Financial Performance - The company's operating revenue for the first half of 2022 was ¥360,812,119.37, representing a 37.11% increase compared to ¥263,146,311.78 in the same period last year[21]. - The net profit attributable to shareholders decreased by 31.74% to ¥21,978,568.82 from ¥32,200,323.78 year-on-year[21]. - The net profit after deducting non-recurring gains and losses increased by 21.80% to ¥30,752,373.67 from ¥25,249,187.05 in the previous year[21]. - Basic and diluted earnings per share fell by 48.84% to ¥0.22 from ¥0.43 year-on-year[21]. - The weighted average return on equity decreased to 2.29% from 4.84% in the previous year[21]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2022, representing a year-on-year increase of 20%[126]. - The company reported a total revenue of 288.48 million CNY for the first half of 2022, with a year-on-year growth of 15%[136]. - The company reported a net profit margin improvement, with net profit for the first half of 2022 reflecting a positive trend compared to the previous year[183]. Cash Flow and Assets - The net cash flow from operating activities improved by 37.14%, reaching -¥24,590,139.65 compared to -¥39,116,974.48 in the same period last year[21]. - The company reported a significant increase in cash and cash equivalents of ¥51,801,765.40, a 122.93% increase year-on-year, attributed to improved sales collections[59]. - Cash and cash equivalents increased to ¥158,906,644, representing 10.16% of total assets, up from 7.11% last year, a 3.05% increase[66]. - The total assets at the end of the reporting period were ¥1,563,712,904.83, a 2.28% increase from ¥1,528,792,194.63 at the end of the previous year[21]. - The company's total current assets amounted to CNY 1,204,299,639.40, a slight decrease from CNY 1,236,166,069.37 at the beginning of the year[176]. - The total cash and cash equivalents at the end of the period reached CNY 151,855,394.81, compared to CNY 37,738,208.91 at the end of the first half of 2021, reflecting a significant increase[192]. Investments and R&D - Research and development investment amounted to ¥8,827,454.23, a decrease of 6.82% from the previous year[59]. - The company has allocated 200 million RMB for research and development in 2022, focusing on sustainable technologies[126]. - Research and development expenses increased by 30% to 50 million CNY, focusing on innovative environmental technologies[136]. - The company has initiated research and development for new products aimed at sustainability and environmental protection[199]. Market and Business Strategy - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company aims to enhance operational efficiency by implementing new digital management systems, projected to save 50 million RMB annually[126]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[126]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB allocated for potential deals[128]. - The company is exploring potential mergers and acquisitions to strengthen its market position[199]. Environmental and Social Responsibility - The company operates in compliance with various environmental laws and regulations, focusing on solid waste pollution prevention and resource utilization[104]. - The company has implemented measures to control dust pollution and manage solid waste during its operations[104]. - The company has constructed renewable resource utilization projects that comply with national environmental standards, with all projects obtaining pollution discharge permits[108]. - The company donated 75,000 yuan to the "Renewal Paradise" public welfare project to support women's and children's development in Zhejiang Province[120]. - Zhonglan Environmental has committed to enhancing its social responsibility and will continue to focus on rural revitalization initiatives in the future[120]. Risks and Challenges - The company faces risks from industry policy changes that could affect order acquisition and implementation[87]. - Increased competition in the environmental protection industry may lead to customer loss and reduced market share if the company does not enhance its competitive strength[88]. - The company is closely monitoring the impact of the ongoing COVID-19 pandemic on its operations, with potential risks including project delays and payment slowdowns[90]. - The prices of key raw materials, such as geotextiles and geogrids, are subject to fluctuations based on international oil prices, which could affect profitability if procurement costs exceed expectations[91]. - The company is experiencing pressure on working capital due to high accounts receivable and inventory levels as it expands its operations in waste pollution control and ecological restoration[93]. Corporate Governance - The company adheres to strict corporate governance and shareholder rights protection, ensuring compliance with relevant laws and regulations[116]. - There were no non-operating fund occupations by major shareholders during the reporting period, reflecting good corporate governance[133]. - The company has not engaged in any external guarantees that violate regulations, maintaining financial integrity[134]. - The management emphasized the importance of compliance with regulatory commitments to protect investor interests[129].

