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]