Financial Performance - The company's revenue for Q1 2022 was ¥31,575,884.23, a decrease of 21.72% compared to ¥40,334,819.18 in the same period last year[3] - Net profit attributable to shareholders was ¥3,364,082.01, down 60.79% from ¥8,579,301.35 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥2,027,963.80, a decline of 73.69% compared to ¥7,708,575.50 in the previous year[3] - The total profit for Q1 2022 was ¥3,749,487.62, a decrease of 61.50% from ¥9,738,600.93 in the previous year[10] - In Q1 2022, the company reported a net profit of CNY 3,338,404.35, a decrease of 61.1% compared to CNY 8,579,301.35 in the same period last year[28] - The company's operating profit for Q1 2022 was CNY 2,440,876.95, down 72% from CNY 8,714,217.52 in Q1 2021[28] - The total comprehensive income for Q1 2022 was CNY 3,338,404.35, down 61.1% from CNY 8,579,301.35 in Q1 2021[28] Cash Flow and Assets - The net cash flow from operating activities improved to -¥6,058,789.35, an 82.17% increase from -¥33,982,753.23 in the same period last year[3] - The company's cash and cash equivalents decreased to CNY 124,577,604.95 from CNY 162,722,023.69 at the beginning of the year, reflecting a cash flow challenge[22] - The company's cash and cash equivalents at the end of Q1 2022 were CNY 114,161,494.79, a decrease from CNY 270,426,723.53 at the end of Q1 2021[30] - The total assets at the end of the reporting period were ¥1,115,160,425.27, a 1.64% increase from ¥1,097,137,162.85 at the end of the previous year[3] - The total liabilities increased to CNY 316,181,384.57 from CNY 301,651,370.50, suggesting a rise in financial obligations[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,964[12] - Qingdao Guanzhong Investment Group Co., Ltd. holds 35.79% of shares, totaling 50,115,750 shares[12] - Xu Jianping holds 8.78% of shares, totaling 12,299,250 shares[12] - The total number of restricted shares at the beginning of the period was 105,000,000, with 34,650,000 shares released during the period[15] - At the end of the period, the total number of restricted shares is 70,350,000[15] - The company plans to release 50,115,750 shares from Qingdao Guanzhong Investment Group on February 25, 2024[16] - The company has a significant number of shareholders with limited sale conditions, including Shenzhen Innovation Investment Group holding 5,734,750 shares[12] - The company has a diverse shareholder base with multiple entities holding over 1% of shares[12] - The total number of shares held by the top 10 shareholders represents a significant portion of the company's equity[12] - The company is actively managing its shareholder structure and preparing for future liquidity events[15] Research and Development - The company's R&D expenses increased by 106.25% to ¥3,715,838.19 compared to ¥1,801,629.37 in the same period last year[9] - Research and development expenses increased significantly to CNY 3,715,838.19, up 106.7% from CNY 1,801,629.37 in the previous year[30] Project and Contract Wins - The company won the "High Qing County Urban and Rural Greenway Network Project" with a total investment of approximately CNY 32.6 million and a contract value of about CNY 31.948 million, expected to positively impact financial results in 2022 and future years[17] - The company was the first-ranked bidder for the "Fushan Fire Passage (Greenway) Renovation and Upgrade" project, with a total bid amount of CNY 149,950,393.02[20] Operating Costs - The total operating costs for Q1 2022 were CNY 31,237,153.84, down from CNY 32,104,023.18 in the previous year, indicating a cost reduction strategy[26]

Financial Performance - The company's operating revenue for 2021 was CNY 402,028,962.94, representing a 37.66% increase compared to CNY 292,036,715.35 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 78,127,175.03, a 23.05% increase from CNY 63,492,006.78 in 2020[25]. - The net cash flow from operating activities was negative CNY 120,221,087.74, a decrease of 253.60% compared to CNY 78,269,007.66 in 2020[25]. - The total assets at the end of 2021 were CNY 1,097,137,162.85, a 56.36% increase from CNY 701,656,679.29 at the end of 2020[25]. - The net assets attributable to shareholders at the end of 2021 were CNY 795,487,405.57, up 70.31% from CNY 467,085,072.99 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.5740, a 5.48% increase from CNY 0.5442 in 2020[25]. - The company received government subsidies amounting to CNY 9,854,573.80 in 2021, compared to CNY 1,848,968.31 in 2020[30]. - The company reported a total of CNY 10,232,060.51 in non-recurring gains and losses for 2021, significantly higher than CNY 1,495,436.95 in 2020[31]. - The company experienced a