Financial Performance - The company's operating revenue for 2021 was approximately ¥698.88 million, representing a 1.50% increase compared to ¥688.56 million in 2020[21]. - The net profit attributable to shareholders for 2021 was approximately ¥101.78 million, a 2.82% increase from ¥98.99 million in 2020[21]. - The net profit after deducting non-recurring gains and losses decreased by 34.88% to approximately ¥56.95 million in 2021 from ¥87.44 million in 2020[21]. - The total assets at the end of 2021 were approximately ¥1.53 billion, a 35.91% increase from ¥1.12 billion at the end of 2020[21]. - The net assets attributable to shareholders increased by 46.12% to approximately ¥948.87 million at the end of 2021 from ¥649.36 million at the end of 2020[21]. - The basic earnings per share for 2021 was ¥1.26, down 5.26% from ¥1.33 in 2020[21]. - The weighted average return on equity for 2021 was 13.58%, a decrease of 2.66% from 16.24% in 2020[21]. - The company reported a negative net cash flow from operating activities of approximately -¥46.97 million in 2021, a decline of 160.22% compared to ¥77.99 million in 2020[21]. - The company's total financial assets at fair value increased to 244.55 million yuan, with significant transactions in bank wealth management products during the reporting period[86]. - The company reported a total revenue of 361.4 million for the period, with a year-on-year growth of 56.36%[91]. Dividend and Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1.50 RMB per 10 shares (including tax) based on a total of 99,094,000 shares[7]. - The company proposed a cash dividend of CNY 1.50 per 10 shares, totaling CNY 14,864,100, which represents 100% of the profit distribution[158]. - The cumulative undistributed profits available for distribution to shareholders as of December 31, 2021, were CNY 255,472,552.32[160]. Environmental Commitment and Initiatives - The company has a commitment to environmental and social responsibility, which is outlined in its annual report[5]. - The company is focused on developing a circular economy, promoting resource conservation and efficient recycling to support national resource security[37]. - The company aims to achieve a comprehensive utilization of 4 billion tons of major solid waste by 2025 and 4.5 billion tons by 2030[40]. - The company is committed to reducing the direct landfill of plastic waste significantly, aiming for a substantial decrease in environmental leakage[38]. - The company emphasizes the importance of safety and environmental protection in its operations, particularly in the management of hazardous waste[42]. - The company is actively involved in the development of low-carbon processes and digital transformation in the industrial sector[38]. - The company has established effective pollution control measures in compliance with national environmental laws and standards[171]. - The company’s ecological restoration business contributes to carbon reduction efforts in the solid waste disposal sector[173]. Research and Development - The company has filed for 5 new patents related to environmental technology innovations in the past year[136]. - The company has established partnerships with three major universities for collaborative research on sustainable waste management solutions[136]. - The company has successfully applied its core technologies in over 500 projects across 31 provinces and several countries along the Belt and Road Initiative[57]. - The total R&D expenditure for 2021 was ¥25,739,553.35, accounting for 3.68% of operating revenue, slightly down from 3.73% in 2020[77]. - The company applied for a new utility model patent related to landfill gas collection technology, indicating ongoing innovation efforts[77]. Market Position and Growth Strategy - The company is positioned in an expanding phase of the solid waste treatment industry, benefiting from national policies promoting environmental governance[47]. - The solid waste treatment industry is expected to maintain a compound annual growth rate (CAGR) of approximately 10% during the 14th Five-Year Plan period, with environmental governance revenue projected to exceed 3 trillion CNY by 2025[108]. - The company aims to enhance its capabilities in solid waste management, focusing on landfill monitoring, resource recovery from waste incineration, and expanding into medical waste disposal[111]. - The company plans to invest in research and development, particularly in the full industrial chain application of wet waste treatment under the waste classification system[112]. - The company is actively expanding its market presence through strategic acquisitions and investments in new technologies[91]. Governance and Management - The board of directors consists of 12 members, including 4 independent directors, and held 8 meetings during the reporting period, all in compliance with legal requirements[123]. - The company maintains independence in assets, personnel, finance, institutions, and business from its