Financial Performance - Revenue for the year ended December 31, 2024, was approximately RMB 1,594.2 million, a decrease of 11.8% compared to 2023[2] - Net profit attributable to equity holders for the year was approximately RMB 263.2 million, a decrease of 16.8% from 2023[2] - Operating profit for the year was RMB 524.9 million, down from RMB 615.6 million in 2023[3] - The company reported a gross profit of RMB 713.7 million, compared to RMB 798.2 million in the previous year[3] - Basic and diluted earnings per share were RMB 0.26, down from RMB 0.31 in 2023[4] - The total comprehensive income for the year was RMB 265.0 million, a decrease from RMB 318.6 million in 2023[4] - Revenue decreased from RMB 1,807.5 million for the year ended December 31, 2023, to RMB 1,594.2 million for the year ended December 31, 2024, a decline of RMB 213.3 million or 11.8%[90] - Gross profit fell from RMB 798.2 million to RMB 713.7 million, a decrease of RMB 84.5 million or 10.6%[92] - The wastewater treatment segment's revenue decreased from RMB 1,233.1 million to RMB 1,151.8 million, a decline of RMB 81.3 million or 6.6%[94] - The water supply segment's revenue increased from RMB 129.4 million to RMB 174.4 million, an increase of RMB 45.0 million or 34.8%[94] Assets and Liabilities - Total assets increased by 2.7% to RMB 12,384.0 million compared to RMB 12,063.9 million as of December 31, 2023[2] - Total equity rose by 5.3% to RMB 5,242.3 million from RMB 4,977.3 million as of December 31, 2023[2] - The company’s non-current assets totaled RMB 6,367.5 million, down from RMB 7,152.4 million in 2023[6] - As of December 31, 2024, total assets amounted to RMB 12,383,952 thousand, with wastewater treatment assets at RMB 9,607,259 thousand, and total liabilities at RMB 7,141,659 thousand[40][41]. - Total borrowings amounted to RMB 4,589.2 million, a decrease of 13.0% from RMB 5,272.1 million in 2023[86] - The company's net asset liability ratio was 46.5% as of December 31, 2024[86] - Total payables increased to RMB 1,984,442 thousand in 2024 from RMB 1,380,081 thousand in 2023, representing an increase of approximately 43.7%[59] Cash Flow - Net cash generated from operating activities for the year ended December 31, 2024, was RMB 293.8 million, an increase of RMB 72.9 million compared to RMB 220.9 million for the year ended December 31, 2023[114] - Net cash used in investing activities for the year ended December 31, 2024, was RMB 75.7 million, a decrease of RMB 228.2 million compared to the previous year[116] - Net cash used in financing activities increased from RMB 480.6 million for the year ended December 31, 2023, to RMB 532.8 million for the year ended December 31, 2024[117] Operational Highlights - The wastewater treatment volume for the year was 669.3 million cubic meters, with a facility utilization rate of 98.1%[2] - The total sewage treatment volume reached approximately 669.3 million cubic meters, with an average facility utilization rate of about 98.1% as of December 31, 2024[77] - The company operates 34 sewage treatment plants with a total daily sewage treatment capacity of 1.9 million cubic meters[79] - The total supply of reclaimed water was 96.1 million cubic meters during the reporting period[81] - The company has four operational water supply plants in China, with a total water supply of 774.5 million cubic meters during the reporting period[82] Investments and Acquisitions - The company agreed to sell 80% equity interests in three target companies for a total consideration of approximately RMB 242.76 million, retaining only 20% equity in each[169] - The company completed the transfer of 40% equity in a joint venture for RMB 467,000, with no remaining ownership post-transaction[172] - The company provided a loan of RMB 310 million to Kunming Urban Construction Investment Development Co., with an interest rate of 8.5%, maturing on June 8, 2023, which was extended to RMB 180 million until June 7, 2026[174] Governance and Compliance - The audit committee has reviewed the financial statements for the year ending December 31, 2024, prepared in accordance with International Financial Reporting Standards[193] - The company has adopted corporate governance practices in compliance with the listing rules and has established a series of governance systems[188] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[192] Future Outlook - The company plans to strengthen its core business and enhance core competitiveness while optimizing development strategies and improving management efficiency[76] - The company aims to explore new technologies and methods to optimize service processes and improve service quality for high-quality development[76] - The company anticipates capital expenditures of RMB 66.8 million for the year ending December 31, 2025[157]
滇池水务(03768) - 2024 - 年度业绩