Financial Performance - In 2024, the Company recorded total operating revenue of RMB1,594.2 million, representing a decrease of 11.8% compared to 2023[9]. - The net profit attributable to shareholders was approximately RMB263.2 million, reflecting a decrease of 16.8% from 2023, with basic earnings per share at approximately RMB0.26[9]. - Revenue for the year ended December 31, 2024, was RMB 1,594,164,000, a decrease of 11.8% from RMB 1,807,488,000 in 2023[50]. - Operating profit for 2024 was RMB 524,908,000, down 14.7% from RMB 615,595,000 in 2023[50]. - Profit for the year decreased to RMB 263,928,000 in 2024, compared to RMB 317,727,000 in 2023, reflecting a decline of 16.9%[50]. - Gross profits decreased by RMB84.5 million, or 10.6%, to RMB713.7 million for the year ended December 31, 2024, from RMB798.2 million for the year ended December 31, 2023[98]. - Revenue from wastewater treatment services accounted for 72.3% of total revenue, while reclaimed water and running water supply accounted for 10.9% and 16.8%, respectively[98]. Operational Efficiency - The company enhanced production and operational efficiency through facility upgrades, energy conservation, and management level compression[13]. - The company plans to enhance operational efficiency and expand market presence through strategic initiatives[47]. - The company aims to strengthen governance capabilities and enhance quality and efficiency while responding to economic uncertainties[23]. - The company will focus on its core business of wastewater treatment, enhancing operational quality and efficiency through digitalization and technological innovation[24]. - The company aims to accelerate the integration of digitalization, intelligence, and greening with traditional industries, promoting the digital economy and building smart water plants[27]. Strategic Focus and Development - The Company maintained a strategic focus on ecological civilization construction and adhered to national strategic tasks such as the "dual carbon" goals[8]. - The Company emphasized reforms and innovations to promote high-quality sustainable development amid a complex economic environment[9]. - The Company aims to achieve high-quality sustainable development through strategic focus and innovation[8]. - The company is committed to the development idea that "lucid waters and lush mountains are invaluable assets" as part of its long-term strategy[8]. - The company will continue to adhere to the work guideline of "seeking progress while maintaining stability" and actively respond to the national green development strategy[26]. Risk Management - The Company actively worked to prevent and resolve material risks while continuing to reduce costs and increase efficiency[9]. - The company emphasizes the importance of risk management and safety in its operational strategy[26]. - The company plans to enhance governance capabilities and prevent major risks and external shocks while ensuring stable development[26]. Market and Industry Trends - The wastewater treatment industry is transitioning to a "quality era," focusing on refinement, low-carbon, intelligence, and resource utilization[54]. - The wastewater treatment industry in China is transitioning towards systematic quality and efficiency improvements, with a focus on enhancing existing capacities and optimizing new ones[58]. - The government has issued several policies, including the "14th Five-Year Plan" for urban wastewater treatment, aiming for a comprehensive development approach to address existing gaps in infrastructure and service quality[60]. - The market for sewage treatment services is projected to expand significantly across metropolises, small and medium-sized cities, and rural areas due to increasing industrialization and urbanization[61]. Asset Management - Total assets increased to RMB 12,383,952,000 in 2024, up from RMB 12,063,850,000 in 2023, representing a growth of 2.6%[52]. - Total liabilities rose slightly to RMB 7,141,659,000 in 2024 from RMB 7,086,546,000 in 2023, an increase of 0.8%[52]. - The company is directly owned approximately 84% by Kunming SASAC, indicating strong government backing[37]. - The company is not classified as a connected person under the Listing Rules, ensuring compliance with regulatory standards[37]. Cash Flow and Financing - Net cash from operating activities increased by RMB 72.9 million from RMB 220.9 million in 2023 to RMB 293.8 million in 2024, primarily due to increased cash receipts from enterprises[137][141]. - Net cash from investing activities decreased by RMB 228.2 million from RMB 303.8 million in 2023 to RMB 75.7 million in 2024, mainly due to reduced proceeds from the disposal of subsidiaries[139][142]. - Total borrowings decreased by RMB682.9 million to RMB4,589.2 million as of December 31, 2024, mainly due to fewer construction projects and timely repayment of borrowings[192]. - The net gearing ratio as of December 31, 2024, was 46.5%[89]. Shareholder Relations - The company expresses gratitude to shareholders, investors, customers, partners, and friends for their long-term support and trust[29].

