Financial Performance - The company's operating revenue for Q1 2021 was ¥94,407,548.34, representing a 23.61% increase compared to ¥76,374,873.77 in the same period last year[9] - The net profit attributable to shareholders was ¥21,233,126.75, a slight increase of 1.74% from ¥20,869,516.49 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,931,261.63, up 9.84% from ¥16,325,005.14 in the previous year[9] - The basic earnings per share decreased by 24.14% to ¥0.44 from ¥0.58 in the same period last year[9] - The weighted average return on equity dropped to 1.97%, down 8.32% from 10.29% in the previous year[9] - The total assets at the end of the reporting period were ¥1,313,875,706.01, a decrease of 4.09% from ¥1,369,949,427.78 at the end of the previous year[9] - The net assets attributable to shareholders increased by 1.99% to ¥1,090,894,823.20 from ¥1,069,661,696.45 at the end of the previous year[9] - The net cash flow from operating activities was negative at -¥41,246,282.23, worsening by 8.56% compared to -¥37,993,713.13 in the same period last year[9] Cash Flow and Investments - The company received government subsidies amounting to ¥725,324.49 during the reporting period[10] - The net cash flow from investment activities was negative RMB 460,913,145.42, a 206.09% increase in outflow compared to negative RMB 150,580,288.73, primarily due to increased financial management[26] - The company reported an investment income of ¥2,190,807.55, up from ¥26,583.33 in the previous period, indicating a significant improvement in investment performance[53] - The net cash flow from financing activities was -22,712,109.15 yuan, reflecting a decrease in cash available for financing[63] - The total cash inflow from investment activities was 229,182,149.86 yuan, significantly up from 35,026,583.33 yuan in the previous period[63] Assets and Liabilities - As of March 31, 2021, total current assets amounted to CNY 1,238,634,184.80, a decrease of 4.54% from CNY 1,297,860,190.29 on December 31, 2020[44] - Total liabilities decreased from CNY 273,493,291.62 to CNY 194,835,219.69, reflecting a decline of approximately 28.73%[46] - The company's total assets decreased from CNY 1,369,949,427.78 to CNY 1,313,875,706.01, a decline of approximately 4.10%[46] - The current liabilities decreased from CNY 272,243,291.62 to CNY 191,076,188.96, a reduction of about 29.87%[46] - The company's retained earnings increased from CNY 219,024,854.75 to CNY 240,257,981.50, an increase of approximately 9.69%[47] Operational Highlights - The company has signed significant orders related to ecological and environmental projects, contributing to revenue growth[29] - The company has increased its market development efforts, successfully undertaking various environmental system integration projects[29] - The company is facing intensified market competition, particularly from state-owned enterprises, which may impact its operational performance[30] - The company plans to enhance its R&D capabilities and has established a new R&D plan for the year, focusing on market demand and technological trends[29] - The company has committed to maintaining a high level of R&D investment to support continuous technological innovation[30] Employee and Compensation - The company’s employee compensation payable decreased by 67.79% to RMB 24,273,100.09 from RMB 75,357,912.92, due to payments made for the previous year's compensation[21] - The company paid 86,247,635.46 yuan in employee compensation, up from 64,783,524.61 yuan in the previous period, indicating higher labor costs[62] Future Plans and Strategies - The company discussed future national market expansion plans and strategies during investor communications[40] - The company plans to continue enhancing talent team building and explore mergers and acquisitions as part of its growth strategy[40]

Dividend Distribution - The company plans to distribute a cash dividend of 10 RMB per 10 shares (including tax) to all shareholders, with a capital reserve conversion of 9 shares for every 10 shares held[6]. - The company plans to distribute a cash dividend of 10.00 yuan per 10 shares (including tax), totaling 48 million yuan, which represents 36.38% of the net profit attributable to shareholders[119]. - The cash dividend policy has been strictly adhered to, ensuring clarity in distribution standards and protecting shareholder interests[119]. - The company has maintained a consistent cash dividend payout over the past three years, with 30 million yuan in 2019 and 26 million yuan in 2018[125]. - The company’s profit distribution plan aligns with its articles of association and shareholder resolutions, ensuring compliance with regulations[119]. Financial Performance - The company's operating revenue for 2020 was ¥483,508,741.49, representing a 14.18% increase compared to ¥423,454,925.43 