Financial Performance - For FY2021, the Group recorded revenue of HK5.66 billion in FY2020[19]. - EBITDA for FY2021 was HK1.93 billion in FY2020[19]. - Profit attributable to equity holders reached HK1.02 billion in FY2020[19]. - The Group's overall gross profit margin was 41%, an increase of 2 percentage points compared to FY2020[19]. - The Group's total dividend for FY2021 is HK12.58 cents per ordinary share, an increase of 28.5% from HK9.81 cents in FY2020[37]. - Basic earnings per share for FY2021 were 41.96 HK cents, a 17% increase from 35.80 HK cents in FY2020[113]. - Total assets as of 31 December 2021 were HK13.16 billion[43]. - The gearing ratio as of 31 December 2021 was 60.1%, an increase of 2.5 percentage points from 57.6% at the end of 2020[43]. Project Development and Capacity - The Group invested in and held 153 environmental protection projects with a total investment of approximately RMB28.43 billion as of December 31, 2021[17]. - The Group's projects have an aggregate designed daily water treatment capacity of over 7 million m³, covering 12 provinces, municipalities, and autonomous regions in China, as well as one overseas market[8]. - The Group secured 14 waste water treatment projects and 1 reusable water project in FY2021, with a total investment of approximately RMB3.76 billion[19]. - In FY2021, the Group commenced construction on six projects with a designed daily wastewater treatment capacity of 130,000 m³, completed five projects with a capacity of 72,500 m³, and had 11 projects operational with a capacity of 249,000 m³[24][25]. Strategic Focus and Innovation - Everbright Water's strategic focus on "Innovation-Driven" development has solidified its financial position and market presence[8]. - The Group plans to optimize existing businesses and explore new areas for business expansion through innovative means[12]. - The Group aims to enhance its strategic vision to be more market-oriented, professional, and international while adhering to an "Innovation-Driven" development approach[12]. - The Group aims to enhance its core competitiveness through technological upgrades and management optimization in response to the saturated traditional water market[40]. Environmental Commitment - The company is committed to "Peaking Carbon Dioxide Emissions" and "Achieving Carbon Neutrality," aligning with national ecological conservation strategies[7]. - The Group's focus on green and low-carbon development aligns with China's strategic goals of Dual Carbons, emphasizing pollution reduction and carbon emission[14]. - The Group treated approximately 1,698,710,000 m³ of waste water during the year, reducing chemical oxygen demand (COD) discharge by about 417,371 tonnes[155]. - The Group's reusable water projects produced around 28,530,000 m³ of reusable water, aimed at reducing freshwater consumption in cities[155]. Governance and Management - The Company is committed to high standards of corporate governance to enhance long-term value and protect shareholders' interests[179]. - Throughout FY2021, the Company complied with the principles and provisions of the SG CG Code and HK CG Code, ensuring robust governance practices[179]. - The Board held a total of six meetings during FY2021, ensuring regular oversight and governance[184]. - The Company has established a strong governance framework with independent directors overseeing key committees[136]. Community Engagement and Education - The Group opened 31 projects to the public, receiving a total of 9,430 visitors across 267 batches, while online visits exceeded 550,000 views[99]. - The Group has been proactive in environmental science popularization, enhancing public awareness of water environmental protection through various educational initiatives[99]. - Various online and offline activities were organized to promote water resource protection during the "World Water Day" and "China Water Week"[170]. - The Group's community involvement initiatives included promoting low-carbon living among employees[178]. Risk Management - The Group effectively managed various risks including policy changing risk, new business investment and market competition risks, environmental compliance and safe production management risks, accounts receivable risk, engineering management risk, staffing risk, financing management risk, cost control risk, technology and innovation risks, and compliance risk, all of which are deemed effective[69]. - The risk level for new business investment and market competition risks is on an upward trend due to intensified competition in the environmental water industry and new policies issued by the PRC government[72]. - The Group faces increasing pressure in environmental compliance and safe production management due to the growing number of construction and operation projects[76]. Employee Development - The Group has implemented a "People-Oriented" philosophy and competency-based recruitment approach, focusing on integrity, knowledge, ability, and performance in employee evaluations[62]. - The average training hours per employee in FY2021 were 7.63 hours, reflecting the Group's commitment to talent development[160]. - The Group established a managerial and technical backup talent pool to recognize high-performing talents and offer them internal promotion opportunities[158]. - The Group emphasizes talent training and has organized comprehensive training programs to enhance employees' capabilities across various positions[63].
中国光大水务(01857) - 2021 - 年度财报