Financial Performance - The company's operating revenue for 2022 was CNY 3,954,790,154, representing an increase of 18.70% compared to CNY 3,331,733,032 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 314,601,062, reflecting a growth of 23.30% from CNY 255,152,969 in the previous year[20]. - The net cash flow from operating activities increased by 53.13% to CNY 182,375,913.92, up from CNY 119,095,228.02 in 2021[20]. - The total assets at the end of 2022 reached CNY 6,881,086,830, marking a 21.08% increase from CNY 5,724,539,938 in 2021[21]. - The net assets attributable to shareholders rose to CNY 1,914,118,360, which is a 16.67% increase compared to CNY 1,667,120,954 in 2021[21]. - The basic earnings per share for 2022 was CNY 0.77, up 24.19% from CNY 0.62 in 2021[20]. - The company reported a net profit excluding non-recurring gains and losses of CNY 296,379,292.06, an increase of 19.07% from CNY 248,903,505.60 in 2021[20]. - The total amount of contracts won by the company in 2022 reached 9.287 billion yuan, maintaining the industry-leading position for three consecutive years[39]. - The company's total assets as of the end of the reporting period were 6.881 billion yuan, a growth of 21.08% compared to the beginning of the year[37]. - The company reported a significant increase in the revenue from municipal sanitation projects, with a staggering growth rate of 8,049.11% year-over-year[54]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares to all shareholders, based on a total of 408,664,950 shares[4]. - The total distributable profit at the end of 2022 was 531,675,706.21 CNY, with a proposed cash dividend of 1.00 CNY per 10 shares, totaling 40,866,495.00 CNY[151]. - The cash dividend represents 12.99% of the net profit attributable to shareholders for the year[151]. - The company did not issue any bonus shares or increase capital from the capital reserve, with all remaining undistributed profits carried forward to the next year[151]. Business Operations and Strategy - The company has not changed its main business since its listing, indicating stability in operations[19]. - The company operates in the municipal sanitation engineering sector, focusing on waste collection, transfer, and street cleaning[14]. - The company has established a partnership model (PPP) for infrastructure projects, indicating a strategy for collaboration with private organizations[14]. - The company has established a modern urban comprehensive service system covering nearly 100 cities across 26 provinces, enhancing its service capabilities[38]. - The company has implemented the "@City" brand strategy to enhance urban governance and service quality, focusing on comprehensive urban management[38]. - The company aims to integrate its main business with emerging businesses, leveraging the "@City" sub-brand to expand and extend its industry chain[97]. - The company is positioned as a leader in the urban public service sector, with a full industry chain integration capability in urban construction, governance, operation, and service[34]. Environmental Responsibility - The company is committed to environmental responsibility and aims to enhance the value of waste through classification and resource recovery[14]. - The environmental sanitation management segment contributed ¥3,938,083,728.10, accounting for 99.58% of total revenue, with an 18.61% year-on-year growth from ¥3,320,111,453.21[52]. - The company has implemented measures to promote green production, including the use of 13,973 electric vehicles and 76 new energy vehicles[168]. - The company has taken steps to reduce carbon emissions through various initiatives, including energy-saving measures and waste reduction practices[168]. - The company has published its 2022 Social Responsibility Report on April 28, 2023, detailing its commitment to social and environmental responsibilities[170]. Research and Development - R&D expenses increased by 146.62% to ¥28,417,950.19, reflecting the company's increased investment in solid waste treatment and smart sanitation research[64]. - The number of R&D personnel rose by 79.55% to 88, indicating a significant increase in the company's research capacity[67]. - The company completed 6 patents related to solid waste treatment and smart sanitation systems, enhancing its technological capabilities[66]. - The company is developing a smart sanitation information system aimed at improving data management and analysis for smart city services[65]. Governance and Management - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the meeting[4]. - The company has a diverse board of directors, with various independent directors ensuring governance integrity[120]. - The company has a robust financial accounting system and independent financial decision-making capabilities, with no shared financial resources with controlling entities[114]. - The company has established a comprehensive anti-corruption management system, including measures against commercial bribery and illegal appropriation of company assets[111]. - The company has a structured decision-making process for determining the remuneration of its senior management[130]. Market Expansion and Future Plans - In 2023, the company plans to accelerate market capture and expand into new business areas in response to market trends[94]. - The company aims to strengthen its market expansion and profitability through the establishment of new entities in various cities[92]. - The company is focusing on enhancing its project management capabilities to mitigate future delays and improve efficiency[84]. - The company is exploring potential mergers and acquisitions to further strengthen its market position and service capabilities[128]. Financial Management and Investments - The company has made significant progress in R&D projects, including the development of a carbon emission quantitative inversion system and a rural sewage treatment system[66]. - The company reported a net cash outflow from investment activities of ¥470,627,519.81, a 29.55% improvement from the previous year[69]. - The company has committed to specific investment projects using the raised funds, but details on the progress and adjustments are pending[82]. - The company has not engaged in any securities or derivative investments during the reporting period[76][77]. Employee and Labor Management - The total number of employees at the end of the reporting period was 61,703, with 14,637 from the parent company and 47,066 from major subsidiaries[142]. - The company has implemented a continuous and stable profit distribution policy, focusing on reasonable returns for investors while ensuring sustainable development[147]. - The company emphasizes competitive salary packages, including wages, performance bonuses, and various insurance benefits, while continuously improving its compensation system[144]. - The company has established a performance management system to better motivate employees and enhance productivity[144].

