Dongjiang Env(SZ:002672)2025-03-28 14:50Financial Performance - The company's operating revenue for 2024 was ¥3,486,660,703.09, a decrease of 13.32% compared to ¥4,022,468,104.97 in 2023[21]. - The net profit attributable to shareholders for 2024 was -¥804,185,867.23, representing a decline of 7.16% from -¥750,470,568.53 in 2023[21]. - The net cash flow from operating activities significantly increased to ¥125,419,243.55, a rise of 12,084.36% compared to ¥1,029,346.14 in 2023[21]. - Total assets at the end of 2024 were ¥11,278,479,415.46, down 7.26% from ¥12,161,497,644.55 at the end of 2023[21]. - The net assets attributable to shareholders decreased by 19.94% to ¥3,599,850,228.42 from ¥4,496,423,310.37 in 2023[21]. - The company reported a basic earnings per share of -¥0.73 for 2024, slightly improved by 1.35% from -¥0.74 in 2023[21]. - The company reported an operating loss of 841 million yuan, a year-on-year reduction in loss of approximately 46.27 million yuan, and a total profit loss of 880 million yuan, a year-on-year reduction in loss of about 7.17 million yuan[41]. Cash Flow and Investment - The net cash flow from operating activities increased by 12,084.36% year-on-year, primarily due to increased revenue from industrial waste resource utilization and electronic waste dismantling subsidies[61]. - The net cash flow from investment activities improved by 74.80% year-on-year, attributed to reduced project construction investments and the redemption of structured deposits[62]. - The net cash flow from financing activities decreased by 120.11% year-on-year, mainly due to funds raised from a non-public offering of common stock in the previous reporting period[62]. - Total cash inflow from operating activities reached ¥5,406,390,585.27, a 13.63% increase compared to ¥4,758,045,259.98 in the previous year[61]. - The total investment amount for the reporting period was ¥2,336,512,468.68, representing a 44.51% increase from ¥1,616,901,557.64 in the previous year[69]. Revenue Breakdown - The industrial waste resource utilization segment generated CNY 1,301,252,837.78, accounting for 37.32% of total revenue, with a year-on-year increase of 15.24%[47]. - Precious metal recovery segment revenue fell to CNY 858,015,108.43, representing a 42.85% decrease from CNY 1,501,434,130.80 in 2023[47]. - Revenue from municipal waste treatment decreased by 32.05% to CNY 106,092,899.41, down from CNY 156,129,822.62 in the previous year[47]. - The total revenue from industrial waste resource utilization reached ¥1,218,830,152.32, representing a 37.03% increase compared to ¥1,094,836,883.04 in the previous year, which was a 28.45% increase[52]. - The total revenue from precious metal recycling decreased significantly by 43.34% to ¥831,356,106.52 from ¥1,467,153,265.00, which was a 38.12% increase in the previous year[52]. Research and Development - The company has established 21 research and development platforms and has been granted a total of 632 patents, including 6 invention patents[44]. - R&D investment decreased by 33.50% to ¥116,581,589.69 in 2024 from ¥175,305,405.84 in 2023[60]. - R&D investment as a percentage of operating revenue fell to 3.34% in 2024 from 4.36% in 2023, a decline of 1.02%[60]. - The number of R&D personnel decreased by 5.21% to 473 in 2024 from 499 in 2023[60]. - The number of master's degree holders among R&D personnel increased by 44.44% to 26 in 2024 from 18 in 2023[60]. Environmental Compliance - The company strictly adheres to multiple environmental protection laws and standards, ensuring compliance in daily operations[145]. - All subsidiaries of the company have timely and fully paid environmental taxes for the year 2024, with no outstanding debts[146]. - The company is classified as a key pollutant discharge unit, with specific pollutant discharge standards being met[147]. - The company has established a comprehensive environmental management system, ensuring compliance with various national and industry standards[145]. - The company has implemented organized emissions control for SO2 and NOx, with SO2 emissions recorded at 0.66657 tons and NOx at 3.05417 tons[147]. Governance and Management - The company held three shareholder meetings during the reporting period, ensuring compliance with legal requirements and promoting equal participation among all shareholders[91]. - The board of directors consists of nine members, including three independent directors, and held twelve meetings, adhering to governance regulations and ensuring effective decision-making[94]. - The supervisory board conducted eleven meetings, effectively supervising major operational and financial matters, safeguarding the rights of all shareholders[95]. - The company has established a market value management system and disclosed plans for valuation enhancement, indicating a proactive approach to improving shareholder value[89]. - The company maintains independence from its controlling shareholder, Guangdong Guangsheng Holding Group, ensuring no interference in operational decisions[92]. Strategic Initiatives - The company is actively participating in the circular economy as a response to national policies promoting green and low-carbon development[31]. - The company is positioned to leverage new policies aimed at promoting green transformation and circular economy initiatives in the coming years[31]. - The company aims to optimize existing operations and enhance resource utilization efficiency while phasing out outdated capacity[46]. - The company is focusing on high-end and differentiated development of resource products, with new products like fireworks-grade copper oxide and anhydrous copper chloride achieving mass production[43]. - The company plans to enhance its governance structure and improve operational efficiency through reforms and strategic planning[83]. Shareholder Returns - The company reported a plan not to distribute cash dividends or issue bonus shares for the fiscal year 2024[4]. - The company has established a shareholder return plan for the next three years (2024-2026), focusing on transparent profit distribution policies[136]. - No cash dividends or stock bonuses were proposed for the reporting period, with a total distributable profit of 0.00 yuan[138]. - The company plans to prioritize cash dividends as the main form of profit distribution, with a commitment to propose cash dividends after each annual general meeting, based on profitability and funding needs[193]. Safety and Emergency Management - The company has not experienced any major safety incidents or significant environmental pollution events in 2024[177]. - The company conducted 369 emergency drills related to safety and environmental protection throughout the year to improve emergency management capabilities[178]. - In 2024, the company completed 634 emergency tasks for government departments, deploying 3,095 emergency personnel and handling 21,823.86 tons of hazardous waste[179]. - The company achieved certification for its quality, environment, and occupational health safety management systems, covering major operations including hazardous waste collection, transportation, and disposal[179].