新安洁(831370) - 2021 Q4 - 年度财报

Company Overview - The company operates in the environmental sanitation industry, focusing on urban and community waste cleaning and disposal services [22]. - The company was established on July 15, 2011, and listed on November 15, 2021 [22]. - The major shareholder is Xuanjie Holdings Co., Ltd., with the actual controller being Wei Yantian [23]. - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm [9]. - The company completed the adjustment of its management structure, establishing a three-tiered flat management model with 1 headquarters and 33 project companies [48]. Financial Performance - The company's operating revenue for 2021 was ¥611,181,918.09, a decrease of 13.02% compared to ¥702,707,597.76 in 2020 [29]. - The net profit attributable to shareholders was ¥41,284,485.07, down 55.71% from ¥93,215,009.32 in the previous year [29]. - The gross profit margin decreased to 21.64% in 2021 from 25.53% in 2020 [29]. - Total assets at the end of 2021 were ¥999,047,938.61, a slight decrease of 0.95% from ¥1,008,604,406.82 at the beginning of the year [31]. - The company's cash flow from operating activities was ¥18,149,324.13, a significant decline of 63.85% compared to ¥50,198,747.88 in 2020 [33]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 4.99% in 2021, down from 15.95% in 2020 [29]. - The basic earnings per share (EPS) dropped to 0.13 from 0.34 in 2020, representing a decline of 61.76% [29]. - The company reported a net loss from non-recurring items of ¥741,203.09 in 2021, compared to a gain of ¥1,114,340.25 in 2020 [42]. Business Operations - The company’s main services include waste classification, transportation, and urban landscaping management [22]. - The company is actively integrating businesses through investments and acquisitions to enhance competitiveness [49]. - The company aims to build a "smart living environment investment and operation" platform to adapt to industry development needs [55]. - The company has developed and installed over 600 units of the VP100 vehicle-mounted locator across 75 project departments nationwide, enhancing the "Xunji Smart Sanitation" solution [99]. - The company has successfully implemented the Xunji Collection Operation System in various regions, validating its practicality and reliability in different project characteristics [101]. Market and Industry Trends - The industry is experiencing rapid growth, with a focus on technological advancements to drive progress and meet market demands [55]. - The company is adapting to industry trends, with a focus on comprehensive environmental management projects as urban governance needs evolve [133]. - The company is preparing for a shift towards mandatory waste classification, which will enhance resource recovery and waste management efficiency [133]. Risks and Challenges - The company faces risks related to market competition, labor shortages, and operational management [11]. - The company is subject to fiscal policy risks that could impact its municipal sanitation business [11]. - The company has implemented safety measures for employees, including insurance and training, to address production safety risks [12]. - There is a risk of market competition and project revenue fluctuations due to increasing government purchases of public service projects [141]. - The company faces potential risks from tightening fiscal policies that could impact its municipal sanitation business [149]. Research and Development - The company invested ¥6,059,506.75 in R&D, accounting for 0.99% of operating income, compared to 0.89% in the previous period [93]. - The total number of patents held by the company increased to 63, including 9 invention patents, up from 59 and 8 respectively in the previous period [96]. - The company has completed the research on rural waste reduction and disposal processes, leading to a new approach in waste management and the filing of one invention patent [104]. - The company is focusing on the development of an electric multi-directional duckbill technology aimed at water conservation and cost reduction, with ongoing data collection and testing [106]. Shareholder Information - The total number of ordinary shares is 306,280,000 [23]. - The largest shareholder, Xuanjie Holdings, holds 147,422,200 shares, representing 48.13% of total shares outstanding [197]. - The total shares held by the top ten shareholders amount to 199,268,182, which is 65.15% of the total shares [198]. - Wei Wenyun holds 7,362,800 shares, representing 2.40% of total shares [197]. Corporate Governance and Compliance - The company has committed to fulfilling obligations related to social insurance and housing fund contributions for employees [186]. - The company has acknowledged the potential impact of asset restrictions on its operations, with no significant adverse effects anticipated [190]. - The company has no outstanding major litigation or arbitration cases during the reporting period [160]. - The company has implemented measures to address labor shortages by attracting various workforce demographics and utilizing temporary labor [144].