ECEC(002140)2025-03-30 07:35Financial Performance - The company's operating revenue for 2024 reached ¥8,862,222,844.58, representing a 17.25% increase compared to ¥7,558,215,928.20 in 2023[18]. - The net profit attributable to shareholders for 2024 was ¥410,250,060.43, up 19.28% from ¥343,926,312.91 in 2023[18]. - The net profit after deducting non-recurring gains and losses was ¥379,840,443.47, a 29.03% increase from ¥294,372,264.01 in 2023[18]. - The net cash flow from operating activities for 2024 was ¥592,746,416.04, reflecting a 15.77% increase from ¥512,022,656.77 in 2023[18]. - The total assets at the end of 2024 amounted to ¥16,100,437,077.4, a 12.30% increase from ¥14,336,573,892.3 at the end of 2023[18]. - The company's weighted average return on equity for 2024 was 9.81%, up from 8.94% in 2023[18]. - The total revenue for the company reached 8.862 billion yuan, with a year-on-year increase of 17.25%[83]. - The chemical industry contributed ¥7,591,167,381.84, accounting for 85.65% of total revenue, with a year-on-year growth of 13.46%[100]. - The environmental governance infrastructure sector saw a significant increase in revenue, totaling ¥1,100,375,259.50, which is a 63.05% increase compared to the previous year[100]. Strategic Goals and Future Outlook - The company aims to establish a batch of research and development results that support the group-level industrial base by 2025, with initial effectiveness of the "T+EPC" model[10]. - By 2027, the company expects to form a number of domestically leading industrial chains and further mature the "T+EPC" model[10]. - The company anticipates significant changes by 2029, achieving a substantial increase in key economic indicators compared to 2024[10]. - The company aims to enhance its international competitiveness by integrating technology, engineering contracting, and investment operations[26]. - The company plans to sign new contracts worth 22.285 billion yuan and achieve revenue of 10 billion yuan with a total profit of 570 million yuan by 2025[172]. - The company is focusing on three key areas: new materials, new energy, and new environmental protection, aiming for green and high-quality development[165]. - The company is committed to integrating environmental protection into its development strategy, with a focus on sustainable practices and compliance[93]. Research and Development - The company has been granted 35 patents, including 22 invention patents, and has received several awards for technological progress, enhancing its capacity for high-quality development[35]. - The company has invested in 13 environmental operation projects, achieving stable operational income and expanding its operational scale[36]. - The company is enhancing its R&D capabilities by establishing various industry incubation platforms for biodegradable materials and graphene, among others[174]. - Research and development expenses increased by 17.89% to 311,970,086.79 CNY in 2024, accounting for 3.52% of total revenue[125]. - The number of R&D personnel rose to 280, a 5.26% increase from 2023, with 164 holding master's degrees[124]. Market Expansion and Contracts - The company signed new contracts totaling 22.285 billion yuan in 2024, with domestic orders at 13.530 billion yuan and overseas orders at 8.755 billion yuan[34]. - The company has a backlog of signed but uncompleted contracts amounting to 49.815 billion yuan, ensuring a solid foundation for sustainable development[34]. - The company achieved a completion rate of over 70% for its reform initiatives aimed at enhancing corporate quality and value creation[33]. - The company is actively expanding its overseas business and has signed contracts related to new projects, including in the green hydrogen market[194]. Risk Management and Governance - The company emphasizes the importance of risk awareness regarding operational, technical, project, and investment risks in its future outlook[4]. - The company has implemented a comprehensive risk prevention system, including the release of a risk assessment database for overseas projects[96]. - The company is focusing on risk management by strengthening contract management and compliance systems to mitigate legal risks[178]. - The company is committed to improving its risk control systems and corporate governance structures[195]. Environmental and Sustainability Initiatives - The company is focusing on innovation and green transformation in the chemical industry, promoting biodegradable plastics and recycling of waste materials[157]. - The company is committed to achieving its annual production and operational goals through structural adjustments and transformation upgrades[183]. - The company is actively pursuing partnerships with large enterprises like Baowu Group and Tongkun Group to expand into green energy and lithium extraction markets[89]. - The company is addressing macroeconomic and industrial policy risks by aligning its strategies with national policies and focusing on high-potential markets[181]. Human Resources and Talent Development - The company introduced 57 market-oriented talents and 7 high-level international talents to strengthen its human resources[74]. - The company emphasizes talent development and retention, implementing a long-term incentive mechanism and various reward policies to attract and retain skilled professionals[189]. - The company is focusing on cultivating a high-quality workforce by optimizing training programs and establishing a talent development blueprint[177]. Operational Efficiency and Management - The company is committed to enhancing its governance capabilities and achieving significant improvements in its economic indicators[10]. - The company is enhancing its financial management system, focusing on key indicators such as revenue conversion and project receivables[95]. - The company is focusing on optimizing its domestic market layout with a new marketing structure of "5+1+2" to enhance collaboration between technology and marketing[172]. - The company is enhancing project management efficiency through digital control capabilities and improving procurement strategies to mitigate cost fluctuations[188]. Awards and Recognition - In 2024, the company received over 40 awards for engineering and technology, including the First Prize for Scientific Progress from the China Petroleum and Chemical Industry Federation[51]. - The company has been recognized as a "National Technology Innovation Demonstration Enterprise" and a "National Intellectual Property Demonstration Enterprise," reflecting its commitment to innovation and quality[50].