Financial Performance - Revenue for the year ended December 31, 2024, was approximately RMB 1,594.2 million, a decrease of 11.8% compared to 2023[2] - Net profit attributable to equity holders for the year was approximately RMB 263.2 million, a decrease of 16.8% from 2023[2] - Operating profit for the year was RMB 524.9 million, down from RMB 615.6 million in 2023[3] - The company reported a gross profit of RMB 713.7 million, compared to RMB 798.2 million in the previous year[3] - Basic and diluted earnings per share were RMB 0.26, down from RMB 0.31 in 2023[4] - The total comprehensive income for the year was RMB 265.0 million, a decrease from RMB 318.6 million in 2023[4] - Revenue decreased from RMB 1,807.5 million for the year ended December 31, 2023, to RMB 1,594.2 million for the year ended December 31, 2024, a decline of RMB 213.3 million or 11.8%[90] - Gross profit fell from RMB 798.2 million to RMB 713.7 million, a decrease of RMB 84.5 million or 10.6%[92] - The wastewater treatment segment's revenue decreased from RMB 1,233.1 million to RMB 1,151.8 million, a decline of RMB 81.3 million or 6.6%[94] - The water supply segment's revenue increased from RMB 129.4 million to RMB 174.4 million, an increase of RMB 45.0 million or 34.8%[94] Assets and Liabilities - Total assets increased by 2.7% to RMB 12,384.0 million compared to RMB 12,063.9 million as of December 31, 2023[2] - Total equity rose by 5.3% to RMB 5,242.3 million from RMB 4,977.3 million as of December 31, 2023[2] - The company’s non-current assets totaled RMB 6,367.5 million, down from RMB 7,152.4 million in 2023[6] - As of December 31, 2024, total assets amounted to RMB 12,383,952 thousand, with wastewater treatment assets at RMB 9,607,259 thousand, and total liabilities at RMB 7,141,659 thousand[40][41]. - Total borrowings amounted to RMB 4,589.2 million, a decrease of 13.0% from RMB 5,272.1 million in 2023[86] - The company's net asset liability ratio was 46.5% as of December 31, 2024[86] - Total payables increased to RMB 1,984,442 thousand in 2024 from RMB 1,380,081 thousand in 2023, representing an increase of approximately 43.7%[59] Cash Flow - Net cash generated from operating activities for the year ended December 31, 2024, was RMB 293.8 million, an increase of RMB 72.9 million compared to RMB 220.9 million for the year ended December 31, 2023[114] - Net cash used in investing activities for the year ended December 31, 2024, was RMB 75.7 million, a decrease of RMB 228.2 million compared to the previous year[116] - Net cash used in financing activities increased from RMB 480.6 million for the year ended December 31, 2023, to RMB 532.8 million for the year ended December 31, 2024[117] Operational Highlights - The wastewater treatment volume for the year was 669.3 million cubic meters, with a facility utilization rate of 98.1%[2] - The total sewage treatment volume reached approximately 669.3 million cubic meters, with an average facility utilization rate of about 98.1% as of December 31, 2024[77] - The company operates 34 sewage treatment plants with a total daily sewage treatment capacity of 1.9 million cubic meters[79] - The total supply of reclaimed water was 96.1 million cubic meters during the reporting period[81] - The company has four operational water supply plants in China, with a total water supply of 774.5 million cubic meters during the reporting period[82] Investments and Acquisitions - The company agreed to sell 80% equity interests in three target companies for a total consideration of approximately RMB 242.76 million, retaining only 20% equity in each[169] - The company completed the transfer of 40% equity in a joint venture for RMB 467,000, with no remaining ownership post-transaction[172] - The company provided a loan of RMB 310 million to Kunming Urban Construction Investment Development Co., with an interest rate of 8.5%, maturing on June 8, 2023, which was extended to RMB 180 million until June 7, 2026[174] Governance and Compliance - The audit committee has reviewed the financial statements for the year ending December 31, 2024, prepared in accordance with International Financial Reporting Standards[193] - The company has adopted corporate governance practices in compliance with the listing rules and has established a series of governance systems[188] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[192] Future Outlook - The company plans to strengthen its core business and enhance core competitiveness while optimizing development strategies and improving management efficiency[76] - The company aims to explore new technologies and methods to optimize service processes and improve service quality for high-quality development[76] - The company anticipates capital expenditures of RMB 66.8 million for the year ending December 31, 2025[157]

昆明滇池水務股份有限公司 Kunming Dianchi Water Treatment Co., Ltd. ( 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ) (A joint stock company incorporated in the People's Republic of China with limited liability) 股份代號 STOCK CODE: 3768 2024 中期報告 INTERIM REPORT 制别名善 源 ख 流 CONSUMMATION & SUSTAINABILITY | --- | --- | --- | |-------|------------------------|---------------------------------------------------------------| | | CONTENTS | | | | 目 錄 | | | 2 | CHAPTER ONE 第一章 | CORPORATE INFORMATION 公司資料 | | 5 | CHAPTER TWO 第二章 | LETTER F ...