Company Overview - Qiaoyin Environmental Protection was established in 2001 and is the first A-share listed sanitation service company in China [3] - The company aims to be a comprehensive service provider for improving living environments [3] Core Competitive Advantages - **First-Mover Advantage**: Nearly 20 years of experience in the sanitation market [3] - **Strategic Leadership**: Focus on integrated solutions for urban sanitation management, with a mission to beautify every city [3] - **Professional Expertise**: Holds industry qualifications and has contributed to national standards [5] - **Influence**: Recognized as one of the top three influential brands in the sanitation industry for three consecutive years [5] - **Business Volume**: Operates nearly 300 projects across 18 provinces and over 70 cities [5] Performance Highlights (H1 2020) - **Revenue Growth**: Achieved operating revenue of CNY 1.451 billion, a year-on-year increase of 45.95% [6] - **Net Profit**: Reported a net profit of CNY 186 million, up 205.89% year-on-year [6] - **Gross Margin**: Maintained a gross margin of 28.66%, an increase of 10.15% year-on-year [6] - **Total Assets**: Reached CNY 3.785 billion, with net assets of CNY 1.229 billion [6] - **Cash Flow**: Generated a net cash flow from operating activities of CNY 151 million, a significant increase of 680.36% [6] Operational Management Achievements - Expanded service cities by 4 and secured 11 new sanitation service projects [6] - Implemented a large-area management model to enhance operational efficiency [6] - Collaborated with Tsinghua University for research on innovative environmental protection technologies [6] Social Responsibility - Established a crisis management team during the pandemic and contributed CNY 20 million to a public welfare foundation [6] - Ensured sanitation safety in over 60 cities during the pandemic [6] Future Outlook - The company anticipates a total order amount of approximately CNY 28 billion by mid-2020, with a projected annualized amount of CNY 3 billion for 2020 [7] - Plans to continue expanding its market presence and enhance service quality [7] - Expected gross margin improvement of around 2% over the next 3-5 years [8] Strategic Development - The dual strategy of "Urban Steward" and "Environmental Innovation Technology" will continue to drive growth [10] - Focus on integrated urban environmental services, including waste management and public facility maintenance [10]

Company Overview - Qiaoyin Environmental Protection was established in 2001 and is a leading company in China's environmental sanitation industry, recognized as one of the top three influential brands in the sector [3][4] - The company achieved a revenue of CNY 2.195 billion in 2019, representing a year-on-year increase of 39.3% [3][4] - The net profit attributable to shareholders was CNY 131 million, with a year-on-year growth of 27.94% [4] Financial Performance - In Q1 2020, the company reported a revenue of CNY 666 million, a year-on-year increase of 40.37%, and a net profit of CNY 86.71 million, up 184.84% [4][8] - The total new orders in 2019 amounted to CNY 12.381 billion [4][10] - The company’s revenue growth rate over the past three years was 36% [4][10] Market Position and Industry Insights - The environmental sanitation industry is a necessity for cities, with a projected market size of CNY 314.4 billion by 2020 [4][5] - Qiaoyin Environmental Protection has been recognized as a benchmark in the industry, consistently ranking among the top influential brands for ten consecutive years [4][5] - The company operates in 17 provinces and over 60 cities, showcasing its extensive reach and operational capacity [5][10] Strategic Initiatives - The company implements a dual strategy of "Urban Steward" and "Environmental Innovation Technology" to enhance its service offerings [5][6] - The "Urban Steward" strategy focuses on comprehensive urban management services, while the "Environmental Innovation Technology" aims at improving waste treatment processes [5][6] - The company is cautious about expanding into large-scale governance projects, preferring to select high-quality projects [6][10] Competitive Advantages - Qiaoyin Environmental Protection has a competitive edge in strategy, brand, management, experience, talent, and funding [8][11] - The company has a robust operational management system, ensuring high efficiency and service quality across its projects [12][13] - The company’s mechanization rate is nearly 100% on main roads, with ongoing efforts to increase mechanization in smaller areas [12][13] Future Outlook - The company anticipates continued growth in orders, with a compound annual growth rate of 66% over the past three years [10][11] - The rural projects currently account for approximately 10% of revenue, with potential for future growth depending on project bidding outcomes [10][11] - The company expects to see improvements in gross and net profit margins as management practices become more refined [12][13]

