Company Overview - Everbright Water has a designed daily water treatment capacity of approximately 7.70 million m³ as of December 31, 2024[10]. - The company operates across 13 provinces and regions in China, including major cities like Beijing and Shanghai, and has an overseas presence in Mauritius[10]. - Everbright Water is committed to technological innovation and sustainable development in water environment management, reflecting its long-term vision[3]. - The company has established a full industry chain in the water business, covering project investment, planning, R&D, engineering, and operations management[10]. - The controlling shareholder of Everbright Water is China Everbright Environment Group Limited, listed on the Hong Kong Stock Exchange[9]. - The company focuses on various water-related businesses, including raw water protection, municipal and industrial wastewater treatment, and sludge treatment[10]. - Everbright Water aims to create value for industries through its comprehensive water management services[12]. Financial Performance - Revenue for FY2024 was HK6,704,684[23]. - Gross profit decreased by 7% to HK2,822,383 in FY2023[23]. - EBITDA for FY2024 was HK2,469,511[23]. - Profit attributable to equity holders of the company fell by 14% to HK1,187,412 in FY2023[23]. - Basic earnings per share decreased to 35.64 HK cents in FY2024, down from 41.51 HK cents in FY2023, a 14% drop[23]. - Total assets increased by 5% to HK34,220,661 in the previous year[23]. - Total liabilities also rose by 5% to HK20,768,319 in FY2023[23]. - The return on shareholders' equity decreased to 8.8% in FY2024, down from 10.6% in FY2023, a decline of 1.8 percentage points[23]. - The total dividend per share for FY2024 was 11.90 HK cents, a decrease of 4% from 12.44 HK cents in FY2023[23]. - Net asset value per share increased by 4% to 4.14 HK in FY2023[23]. Operational Highlights - The Group treated approximately 1.763 billion m³ of wastewater and produced around 48.5 million m³ of reusable water in FY2024[48]. - The Group secured the Zhengzhou Airport Economy Zone Waste Water Treatment Project, marking significant business expansion in Henan's water market[39]. - The Group established two R&D bases in China to enhance research capabilities for industrial wastewater treatment[46]. - The Group was awarded the "ListCo Excellence Award" for the fifth consecutive year, recognizing its outstanding performance[39]. - The Group launched a series of environmental protection activities, engaging local communities to promote green and low-carbon development[34]. - The Group signed a memorandum of understanding to explore cooperation opportunities in Indonesia, enhancing international collaboration[39]. - The Group's "Five Innovations" initiative improved the quality and efficiency of intelligent water treatment plant construction[47]. - The Group was shortlisted as one of the "Top Ten Influential Enterprises in China's Water Industry" for the seventh consecutive year[34]. - The Group secured the Anyang Municipal Waste Water Treatment Centre Phase I Project, marking a significant breakthrough in Henan's water market[36]. Strategic Initiatives - The Group is actively exploring new strategies for market expansion and technological advancements in its operations[10]. - The Group is focusing on both asset-light and asset-heavy business strategies to enhance synergistic growth[64]. - The Group invested in 5 new projects with a total investment value of approximately RMB 896 million and signed 2 supplementary agreements, while undertaking asset-light businesses with a total contract value of approximately RMB 1.033 billion[67][69]. - The Group's new municipal wastewater treatment capacity added was 103,000 m³/day, with industrial wastewater treatment capacity of 80,000 m³/day and reusable water supply capacity of 9,000 m³/day[69]. - The Group actively diversified financing channels, optimizing loan tenures, currencies, and interest rates to reduce financial costs[78]. Environmental and Social Responsibility - The Group achieved a "three zeros" goal in safety, environment, and occupational health across all construction projects for the third consecutive year[77]. - The Group actively promotes sustainable development in the water environment sector, contributing to national ecological civilization construction[172]. - The Group developed "Low-Carbon Demonstration Projects" to promote low-carbon development within the industry[173]. - The Group ensures compliance with environmental standards, with operational projects meeting Grade 1A or higher discharge standards[174]. - The Group has received multiple awards for corporate governance and social responsibility, including recognition as one of the "Top Ten Influential Enterprises in China's Water Industry" for the seventh consecutive year[85]. Employee and Organizational Development - The Group employed approximately 1,800 employees, with remuneration based on qualifications, experience, job nature, performance, and market conditions[129]. - The Group implemented a talent-driven strategy, focusing on continuous development and training for employees, including specialized training on various management topics[126]. - The Group established a reserve talent pool and conducted regular employee training to enhance the capabilities of reserve talents and young employees[161]. - The Group's organizational structure was streamlined, resulting in improved operational efficiency and compliance levels[125]. Risk Management and Compliance - The Group's risk management initiatives were strengthened, identifying and assessing principal risks, including policy changes and market competition risks[130]. - The Group's comprehensive management system includes the Environmental, Safety, Health, and Social Responsibility Management System, aimed at standardizing management processes[124]. - The Group's response to market competition includes effective analysis and forecasting of market trends to maintain competitive advantages[137]. - The Group faced increased pressure regarding environmental compliance and safety production management due to new regulations introduced by the PRC government[142]. Future Outlook - The Group aims to become China's leading operator in "water-related" business, focusing on green, low-carbon, and high-quality development[87]. - The Group is committed to innovative breakthroughs and consolidating its strengths in the environmental protection industry amidst increasing market competition[89].
中国光大水务(01857) - 2024 - 年度财报