B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kunming Dianchi Water Treatment Co., Ltd. 昆明滇池水務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3768） 2024年中期業績公告 | --- | --- | --- | |-------|---------------------------------------------------------|--------------------------------| | | | | | | 財務摘要 | | | 截 至 | 2024 年 6 月 30 日止六個月期間，本集團： | | | • | 收入約為人民幣 738.6 百萬元，較上年同期減少 14.4% ； | | | • | 稅前利 ...

Financial Performance - In 2023, the company recorded total operating revenue of RMB 1,807.5 million, representing a decrease of 12.5% compared to 2022[9]. - The net profit attributable to shareholders was approximately RMB 316.5 million, reflecting a decrease of 1.8% over the previous year[9]. - Basic earnings per share for the year were approximately RMB 0.31[9]. - For the year ended December 31, 2023, total revenue decreased to RMB 1,807,488,000, down 12.5% from RMB 2,065,863,000 in 2022[62]. - Operating profit for 2023 was RMB 615,595,000, a decline of 9.3% compared to RMB 678,302,000 in 2022[62]. - Profit for the year was RMB 317,727,000, slightly down from RMB 324,135,000 in 2022, representing a decrease of 1.3%[62]. - Revenue decreased by RMB258.4 million, or 12.5%, to RMB1,807.5 million for the year ended December 31, 2023, from RMB2,065.9 million for the year ended December 31, 2022[124]. - Revenue from wastewater treatment services accounted for 68.2% of total revenue, while reclaimed water and running water supply accounted for 7.2% and 24.6%, respectively[118]. Operational Efficiency - The company maintained stable development of its core business while achieving significant results in production and management cost control[9]. - The overall passing rate of the quality of water supplied met relevant standards, with 99.0% of the designed capacity of wastewater treatment meeting the national Class I Category A standard[13]. - The utilization rate for wastewater treatment improved to 98.6% in 2023, up from 97.4% in 2022[57]. - The utilization rate for reclaimed water supply also increased to 83.8% in 2023, compared to 65.5% in 2022[57]. - The total volume of wastewater treated during the reporting period was approximately 719.9 million m³, with an average facility utilization rate of approximately 98.6%[90]. - The company is committed to maintaining its wastewater treatment capacity while exploring new technologies for efficiency improvements[57]. Strategic Focus - The company is guided by national strategies and aims to enhance its core competitiveness in public utilities, environmental protection, and ecological construction[8]. - The company aims to support the national strategic goal of "carbon peaking and carbon neutrality" through its operations[8]. - The company is positioned as a leader in building China's ecological civilization, with a focus on radiating to South Asia and Southeast Asia[8]. - The company plans to deepen its efforts in the main business of wastewater treatment and explore diversified key technical fields to improve core competitiveness and increase revenue and profit[26]. - The company aims to promote structural adjustment, business optimization, and technological innovation to ensure long-term stability and success in high-quality development[25]. Asset Management - The company adjusted its business portfolio and strategy to revitalize existing assets[9]. - The Company completed the transfer of the Qujing Project and Thermal Power Project during the year, achieving downsizing and market expansion by disposing of some investment projects outside the administrative region of a city[20]. - The company has established a comprehensive internal control system to strengthen compliance management and risk control, enhancing risk awareness and prevention capabilities[14]. - The company aims to enhance the preservation and increment of the value of state-owned assets[41]. Cash Flow and Financing - The Company emphasized cash flow management, implementing measures such as focused tracking and assigning responsibilities for accounts receivable to enhance capital utilization efficiency[21]. - Total borrowings as of 31 December 2023 amounted to RMB 5,272.1 million, a decrease of 10.2% from RMB 5,869.1 million in 2022[106]. - The net gearing ratio as