Financial Performance - The company achieved total revenue of RMB 3,284.08 million in 2018, representing a growth of approximately 5.95% compared to 2017[11]. - The net profit attributable to shareholders of the company was approximately RMB 407.92 million, a decrease of about 13.83% year-on-year[11]. - Total assets at the end of 2018 were approximately RMB 9,744.46 million, an increase of about 5.46% from the beginning of the year[11]. - The equity attributable to shareholders of the company was approximately RMB 4,041.93 million, reflecting an increase of about 8.39% from the beginning of the year[11]. - The gross profit margin for the company was 35.29% in 2018, slightly down from 35.88% in 2017[6]. - The company achieved operating revenue of approximately RMB 3.28 billion in 2018, representing a year-on-year growth of about 5.95%[20]. - The net profit attributable to shareholders was approximately RMB 407.92 million, a decrease of about 13.83% compared to the previous year[20]. - The total assets at the end of 2018 were approximately RMB 9.74 billion, an increase of about 5.46% from the beginning of the year[20]. - The company reported a total profit of RMB 558,319,177.74 for 2018, down 10.31% from RMB 622,573,143.66 in 2017[176]. - The company’s total comprehensive income for 2018 was RMB 497,893,333.64, compared to RMB 552,860,013.30 in 2017, indicating a decrease of 9.95%[177]. Revenue Sources - The company reported a 10.22% year-on-year increase in industrial waste treatment revenue, amounting to RMB 1.287 billion[22]. - The revenue from resource recycling products was RMB 1.228 billion, with a year-on-year growth of 3.96%[22]. - Total revenue from sales of goods and services was RMB 3,829,419,479.45, an increase from RMB 3,323,484,215.66 in 2017, indicating a growth of approximately 15.2%[181]. Customer and Market Expansion - The number of customers exceeded 26,000, reflecting a year-on-year growth of 25%[12]. - The company aims to deepen its market presence in the Yangtze River Delta, Beijing-Tianjin-Hebei, and Bohai Rim regions while exploring new business models[15]. - The company is actively pursuing project construction in key areas such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Economic Belt[46]. Investments and Projects - The company expanded its project capacity to over 750,000 tons per year, enhancing its sustainable development foundation[12]. - The company secured the Daanhai hazardous waste disposal project with a designed processing capacity of 100,000 tons per year[22]. - The company completed three construction projects during the reporting period, including a 9,500 tons/year incineration project and a 20,000 tons/year incineration capacity project[23]. - The company is actively promoting seven proposed projects, which are expected to add over 500,000 tons/year of disposal capacity upon completion[24]. Research and Development - The company received government R&D subsidies of RMB 37.9 million during the reporting period, marking a historical high[25]. - The company plans to enhance its research and development capabilities by optimizing its research team and increasing collaboration with research institutions[49]. Financial Management - The company secured new bank credit of RMB 1.541 billion during the year, effectively controlling capital usage costs[28]. - The company has capital expenditure commitments totaling approximately $247.74 million for 2018, down from $423.45 million in 2017, indicating a reduction of about 41.4% year-over-year[44]. - The company reported a cash dividend of RMB 0.140 per share, totaling RMB 123,097,394.28, a decrease from RMB 0.161 in 2017[73]. Operational Efficiency and Cost Management - Management expenses amounted to approximately RMB 374,454,835, accounting for 11.40% of total revenue, showing a slight increase from 11.31% in 2017, indicating effective cost control[34]. - Financial expenses were approximately RMB 134,123,879, or 4.08% of total revenue, up from 3.18% in 2017, driven by increased funding needs and interest expenses from capitalized construction[35]. - The company is committed to improving operational efficiency by reducing layers of management, cutting losses, and optimizing debt structure[47]. Governance and Compliance - The board of directors has strictly adhered to relevant laws and regulations, ensuring no significant violations affecting the company's development and performance as of December 31, 2018[116]. - The supervisory board has approved the financial and audit reports for the year 2018, confirming they reflect the financial status and operational performance accurately[119]. - The company has established principles for long-term incentive plans, ensuring rewards are proportional to performance indicators achieved[98]. Environmental Responsibility - The company emphasized the importance of environmental protection and aimed to be a key player in pollution prevention and control[10]. - The company is committed to enhancing environmental responsibility and compliance with emission standards[52]. - A special action plan will be implemented to address occupational health issues and improve employee safety awareness through targeted training[52]. Employee and Human Resource Management - The total number of full-time employees as of December 31, 2018, was 4,609, with total employee costs amounting to approximately RMB 578,363,692.98, up from RMB 464,401,022.22 in 2017[42]. - The company is implementing a comprehensive reform trial to establish a competitive human resource management system to maximize talent potential[50]. Cash Flow and Liquidity - Cash inflow from operating activities totaled RMB 4,076,554,974.51, an increase of 15.2% compared to RMB 3,537,999,546.43 in the previous year[181]. - The company reported a cash and cash equivalents balance of RMB 1,028,991,292.47 at year-end, down from RMB 1,221,930,230.43 at the beginning of the year[183]. - The company experienced a foreign exchange impact on cash and cash equivalents of RMB 242,771.95, compared to a negative impact of RMB 496,036.13 in the previous year[183].