Financial Performance - The company's operating revenue for Q1 2023 was ¥241,061,638.28, representing a 369.61% increase compared to ¥51,331,924.55 in the same period last year[4] - Net profit attributable to shareholders for Q1 2023 was ¥36,142,617.27, a significant increase of 759.08% from a loss of ¥5,483,792.05 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥35,177,877.88, up 575.95% from a loss of ¥7,391,083.68 in the same period last year[4] - Basic earnings per share for Q1 2023 were ¥0.35, an increase of 800.00% from a loss of ¥0.05 per share in the same period last year[4] - Diluted earnings per share were ¥0.32, reflecting a 740.00% increase from a loss of ¥0.05 per share in the previous year[4] - The weighted average return on equity was 4.49%, up 5.25 percentage points from -0.76% in the same period last year[4] - The gross profit margin for Q1 2023 was approximately 21.5%, compared to a negative margin in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥5,445,809.03, a turnaround of 115.49% from a negative cash flow of ¥35,160,812.94 in the previous year[4] - Total cash inflow from operating activities was ¥248,206,805.70, while cash outflow was ¥242,760,996.67, resulting in a net increase of ¥5,445,809.03[24] - Cash inflow from financing activities totaled ¥385,510,001.81, with cash outflow amounting to ¥243,067,063.69, leading to a net cash flow of ¥142,442,938.12[25] - Cash and cash equivalents increased to ¥165,611,626.66 from ¥135,587,729.01 at the beginning of the year, representing a growth of 22.4%[17] - Cash and cash equivalents at the end of Q1 2023 stood at ¥141,234,494.50, an increase from ¥109,386,025.66 at the beginning of the quarter[25] - The company reported cash inflow from other operating activities of ¥81,929,786.62, a significant increase from ¥7,261,533.95 in Q1 2022[24] - The total cash outflow for investment activities was ¥115,352,082.46, compared to ¥222,889,751.35 in the previous year, indicating a reduction in investment spending[24] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,811,357,280.79, a 9.84% increase from ¥2,559,505,091.68 at the end of the previous year[4] - Total liabilities increased to CNY 1,943,939,876.13 in Q1 2023 from CNY 1,795,298,070.71 in Q1 2022, reflecting a growth of about 8.2%[22] - Shareholders' equity attributable to the parent company was ¥847,075,636.07, an increase of 11.14% from ¥762,162,366.84 at the end of the previous year[4] - The total equity attributable to shareholders of the parent company rose to CNY 847,075,636.07 from CNY 762,162,366.84, marking an increase of approximately 11.1%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,327[11] - Zhang Xinguang holds 16.08% of shares, totaling 17,060,250 shares, with 12,795,187 shares under lock-up[11] - The total number of shares held by the top ten unrestricted shareholders includes 10,828,500 shares held by Qingdao Huicheng Xinde Investment Co., Ltd.[11] Project Developments - The significant increase in revenue and profit was attributed to the completion and operation of new projects, which boosted service and product sales[8] - The company has launched a new 40,000 tons/year FCC catalyst project, which commenced production in February 2023[15] - A new project for the recycling and utilization of solid waste from FCC catalysts is currently in trial production, enhancing waste catalyst disposal capacity[15] - The company has developed a high-sulfur petroleum coke hydrogen ash comprehensive utilization project, which is the first of its kind in China[15] Research and Development - Research and development expenses for Q1 2023 were CNY 4,923,907.26, up from CNY 3,485,687.96 in the previous year, indicating a growth of about 41.3%[20] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]

Financial Performance - The company achieved total operating revenue of RMB 363.23 million in 2022, representing a year-on-year increase of 27.51%[5] - The total profit for the year was RMB 1.98 million, a significant decline of 86.08% compared to the previous year[5] - The net profit attributable to shareholders of the parent company was RMB 2.47 million, down 78.96% year-on-year[5] - The decline in profit was attributed to factors such as reduced sales prices of catalysts, increased costs of raw materials and energy, and the impact of stock incentive costs[5] - The company's operating revenue for 2022 was ¥363,231,960.27, representing a 27.51% increase compared to ¥284,862,176.85 in 2021[22] - The net profit attributable to shareholders decreased by 78.96% to ¥2,473,554.56 from ¥11,754,160.00 in the previous year[22] - The net profit after deducting non-recurring gains and losses was -¥8,030,829.47, a decline of 272.15% compared to ¥4,665,070.98 in 2021[22] - The basic earnings per share dropped by 83.33% to ¥0.02 from ¥0.12 in 2021[22] - The cash flow from operating activities