of 31 December 2023 was 50.3%, calculated as net debt divided by total capital[106]. - The company plans to continue utilizing bank loans, corporate bonds, and a diverse combination of financing facilities for project investments[110]. Market Environment - The central government allocated RMB 25.7 billion for water pollution prevention and control in 2023, supporting the environmental protection industry[67]. - The sewage treatment industry is expected to see growth due to increased demand for upgrades and technological advancements in response to rising operational pressures[72]. - The Chinese government aims to exceed 17 billion cubic meters of unconventional water source utilization by 2025, with reclaimed water utilization rates in water-scarce cities expected to reach over 25%[75]. - The external environment for economic development is becoming more complex, but China's economy is expected to rebound and improve in 2024[83]. Shareholder Relations - The company expresses sincere gratitude to shareholders, investors, customers, partners, and the community for their long-term support and trust[33].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 1,807,488, a decrease of 12.5% compared to RMB 2,065,863 in 2022[3] - Gross profit for 2023 was RMB 798,240, down from RMB 857,271 in 2022, reflecting a gross margin of approximately 44.1%[3] - Operating profit decreased to RMB 615,595 in 2023 from RMB 678,302 in 2022, indicating a decline of 9.2%[3] - Profit before tax increased to RMB 381,702, up 3.2% from RMB 367,465 in the previous year[3] - Net profit for the year was RMB 317,727, slightly down from RMB 324,135 in 2022, representing a decrease of 2.3%[3] - Total comprehensive income for 2023 was RMB 318,587, compared to RMB 323,086 in 2022, a decline of 1.5%[5] - Basic and diluted earnings per share remained stable at RMB 0.31 for both 2023 and 2022[5] Assets and Liabilities - Non-current assets decreased to RMB 7,152,430 in 2023 from RMB 7,371,557 in 2022, a reduction of 3%[6] - Current liabilities increased significantly to RMB 4,796,359 in 2023 from RMB 4,239,074 in 2022, an increase of 13.2%[6] - The company reported a total liability of RMB 7,044,613 thousand as of December 31, 2022, with segment liabilities for wastewater treatment at RMB 4,384,230 thousand and water supply at RMB 731,065 thousand[67] - The company's total borrowings amounted to RMB 5,272.1 million, a decrease of 10.2% from RMB 5,869.1 million in 2022[136] - The company's net asset liability ratio as of December 31, 2023, was 50.3%[136] Cash Flow - Cash and bank balances rose to RMB 174,088 in 2023, up from RMB 131,494 in 2022, indicating a growth of 32.3%[6] - Cash generated from operating activities was RMB 220.9 million compared to a cash outflow of RMB 302.6 million in the previous year[183] - Cash used in investing activities was RMB 303.8 million compared to a cash outflow of RMB 96.5 million in the previous year[183] - The net cash inflow from investment activities for the year ended December 31, 2023, was RMB 303.8 million, an increase of RMB 400.3 million compared to 2022, primarily due to reduced cash payments for purchasing property, plant, and equipment, and increased proceeds from the sale of subsidiaries[185] - The financing activities net cash outflow decreased from RMB 973.5 million in 2022 to RMB 480.6 million in 2023, primarily due to a reduction in loan repayments[185] Segment Performance - The wastewater treatment segment generated revenue of RMB 1,233.1 million, down from RMB 1,298.1 million in 2022[41] - Revenue from the wastewater treatment segment for 2023 was RMB 207,399 thousand, a decrease from RMB 905,130 thousand in 2022, while revenue from the water supply segment was RMB 696,460 thousand, not applicable in the previous year[67] - Revenue from the water supply segment accounted for 24.6% of total revenue in 2023[140] - Revenue from the water supply segment increased from RMB 101.2 million to RMB 129.4 million, an increase of RMB 28.2 million or 27.9%[167] - Revenue from other segments decreased from RMB 666.5 million for the year ended December 31, 2022, to RMB 445.0 million for the year ended December 31, 2023, a decline of RMB 221.5 million or 33.2%[144] Expenses and Costs - Total sales cost, sales expenses, administrative expenses, and R&D expenses amounted to RMB 1,123,452 thousand, compared to RMB 1,334,780 thousand in the previous year, indicating a decrease[84] - Sales costs decreased from RMB 1,208.6 million for the year ended December 31, 2022, to RMB 1,009.2 million for the year ended December 31, 2023, a reduction of RMB 199.4 million or 16.5%[145] - Administrative expenses decreased from RMB 121.3 million for the year ended December 31, 2022, to RMB 111.9 million for the year ended December 31, 2023, a decline of RMB 9.4 million or 7.7%[149] - Other income decreased from RMB 68.2 million for the year ended December 31, 2022, to RMB 45.5 million for the year ended December 31, 2023, a decline of RMB 22.7 million or 33.3%[151] - The company incurred depreciation expenses of RMB 232,822 thousand for property, plant, and equipment in 2023, compared to RMB 198,237 thousand in 2022[69] Governance and Compliance - The company has maintained a high level of corporate governance, adhering to the corporate governance code throughout the reporting period[79] - The company is committed to completing the nomination process for board members to ensure compliance with corporate governance standards[80] - The company has adopted the standard code for securities trading by directors and supervisors, ensuring compliance during the reporting period[81] Future Outlook and Strategy - The company aims to enhance its core competitiveness in key technology areas such as sewage treatment and resource utilization of solid waste, while expanding its ecological and environmental protection industry chain[155] - The outlook for 2024 indicates that despite external challenges, the Chinese economy is expected to continue its recovery trend[104] - The average investment recovery period for projects is 5-10 years, and any inability to secure financing may adversely affect the company's business development[160] - The company anticipates continued use of bank loans, corporate bonds, and diversified financing tools for project investments, with interest rates impacting total borrowing costs[161] Operational Capacity - The company operates 39 sewage treatment plants with a total daily sewage treatment capacity of 2.0 million cubic meters as of December 31, 2023[106] - The company has invested in 12 reclaimed water stations and 2 secondary pressurization stations, with a total designed daily capacity of 329,000 cubic meters[107] - The reclaimed water supply volume during the reporting period was 100.5 million cubic meters, showing significant growth due to increased river replenishment supply[108] - The company has 44 operating water treatment plants, including 39 sewage plants and 5 water supply plants, as of December 31, 2023[105] - Total sewage treatment volume was approximately 719.9 million cubic meters, with an average equipment utilization rate of approximately 98.6% as of December 31, 2023[157]

Financial Performance - For the six months ended June 30, 2023, the Company's revenue was RMB 862.8 million, a decrease of 5.1% compared to the same period last year[13]. - Net profit attributable to shareholders was approximately RMB 165.9 million, representing a decrease of 9.2% year-on-year, with basic earnings per share at approximately RMB 0.16[13]. - Profit before tax for the same period was RMB 201,423,000, down from RMB 206,868,000, reflecting a decrease of 2.2%[48]. - The total comprehensive income for the period was RMB 166,825,000, compared to RMB 186,316,000 in the previous year, indicating a decline of 10.4%[48]. - The gross margin improved to 35% in the first half of 2023, up from 32% in the previous year[42]. - The gross profit margin for the reporting period was 46.4%, an increase of 3.2% compared to 43.2% in the same period last year, primarily due to the rise in gross profit margin in the wastewater and water supply segments[115]. Operational Efficiency - The Company implemented measures to enhance operational efficiency, including adjusting water prices and controlling energy consumption within reasonable ranges[18]. - The company has strengthened its operational management system, effectively improving the quality and efficiency of existing assets through