decline in the weighted average return on equity, which was 10.90% in 2021, down from 14.63% in 2020[25]. - The gross profit margin for 2021 was reported at 30%, a slight increase from 28% in 2020, indicating improved operational efficiency[163]. Risks and Challenges - The company faces risks related to inventory depreciation and contract asset impairment due to potential delays in project acceptance and settlement with government clients[8]. - The company has a relatively high proportion of accounts receivable, which may lead to bad debt risks if clients fail to make timely payments[9]. - The ongoing global pandemic presents uncertainties that may affect the company's business expansion and project timelines[6]. - The company faces risks from macroeconomic conditions and potential government funding shortages, which could impact project investments and payment efficiency[125]. - The company is at risk of inventory depreciation and contract asset impairment due to delays in project acceptance and settlement processes[129]. - The company is addressing accounts receivable risks by intensifying collection efforts, especially during key payment periods[130]. Talent and Human Resources - The company is experiencing a talent shortage in specialized R&D and project management due to rapid business growth, despite efforts to enhance recruitment and training[7]. - The company has established a complete employee compensation and incentive system to attract and retain talent[7]. - The number of R&D personnel increased by 62.16% from 37 in 2020 to 60 in 2021, with a notable rise in personnel holding master's degrees by 63.64%[86]. - The company aims to enhance its talent evaluation mechanism and continue its talent strategy, increasing the number of personnel at various levels to support business growth[124]. - The company completed training for over 300 employees through a combination of online and in-person sessions in 2021[181]. Business Operations and Strategy - The company operates a comprehensive ecological restoration business model, integrating investment, technical consulting, material production, and project management[41]. - The company has established a unique "Guanzhong Ecology" theoretical system for ecological restoration, emphasizing natural plant communities and minimal human intervention[48]. - The company aims to restore ecological functions and structures in degraded areas, ensuring sustainable development of the environment[41]. - The company signed contracts totaling 629 million yuan in the reporting period, with 86% of projects adopting the EPC model[45]. - The company has implemented comprehensive safety management measures, achieving a reduction in accident rates and improving safety awareness across all project levels[64]. - The company is focusing on expanding its market presence and enhancing its service offerings through strategic investments and partnerships in the ecological protection sector[78]. - The company aims to enhance its ecological restoration services and product offerings through new technologies and market expansion initiatives[86]. Research and Development - The company maintained high R&D investment, with expenses of 13.20 million yuan, 14.57 million yuan, and 14.64 million yuan in 2019, 2020, and 2021 respectively[52]. - The company is investing heavily in R&D, allocating 100 million RMB for the development of new technologies and products in 2022[164]. - The company has developed new technologies for ecological restoration, enabling rapid industrial application and contributing to new orders from challenging regions[53]. - The company is researching a solar-water source heat pump central air conditioning system to achieve "zero carbon" emissions in green buildings, which will lower operational costs and open new product directions[83]. - The company is developing a lightweight substrate non-woven bag seedling technology that significantly improves seedling survival rates and accelerates afforestation speed, reducing maintenance costs[83]. Governance and Compliance - The company has established a complete and independent financial accounting system in accordance with the Enterprise Accounting Standards, enabling independent financial decision-making[148]. - The company operates independently in terms of assets, personnel, finance, organization, and business, ensuring no reliance on the controlling shareholder[145]. - The board of directors consists of 9 members, including 3 independent directors, meeting the requirements of the Company Law and relevant regulations[138]. - The company maintains a transparent information disclosure process, ensuring all shareholders have equal access to