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雪浪环境(300385) - 2017 Q4 - 年度财报(更新)
CECMCECM(SZ:300385)2018-05-29 10:49

Financial Performance - The company's operating revenue for 2017 was ¥818,035,386.30, representing a 17.48% increase compared to ¥696,323,053.76 in 2016[21]. - The net profit attributable to shareholders decreased by 31.98% to ¥60,342,452.32 from ¥88,707,252.26 in the previous year[21]. - The net cash flow from operating activities improved significantly, reaching ¥40,158,143.59, a 319.63% increase from -¥18,284,287.69 in 2016[21]. - The total assets at the end of 2017 were ¥2,194,268,931.67, a 35.61% increase from ¥1,618,065,972.81 at the end of 2016[21]. - The basic earnings per share decreased by 32.45% to ¥0.4993 from ¥0.7392 in 2016[21]. - The weighted average return on equity fell to 7.38% from 12.05% in the previous year, a decrease of 4.67%[21]. - The company achieved a non-recurring net profit of ¥59,093,297.11, which is a slight increase of 0.68% compared to the previous year[48]. - The company's total revenue for 2017 reached ¥818,035,386.30, representing a year-on-year increase of 17.48%[57]. - Revenue from waste incineration power generation accounted for 72.91% of total revenue, increasing by 23.89% from the previous year[57]. - The company reported a net profit of ¥60,342,452.32 for the year 2017, with a profit distribution proposal of ¥0.70 per 10 shares, totaling ¥9,109,459.10 to be distributed to shareholders[113]. Investment and Growth Strategies - The company signed new contracts worth approximately 1.3 billion RMB, an increase of about 50% compared to the same period last year[8]. - The company is actively pursuing mergers and acquisitions, having increased its stake in Jiangsu Huifeng and Shanghai Changying, while expanding hazardous waste disposal operations in the Yangtze River Delta region[10]. - The company is focusing on improving project budgeting and procurement management to mitigate cost risks[5]. - The company is committed to strengthening technology research and development to reduce material and manufacturing costs[5]. - The company has increased its R&D investment, resulting in the acquisition of 3 new invention patents and 4 utility model patents during the reporting period, bringing the total to 44 invention patents and 56 utility model patents[49]. - The company plans to strengthen its core competitiveness in waste incineration and flue gas purification to maintain its leading position in the industry[101]. - The company aims to capture market share in hazardous waste disposal, leveraging favorable market conditions[104]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[127]. - A strategic acquisition of a local competitor was announced, valued at 200 million RMB, aimed at consolidating market position[128]. Risk Management and Challenges - The company is facing risks from rising raw material prices, particularly steel, which may increase costs[5]. - The company acknowledges the uncertainty in the development of its investment projects, particularly those in the early stages[10]. - The company recognizes the increasing competition in the environmental protection industry as a significant challenge[100]. - The company is committed to improving internal controls and risk management to enhance operational efficiency[102]. - The company is facing challenges from rising steel prices, which could increase raw material costs, impacting profitability[100]. Corporate Governance and Compliance - The company has committed to a stock price stabilization plan, which will be activated if the stock price falls below the audited net asset value per share for 20 consecutive trading days within three years post-IPO[116]. - The company emphasizes strict adherence to the stabilization plan by all involved parties, including controlling shareholders and directors[116]. - The company guarantees the accuracy and completeness of its IPO prospectus, ensuring no misleading statements are present[121]. - The company has established a mechanism for stock repurchase if any legal violations are confirmed by regulatory authorities[121]. - The company has pledged to adjust the repurchase price based on dividends and other equity adjustments during the repurchase period[121]. - The company has a structured approach to managing its business operations to prevent any competitive overlaps with its subsidiaries[120]. - The company emphasizes the protection of shareholders' rights, especially for small and medium investors, ensuring timely information disclosure[167]. Research and Development - The company has obtained 7 new patents and 5 software copyright registrations during the reporting period, enhancing its technological capabilities[43]. - Research and development investment reached CNY 26,387,480.19, representing 3.23% of operating revenue, with a total of 148 R&D personnel, accounting for 24.38% of the workforce[73]. - The company is investing 50 million RMB in R&D for sustainable technologies over the next three years[127]. - The company is committed to continuous technological innovation to improve service and product quality, thereby increasing customer satisfaction[169]. Environmental Responsibility - The company is committed to improving internal controls and risk management to enhance operational efficiency[102]. - The company focuses on customer satisfaction by integrating customer needs into sales, design, and production processes[169]. - The company is classified as a key pollutant discharge unit, with various pollutants monitored and reported, all meeting the required standards[172]. - The waste incineration facility has a daily processing capacity of 24 tons, with an expansion project designed for 60 tons approved by the Jiangsu Provincial Environmental Protection Department[176]. - The company has established a monitoring plan for pollutants, with no exceedances reported, ensuring stable operation of pollution control facilities[174]. Employee Engagement and Corporate Culture - The company emphasizes talent development and corporate culture, enhancing employee engagement and overall company strength[53]. - The company organizes various recreational activities to enhance employee engagement and loyalty[168]. - The company has improved its procurement process to provide fair competition channels for qualified suppliers, facilitating better communication and market understanding[170].