证券代码：002973 证券简称：侨银环保 编号：2020-012 1 侨银环保科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-------------------------------------|--------------------------------------------------------| | | | | | | □特定对象调研 □ | √ 分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系活动 | □新闻发布会 □路演活动 | | | 类别 | □ √ 现场参观 | | | | □其他 | | | 参与单位名称及 | | 东吴证券、富国基金、生命资产、财信证券、中天国富、方正 | | 人员姓名 | | 证券、华泰证券、东证资管、复胜资产、红筹投资等 | | 时间 | 2020 年 7 月 3 日 10:00 | 开始 | | 地点 | 公司会议室 | | | 上市公司接待人 员姓名 | | 财务总监：陈立叶；董事会秘书：陈春霞 | | 投资者关系活动 主要内容介绍 ...

Company Overview - Established in 2001, the company is a leading environmental sanitation enterprise in China, ranking among the top three most influential brands in the industry [3] - As the first A-share listed environmental sanitation company in China, it has a strong reputation and comprehensive capabilities in performance, equipment, and brand [3] - The company focuses on the core strategy of "comprehensive improvement of human settlements" and implements the dual-drive strategy of "city housekeeper" and "environmental innovation technology" [4] - Its business covers urban and rural sanitation cleaning, waste classification and disposal, sanitation engineering, municipal public facility management, and more [4] Market and Industry Trends - Since 2013, China's environmental sanitation management industry has entered a rapid marketization phase, with policies driving further development and market expansion [3] - Factors such as urbanization, waste classification, and rural revitalization have contributed to the industry's upward trend, currently in a high-growth period [3] - The marketization rate of the environmental sanitation industry is approximately 30%, with increasing demand for rural sanitation services [6] - The COVID-19 pandemic has highlighted the importance of public health and sanitation, potentially leading to increased government focus and investment in the sector [5] COVID-19 Response - The company operates over 300 projects in more than 60 cities, employing over 35,000 sanitation workers [4] - It established a crisis management team on January 22, 2020, to coordinate epidemic prevention efforts, including disinfection and employee protection measures [4] - The company has allocated 20 million yuan for the "Qiaoyin Charity Fund" to support public health and safety initiatives [5] - The pandemic has increased operational costs, but the company expects long-term benefits from heightened government attention to public sanitation [5] Financial and Operational Performance - The company's debt ratio is 60%, with annual operating cash flow of approximately 200 million yuan [7] - Capital expenditures in 2018 and 2019 were around 700-800 million yuan, primarily for BOT projects such as the Guangzhou Likeng Comprehensive Treatment Plant and the Guangzhou East Solid Resource Recycling Center [7] - The company plans to maintain a debt ratio below 70% and will consider financing options based on market conditions [7] - The average contract duration for projects is 8-10 years, with a renewal rate of over 75% [8] Future Development and Projects - The company is actively involved in waste classification projects, with notable examples in Jiangxi and Guangdong provinces [8] - It is exploring innovative environmental technologies, including the construction of animal waste treatment plants and the development of a comprehensive environmental sanitation and protection enterprise [6] - The company is upgrading its smart sanitation information system platform to enhance management efficiency [9] - The Likeng project, the largest food waste treatment facility in Asia, is expected to enter full operation by mid-2020, with a daily processing capacity of 2,000 tons [7] Industry Challenges and Opportunities - The company faces challenges in managing increased workloads and costs due to the pandemic and waste classification initiatives [5][8] - However, the industry is expected to benefit from increased government investment and the potential for marketization to expand further, particularly in rural areas [6] - The company is well-positioned to capitalize on these opportunities due to its strong market position, operational experience, and innovative capabilities [3][4][6]