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥131,934,925.76, which is a 20.06% increase from ¥109,887,031.04 in 2019[18]. - The total assets at the end of 2020 reached ¥1,369,949,427.78, a significant increase of 211.43% from ¥439,894,724.09 at the end of 2019[18]. - The net assets attributable to shareholders increased by 453.38% to ¥1,069,661,696.45 at the end of 2020, compared to ¥193,295,150.60 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥3.30, an increase of 8.20% from ¥3.05 in 2019[18]. - The company reported a weighted average return on equity of 26.56% in 2020, down from 74.74% in 2019, indicating a decrease of 48.18%[18]. Environmental Services - The company emphasizes the importance of environmental services as a significant part of the strategic emerging industries in China[11]. - The company is committed to providing comprehensive environmental solutions, including environmental technology services and pollution control engineering[12]. - The company engaged in environmental investigation and assessment, providing services such as environmental damage judicial appraisal and site investigation[27]. - The company maintained its position as a leading provider of environmental research, consulting, and design services, with a strong focus on sustainable development[27]. - The company is positioned to benefit from increasing demand for third-party environmental protection services due to stricter regulations and policies[39]. Research and Development - The company applied for 38 new patents and was granted 16 patents during the reporting period, including 5 invention patents[45]. - The company plans to enhance its R&D capabilities by investing in pollution control and resource recovery technologies, focusing on high-toxicity pollutant control and low-consumption, high-efficiency environmental technologies[101]. - In 2020, the company's R&D expenses increased by 17.36% to ¥33,721,296.37, representing 6.97% of total revenue[66]. - The number of R&D personnel increased to 74, accounting for 13.14% of the total workforce[66]. Market Presence and Expansion - The company expanded its market presence by establishing branches in Anhui and Suzhou, enhancing local market competitiveness[49]. - Revenue from Jiangsu Province accounted for 78.97% of total revenue, with a year-on-year growth of 18.99%[56]. - The environmental research, consulting, and design segment saw a significant revenue increase of 37.69%, contributing CNY 211.08 million to total revenue[56]. - The company signed strategic cooperation agreements with multiple local environmental authorities, enhancing its project portfolio[49]. Financial Management and Investments - The company raised ¥786,487,904.00 through financing activities, a staggering increase of 3,319.51% compared to the previous year[68]. - The company's cash and cash equivalents grew by 155.34% compared to the beginning of the period, primarily due to the issuance of new shares[41]. - The company has established a localized service platform to enhance responsiveness to customer needs and improve service quality[32]. - The company has committed to invest RMB 57,500,000 in various projects, with RMB 18,841,900 already utilized[86]. Risk Management - The company acknowledges potential risks in its future operations and encourages investors to be aware of investment risks[6]. - The company faces risks from intensified market competition, particularly from strong state-owned enterprises entering the environmental sector[107]. - The company is exposed to regional concentration risk, with a significant portion of its revenue dependent on the economic performance of Jiangsu province[108]. - The company has established a comprehensive subcontractor management system to mitigate project management and quality risks[111]. Corporate Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[5]. - The company has fulfilled all commitments made by actual controllers, shareholders, related parties, and acquirers during the reporting period[126]. - The company is committed to reducing and regulating related party transactions to avoid conflicts of interest[135]. - The company has established a "Stabilization Plan" to protect investor interests, which includes legal responsibilities for compliance[149]. Shareholder Commitments - The company has committed to not transferring or entrusting the management of shares held directly or indirectly for 36 months from the date of listing, which is from August 24, 2020, to August 23, 2023[127]. - The company will ensure that any related party transactions are conducted at fair market prices[135]. - The company has pledged to ensure the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions that may cause investor losses[156]. - The company has committed to strictly fulfill all public commitments made during its initial public offering and listing on the Growth Enterprise Market[171].