information[141]. - The company has established independent functional departments that operate without influence from the controlling shareholder[149]. Market Expansion and Future Plans - The company aims to strengthen its market presence in Shandong while expanding into other regions, particularly in Southwest, Northwest, Northeast, and South China[119]. - The company plans to align its strategies with national carbon neutrality goals, emphasizing ecological civilization as a key focus for high-quality development[110]. - The company is focused on expanding its market presence and enhancing its product offerings, particularly in ecological and environmental sectors[159]. - Qingdao Guanzhong plans to enter two new markets in Southeast Asia by the end of 2022, aiming to increase its market share by 5% in these regions[163]. - The company has completed a strategic acquisition of a local competitor for 200 million RMB, expected to enhance its operational capabilities and market presence[164]. Community Engagement and Social Responsibility - The company actively supports rural revitalization and poverty alleviation, donating a total of 70,000 RMB to various community projects[198]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[196].

Financial Performance - The company's operating revenue for Q3 2021 was ¥90,689,977.96, representing a 56.12% increase compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was ¥18,115,923.75, a 65.21% increase year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,601,329.80, showing a 3.75% increase compared to the same period last year[3] - The basic earnings per share for Q3 2021 was ¥0.13, down 18.75% year-on-year[3] - The weighted average return on equity was 2.39%, a slight decrease of 0.05% compared to the same period last year[3] - Total operating revenue for Q3 2021 was CNY 250,866,223.43, an increase of 10.5% compared to CNY 226,710,734.96 in the same period last year[23] - Net profit for Q3 2021 was CNY 50,360,336.66, a decrease of 6.4% from CNY 53,420,432.15 in Q3 2020[24] - Basic and diluted earnings per share were both CNY 0.37, down from CNY 0.76 in the previous year[24] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥1,007,313,007.60, reflecting a 43.56% increase from the end of the previous year[3] - The equity attributable to shareholders increased by 64.36% to ¥767,720,567.20 compared to the end of the previous year[3] - The total current assets amounted to ¥564,538,210.80 as of the third quarter of 2021[30] - The total assets of the company as of September 30, 2021, are ¥1,007,313,007.60, compared to ¥701,656,679.29 at the end of 2020[21] - The company's total liabilities as of September 30, 2021, are ¥239,592,440.40, compared to ¥234,571,606.30 at the end of 2020[21] - The total liabilities amounted to ¥234,702,860.95, indicating a slight increase due to the new leasing liabilities[31] - The total number of restricted shares at the end of the period is 105,000,000, with 1,811,848 shares released during the period[15] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥83,708,184.74, a decrease of 227.39% compared to the same period last year[3] - The net cash flow from operating activities decreased by 227.39% to approximately -¥83.71 million, mainly due to a reduction in cash received from sales of goods and services[9] - Cash flow from operating activities showed a net outflow of CNY -83,708,184.74, compared to a net inflow of CNY 65,708,760.59 in the same period last year[26] - Cash flow from investing activities resulted in a net outflow of CNY -144,843,960.00, worsening from a net outflow of CNY -25,659,400.15 year-over-year[27] - Cash flow from financing activities generated a net inflow of CNY 229,267,351.29, compared to a net outflow of CNY -5,095,628.41 in the previous year[27] Investments and Expenses - The company has increased its investment in long-term equity by 160.39% to ¥52,804,837.93, reflecting a strategic focus on joint ventures[8] - The company's sales expenses increased by 83.28% year-on-year, reaching approximately ¥4.62 million, primarily due to higher employee compensation and bidding service fees[9] - Investment income rose by 119.58% year-on-year to approximately ¥2.95 million, attributed to gains from purchased bank wealth management products[9] - Research and development expenses increased to CNY 11,120,948.02, up from CNY 10,396,829.59 in the same period last year[23] Government and Financing Activities - The company reported a net cash flow from financing activities of approximately ¥229.27 million, a significant increase of 4,599.29%, primarily from the proceeds of the initial public offering[9] - The company recorded a