Company Overview - Qiaoyin Environmental has been dedicated to environmental sanitation since its establishment in 2001, becoming a leading player in China's sanitation service industry [3] - The company achieved a revenue of CNY 2.195 billion in 2019, a year-on-year increase of 39.3%, with a net profit of CNY 131 million, up 27.94% [4] - In Q1 2020, the company reported a revenue of CNY 666 million, a 40.37% increase year-on-year, and a net profit of CNY 86.71 million, up 184.84% [4] Market Potential - The sanitation industry is a necessity for cities, with a large market space; the total market size in China is expected to reach CNY 314.4 billion by 2020 [4] - The company is positioned as a benchmark in the sanitation industry, consistently ranked among the top three influential brands for ten consecutive years [4] Business Performance - The company has shown rapid growth with a compound annual growth rate (CAGR) of over 36% in revenue from 2017 to 2019, with new orders exceeding CNY 27 billion during this period [4] - The company has a strong order backlog, with an annualized amount of approximately CNY 3 billion for 2020, and CNY 1.3 billion for new orders in 2019 [6] Strategic Advantages - Qiaoyin Environmental implements a dual strategy of "Urban Steward" and "Environmental Innovation Technology," enhancing its service offerings and operational efficiency [5] - The company operates in over 60 cities across 17 provinces, showcasing extensive operational experience and a broad service coverage [5] Response to COVID-19 - The pandemic has increased the company's workload, particularly in disinfection and sanitation services, leading to discussions for additional subsidies with clients [6] - The company anticipates that the pandemic will lead to greater government focus on public sanitation, potentially resulting in more supportive policies for the sanitation industry [6] Future Outlook - The company expects to see a quick release of market orders in the second half of 2020, following the resumption of normal operations post-pandemic [9] - Qiaoyin Environmental is actively monitoring potential acquisition targets to enhance its market position, with planned capital expenditures for 2020 expected to be no less than CNY 500 million [9]

编号：2020-005 证券代码： 002973 证券简称：侨银环保 侨银环保科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company expects a net profit attributable to shareholders of between 171 million to 189 million CNY for the first half of 2020, representing a growth of 180% to 210% compared to the same period last year [3] - The increase in net profit is attributed to a rise in project operations, improved management efficiency, and favorable government policies during the COVID-19 pandemic [3] Market Position and Strategy - Qiaoyin Environmental Technology Co., Ltd. is a leading provider in the full industrial chain of environmental sanitation management and the first A-share listed sanitation service company in China [3] - The company has developed a comprehensive urban public environmental management service system, focusing on "integrated urban and rural sanitation" and "environmental pollution prevention" [4] Project Developments - The Guangzhou Likeng kitchen waste treatment plant is the largest single kitchen waste treatment project in Asia, with an investment of 410 million CNY and a guaranteed processing capacity of 1,000 tons per day [4] - The solid resource regeneration center in Guangzhou is the largest leachate treatment plant in China, currently in trial operation, with a daily processing capacity of 4,000 tons [5] Industry Trends - The average contract duration in the sanitation market is currently shortening, influenced by the pandemic, but is expected to lengthen in the future [4] - The company anticipates steady growth over the next 3-5 years due to the rapid marketization of sanitation services and the increasing demand for integrated sanitation contracts [6] Operational Management - The company employs a regional management model with 11 regions, each having dedicated market development and operational management teams [6] - Management expenses have increased due to the expansion of the company and the optimization of management structures, which is expected to enhance long-term profitability [6]

证券代码：002973 证券简称：侨银环保 侨银环保科技股份有限公司 投资者关系活动记录表 编号：2020-016 | --- | --- | --- | |--------------|--------------------------|----------------------------------------------------| | | | | | | R | 特定对象调研 £分析师会议 | | 投资者关系活 | □ 媒体采访 £业绩说明会 | | | | □新闻发布会 □路演活动 | | | 动类别 | £ 现场参观 | | | | □ 其他 | | | 参与单位名称 | | 国金证券、工银瑞信基金、兴全基金、万家基金、睿郡投 | | 及人员姓名 | 资、尚雅投资、平安银行等 | | | 时间 | 2020 年 12 月 09 | 日 15:30 开始 | | 地点 | 公司会议室 | | | 上市公司接待 | | | | 人员姓名 | | 财务总监：陈立叶；董事会秘书：陈春霞 | 1 | --- | --- | |-----------------|------------------- ...

编号：2020-017 证券代码：002973 证券简称：侨银环保 侨银环保科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------------|--------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | £ 特定对象调研 | £ 分析师会议 | | 投资者关系活 | □ | 媒体采访 £业绩说明会 | | 动类别 | R | 新闻发布会 □路演活动 | | | £ 现场参观 £其他 | | | | 机构投资者 ...