Financial Performance - Operating revenue for the quarter was ¥122,610,847.08, up 22.53% from the same period last year[9]. - Net profit attributable to shareholders was ¥30,069,192.89, representing a 24.14% increase year-over-year[9]. - The net profit after deducting non-recurring gains and losses was ¥27,174,281.52, which is a 33.03% increase compared to the previous year[9]. - Basic earnings per share were ¥0.75, an increase of 11.94% year-over-year[9]. - The total operating revenue for the third quarter reached CNY 122,610,847.08, compared to CNY 100,068,268.73 in the previous period, indicating a significant increase[40]. - The net profit for the third quarter reached CNY 30,669,252.86, compared to CNY 24,852,725.10 in the same period last year, representing a growth of approximately 23.0%[42]. - The total profit for the third quarter was CNY 34,941,398.65, compared to CNY 28,374,625.21 in the same period last year, representing a growth of about 23.5%[42]. - The company reported a net profit of CNY 184,338,915.89, up from CNY 122,650,725.52, reflecting improved profitability[35]. - The company reported a total operating cost of CNY 87,041,658.88, compared to CNY 77,740,776.96 in the previous period, marking an increase of about 11.7%[41]. - The total comprehensive income for the third quarter was CNY 30,669,252.86, compared to CNY 24,852,725.10 in the same period last year, indicating a growth of approximately 23.0%[43]. Asset and Equity Growth - Total assets increased to ¥1,236,887,753.90, a growth of 181.18% compared to the previous year[9]. - Net assets attributable to shareholders reached ¥1,030,276,913.75, reflecting a significant increase of 433.01% year-over-year[9]. - Cash and cash equivalents increased by 200.63% to ¥785,662,711.10 due to the issuance of new shares[20]. - Total current assets increased to ¥1,168,127,045.99 from ¥396,641,550.37, reflecting significant growth[31]. - Owner's equity increased to CNY 1,054,050,752.54, compared to CNY 214,941,459.69 in the previous year, showcasing strong growth[35]. - The company's equity capital increased by 33.33% to ¥48,000,000.00 following the new share issuance[20]. - The company’s capital reserve surged to CNY 778,636,841.70 from CNY 15,262,551.98, highlighting strong capital accumulation[38]. Cash Flow Analysis - Cash flow from operating activities showed a significant decline, with a net amount of ¥11,147,948.81, down 73.26% from the previous year[9]. - The net cash flow from financing activities surged to ¥722,260,198.91, a significant increase due to funds raised from the IPO[23]. - The cash inflow from operating activities amounted to CNY 253,927,064.11, an increase from CNY 235,058,095.02 in the previous period, representing a growth of approximately 7.9%[58]. - The net cash flow from financing activities was CNY 722,260,198.91, compared to a negative CNY -5,710,372.15 in the previous period[59]. - The total cash and cash equivalents at the end of the period stood at CNY 779,812,722.62, a significant increase from CNY 42,665,155.08[59]. Liabilities and Financial Management - Current liabilities decreased to CNY 181,587,001.36 from CNY 223,703,264.40, reflecting improved financial management[34]. - The company has no overdue commitments from shareholders or related parties during the reporting period[24]. - There were no violations regarding external guarantees during the reporting period[25]. - The company reported a decrease in undistributed profits, which fell by ¥726,452.48 to ¥110,731,765.06[72]. Research and Development - Research and development expenses increased to CNY 8,231,881.69 from CNY 6,078,869.98, reflecting a rise of about 35.5%[41]. - Research and development expenses amounted to CNY 18,823,599.11, compared to CNY 17,219,260.69 in the previous year, indicating a focus on innovation[53]. Non-Recurring Gains and Losses - The company reported non-recurring gains totaling ¥8,764,211.75 for the year-to-date period[11]. - The company experienced a credit impairment loss of CNY -8,339,885.09, which was an increase from CNY -668,349.30 in the previous year[50].