QJSL(SH:600283)2025-04-16 11:35Financial Performance - The company's operating revenue for 2024 reached CNY 2,322,028,069.74, representing a 4.49% increase compared to CNY 2,222,195,215.35 in 2023[20] - The net profit attributable to shareholders for 2024 was CNY 215,243,068.51, up 4.71% from CNY 205,561,836.10 in 2023[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 179,057,638.20, a significant increase of 42.14% from CNY 125,972,736.21 in 2023[20] - The net cash flow from operating activities for 2024 was CNY 583,450,090.59, reflecting a 46.50% increase from CNY 398,263,281.11 in 2023[20] - The total assets of the company as of the end of 2024 were CNY 10,310,454,146.74, a 34.70% increase from CNY 7,654,619,297.98 at the end of 2023[20] - The net assets attributable to shareholders increased by 30.12% to CNY 3,062,157,342.88 at the end of 2024, compared to CNY 2,353,343,390.60 at the end of 2023[20] - The basic earnings per share for 2024 decreased by 25.86% to CNY 0.43 from CNY 0.58 in 2023[21] - The weighted average return on net assets for 2024 was 8.87%, a slight decrease of 0.16 percentage points from 9.03% in 2023[21] Operational Highlights - The total water supply volume reached 44.01 million tons, a year-on-year increase of 4.26%, while the sewage treatment volume increased by 55.17% to 23.62 million tons[28] - The company successfully expanded its operations to cover all 11 cities in Zhejiang Province, achieving 100% coverage[29] - The company has established a total operational scale of 67.7 million tons/day, enhancing its sustainable development prospects[29] - In the rural drinking water sector, the company launched 8 new operational projects, with a total scale of approximately 29.31 million tons/day[29] - The company achieved a government subsidy of RMB 66.77 million, which is closely related to its normal business operations[25] Research and Development - Research and development expenses amounted to 43.02 million yuan, showing a significant year-on-year increase of 300.51%[31] - The company has filed for 10 invention patents, 23 utility model patents, and 10 software copyrights throughout the year[31] - The company conducted 52 research projects in 2024, resulting in 4 group standards and 5 technical papers, further solidifying its industry position[56] - The company is actively involved in the digital transformation of the water industry, supported by national policies and guidelines[49] Market Expansion and Strategy - The company is actively expanding its market presence in Guangdong and Fujian provinces, marking significant steps in its national layout strategy[29] - The company is focusing on comprehensive water management, moving beyond traditional sewage treatment to include source control and ecological restoration[47] - The company is likely to pursue new strategies for market expansion and technological advancements in the coming years[126] - The company plans to expand its water supply capacity with new projects expected to be operational between 2025 and 2026[82] Environmental and Regulatory Compliance - The company has established a comprehensive internal control management system in compliance with regulatory requirements[160] - The internal control audit report issued by the accounting firm was a standard unqualified opinion[162] - The average concentration of COD emissions from the Lishui Water Supply and Drainage Company was 22.87 mg/L, well below the limit of 40 mg/L[164] - The total COD emissions from the Lishui Water Supply and Drainage Company amounted to 405.29 tons per year, with a permitted total of 1460 tons per year[164] Corporate Governance - The company has held five shareholder meetings in 2024, ensuring compliance with governance regulations[119] - The company held 11 board meetings during the reporting period, with all directors actively participating and fulfilling their duties[120] - The company strictly adheres to legal requirements for information disclosure, ensuring transparency and fairness in its communications[121] - The company has established a remuneration assessment system for its directors and senior management[133] Future Outlook - The company provided a revenue guidance of 1.2 billion for the fiscal year 2024, indicating a projected growth of 20%[124] - The company plans to issue A-shares to specific targets, with a detailed proposal approved during the first extraordinary general meeting of 2024[122] - The company is expected to leverage its leadership's experience to drive future growth and innovation in the energy sector[126] - The company aims to enhance customer service through digital transformation initiatives, with an investment of 50 million yuan planned for the next year[129]