Financial Performance - The company's revenue for Q3 2022 was ¥428,071,729.16, representing a 19.42% increase compared to ¥358,466,758.60 in the same period last year[8] - Net profit attributable to shareholders for Q3 2022 was ¥63,385,625.65, an increase of 18.76% from ¥53,373,237.52 in the previous year[8] - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥60,424,452.32, up 14.04% from ¥52,983,969.55 year-on-year[8] - Basic earnings per share for Q3 2022 were ¥0.0400, down 20.00% from ¥0.0500 in the previous year[8] - Total revenue for the current period reached ¥1,118,323,654.74, an increase of 7.7% compared to ¥1,037,658,114.48 in the previous period[46] - The net profit for the third quarter was CNY 200,609,668.14, an increase of 18.8% compared to CNY 168,877,137.15 in the same period last year[48] - Operating profit reached CNY 240,466,529.61, up from CNY 208,510,745.80, reflecting a growth of 15.3% year-over-year[48] - The company reported a total profit of CNY 238,628,200.99, up from CNY 207,559,927.09, marking an increase of 15.0%[48] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period reached ¥276,983,065.36, a significant increase of 64.80% compared to ¥168,068,612.37 in the same period last year[8] - Cash flow from operating activities generated CNY 276,983,065.36, compared to CNY 168,068,612.37 in the previous year, indicating a significant increase of 64.9%[52] - The cash and cash equivalents at the end of the period amounted to CNY 776,592,841.86, compared to CNY 459,005,615.42 at the end of the previous year, showing a growth of 69.2%[55] - The company experienced a net cash increase of CNY 231,445,553.42 during the quarter, compared to a decrease of CNY 68,628,317.03 in the previous year[55] - The total cash outflow from financing activities was CNY 332,516,393.20, down from CNY 605,174,457.27, indicating a reduction of 45.0%[55] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,556,610,848.69, reflecting a 35.45% increase from ¥6,173,103,648.51 at the end of the previous year[8] - The total assets of the company reached ¥6,173,103,648.51, a substantial increase from ¥4,557,352,200.04, representing a growth of 35.4%[45] - The equity attributable to shareholders increased by 92.64% to ¥1,646,672,541.79 from ¥3,173,583,440.21 year-on-year[8] - The company's equity attributable to shareholders rose to ¥3,173,583,440.21 from ¥1,647,396,767.92, reflecting a growth of 92.7%[45] - Non-current liabilities totaled ¥1,870,809,373.79, compared to ¥1,742,074,405.85 in the previous period, indicating an increase of 7.4%[45] - The company’s total liabilities decreased by 51.04% in cash used for debt repayment, amounting to ¥208,613,699.18[18] Investments and Expenses - Research and development expenses surged by 216.65% to ¥19,827,227.30, reflecting increased investment in R&D projects[17] - Research and development expenses increased significantly to ¥19,827,227.30, compared to ¥6,261,605.78 in the previous period, marking a rise of 216.5%[46] - The company raised CNY 1,360,296,558.17 from investments during the quarter, a significant increase from CNY 11,360,000.00 in the same period last year[52] - The company received cash from investments totaling ¥50,000,000.00, attributed to the recovery of principal from bank financial products[18] Market and Strategic Initiatives - The company reported a significant increase in government subsidies recognized during the period, amounting to ¥1,487,833.25 for Q3 2022[11] - The company’s strategic initiatives include a focus on combined heat and power generation to enhance energy efficiency and reduce environmental impact, aligning with its "dual carbon" strategy[38] - The company’s market expansion efforts are supported by strategic partnerships and contracts, enhancing its operational footprint in both domestic and international markets[38] - The company signed a heat supply agreement with Ningbo Petrochemical Development Zone Heat Supply Co., agreeing to supply no less than 200,000 tons of steam annually, expanding its heating market[38] - The company won a contract for auxiliary equipment supply in Thailand worth $502,214, expected to be delivered by May 2023, further expanding its overseas market presence[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,955, with the largest shareholder holding 57.75%[19] - The company has a total of 1,152,092,110 restricted shares, with various shareholders set to have their shares released on July 10, 2023[30] - The company’s total number of shareholders holding unrestricted shares includes significant stakeholders such as Guo Qiang with 2,569,400 shares and Haitong Securities with 1,870,000 shares[26]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a year-on-year increase of 15%[2]. - The net profit attributable to shareholders was 80 million RMB, up 20% compared to the same period last year[2]. - The company's operating revenue for the first half of 2022 was approximately ¥690.25 million, representing a 1.63% increase compared to the same period last year[28]. - The net profit attributable to shareholders for the same