LNGF(SZ:002717)2022-12-04 10:40Group 1: Business Structure and Performance - In 2019, the ecological environment construction and restoration business generated revenue of CNY 3.154 billion, with a profit of CNY 140 million [3] - The water environment governance business achieved revenue of CNY 3.767 billion, with a profit of CNY 178 million, exceeding performance commitments by 104.62% [3] - The cultural tourism business recorded revenue of CNY 1.035 billion, with a profit of CNY 122 million [3] - Revenue structure optimization: ecological environment construction and restoration revenue share decreased from 48.62% in 2018 to 39.64% in 2019; water environment governance increased from 35.62% to 47.34% [3] Group 2: Subsidiary Developments - The subsidiary Demaji has developed an online exhibition interactive marketing system utilizing mobile internet, video live streaming, and VR/AR technologies [4] - The split of subsidiary Hengrun Technology to the Growth Enterprise Market is expected to enhance performance and innovation, reflecting positively on the overall company performance [4] Group 3: Financing and Capital Structure - The company plans to raise up to CNY 1.22 billion through a non-public offering to enhance project implementation and operational capabilities [5] - The fundraising will optimize the capital structure, reduce asset-liability ratios, and improve creditworthiness and financing capabilities [5] Group 4: Future Business Plans - In 2020, the company aims to leverage opportunities in key markets such as the Guangdong-Hong Kong-Macao Greater Bay Area and Yangtze River Delta, focusing on smart water management and urban water supply [6] - The company will enhance core competencies in comprehensive planning, product integration, and operational capabilities to ensure high-quality and stable business development [6]