CEEP(SZ:300172)2025-03-31 12:30Financial Performance - The company's operating revenue for 2024 was CNY 837,301,141.26, a decrease of 16.77% compared to CNY 1,005,987,287.36 in 2023[18]. - The net profit attributable to shareholders for 2024 was CNY 74,158,439.95, down 13.58% from CNY 85,815,673.43 in 2023[18]. - The company's basic earnings per share for 2024 was CNY 0.11, a decline of 15.38% from CNY 0.13 in 2023[18]. - The weighted average return on net assets for 2024 was 4.00%, down from 4.77% in 2023[18]. - The net profit after deducting non-recurring gains and losses for 2024 was CNY 44,067,186.83, a decrease of 16.23% from CNY 52,605,969.20 in 2023[18]. - The company reported a net loss of CNY 10,367,038.43 in the fourth quarter of 2024, contrasting with profits in the first three quarters[20]. - The company achieved operating revenue of 837.30 million yuan, a decrease of 16.77% compared to the same period last year[72]. - The net profit attributable to shareholders was 74.16 million yuan, down 13.58% year-on-year[72]. - The company reported a total revenue of ¥837,301,141.26 for 2024, a decrease of 16.77% compared to ¥1,005,987,287.36 in 2023[82]. - The company secured new contracts worth ¥768 million during the reporting period, with water treatment contracts totaling ¥673 million, solid waste treatment at ¥2 million, and flue gas governance at ¥93 million[76]. Cash Flow and Investment - The net cash flow from operating activities increased significantly by 181.48% to CNY 242,674,666.95, compared to CNY 86,215,108.33 in 2023[18]. - The total cash inflow from investment activities in 2024 was CNY 2,343,438,573.96, representing a 118.94% increase from CNY 1,070,332,315.84 in 2023[100]. - The net cash flow from investment activities for 2024 was CNY -161,927,087.77, a decrease of 292.41% compared to CNY 84,157,817.72 in 2023, mainly due to increased purchases of bank wealth management products[101]. - The net cash flow from operating activities for 2024 was CNY 242,674,666.95, an increase of 181.48% compared to CNY 86,215,108.33 in 2023, primarily due to a reduction in payments to suppliers[99]. - The cash outflow from financing activities in 2024 was CNY 191,996,098.42, a decrease of 5.76% compared to CNY 203,726,239.66 in 2023[100]. Assets and Liabilities - The total assets at the end of 2024 were CNY 2,715,870,993.97, a decrease of 6.09% from CNY 2,892,024,073.44 at the end of 2023[18]. - The company's net assets attributable to shareholders increased by 2.90% to CNY 1,883,181,192.79 at the end of 2024[18]. - Cash and cash equivalents decreased by 4.81% to ¥117,097,870.01, primarily due to increased investment in financial products[106]. - Accounts receivable increased by 4.07% to ¥814,790,137.29, representing 30.00% of total assets[106]. - Short-term borrowings decreased significantly by 1.96% to ¥4,003,493.23, mainly due to repayment of short-term loans[106]. - Long-term borrowings decreased by 2.45% to ¥75,000,000.00, attributed to repayment of long-term loans[106]. Research and Development - The company's R&D expenditure for 2024 was CNY 40,709,952.22, accounting for 4.86% of operating revenue, up from 3.89% in 2023[97]. - The number of R&D personnel in 2024 was 97, representing 17.67% of the total workforce, an increase of 0.86 percentage points from 16.81% in 2023[97]. - The company has invested in R&D, focusing on core technologies such as high-salt wastewater zero discharge and advanced sludge treatment techniques[66]. - The innovation platform has incubated over 50 enterprises and accumulated more than 500 patents and proprietary technologies, contributing to economic and social benefits[57]. - The company is developing lithium extraction technology from salt lakes, targeting economic feasibility and market demand for lithium resources[93]. Market and Industry Trends - The company reported a significant increase in the demand for small-scale, decentralized, and ecological wastewater treatment technologies, driven by the "14th Five-Year Plan" initiatives[28]. - The solid waste treatment industry is expected to see a rise in investment in sludge treatment and resource recovery facilities, with a focus on achieving a 60% resource utilization rate for urban household waste by 2025[29]. - The smoke governance industry is transitioning from traditional power generation to non-electric sectors, with a focus on emissions reduction and compliance with new environmental standards[30]. - The overall market for ecological environment governance is expected to grow as policies promote green transformation and sustainable development practices[27]. - The company is positioned to benefit from the increasing market demand for carbon reduction technologies and smart management solutions in the environmental protection sector[27]. Corporate Governance and Compliance - The company has established a fair and transparent performance evaluation and incentive mechanism, combining qualitative and quantitative assessments[149]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[148]. - The company has a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and executive management, ensuring operational independence[153]. - The company has maintained a high level of information disclosure, ensuring timely and complete communication with shareholders through multiple channels[150]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finances[152]. Environmental and Social Responsibility - The company emphasizes social responsibility, aiming to contribute to a cleaner environment while creating value for shareholders[198]. - The company actively engages in community support activities, including educational and charitable initiatives[199]. - The company has established an emergency response plan for environmental incidents, which has been filed with a registration number of 320982-2021-282-L[197]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[198]. - The company is classified as a key pollutant discharge unit by the environmental protection department[196].