Company Overview - Everbright Environment has become the largest environmental enterprise in China and a leading player in Asia's environmental protection industry since shifting its focus to the environmental sector in 2003[3][4]. - The company operates in over 210 locations across 25 provinces and has expanded its business to international markets including Germany, Poland, Vietnam, and Mauritius[5][7]. - Everbright Environment has been recognized as the top solid waste treatment enterprise in China for 11 consecutive years and has been included in the MSCI China Index for nine consecutive years[6]. - The company aims to create better investment value and undertake more social responsibility, having been listed in the Fortune China 500 for the first time in 2021[6]. Business Operations - Everbright Environment's main businesses include waste-to-energy, integrated waste treatment, and environmental remediation, contributing to its position as the world's largest waste-to-energy investor and operator[5][6]. - The company has a diverse portfolio that includes hazardous and solid waste treatment, resource recycling, and environmental sanitation integration, showcasing its comprehensive approach to environmental management[5]. - The Group's designed daily waste processing capacity remained the highest globally, while wastewater treatment capacity also saw significant progress[29]. - The Group's strategic deployment includes the "Four Major Areas" of environment, resources, energy, and climate, aiming for high-quality sustainable development[38]. Financial Performance - Revenue for 2021 reached HK42,926,426 in 2020[12]. - Profit attributable to equity holders of the Company was HK12,851,501 in 2020[12]. - Total assets increased by 27% to HK158,187,110 in 2020[12]. - Total liabilities rose by 32% to HK102,642,506 in 2020[12]. - Basic earnings per share increased to 110.76 HK cents, a 13% rise from 97.93 HK cents in 2020[12]. - The Group achieved a compound annual growth rate (CAGR) of total assets at 29%, revenue at 26%, and profit attributable to equity holders at 18% over the past four years[35]. Sustainability and Innovation - Everbright Environment has been a constituent member of the Dow Jones Sustainability Indices for six years running, reflecting its commitment to sustainability[6]. - The company has developed new technologies and solutions in areas such as zero-waste cities and energy-saving lighting, enhancing its service offerings[5]. - The establishment of the Carbon-Neutrality Technology Research and Development Center supports the Group's efforts in carbon emission reduction[30]. - The Group is committed to the "Three Carbons" development targets and action plan, focusing on reducing pollution and carbon emissions[42]. Market Expansion and Projects - Everbright Environment expanded its market presence by entering new markets including Xinjiang Uygur Autonomous Region, Hong Kong, and Mauritius[29]. - The Group signed 69 new projects in 2021, with a total investment of approximately RMB 13.248 billion, covering areas such as waste-to-energy, food waste treatment, and solar energy[62][63]. - The Group processed 43,452,000 tonnes of household waste, generating 22,271,602,000 kWh of green electricity, sufficient to meet the annual needs of 18,559,000 households[74]. - The Group's hazardous and solid waste processing reached 269,000 tonnes, contributing to a reduction of 20,211,000 tonnes of CO2 emissions[74]. Employee and Risk Management - The Group emphasized the importance of employee training, conducting various training sessions including safety management, cybersecurity, and corporate culture training to equip employees with necessary skills[171]. - The principal risks identified for the Group in 2021 included policy changing risk, environmental compliance risk, and market competition risk, with targeted control measures implemented to manage these risks[174]. - The Group's risk management system has been enhanced to address uncertainties arising from new policies and market conditions[175]. - The Group has established a three-level management system for pandemic prevention and control, focusing on vaccination and securing pandemic prevention supplies[186]. Awards and Recognition - The Company ranked first in the Top 50 Environmental Enterprises in China for the third consecutive year[23]. - The Company was included in the Fortune China 500 list for the first time, ranking 283rd[23]. - Everbright Water ranked first in the "Top 10 Influential Solid Waste Treatment Enterprises in China" for the 11th consecutive year[80]. - The company received the "Outstanding Enterprise in Fighting Against the Pandemic" award at the China Charity Festival[84].
光大环境(00257) - 2021 - 年度财报