diesel engine markets[45]. - The company plans to invest CNY 1 billion in projects including the establishment of the Aikelan Research Institute and various after-treatment system projects[46]. - The company is actively expanding its product offerings to meet the stringent National VI emission standards, which are among the strictest in the world[34]. - The company is expanding its market presence by entering two new provinces, which is anticipated to increase market share by 10%[110]. Risk Management - The company has detailed the risks it faces and corresponding measures in the report, urging investors to be aware of investment risks[4]. - The company faces risks from raw material price fluctuations, particularly for precious metals, which significantly impact production costs[82]. - The company has established a rigorous bad debt provision policy to manage accounts receivable risks[87]. Shareholder Information - The company completed its initial public offering (IPO) of 20 million shares of ordinary shares, increasing total share capital from 60 million to 80 million shares[141]. - The largest shareholder, Liu Yi, holds 40.39% of the shares, amounting to 32,308,572 shares[145]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO, ensuring stability in shareholding[97]. - The company has established a commitment to maintain shareholding stability for two years after the lock-up period ends, with a minimum selling price not lower than the issue price[97]. Compliance and Governance - The management emphasized the importance of compliance and transparency in financial reporting, committing to uphold high standards to protect investor interests[110]. - The company did not conduct an audit for the semi-annual financial report[113]. - There were no major litigation or arbitration matters during the reporting period[115]. - The company has no significant related party transactions during the reporting period[120].

安徽艾可蓝环保股份有限公司 2020 年第一季度报告全文 安徽艾可蓝环保股份有限公司 2020 年第一季度报告 2020 年 04 月 1 安徽艾可蓝环保股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘屹、主管会计工作负责人姜任健及会计机构负责人（会计主 管人员）陈云辉声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽艾可蓝环保股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 118,428,780.81 | 130,296,456.66 | -9.11% | | 归属于上市公司股东的净利润（元） | 21,769,312.56 | 29, ...

Dividend Policy - The company plans to distribute a cash dividend of 2.60 RMB per 10 shares to all shareholders, based on a total of 80,000,000 shares[4] - The company has established a profit distribution policy, ensuring that cash dividends will not be less than 10% of the distributable profits for the year if profitable[118] - The company plans to distribute at least 20% of the distributable profits as cash dividends in the years following its IPO, provided it meets operational funding needs[124] - The company aims to maintain a cash dividend priority in its profit distribution strategy, ensuring shareholder returns are consistent and stable[125] - The total distributable profit for the year was RMB 209,500,026.01, with the cash dividend accounting for 100% of the profit distribution[126] - The cash dividend for 2019 was the first distribution after a year without dividends in 2018[130] - The company’s cash dividend policy reflects its commitment to returning value to shareholders while managing significant capital expenditures[126] Financial Performance - The company's operating revenue for 2019 was ¥565,979,161.95, representing a 27.12% increase compared to ¥445,249,156.50 in 2018[17] - The net profit attributable to shareholders for 2019 was ¥103,378,091.24, up 24.72% from ¥82,889,503.56 in 2018[17] - The total assets at the end of 2019 reached ¥578,087,117.26, a 29.52% increase from ¥446,329,192.81 at the end of 2018[17] - The revenue from engine exhaust after-treatment accounted for 98.45% of total revenue, with a total of ¥557,207,361.23, up 26.08% from the previous year[48] - The company reported a revenue of 1.2 billion CNY for the fiscal year 2019, representing a year-over-year growth of 15%[135] - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the fiscal year, representing a 15% year-over-year growth[137] Research and Development - The company has developed 12 core technologies, with 6 being original innovations, focusing on exhaust after-treatment products[28] - Research and development expenses rose by 41.56% to ¥31,794,026.40, accounting for 5.62% of total operating revenue[56][58] - The company plans to enhance its R&D capabilities by establishing a dedicated R&D center to meet the growing demand for product development and improve product quality[96] - The company is committed to increasing R&D investment in 2020 to improve its technological capabilities and product competitiveness, focusing on optimizing product performance and developing new product varieties[101] - The company plans to invest 100 million RMB in research and development for new technologies over the next three years, focusing on sustainable solutions[195] Market Position and Strategy - The company achieved small-scale supply of diesel engine National VI products and batch supply of gasoline engine National VI products during the reporting period[28] - The company is positioned to leverage its strong R&D capabilities and technical expertise to capitalize on the growing demand for exhaust treatment solutions[86] - The company aims to expand its market presence by targeting non-road mobile machinery and marine sectors, leveraging the increasing regulatory focus on emissions control[95] - The company is expanding its market presence by entering three new provinces, aiming to increase regional sales by 30%[195] - The company plans to enhance its market presence by entering three new provinces in 2020, aiming for a 10% increase in market share[135] Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[4] - The company has detailed descriptions of potential risks in the section discussing future development prospects[4] - The company faces risks from raw material price fluctuations, particularly with precious metals like platinum, palladium, and rhodium, which significantly impact production costs and profitability[108] - The company is actively monitoring and adjusting its operations in response to the ongoing pandemic to minimize disruptions[107] Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3] - The company has committed to full legal responsibility for any misleading statements or omissions in the IPO application documents[142] - The company will ensure that its IPO application documents do not contain false records or significant omissions, committing to compensate investors for any losses resulting from violations[140] Shareholder Information - The controlling shareholder, Liu Yi, holds 53.85% of the shares, totaling 32,308,572 shares[178] - The top ten shareholders do not include any shareholders with unrestricted shares, as all are subject to trading restrictions[179] - The total number of ordinary shareholders at the end of the reporting period is 16,641[178] Operational Efficiency - The company emphasizes the importance of management efficiency, focusing on reducing inventory capital occupation and improving capital turnover efficiency[104] - The company plans to address production capacity bottlenecks by optimizing processes and enhancing digital factory construction to improve production efficiency[103] - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in costs over the next year[137] Compliance and Legal Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[153] - The company has complied with environmental protection laws and has not been penalized for violations[171] - The company has not engaged in any related party transactions during the reporting period[156]