significant increase in government subsidies, with non-operating income rising by 385.99% to approximately ¥9.72 million[9] - The company has newly incurred long-term borrowings of ¥5 million, reflecting its strategy to enhance liquidity[9] - The company has a cash balance of ¥120,956,936.15 as of September 30, 2021, compared to ¥113,045,626.45 at the end of 2020[19] Contracts and Projects - The company has signed a contract for the "Leping City Abandoned Mine Ecological Restoration Project" with a total contract price of approximately ¥50,866,597.22[16] - The company is involved in the "Jianshui County Historical Mine Ecological Restoration Project" with an estimated total investment of ¥454,075,700, including approximately ¥400,000,000 for engineering costs[18] - The company has ongoing contracts that are expected to positively impact its financial status and operating results for 2021 and future years[18] Miscellaneous - The third quarter report for 2021 was not audited, indicating a preliminary financial status[32] - The company has not disclosed any new product developments or market expansion strategies in the current report[32]

Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2021, representing a 15% increase compared to the same period last year[16]. - The net profit attributable to shareholders was RMB 30 million, up 10% year-on-year[16]. - The company's operating revenue for the reporting period was CNY 160,176,245.47, a decrease of 5.01% compared to the same period last year[23]. - The net profit attributable to shareholders was CNY 32,244,412.91, reflecting a decline of 24.05% year-over-year[23]. - The basic earnings per share decreased by 60.66% to CNY 0.24[23]. - The total comprehensive income for the first half of 2021 was CNY 33,225,023.55, compared to CNY 40,250,523.63 in the same period of 2020, reflecting a decrease of approximately 17.5%[159]. - Basic and diluted earnings per share for the first half of 2021 were both CNY 0.25, down from CNY 0.58 in the first half of 2020, indicating a decline of about 56.9%[162]. - The company reported a profit distribution of CNY -7,467,200.00 during the first half of 2021, indicating a decrease in retained earnings[168]. Investment and Development - The company plans to invest RMB 50 million in new product development and technology research in the upcoming year[16]. - The company has committed to invest a total of RMB 45,448.20 million, with RMB 25,774.24 million already utilized, representing a progress rate of 56.73%[70]. - The ecological restoration product production project has achieved an investment of RMB 10,242.00 million, with a progress rate of 10.03% as of December 2023[70]. - The supplementary engineering project has seen an investment of RMB 15,532.24 million, achieving a progress rate of 16.33%[70]. - Research and development investment increased by 3.20% to ¥7,062,215.51 from ¥6,843,421.62 in the previous year[49]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting three new provinces by the end of 2022[16]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[16]. - The company has adopted various market development strategies, including collaboration with state-owned enterprises and local quality upstream companies to enhance competitiveness in external markets[38]. - The company is transitioning to more complex project models such as PPP and EPC to enhance its service offerings and project scale[38]. Operational Challenges and Risks - Risk management strategies have been implemented to address potential market fluctuations and operational challenges[5]. - The ongoing global pandemic poses risks to project bidding and implementation, prompting the company to enhance online bidding capabilities[80]. - The company faces macroeconomic risks, particularly related to government financing and investment activities, which could impact business performance[79]. - The company is actively addressing potential talent shortages due to rapid business growth by improving recruitment and training strategies[80]. Corporate Governance and Shareholder Relations - No cash dividends or stock bonuses will be distributed to shareholders for this reporting period[6]. - The company did not distribute cash dividends or bonus shares for the half-year period[86]. - The first temporary shareholders' meeting had a participation rate of 65.57% on March 22, 2021[84]. - The annual shareholders' meeting had a participation rate of 64.92% on May 18, 2021[84]. - The company actively participated in investor education and protection activities, enhancing investor relations through online performance briefings[90]. Financial Position and Assets - The total assets at the end