Financial Performance - The company's operating revenue for 2024 was RMB 4,827,453,005.80, representing a 3.48% increase compared to RMB 4,665,082,961.28 in 2023[8]. - Net profit attributable to shareholders for 2024 was RMB 807,210,626.05, a decrease of 6.70% from RMB 865,207,128.31 in 2023[8]. - Basic earnings per share for 2024 were RMB 0.51, down 7.27% from RMB 0.55 in 2023[10]. - Total profit amounted to RMB 104,706,000, a decrease of 5.35% year-on-year[36]. - The company reported a significant reduction in sales expenses by 12.19% due to decreased hazardous waste disposal business volume[38]. - Financial expenses surged by 61.85% to RMB 344,980,035.03, primarily due to reduced interest income from long-term receivables[39]. - The company achieved operating revenue of RMB 482,745,000, an increase of 3.48% compared to the previous year[36]. - The net profit for the year amounted to RMB 903,442,000.00, reflecting a decrease compared to the previous year's profit of RMB 865,207,128.31[115]. Cash Flow and Assets - The net cash flow from operating activities increased by 39.31% to RMB 1,382,016,720.96 in 2024, compared to RMB 992,016,405.44 in 2023[8]. - The total assets at the end of 2024 were RMB 25,154,981,695.71, up 2.84% from RMB 24,460,654,468.88 at the end of 2023[8]. - Total current assets increased to RMB 6,856,660,856.38 in 2024 from RMB 6,235,653,563.61 in 2023, reflecting a growth of approximately 9.94%[91]. - Long-term receivables rose to RMB 5,128,874,522.65 in 2024, up from RMB 4,828,821,024.70 in 2023, indicating an increase of about 6.31%[91]. - The company's total equity attributable to shareholders rose to RMB 9,668,867,730.10 in 2024, compared to RMB 9,122,173,579.47 in 2023, reflecting an increase of approximately 6.01%[94]. Operational Efficiency and Strategy - The company aims to enhance resource allocation efficiency by implementing core cost management and collective procurement strategies[16]. - The company is focusing on the photovoltaic power generation industry, industrial wastewater, and energy storage sectors for future growth opportunities[15]. - The company completed the first phase of its digital transformation, enhancing system efficiency and real-time monitoring of core business operations[19]. - The company is focusing on risk prevention by monitoring loss risks and accelerating the clearance of non-performing assets[24]. - The company is actively expanding its renewable energy projects, adding a service area of 104,800 square meters in a national clean energy project[18]. - The company is focused on enhancing operational efficiency and digital transformation in its water and energy businesses[34]. Research and Development - Research and development expenses rose to RMB 65,289,666.95, marking a 23.04% increase[37]. - R&D investment will be no less than 1.25% of annual operating income, focusing on new technologies in wastewater treatment, sludge treatment, and renewable energy[79]. - The company employed 361 R&D personnel, making up 15.55% of the total workforce[58]. Market and Business Expansion - The company has connected 110 recycled water pipeline points to expand the usage range and user base of recycled water[16]. - The company successfully won four projects in water treatment, adding a sewage treatment capacity of 155,000 tons per day[18]. - The company is exploring the integration of digitalization and green initiatives to reshape operational advantages in the water services sector[77]. - The company aims to become a leading professional service provider in the water treatment and resource utilization sector by the end of the 14th Five-Year Plan[77]. Risk Management - The company emphasizes strengthening risk management and compliance to mitigate various operational risks[87]. - The company has established a comprehensive risk management framework to identify, analyze, and respond to potential risks in its operations[87]. - The company faces risks related to government credit, as wastewater treatment service fees are primarily sourced from government accounts, making them vulnerable to fiscal conditions[80]. Dividends and Shareholder Returns - The net profit attributable to the company for 2024 is RMB 807,210,626.05, with a proposed cash dividend of RMB 1.70 per 10 shares, totaling RMB 266,971,074.45, which accounts for 33.07% of the net profit[89]. - The proposed final dividend for 2024 is RMB 0.170 per share, up from RMB 0.166 per share in 2023, with a total proposed dividend amounting to RMB 266,971,074.45[119]. Compliance and Governance - The audit committee has been renamed to the Audit and Risk Control Committee, expanding its responsibilities to include major risk response strategies[132]. - The company's financial statements for the year ending December 31, 2024, have been reviewed and are consistent with the audited consolidated financial reports[134].
天津创业环保股份(01065) - 2024 - 年度业绩