Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately RMB 1,686.99 million, a decrease of 10.34% compared to RMB 1,881.56 million in 2023[4] - The net profit attributable to equity shareholders for the fiscal year was approximately RMB 6.28 million, a significant decline of 97.62% from RMB 264.13 million in 2023[4] - The group's gross profit for the fiscal year was RMB 629.27 million, down from RMB 893.57 million in 2023[5] - The operating profit for the fiscal year was RMB 132.80 million, a decrease from RMB 453.08 million in 2023[5] - The total comprehensive income for the year was a loss of RMB 5.37 million, compared to a profit of RMB 304.01 million in 2023[7] - The basic earnings per share for the fiscal year was RMB 0.34, down from RMB 14.46 in 2023[5] - The group reported a revenue of RMB 1,686.99 million, a decrease of 10.34% compared to RMB 1,881.56 million in the same period last year[65] - The group experienced a significant decline in pre-tax profit, reporting RMB 10.03 million, down 97.15% from RMB 352.27 million year-on-year[65] - The net loss for the year was RMB 5.37 million, representing a decrease of 101.77% compared to a profit of RMB 304.01 million in the previous year[65] Dividends and Shareholder Returns - The board of directors proposed not to declare a final dividend for the fiscal year ending December 31, 2024[4] - The company declared a final dividend of HKD 0.03 per share, totaling approximately RMB 51,332,000, compared to no dividend in the previous year[44] Assets and Liabilities - Non-current assets increased to RMB 7,396.98 million from RMB 7,057.25 million in 2023[10] - Current assets decreased to RMB 1,476.36 million from RMB 1,514.60 million in 2023[11] - The total liabilities of the group were not specified but are critical for assessing the financial health moving forward[9] - Total assets increased to RMB 7,478,441 thousand from RMB 6,735,942 thousand, representing a growth of approximately 11.05%[12] - Current liabilities decreased from RMB 2,676,326 thousand to RMB 2,271,937 thousand, a reduction of about 15.1%[12] - Non-current liabilities increased from RMB 3,025,752 thousand to RMB 3,819,517 thousand, an increase of about 26.3%[15] - The net value of total equity decreased from RMB 3,710,190 thousand to RMB 3,658,924 thousand, a decline of approximately 1.4%[15] - The company's total assets at the end of the reporting period were RMB 9,750.38 million, an increase of RMB 338.11 million from the previous year[81] - The total liabilities to total assets ratio was 62.47%, an increase of 1.89 percentage points from the previous year[81] Revenue Breakdown - Revenue from solid waste disposal services was RMB 407,976 thousand, down from RMB 568,674 thousand, a decline of approximately 28.2%[23] - Revenue from hazardous waste disposal services totaled RMB 1,559,675 thousand, compared to RMB 1,788,837 thousand, reflecting a decrease of around 12.8%[23] - The industrial hazardous waste disposal service generated RMB 1,151.70 million, accounting for 68.27% of total revenue, a decrease from 64.85% in the previous year[66] - General hazardous waste revenue was RMB 958.23 million, representing 56.80% of total revenue, down 8.51% year-on-year[66] - The revenue from industrial solid waste disposal services decreased by 28.26% year-on-year to RMB 407.98 million, primarily due to delays in the implementation of pollution soil disposal orders[69] - Resource comprehensive utilization revenue increased by 37.31% year-on-year to RMB 127.32 million, mainly due to the operational input of alternative fuel projects in Wuhu and Chizhou[69] Operational Highlights - The company plans to expand its market presence and invest in new technologies to enhance service offerings[23] - The company is focusing on strategic acquisitions to bolster its operational capabilities and market share[23] - Future guidance indicates a cautious outlook due to market conditions, with an emphasis on cost management and efficiency improvements[23] - The company operates primarily in the industrial solid waste and hazardous waste solutions sector, with all external customer revenue generated from the People's Republic of China[26] - The company has successfully signed contracts for hazardous waste disposal projects, including a 50,000 tons/year project in Zhejiang Taizhou and a 300,000 tons/year project in Guangdong Qingxin[50][55] - During the reporting period, the company processed approximately 1,165,700 tons of industrial hazardous waste, representing a year-on-year increase of about 8.27%[53] - The company achieved a significant increase in alternative fuel production and sales, reaching approximately 302,400 tons, which is a year-on-year growth of about 198%[53] - The company has established 85 environmental protection projects across 21 provinces, with a total processing capacity of approximately 12,042,300 tons/year[48] - The company has ongoing projects in regions such as Chongqing Zhongxian with a capacity of 50,000 tons per year, expected to be completed by January 2025[58] Employee and Compensation - Employee costs totaled RMB 466,514 thousand, up from RMB 423,300 thousand in the previous year, reflecting increased salaries and benefits[31] - The total employee compensation, including director salaries, was approximately RMB 466.51 million, compared to RMB 423.30 million in 2023[107] - The number of employees decreased to 3,288 from 3,539 in 2023[107] Strategic Focus and Future Plans - The company aims to enhance its market presence through strategic expansions in the southwestern region, particularly in Chongqing and Guizhou[58] - The company plans to deepen integration with cement enterprises for production management, emphasizing process management and cost control to improve operational efficiency[114] - The company will increase R&D efforts in new pollution treatment technologies, accelerating the transformation of technological achievements in areas like sludge deodorization and low-temperature thermal treatment of fly ash[116] - The group aims to enhance its core competitiveness and accelerate transformation and development in line with national environmental policies[110] - The group will focus on strategic cooperation with leading environmental protection companies to promote high-quality development[110] Compliance and Governance - The company confirms compliance with corporate governance codes during the reporting period, except for the absence of the chairman at the annual general meeting due to other commitments[122] - The audit committee has reviewed the company's annual performance for the year ending December 31, 2024, and found no disagreement with the accounting treatment methods used[125] - The annual performance announcement and annual report will be published on the Hong Kong Stock Exchange and the company's website[127]
海螺环保(00587) - 2024 - 年度业绩