of the reporting period amounted to CNY 998,083,345.63, representing an increase of 42.25% from the end of the previous year[24]. - The net assets attributable to shareholders increased by 60.49% to CNY 749,604,643.45 compared to the previous year[24]. - The total liabilities stood at CNY 248,478,702.18, slightly up from CNY 234,571,606.30, indicating an increase of around 5.0%[146]. - The total equity attributable to shareholders rose to CNY 749,604,643.45 from CNY 467,085,072.99, reflecting a significant increase of approximately 60.3%[147]. - The company reported a significant increase in long-term equity investments, rising to CNY 52,127,429.07, which is 5.22% of total assets, an increase of 2.33%[56]. Project Management and Execution - The company has implemented refined project management practices, ensuring project quality while reducing costs through comprehensive monitoring[39]. - Ongoing typical ecological restoration projects include the Zibo High-tech Zone Muling Mountain Project and the Haicheng Magnesium Mine Ecological Restoration Project[37]. - The company has completed numerous ecological restoration projects across 70 cities in 30 provinces and regions, demonstrating extensive cross-regional project experience[45]. - The company has significantly improved its capability to undertake large and complex ecological restoration projects, including water environment governance and comprehensive management projects[36]. Accounting and Financial Reporting - The half-year financial report has not been audited[97]. - The financial statements were prepared based on the going concern assumption, indicating the company's ability to continue operations[185]. - The accounting policies are aligned with the enterprise accounting standards, ensuring accurate financial reporting[187]. - The company adopts the book value measurement method for assets and liabilities acquired in business combinations under common control, adjusting the capital reserve for the difference between the net asset book value and the payment for the merger[191]. Social Responsibility and Community Engagement - The company provided over 20,000 yuan worth of rice for disaster relief after the 6.4 magnitude earthquake in Dali, Yunnan[92]. - The company has implemented a "life community building" indoor air self-circulation system to promote energy conservation and emission reduction[92].

Financial Performance - The company's operating revenue for Q1 2021 was ¥40,334,819.18, a decrease of 0.32% compared to ¥40,463,109.95 in the same period last year[7] - Net profit attributable to shareholders was ¥8,579,301.35, representing an increase of 3.68% from ¥8,274,627.15 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥7,708,575.50, up 3.44% from ¥7,452,103.07 in the previous year[7] - Basic and diluted earnings per share were both ¥0.090, down 25.00% from ¥0.12 in the previous year[7] - The company's net profit for the period was not explicitly stated, but the increase in undistributed profits rose to CNY 256,310,879.51 from CNY 245,842,767.22[38] - The total profit for the first quarter of 2021 was CNY 12,092,819.00, an increase from CNY 11,212,885.37 in the previous period[46] - The total comprehensive income for the first quarter of 2021 was CNY 10,468,112.29, compared to CNY 9,965,426.40 in the previous year[47] Cash Flow and Liquidity - The net cash flow from operating activities was -¥33,982,753.23, a decline of 25.91% compared to -¥26,990,592.26 in the same period last year[7] - Cash and cash equivalents increased significantly to 169.38 million yuan, a change of -425.60% due to the receipt of 25.8 million yuan from the public offering[18] - Cash and cash equivalents increased to CNY 289,385,887.50 from CNY 113,045,626.45 year-over-year[32] - The cash flow from operating activities included CNY 32,516,996.16 received from sales, compared to CNY 37,103,179.50 in the previous period[49] - The net cash flow from operating activities was -33,982,753.23 CNY, compared to -26,990,592.26 CNY in the previous period, indicating a decline of approximately 26.5%[50] - Total cash inflow from financing activities reached 272,420,000.00 CNY, significantly higher than 15,000,000.00 CNY in the previous period, marking an increase of 1,714.8%[51] - The total cash and cash equivalents at the end of the period amounted to 270,426,723.53 CNY, a significant increase from 27,583,828.14 CNY in the previous period[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥925,445,705.06, an increase of 31.89% from ¥701,656,679.29 at the end of the previous year[7] - Total assets rose to 925.45 million yuan, reflecting a year-on-year growth of 31.89% driven by the public