controlling shareholders and actual controllers, ensuring sustainable operations[125]. - The company has a stable main business and management team, with no significant adverse changes in the last two years, and the actual controller's ownership remains clear[126]. - The company has established a tripartite supervision agreement for the management of raised funds[96]. - The company has a complete and independent procurement, research and development, and sales system, ensuring no competition or unfair transactions with controlling shareholders[126]. Risks and Challenges - The company faces risks related to industry policy changes, which could significantly impact order acquisition and implementation[115]. - The company is at risk of intensified competition as more strong enterprises may enter the market due to increased government investment in environmental protection[115]. - The company is exposed to raw material price fluctuations, particularly for geosynthetic materials, which are influenced by international oil prices[118]. - The company is experiencing operational risks due to the ongoing global pandemic, which may affect project timelines and client payments[117]. Community Engagement and Social Responsibility - The company actively participates in social responsibility initiatives, including donations for COVID-19 prevention efforts, demonstrating its commitment to community support[179]. - Future plans include enhancing rural revitalization efforts and contributing to poverty alleviation through industry support and environmental restoration projects[181]. - The company aims to improve ecological environments and land value by addressing landfill site issues and promoting green initiatives[181].

Financial Performance - The company's revenue for Q1 2022 was ¥63,917,753.54, a decrease of 31.11% compared to ¥92,784,193.84 in the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥8,609,986.87, representing a decline of 192.75% from a profit of ¥9,282,681.27 in the previous year[3]. - The net loss for the period was ¥8,425,476.59, a decrease of 189.10% from a profit of ¥9,456,346.99 in the same period last year[8]. - The total comprehensive income attributable to the parent company was -8,617,936.88 CNY, down from 9,284,993.72 CNY in the previous period[22]. - The basic and diluted earnings per share were both -0.09 CNY, compared to 0.12 CNY in the previous period[22]. Cash Flow - The net cash flow from operating activities was -¥51,438,305.23, a significant decrease of 1,284.57% compared to -¥3,715,097.80 in Q1 2021[3]. - Cash inflows from operating activities totaled 149,561,443.24 CNY, a decrease from 159,129,587.77 CNY in the previous period[24]. - The net cash flow from investing activities was 52,869,049.86 CNY, an increase from 13,412,818.96 CNY in the previous period[25]. - The net cash flow from financing activities was -288,744.39 CNY, compared to 921,802.36 CNY in the previous period, indicating reduced financing activity[25]. - The ending cash and cash equivalents balance was 101,188,967.18 CNY, down from 25,125,129.96 CNY in the previous period[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,415,031,069.06, down 7.44% from ¥1,528,792,194.63 at the end of the previous year[3]. - Current assets total CNY 1,105,150,609.83, a decrease from CNY 1,236,166,069.37 at the beginning of the year[16]. - Non-current assets amount to CNY 309,880,459.23, up from CNY 292,626,125.26 at the beginning of the year[17]. - Total liabilities are CNY 444,736,378.48, down from CNY 550,087,559.20 at the beginning of the year[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 11,697[10]. - The largest shareholder, Ge Fang, holds 23.06% of the shares, amounting to 22,847,500 shares[10]. - The second-largest shareholder, Kong Xiongjun, holds 13.73% of the shares, totaling 13,601,500 shares[10]. - The third-largest shareholder, Liu Qingsong, owns 11.66% of the shares, which is 11,550,000 shares[10]. - The total number of shares held by the top 10 shareholders is 75,574,349 shares, with a significant portion being subject to lock-up agreements[14]. Expenses - Research and development expenses decreased by 58.72% to ¥2,068,906.03 from ¥5,012,382.79 in the same period last year[8]. - The company experienced a 40.02% increase in management expenses, totaling ¥13,633,738.14, primarily due to increased intermediary fees and personnel costs[8]. - Total operating costs for the current period amount to CNY 69,253,736.11, down from CNY 89,180,816.40 in the previous period[21]. Investment and Income - The investment income increased by 129.62% to ¥1,991,833.76, attributed to improved profit levels from associated enterprises[8]. - The company recorded a significant loss in fair value changes of financial assets, amounting to -¥8,877,068.65, a decline of 1,760.29% compared to the previous year[8]. - The company reported a tax refund of 863,751.29 CNY, compared to 611,565.51 CNY in the previous period, showing an improvement in tax recovery[24].