measures such as adjusting water prices and strict penalty systems[20]. - The company aims to reduce operational costs by 10% through efficiency improvements and technology upgrades by 2024[42]. - The company is committed to optimizing its structure and revitalizing existing capacities to enhance operational efficiency[83]. Water Treatment and Compliance - The wastewater treatment plants processed 329.2 million cubic meters of wastewater and supplied 70.4 million cubic meters of water, maintaining a 99.4% compliance rate with national Class I Category A standards[17]. - The overall passing rate of the quality of water supplied met relevant standards, with treated water discharged in compliance with wastewater treatment standards[17]. - The company maintained a 99.4% compliance rate with national Class A discharge standards for wastewater treatment[20]. - The company focuses on wastewater treatment and has strengthened its operational advantages, aiming to enhance the quality and efficiency of its water treatment plants[64]. Project Management and Development - The Company focused on planning and reserving high-quality projects, ensuring safe and orderly construction of all ongoing projects[19]. - The company is focusing on high-quality project reserves and enhancing lifecycle management of existing projects to ensure safe and orderly construction[21]. - The company is committed to optimizing existing project management and selecting high-quality projects to ensure stable income[31]. - Future strategies include expanding strengths in key technological areas such as advanced wastewater treatment and sludge recycling[83]. Market Expansion and User Growth - User data indicates that the number of active users increased by 20% to 1.2 million in the first half of 2023[42]. - The company plans to expand its market presence by entering two new provinces by the end of 2024[42]. - The company is exploring potential acquisitions to enhance its service offerings and market share in the water treatment sector[42]. Cash Flow and Financial Management - The company emphasizes cash flow management and aims to improve its cash flow position by optimizing budget allocation and expanding financing channels[25]. - Net cash generated from operating activities was RMB 104.9 million, an increase of RMB 247.5 million compared to a net cash used of RMB 142.6 million in the same period last year[147]. - Net cash used in investing activities decreased from RMB 67.0 million to RMB 51.2 million, primarily due to a decrease in advances to related parties[148]. - The company received net cash proceeds of RMB 1,072.3 million from the global offering after deducting expenses[150]. Industry Trends and Government Policies - The wastewater treatment industry is expected to benefit from national policies aimed at improving urban domestic wastewater treatment facilities and promoting resource utilization, creating a favorable external environment for growth[65]. - The government aims for a reclaimed water utilization rate of over 25% in water-scarce cities by 2035, which may benefit the company's future projects[79]. - The increasing demand for environmental protection services and the intensifying competition are shaping a new market pattern in the environmental protection industry[62]. Current Assets and Liabilities - As of June 30, 2023, the company's current assets totaled RMB 4,784.6 million, compared to RMB 4,330.6 million as of December 31, 2022, reflecting an increase driven by higher trade receivables[165]. - Total current liabilities increased to RMB 5,101.3 million as of June 30, 2023, from RMB 4,239.1 million as of December 31, 2022[165]. - The ageing analysis of total accounts receivable shows that receivables within one year increased to RMB 2,067.5 million from RMB 1,772.0 million, while those over two years rose to RMB 238.4 million from RMB 141.4 million[188].

B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kunming Dianchi Water Treatment Co., Ltd. 昆明滇池水務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3768） 2023年中期業績公告 財務摘要 截至2023年6月30日止六個月期間，本集團： • 收入約為人民幣862.8百萬元，較上年同期減少5.1%； • 稅前利潤約為人民幣201.4百萬元，較上年同期減少2.7%； • 本公司權益持有人應佔淨利潤約為人民幣165.9百萬元，較上年同期減少9.2%； • 每股盈利約為人民幣0.16元，較上年同期減少11.1%。 ...