offering funds[18] - The total liabilities decreased by 19.02% to 189.96 million yuan, primarily due to repayment of short-term loans[18] - The total liabilities decreased to CNY 179,326,228.30 from CNY 228,191,129.44, indicating a reduction in financial leverage[38] - Total assets as of Q1 2021 amounted to CNY 700,470,006.68, with total liabilities at CNY 228,191,129.44[61] - The total liabilities and owner's equity combined reached CNY 700,470,006.68, indicating stable financial structure[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,509[10] - The largest shareholder, Qingdao Guanzhong Investment Group Co., Ltd., holds 35.79% of the shares, totaling 33,410,500 shares[10] - Owner's equity increased by 57.46% to 735.49 million yuan, bolstered by the capital raised from the public offering[18] - The company's equity attributable to shareholders increased to CNY 742,572,954.83 from CNY 472,278,877.24, showing a robust increase in shareholder value[38] Investment and R&D - Research and development expenses surged by 160.38% to 1.80 million yuan, indicating increased investment in R&D projects[18] - Research and development expenses increased to CNY 1,801,629.37 from CNY 691,926.26, highlighting a commitment to innovation[41] - Long-term equity investments increased by 157.86% to 52.29 million yuan, with a new investment of 30 million yuan in a joint venture[18] - The company signed a major contract for an ecological restoration project in Qiqihar with a total investment of 858 million yuan, although construction has been delayed[20] Government Support and Compliance - The company received government subsidies amounting to ¥1,182,837.92 during the reporting period[8] - There were no violations regarding external guarantees during the reporting period[26] - The company reported no non-operating fund occupation by controlling shareholders during the reporting period[27] - The company has not encountered any significant changes in project feasibility or major deviations in expected benefits[24]

Financial Performance - The company's operating revenue for 2020 was ¥292,036,715.35, an increase of 5.04% compared to ¥278,036,712.11 in 2019 [20]. - The net profit attributable to shareholders for 2020 was ¥63,492,006.78, a decrease of 6.27% from ¥67,740,417.26 in 2019 [20]. - The net profit after deducting non-recurring gains and losses was ¥61,996,569.83, which represents a 4.11% increase from ¥59,548,247.36 in 2019 [20]. - The net cash flow from operating activities decreased by 22.97% to ¥78,269,007.66 from ¥101,610,470.47 in 2019 [20]. - The total assets at the end of 2020 were ¥701,656,679.29, reflecting a 4.18% increase from ¥673,516,686.69 at the end of 2019 [20]. - The net assets attributable to shareholders increased by 16.08% to ¥467,085,072.99 at the end of 2020 from ¥402,374,484.11 at the end of 2019 [20]. - The gross profit margin for the ecological protection and environmental governance industry was 42.87%, slightly down by 0.46% compared to the previous year [60]. - In 2020, the company achieved a revenue of 292.04 million yuan, representing a growth of 5.04% compared to the previous year, while net profit decreased by 6.27% to 63.49 million yuan [49]. Dividend Policy - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares (including tax) and to increase capital by 5 shares for every 10 shares held [8]. - The cash dividend represents 11.76% of the net profit attributable to the parent company for the year 2020, which was RMB 63,492,006.78 [108]. - The company has maintained a stable and continuous dividend distribution policy, ensuring that shareholders have clear expectations for future dividends [103]. - The company has not distributed dividends in the previous two years (2018 and 2019) due to the need for increased working capital for business expansion [107]. - The company plans to distribute cash dividends of no less than 10% of the distributable profits each year, with a cumulative cash distribution over the last three years amounting to at least 30% of the average annual distributable profits [116]. Risks and Challenges - The company faces risks related to inventory depreciation and contract asset impairment due to potential delays in project acceptance and settlement with government clients [8]. - The company acknowledges the uncertainty of the global pandemic and its potential impact on local government financial conditions and investment activities [5]. - The company’s business is significantly influenced by macroeconomic conditions and government policies, which could affect project funding and operational efficiency [5]. - The company’s operational performance may be adversely affected if local