Financial Performance - The company achieved operating revenue of 290.55 million yuan, an increase of 10.24% year-on-year[5]. - The net profit attributable to shareholders was a loss of 69.34 million yuan, a reduction in loss of 42.13% year-on-year[5]. - The company's operating revenue for 2024 was ¥290,546,392.91, representing a 10.24% increase from ¥263,560,519.23 in 2023[24]. - The net profit attributable to shareholders for 2024 was -¥69,340,829.58, an improvement of 42.13% compared to -¥119,815,959.73 in 2023[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 was -¥72,175,568.87, a 44.98% improvement from -¥131,185,848.62 in 2023[24]. - The total assets at the end of 2024 were ¥1,258,171,935.34, a 0.81% increase from ¥1,248,036,857.23 at the end of 2023[24]. - The net assets attributable to shareholders decreased by 9.09% to ¥684,065,085.74 at the end of 2024 from ¥752,497,383.94 at the end of 2023[24]. - The cash flow from operating activities for 2024 was ¥17,647,463.61, a slight decrease of 2.75% from ¥18,145,642.67 in 2023[24]. - The company reported a basic and diluted earnings per share of -¥0.74 for 2024, improving by 41.73% from -¥1.27 in 2023[24]. Business Operations and Strategy - The company plans to enhance its R&D capabilities and strengthen business expansion efforts to improve performance[5]. - The company will continue to focus on solidifying its main business and improving comprehensive operational management[5]. - The company is committed to ensuring healthy and stable development moving forward[5]. - The company is actively promoting technological innovation to enhance operational efficiency and ensure stable operations[44]. - The company is a comprehensive environmental protection enterprise specializing in solid waste treatment and resource utilization, focusing on industrial hazardous waste, medical waste disposal, and electronic waste recycling[51]. - The company expects new development opportunities in the household appliance dismantling and automotive dismantling businesses due to government support for large-scale equipment updates and recycling initiatives, with a central government budget of 7.5 billion yuan allocated for electronic waste recycling in 2024[50]. - The company aims to enhance its recycling system and expand the "waste resource recycling" industry segment, focusing on the national "dual carbon" strategy[112]. - The company plans to build the "Super Smart Circular Economy Industrial Park," emphasizing advanced technology, environmental standards, and strong management[114]. - The company will increase its capacity in hazardous waste disposal, electronic waste processing, and automotive dismantling to boost revenue[115]. Market and Industry Trends - The hazardous waste disposal industry in China saw a compound annual growth rate (CAGR) of 12.57% in hazardous waste generation from 2014 to 2023, with 10,546.50 million tons generated in 2023[34]. - The hazardous waste disposal volume in China grew at a CAGR of 30.93% from 2014 to 2023, reaching 10,502.90 million tons in 2023[35]. - The number of hazardous waste treatment plants in China increased at a CAGR of 10.76% from 2014 to 2023[38]. - The hazardous waste generation in Anhui Province increased from 242,800 tons in 2011 to 2,673,000 tons in 2023, with a compound annual growth rate of 22.13%[42]. - The average disposal price of hazardous waste has been declining due to intensified market competition, leading to a "price war" in some regions[44]. - The hazardous waste disposal market is becoming increasingly competitive, characterized by a high degree of marketization[128]. Research and Development - The company holds 16 invention patents and is recognized as a national high-tech enterprise and a provincial-level "specialized, refined, and innovative" enterprise[44]. - The number of R&D personnel increased to 68 in 2024, up 19.30% from 57 in 2023[85]. - R&D expenditure amounted to ¥14,134,972.83 in 2024, representing 4.86% of operating revenue, a decrease from 7.15% in 2023[86]. - The company is developing a comprehensive utilization technology for waste lithium iron phosphate batteries, which is currently in the demonstration phase and aims to enhance efficiency and promote sustainable development[83]. - The company has successfully developed a technology for the high-value recovery of indium from discarded LCD screens, promoting resource recycling[84]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[186]. - The company has established pollution prevention facilities that are operating normally and effectively reducing emissions[187]. - The company’s emissions monitoring plan complies with national regulations and standards[187]. - The company incurred an environmental protection tax of ¥50,782.82 in 2024[189]. - The company has made significant investments in environmental protection, including fixed assets for waste gas treatment and consumables like sulfuric acid and activated carbon[189]. Governance and Management - The company has established a comprehensive governance structure to protect the rights of shareholders, ensuring transparency and effective operation of the board and committees[190]. - The company emphasizes employee rights, providing various benefits and ensuring compliance with labor laws, including social insurance contributions[191]. - The company has a supplier evaluation system to ensure quality control in procurement and maintains long-term relationships with customers through responsive service[191]. - The company has a complete and independent procurement, production, sales, and R&D system, allowing it to operate independently in the market[142]. - The company has established a standardized personnel and salary management system, with all employees under signed labor contracts[141]. Shareholder and Financial Policies - The company will not distribute cash dividends, issue bonus shares, or increase capital reserves to share capital for the fiscal year 2023 due to a negative net profit of -69,340,829.58 CNY[172]. - The total amount of cash dividends distributed for the fiscal year 2023 is 0.00 CNY, which represents 0.00% of the total profit distribution[173]. - The independent directors unanimously agreed that the decision not to distribute profits is in the long-term interest of all shareholders and complies with relevant laws and regulations[174]. - The company has committed to not transferring or entrusting the management of its shares for 12 months following the listing of its stock on the exchange[199].
超越科技(301049) - 2024 Q4 - 年度财报