improved by 31.47%, with a net outflow of -¥85,866,351.66 compared to -¥125,298,811.40 in 2021[22] - The revenue from hazardous waste treatment services increased by 32.23% to CNY 39.38 million[61] - The company reported a significant increase of 200.49% in revenue from outside Shandong Province, totaling CNY 164.12 million[61] - The company achieved a total operating revenue of 337.29 million yuan in 2022, with a gross profit of 121.37 million yuan, resulting in a gross margin of approximately 36%[69] - The revenue from hazardous waste treatment services was 39.38 million yuan, with a gross margin of 42.23%, reflecting a year-on-year increase of 10.28%[64] - The company reported a significant increase in revenue from overseas operations, reaching 33.73 million yuan, which is a 274.60% increase compared to the previous year[64] Strategic Initiatives - The company plans to promote new technology services and increase product sales variety to drive revenue growth[5] - The company plans to continue focusing on market expansion and new product development to enhance future performance[32] - The company is actively expanding its overseas catalyst, additive, and molecular sieve markets, with substantial commercial activities in the USA, Japan, South Korea, and other countries[34] - The company plans to extend its environmental governance business into multiple industries, focusing on reducing plastic pollution through innovative recycling technologies[38] - The company is focusing on the development of low-value waste plastic recycling systems to address global plastic pollution issues[39] - The company is currently developing new technologies in waste resource utilization, with a focus on increasing production efficiency[104] - The company is committed to enhancing its independent technological innovation capabilities in response to new ecological protection industry opportunities[123] - The company plans to invest CNY 316 million through a stock issuance to enhance financial structure and support project funding[56] Research and Development - The company has developed core technologies for hazardous waste treatment, including solid waste catalyst resource utilization technology and industrial waste sulfuric acid chemical chain recycling technology[36] - The company has successfully implemented the high-sulfur petroleum coke hydrogen production technology, which is the first of its kind in the country, enhancing service income and profits[36] - The company’s new non-ammonia reduction desulfurization technology effectively removes sulfur trioxide from flue gas, addressing pollution issues associated with traditional desulfurization methods[37] - The company has developed a new process for waste plastic oil recovery, enhancing the recycling of waste plastics[83] - The synthesis of ZSM-5 molecular sieves has achieved a crystallinity of over 92% with a silicon-aluminum ratio between 25-35[83] - The company has successfully synthesized β molecular sieves with a crystallinity of over 90% and a silicon-aluminum ratio of 16-20[83] - The company has developed a chlorination purification technology for waste SCR agents, with laboratory tests yielding chlorinated products that meet industrial product standards[84] - The company is exploring the recovery of nickel from high-sulfur petroleum coke, which is expected to provide new growth points for future development[84] Operational Challenges - There are uncertainties in the macroeconomic environment and the refining industry, affecting operational stability[5] - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[22] - Rising costs of key raw materials due to macroeconomic fluctuations pose a risk to profit margins, prompting the company to improve procurement processes and supplier management[134] - An increase in accounts receivable has been noted, raising concerns about cash flow and potential bad debt losses, leading the company to strengthen receivables management[135] - The company's expansion across multiple regions introduces management challenges, necessitating enhanced internal controls and financial oversight to maintain operational efficiency[136] Governance and Compliance - The company strictly adheres to relevant laws and regulations to enhance corporate governance, ensuring equal rights for all shareholders, especially minority shareholders[139] - The board of directors consists of 7 members, including 3 independent directors, and operates in compliance with legal requirements and internal regulations[140] - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with relevant laws[141] - The company maintains independent operations and decision-making capabilities, with no interference from the controlling shareholder[139] - The company has a complete governance structure with independent boards and committees, adhering to legal regulations[143] Financial Management - The company's long-term borrowings increased to 677,235,486.23 yuan, representing 26.46% of total liabilities, up from 15.02% in the previous year, indicating a rise in financing for fixed asset projects[95] - The total cash and cash equivalents decreased by 92,109,761.19 yuan, a significant drop of 240.62% from an increase of 65,500,930.85 yuan in 2021, largely due to reduced net cash flow from investment activities[90] - The company reported a net interest income of CNY 1.12 million from bank deposits after deducting bank fees[108] - The company has not experienced any legal or regulatory violations in the management and use of raised funds during the reporting period[108] - The company has committed to ongoing improvements in governance and internal control systems to adapt to changing internal and external environments[200] Employee Management - The total number of employees at the end of the reporting period was 708, with 492 in the parent company and 216 in major subsidiaries[179] - The company employs 37 individuals with a master's degree or above, and 209 with a bachelor's degree[179] - The company’s training plan includes annual training needs assessments and the development of annual training plans for departments[181] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 6.1964 million[165] - The company’s management compensation policy links annual bonuses to the company's annual performance and target responsibility assessment results[180] Shareholder Relations - The company did not propose a cash dividend distribution plan for 2022, citing the need to retain profits for research and development, operational needs, and to ensure stable growth[187] - The company has established a three-year shareholder dividend return plan for 2022-2024[176] - The cash dividend policy aligns with the company’s articles of association and has been transparently communicated to shareholders[185] - The company’s performance evaluation mechanism for senior management links compensation to company performance, promoting a shared risk and benefit model[193]

证券代码：300779 证券简称：惠城环保 青岛惠城环保科技集团股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-------------------------------|----------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300779 证券简称：惠城环保 编号：2021-001 青岛惠城环保科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------------|------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Financial Performance and Measures - The company faced financial pressure primarily due to ongoing project constructions, which has been alleviated as projects enter trial production stages [2] - The company has implemented measures such as raising funds from the secondary market, applying for bank loans, and utilizing self-owned funds to support project construction [2] - The net profit for the first half of the year declined due to the severe rebound of COVID-19, leading to reduced operating rates among downstream customers and increased costs from new project personnel and raw materials [3] Group 2: Business Development and Strategy - The company established Guangdong Dongyue Environmental Technology Co., Ltd. to handle solid waste treatment and resource utilization, focusing on specific projects like the petroleum coke hydrogen production ash [2] - Future development directions include solid waste disposal services and continuous innovation in technology to support sustainable development [3] - The company is actively expanding into international markets and developing new customers to mitigate the impact of changes in procurement policies from state-owned enterprises [3] Group 3: Project Updates and Capacity Expansion - Current major projects include a 30,000 tons/year FCC catalyst solid waste regeneration project and a 40,000 tons/year FCC catalyst new materials project, both of which are in the commissioning phase [4] - The company’s FCC catalyst production capacity is set to increase from 20,000 tons/year to 40,000 tons/year, with waste catalyst treatment capacity rising from 28,480 tons/year to 58,480 tons/year following new project completions [5] - The company is focusing on enhancing its competitive edge through the promotion of technologies like industrial waste sulfuric acid chemical chain recycling and industrial flue gas desulfurization [4] Group 4: Market Position and Competition - The domestic demand for FCC catalysts is approximately 200,000 tons annually, with the company being the largest private FCC catalyst manufacturer outside of Sinopec and PetroChina [5] - The company has built a stable customer base in waste agent disposal services and is focusing on improving product performance and expanding into new business areas [5] - The company is addressing competitive pressures from emerging players in the refining industry by leveraging its established market reputation and technological advancements [5]