governments face funding shortages due to economic pressures [5]. - Potential risks include macroeconomic conditions, policy changes, and the impact of the pandemic on government funding and project timelines, which could adversely affect business expansion and cash flow [97]. Talent and Human Resources - The company has increased its recruitment efforts and established a comprehensive employee compensation and incentive system to meet the growing demand for professional talent [7]. - The company emphasizes the importance of professional talent in its industry, which requires a significant period for training and practical experience [7]. - The company has established a complete employee compensation and incentive system to attract and retain professional talent, although there may be a talent gap in the future due to rapid business growth [98]. - The company’s R&D personnel increased to 37, representing 14.29% of the total workforce [71]. Project Development and Innovation - The company has developed unique ecological restoration technologies, enabling rapid and large-scale afforestation [29]. - The company expanded its project scope to include water environment governance and comprehensive management, enhancing its capability to undertake large and complex ecological restoration projects [29]. - The company has shifted its order acquisition model towards EPC, focusing on large-scale ecological restoration projects to enhance business scale [33]. - The company has implemented several notable ecological restoration projects, including the ecological restoration project in Tibet and the environmental governance project in Yan'an New District [29]. - The company has developed a unique integrated business chain for ecological restoration, covering technology research and development, equipment manufacturing, material processing, project design, construction, and maintenance [45]. Market and Strategic Expansion - The company aims to become a world-class ecological restoration enterprise, leveraging favorable policies and market conditions to drive growth [33]. - The company plans to explore various project models, including PPP, EPC, and professional subcontracting, while strictly evaluating project feasibility and avoiding financially insecure projects [92]. - The company intends to expand its market presence in Northeast and South China by leveraging new projects in Qiqihar, Haicheng, and Zhuhai, aiming to increase the proportion of out-of-province business [93]. - The company is exploring market expansion opportunities in Southeast Asia, aiming to establish a presence in at least three new countries by the end of 2022 [128]. Corporate Governance and Compliance - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management [3]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors [199]. - The governance structure of the company aligns with the regulatory requirements set by the China Securities Regulatory Commission [200]. - The company has established measures to reduce related party transactions, ensuring transparency and compliance with regulations [127]. Research and Development - The company has invested 50 million RMB in R&D for new technologies aimed at improving production efficiency and sustainability [128]. - The company’s R&D expenses increased by 10.35% to ¥14,569,695.62, reflecting a commitment to enhancing innovation [67]. - The company completed 11 key research projects in 2020, contributing to new profit growth points through successful technology development [54]. - The company applied for 17 national patents during the reporting period, including 4 invention patents and 13 utility model patents [70]. Shareholder Relations - The company has actively considered the opinions and demands of minority shareholders in its dividend distribution decisions [103]. - The company has committed to a share lock-up arrangement for 36 months from the date of listing, prohibiting the transfer or management of shares held prior to the issuance [110]. - The company will ensure compliance with all relevant laws and regulations regarding share transfers and reductions [113]. - The company emphasizes timely and accurate information disclosure in accordance with stock exchange regulations [114]. Environmental and Social Responsibility - The company emphasizes its commitment to social responsibility, including protecting investor rights and employee welfare [157]. - The company actively promotes environmental protection and sustainable development through its ecological restoration business [158]. - The company does not belong to the key pollutant discharge units as published by environmental protection authorities [160].