Financial Performance - For the year ended 31 December 2022, the company's revenue was RMB 2,065,863,000, a decrease of 10.8% compared to RMB 2,317,738,000 in 2021[30]. - Operating profit increased to RMB 678,302,000, up 28.3% from RMB 528,368,000 in the previous year[30]. - Profit for the year was RMB 324,135,000, a slight decrease of 4.5% from RMB 339,551,000 in 2021[30]. - Total assets as of 31 December 2022 were RMB 11,702,204,000, down from RMB 12,067,938,000 in 2021[31]. - Total liabilities decreased to RMB 7,044,613,000 from RMB 7,632,127,000 in 2021, indicating a reduction of 7.7%[31]. Employee Relations and Benefits - Employee benefits for the years ended December 31, 2021, and 2022 amounted to approximately RMB185.2 million and RMB215.5 million, respectively, representing an increase of about 16.5%[1]. - There were no major labor disputes during the reporting period, indicating a good relationship with employees[3]. - The Company operates an in-house training program and owns a vocational training school to enhance employee skills[2]. Investments and Projects - The Company will invest approximately RMB170 million in the Kunming Luquan Yi and Miao Autonomous County Beautiful County Water Environment Comprehensive Improvement Project, obtaining 30-year or 15-year concession rights for each sub-project[17]. - The Company conditionally agreed to sell 100% equity interest in Fanchang Dianchi Water for a consideration expected not to exceed RMB163 million[24]. - The Mutual Trust No. 5 Asset Management Agreement was extended to April 10, 2022, with an investment of RMB300 million[9]. - The company has no plans for major investments or capital and asset acquisitions as of December 31, 2022[19]. Wastewater Treatment and Environmental Management - The wastewater treatment industry is expected to grow due to increasing urbanization and demand for improved wastewater quality and efficiency[34]. - The company is focusing on enhancing the operation and maintenance of wastewater networks and promoting sustainable development in the industry[40]. - The PRC government has issued guidelines to accelerate the construction of urban environmental infrastructure, indicating ongoing support for the wastewater treatment sector[35]. - The total volume of wastewater treated in 2022 was approximately 718.9 million m³, with an average facility utilization rate of approximately 97%[84]. - The company's TOO projects contributed 44.1% to total revenue, while TOT and BOT projects contributed 25.2%[79]. - The company has been entrusted to operate and manage rural domestic sewage collection and treatment facilities covering 886 villages across 19 towns[89]. Financial Management and Capital Utilization - The company maintains a focus on risk-controlled management of idle funds to enhance capital efficiency[76]. - The controlling shareholder pledged 198,080,068 shares, representing 30% of its shareholding, as security for a loan facility of RMB 200 million granted to the company[74]. - The company signed a facility agreement with various banks for banking facilities of up to US$300 million, with a final repayment date 36 months after the first withdrawal date[15][97]. Reclaimed Water Supply and Future Plans - The company plans to continue promoting the development of its reclaimed water business in accordance with local policies and market demand[107][110]. - The reclaimed water supply increased to 237,000 m³ per day in 2022, up from 233,000 m³ per day in 2021, marking a growth of approximately 1.7%[127]. - The company aims to maintain stable growth in its reclaimed water supply business[107][110]. - The integration of reclaimed water into urban water supply systems is expected to accelerate during the "14th Five-Year Plan" period, indicating significant market potential[41]. Operational Efficiency and Risk Management - The operational risks include capital-intensive characteristics of the industry and compliance with water quality standards[109]. - The company has a solid foundation for future development of its reclaimed water business across various regions in the country[107][110]. - The company aims to optimize corporate governance and risk management mechanisms to revitalize existing assets and broaden financing channels[57]. Overall Market and Economic Outlook - In 2023, China's economic performance is expected to recover, supported by strong resilience and potential in the economy[53]. - The COVID-19 pandemic did not cause any material adverse impact on the Group's production and operation, with wastewater treatment volume increasing steadily compared to the previous year[47].

B_table indent_4.5 mm N_table indent_4 mm 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Kunming Dianchi Water Treatment Co., Ltd. 昆明滇池水務股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3768） 截至2022年12月31日止年度的業績公告 財務摘要 截至2022年12月31日止年度，本集團： • 收入約為人民幣2,065.9百萬元，較2021年減少10.9%； • 經營利潤約為人民幣678.3百萬元，較2021年增加28.4%； • 稅前利潤約為人民幣367.5百萬元，較2021年減少7.4%； • 本公司權益持有人應佔淨利潤約為人民幣322.3百萬元，較2021年減少4.7%； 及 ...