清水源(300437) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the reporting period was ¥759,024,076.41, an increase of 44.31% compared to the same period last year[20]. - The net profit attributable to shareholders was -¥29,216,490.62, a decrease of 175.50% year-on-year[20]. - The net cash flow from operating activities was ¥155,078,728.94, representing a significant increase of 256.25% compared to the previous year[20]. - The total assets at the end of the reporting period were ¥4,508,818,572.27, an increase of 2.76% from the end of the previous year[20]. - The company reported a basic earnings per share of -¥0.1321, down 174.51% from the previous year[20]. - The operating cost increased by 64.53% to CNY 636,432,439.95, primarily due to rising prices of raw materials for water treatment agents and increased costs of engineering projects[53]. - The company's financial expenses increased by 32.61% to CNY 39,447,659.92, primarily due to higher interest expenses during the reporting period[53]. - The company's cash and cash equivalents decreased by 618.60% to CNY -48,962,424.03, mainly due to increased loan repayments during the reporting period[53]. - The company's total liabilities increased to CNY 3,091,451,381.38, up from CNY 2,896,708,704.35, representing a rise of 6.7%[193]. - The total equity attributable to shareholders decreased to CNY 1,155,811,340.44 from CNY 1,223,050,081.13, a decline of 5.5%[193]. Operational Highlights - The company has a total of six wholly-owned subsidiaries involved in environmental engineering and technology[11]. - The company is actively engaged in environmental governance and water treatment services, with a focus on industrial wastewater treatment and resource utilization[28][29]. - The company has established long-term partnerships with various domestic and international clients, enhancing customer satisfaction and loyalty[34]. - The company completed the construction of an 180,000-ton water treatment agent expansion project, which has entered the production phase and is expected to reach full capacity in the second half of 2021[44]. - The company has established a "qualified supplier list" system to ensure stable raw material supply channels, with procurement based on market pricing[35]. - The company’s production model is primarily "production based on sales," allowing for timely supply to meet customer demand while balancing production[36]. - The company’s sales model combines direct sales to end customers with sales through service providers and traders, ensuring comprehensive customer support[35]. Research and Development - The company aims to enhance its core competitiveness by increasing R&D investment and expanding the variety and application range of water treatment agents, focusing on green and environmentally friendly products[44]. - Research and development investment rose by 49.86% to CNY 17,937,132.03, reflecting the company's commitment to enhancing its R&D capabilities[53]. - The company has a strong R&D team, including experts from the Chinese Academy of Sciences and a dedicated group of postdoctoral and doctoral researchers, enhancing its technological capabilities[45]. Risk Management - The company emphasizes the importance of risk awareness in its future plans and development strategies[4]. - The report includes a detailed description of potential operational risks and corresponding countermeasures[4]. - The company has established risk management measures to mitigate foreign exchange market risks, liquidity risks, and credit risks associated with derivative trading[79]. - The company emphasizes the importance of adhering to risk management protocols when engaging in foreign exchange derivative transactions[79]. - The company plans to establish a long-term mechanism for orderly recovery of accounts receivable, focusing on maintaining relationships with high-credit customers[97]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with specific emissions standards for various pollutants, ensuring compliance with environmental regulations[106]. - The company has received environmental impact approvals for various projects, including a 50,000-ton water treatment agent project and a 10,000-ton project, with approvals dating back to 2009 and 2012 respectively[109]. - The company operates a wastewater treatment plant that has undergone environmental impact assessments and received necessary approvals, including a permit issued in December 2016[111]. - No administrative penalties were imposed on the company during the reporting period due to environmental issues, indicating compliance with regulations[115]. - The company has implemented third-party monitoring for pollution emissions, conducting quarterly assessments to ensure compliance with environmental standards[113]. Shareholder and Governance Information - The company reported no changes in the fundraising project during the reporting period[75]. - The company has established a governance structure that complies with relevant laws and regulations, continuously improving its governance level[116]. - The total number of ordinary shareholders at the end of the reporting period is 16,254[163]. - The largest shareholder, Wang Zhiqing, holds 23,817,500 shares, accounting for 43.06% of the total shares[164]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[123]. Future Outlook - The company aims to strengthen its market influence and promote its development philosophy and strategic goals within the industry[34]. - The company is closely monitoring the COVID-19 pandemic and adjusting its business operations accordingly to seize industry development opportunities[93]. - The company faces risks from changes in the international trade environment, including potential trade barriers that could impact export performance[94]. - The company plans to temporarily use up to CNY 100 million of idle convertible bond funds to supplement working capital, with a repayment period not exceeding 12 months[74].