FEIDA ENVIRO(SH:600526)2025-04-21 11:00Financial Performance - The company achieved operating revenue of CNY 4.29 billion in 2024, a decrease of 1.47% compared to 2023 [23]. - Net profit attributable to shareholders increased by 5.51% to CNY 241.15 million in 2024, driven by improved project management and reduced financial costs [23]. - The net profit after deducting non-recurring gains and losses rose by 16.92% to CNY 206.39 million in 2024 [23]. - The net cash flow from operating activities increased by 27.81% to CNY 1.04 billion, primarily due to enhanced cash collection efforts [23]. - The company reported a total asset increase of 10.96% to CNY 11.70 billion at the end of 2024 [23]. - The company achieved a total consolidated revenue of ¥4,288,892,642.14, with a net profit of ¥252,433,710.01, representing a 5.51% increase in net profit attributable to shareholders compared to the previous year [55]. - The company reported a significant decrease in financial expenses by 54.47%, attributed to improved capital management and reduced financing costs [70]. - The company’s consolidated asset-liability ratio stood at 60.26%, an increase of 1.60 percentage points from the beginning of the year [55]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total share capital of 889,703,140 shares [6]. - The company reported a net profit of CNY 241,145,028.20 for the most recent fiscal year, with a cash dividend amounting to CNY 88,970,314, representing 36.89% of the net profit attributable to ordinary shareholders [174]. - The company has a cash dividend policy that aims to protect shareholder rights, with the policy details published on the Shanghai Stock Exchange website [172]. Audit and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants [5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons [5]. - The company emphasizes the importance of compliance and risk management in its operational framework to enhance internal governance and efficiency [131]. - The company has established a risk control mechanism for its futures hedging business, including strict compliance with relevant laws and regulations [112]. Technological Development and Innovation - The company plans to focus on four key technological directions: carbon neutrality, intelligent governance, energy saving, and new materials [31]. - The company has increased its patent portfolio with 75 new authorized patents and published 2 national standards [32]. - The company is focusing on enhancing its technological capabilities in air pollution control through IoT and AI monitoring, aligning with policy-driven upgrades in the industry [85]. - The company is actively pursuing green finance initiatives and expanding its market presence in the dual-carbon sector, including CCUS and carbon footprint management [123]. Market and Industry Outlook - The company anticipates a slowdown in the thermal power flue gas governance market starting in 2024, with non-electric sectors like steel and cement becoming new growth points [85]. - The environmental protection industry is expected to see increased demand for ultra-low emissions upgrades, with over 80% of steel production capacity required to complete such modifications by 2025 [85]. - The industrial wastewater treatment market size reached CNY 135.75 billion in 2023, with a projected growth to CNY 146 billion in 2024, representing a year-on-year increase of 7.6% [89]. Corporate Governance - The company has established specialized committees under the board, including the audit committee, nomination committee, compensation and assessment committee, and strategic committee [161]. - The company completed the election of the board of directors, supervisory board, and senior management on May 28, 2024 [147]. - The company is committed to maintaining transparency in its financial reporting and governance practices [144]. - The company has appointed new leadership, including a new chairman and general manager, to enhance operational management [148]. Environmental Compliance and Sustainability - The company is committed to environmental sustainability through rigorous monitoring and treatment of waste emissions [191]. - The company operates under the pollution discharge standards of GB 18485-2014 and GB 8978-1996, ensuring compliance with Class 3 standards for secondary pollutants [188]. - The company has implemented measures to treat and discharge wastewater, ensuring compliance with environmental standards [191]. - The company has established a comprehensive waste management strategy, focusing on reducing emissions and treating wastewater effectively [191]. Strategic Investments and Partnerships - The company plans to enhance its financial performance through improved operational efficiencies and cost management [149]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals [152]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and partnerships [149]. Employee Development and Training - The company conducted 57 training sessions during the year, with a total of 3,519 participants and 14,326 hours of training provided [171]. - The company has implemented a multi-dimensional performance evaluation system, focusing on operational goals and project responsibilities, with a specific emphasis on high-level talent compensation [169]. - The company has established a talent development mechanism, promoting young professionals in key projects, resulting in the recommendation of 50 professionals for various senior titles during the reporting period [54].