CPEP(SZ:000544)2021-08-25 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,589,093,587.58, representing a 194.17% increase compared to ¥880,142,474.79 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥309,412,565.26, an increase of 13.40% from ¥272,851,336.31 in the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥301,470,541.80, which is a 44.39% increase from ¥208,793,780.31 year-on-year[27]. - The basic earnings per share were ¥0.32, up 14.29% from ¥0.28 in the same period last year[27]. - The diluted earnings per share were also ¥0.32, reflecting the same 14.29% increase compared to the previous year[27]. - The weighted average return on net assets was 4.82%, an increase of 0.34% from 4.48% in the previous year[27]. - The total operating revenue for the reporting period reached ¥2,589,093,587.58, representing a year-on-year increase of 194.17% compared to ¥880,142,474.79 in the same period last year[54]. - The revenue from PPP projects amounted to ¥1,549,657,755.40, accounting for 59.85% of total operating revenue[54]. - The company reported a total revenue of approximately 1.58 billion for the period, with a significant contribution from its subsidiaries in public facility services[89]. Cash Flow and Assets - The net cash flow from operating activities was -¥1,138,391,474.18, a significant decrease of 667.00% compared to ¥200,776,136.84 in the same period last year[27]. - The total assets at the end of the reporting period were ¥18,645,397,339.35, reflecting a 15.18% increase from ¥16,187,705,945.20 at the end of the previous year[27]. - The company's cash and cash equivalents increased by ¥212,947,134.27, down 83.58% from ¥1,296,972,759.52 in the previous year[49]. - The total assets at the end of the reporting period were ¥18,646,000,000, with cash and cash equivalents making up 15.06% of total assets[58]. - Long-term borrowings increased by 29.41% to ¥5,482,732,974.29, compared to ¥4,022,008,901.01 at the end of the previous year[58]. - The company reported a cash balance of ¥2,808,919.08 million, up from ¥2,599,666.62 million[193]. Investments and Projects - The company has invested approximately CNY 6.1 billion in various projects since 2021, including ecological water system construction and sewage treatment plant expansions[38]. - The New Mi Rural Domestic Sewage Treatment Project has an actual investment of ¥1,551,355,236.16, with a reporting period investment of ¥141,525,282.29[70]. - The total investment in the New Mi Urban Sewage and Sludge Treatment Plant Project reached ¥221,029,561.65, with a reporting period investment of ¥10,534,792.57[70]. - The company is currently working on multiple public facility service projects, including the comprehensive treatment of the Pan River and Sanli River in Fangcheng County, with an investment of ¥150,339,667.92[73]. - The company has ongoing projects with significant investments, such as the New Mi City Urban Sewage Treatment Project, which has a cumulative actual investment of ¥247,928,927.35[73]. Subsidiaries and Market Presence - Major subsidiaries contributing over 10% to net profit include Zhongyuan Environmental Water Service with a net profit of ¥1,861,792.86 and Zhongyuan Environmental Yichuan Water with a net profit of ¥3,360,529.23[83]. - The company established new subsidiaries in Henan Province to enhance its market presence and improve its ecological service capabilities, focusing on water environment governance[93]. - The subsidiary Zhongyuan Environmental (Xinyang) Eco Construction Management Co., Ltd. achieved a revenue of approximately 1.12 billion, with a net profit of approximately 9.66 million, indicating strong performance in the region[93]. Governance and Compliance - The company has implemented a modern corporate governance system, achieving an A-level rating for information disclosure from the Shenzhen Stock Exchange in 2020[42]. - The company has not engaged in any significant related party transactions during the reporting period[136]. - The company has maintained compliance with all regulatory requirements, with no violations reported during the period[139]. - The company has not experienced any major litigation or arbitration matters during the reporting period[134]. Environmental Responsibility - The company has received no administrative penalties for environmental issues during the reporting period[121]. - Environmental impact assessments and permits have been approved for various water projects, ensuring compliance with regulations[118][120]. - The company has established emergency response plans and self-monitoring schemes in accordance with environmental protection requirements[120]. - The company has implemented rural sewage treatment projects covering approximately 100,000 households as part of its rural revitalization efforts[123]. - During severe flooding in July, the company activated emergency plans to ensure the safety of employees and maintain sewage treatment operations across multiple cities, including Zhengzhou and Kaifeng[123]. Shareholder Information - The total number of unrestricted shares is 974,684,488, representing 100% of the total shares[161]. - The largest shareholder, Zhengzhou Public Utilities Investment Development Group Co., Ltd., holds 68.73% of the shares, totaling 669,855,147[165]. - The total number of common stock shareholders at the end of the reporting period is 33,004[165]. - There were no changes in the controlling shareholder or actual controller during the reporting period[171]. Challenges and Future Outlook - The company is facing increased competition in the environmental protection industry due to the entry of large state-owned and private enterprises, necessitating a focus on comprehensive service solutions[96]. - The company plans to enhance its innovation capabilities by increasing R&D investment and improving the application of technological achievements to maintain competitive advantages[97]. - The company anticipates that stricter environmental regulations will create higher technical barriers, emphasizing the need for robust innovation and operational experience[97].