period was approximately ¥111.16 million, marking a 16.59% increase year-over-year[28]. - The net cash flow from operating activities reached approximately ¥196.34 million, a significant increase of 142.21% compared to the same period last year[28]. - The basic earnings per share for the first half of 2022 was ¥0.1006, up 16.57% from ¥0.0857 in the same period last year[28]. - The gross profit margin for the waste incineration power generation business was 55.45%, with a revenue increase of 14.47% year-on-year[86]. - The net profit for the reporting period was ¥127,745,486.40, reflecting a year-on-year growth of 17.03% from ¥109,151,786.90[86]. Research and Development - The company has invested 30 million RMB in R&D for new waste treatment technologies, aiming to enhance efficiency by 10%[2]. - Research and development expenses reached 12.62 million yuan, a significant increase of 279% compared to the previous year[40]. - The company has increased its R&D investment to enhance its technological advantages in energy utilization, flue gas purification, and ash harmless resource treatment, with ongoing projects meeting expected progress[67]. - The company plans to enhance R&D investment and strengthen cooperation with research institutions to mitigate risks associated with core technology updates[114]. Market Expansion and Strategy - The company plans to expand its waste-to-energy projects, targeting an additional processing capacity of 1,000 tons per day by the end of 2023[2]. - User data indicates a 25% increase in the number of clients utilizing the company's environmental services compared to the previous year[2]. - The company is exploring potential mergers and acquisitions to strengthen its market position in the environmental sector[2]. - The company is actively exploring international markets, with successful bids for equipment supply in Taiwan's garbage incineration power generation project[39]. - The company aims to expand its market presence through strategic acquisitions and resource integration in response to intensified market competition[119]. Sustainability and Environmental Commitment - The company is committed to sustainability and aims to reduce carbon emissions from its operations by 5% in the next year[2]. - The company is aligned with national policies promoting green and low-carbon industry development, contributing to the "carbon peak and carbon neutrality" goals[38]. - The company is committed to supporting the national "carbon peak" and "carbon neutrality" strategies through high-quality environmental projects and services[147]. - The company has initiated the development of its waste-to-energy projects for CCER certification, focusing on reducing greenhouse gas emissions[148]. Operational Efficiency and Technology - The company is committed to enhancing operational efficiency through automation and optimizing operational parameters[39]. - The company has implemented an automated combustion control system upgrade, improving operational stability and reducing CO emissions, while also creating new profit growth opportunities through external service offerings[67]. - The company has developed a flame front control system (FFC) that improves plant efficiency and reduces auxiliary fuel consumption, leading to lower operational costs and enhanced reliability[142]. - The application of multi-effect flue gas purification technology can reduce flue gas treatment operating costs by approximately 20%[144]. Financial Management and Investments - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The total investment during the reporting period was ¥304,568,075.87, a decrease of 7.39% compared to ¥328,882,686.47 in the same period last year[99]. - The company has ongoing significant non-equity investments, with a total investment of ¥239,320,606.69 during the reporting period[103]. - The company has established a modern human resource management system in collaboration with Deloitte Consulting to enhance talent competitiveness and operational efficiency[74]. Regulatory and Compliance - The management highlighted risks related to regulatory changes that could impact operational costs and project timelines[2]. - Increased environmental compliance costs are anticipated due to stricter regulations, prompting the company to invest in innovative technologies to maintain operational efficiency[120]. - The company is actively engaging with regulatory bodies to adapt to changes in subsidy policies and ensure compliance with environmental standards[120]. Community Engagement and Social Responsibility - The company actively participated in local poverty alleviation and rural revitalization efforts, providing financial support for education and employment opportunities[151]. - The company has established environmental education bases in projects such as Mianyang, Santai, and Fangchenggang, promoting waste classification and resource utilization[150]. - During the COVID-19 pandemic, the company ensured the safe disposal of medical waste and related household garbage, incurring additional costs but safeguarding public health[150].