Financial Performance - The company's revenue for Q3 2021 was ¥187,011,323.60, representing a 3.23% increase year-over-year[4] - Net profit attributable to shareholders for Q3 2021 was ¥43,074,084.80, a significant increase of 110.07% compared to the same period last year[4] - Basic earnings per share for Q3 2021 were ¥0.58, reflecting a 107.14% increase year-over-year[5] - Total operating revenue for the third quarter reached ¥450,157,635.38, an increase of 10.3% compared to ¥409,260,836.23 in the same period last year[29] - Operating profit for the period was ¥92,986,992.64, up 67.1% from ¥55,606,734.28 year-on-year[30] - Net profit attributable to the parent company was ¥75,274,408.58, representing a 70.4% increase from ¥44,208,883.14 in the previous year[30] - The company recorded a total comprehensive income of ¥80,397,220.28, an increase from ¥49,025,123.17 year-on-year[31] Assets and Liabilities - Total assets as of September 30, 2021, reached ¥1,423,205,512.50, marking a 26.52% increase from the end of the previous year[5] - The total liabilities stood at RMB 473,678,482.78, up from RMB 454,435,311.01 at the end of 2020[26] - The total assets amounted to ¥1,423,205,512.50, an increase from ¥1,124,842,534.00 year-on-year[30] - The company's total equity attributable to shareholders reached ¥922,375,219.93, up from ¥649,363,710.09 in the previous year[30] - The total cash and cash equivalents at the end of the period reached CNY 223,956,962.41, an increase of CNY 209,456,032.93 from the beginning of the period[35] Cash Flow - The company reported a net cash flow from operating activities of -¥86,834,164.55, indicating a significant decline of 429.24% year-over-year[5] - Operating cash flow for the first nine months of 2021 was -86,834,164.55, a decrease of 429.24% compared to 26,374,024.48 in the same period of 2020, primarily due to project completion delays caused by the pandemic[13] - Investment activities generated a net cash inflow of ¥78,857,925.27, a significant recovery from a net outflow of ¥79,245,853.59 in the previous year[34] - The net cash flow from financing activities was CNY 217,437,696.88, a decrease of CNY 38,785,542.62 compared to the previous period[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,454[15] - The largest shareholder, Ge Fang, holds 23.06% of shares, totaling 22,847,500 shares[15] - The second-largest shareholder, Kong Xiong Jun, holds 13.73% of shares, totaling 13,601,500 shares[15] - The third-largest shareholder, Liu Qingsong, holds 11.66% of shares, totaling 11,550,000 shares[15] - The company plans to release the lock-up on shares held by major shareholders on September 17, 2024[18] Investment and Expansion Plans - The company plans to continue expanding its market presence and developing new technologies to enhance operational efficiency[4] - The company plans to acquire 100% equity of Wuhan Haosheng Jielv Environmental Technology Co., Ltd. to enhance market expansion and resource integration[22] Financial Adjustments and Standards - The company has implemented new leasing standards starting from January 1, 2021, which required adjustments to the financial statements[36] - The report for the third quarter was not audited[41]