Haixia Environmental Protection(SH:603817)2025-04-22 09:15Financial Performance - The company reported a total distributable profit of RMB 995,509,128.87 as of December 31, 2024, allowing for a cash dividend distribution[6]. - A cash dividend of RMB 0.27 per share (before tax) is proposed, amounting to a total of RMB 14,427,686.44 (before tax) based on the total share capital of 534,358,757 shares[6]. - The total cash dividend for 2024, including the interim dividend already distributed, is RMB 38,473,813.60 (before tax), representing 20.06% of the net profit attributable to shareholders of the listed company[6]. - The company's operating revenue for 2024 reached ¥1,215,878,138, representing a 15.35% increase compared to ¥1,054,099,934 in 2023[24]. - Net profit attributable to shareholders increased by 32.86% to ¥191,750,265 in 2024 from ¥144,323,113 in 2023[24]. - The basic earnings per share rose to ¥0.3588 in 2024, a 32.84% increase from ¥0.2701 in 2023[25]. - The total assets of the company at the end of 2024 were ¥6,760,979,297, reflecting a 9.29% increase from ¥6,186,067,709 in 2023[24]. - The cash flow from operating activities decreased by 34.73% to ¥96,035,519 in 2024 from ¥147,136,322 in 2023[24]. - The company reported a weighted average return on equity of 6.95% for 2024, an increase of 1.43 percentage points from 5.52% in 2023[26]. - The net profit after deducting non-recurring gains and losses was ¥175,433,006, up 33.00% from ¥131,906,259 in 2023[24]. Operational Highlights - The company achieved an operating revenue of 1.2158781 billion yuan in 2024, representing a growth of 15.35% compared to the previous year[34]. - The total profit amounted to 186.2394 million yuan, reflecting a year-over-year increase of 19.01%[34]. - The wastewater treatment volume reached 45.92154 million tons, up 14.34% from the previous year, while the actual settlement volume was 47.93157 million tons, an increase of 12.48%[34]. - The company successfully completed the expansion and upgrading of several wastewater treatment plants, with projects entering commercial operation and trial runs[37]. - The company obtained 5 new invention patents, 23 utility model patents, and registered 14 software copyrights during the reporting period[38]. Environmental and Regulatory Compliance - The company has been recognized as a key pollutant discharge unit, with specific monitoring and compliance measures in place[157]. - Total nitrogen emissions for Fujian Haixia Environmental Group were 2,168.60 tons, which is below the standard limit of 3,285 tons/year, representing approximately 66% of the allowable limit[158]. - Total phosphorus emissions were reported at 63.71 tons, under the limit of 109.5 tons/year, accounting for about 58% of the permissible level[158]. - Chemical Oxygen Demand (COD) emissions reached 370.01 tons, significantly lower than the maximum allowable of 1,642.5 tons/year, which is around 22% of the limit[158]. - The company maintained compliance with environmental regulations, ensuring all pollutants were within permissible limits[162]. Research and Development - Research and development expenses rose by 21.15% to ¥41,989,607, reflecting increased investment in R&D activities[55]. - The total R&D expenditure amounted to 41,989,607.09 RMB, representing 3.45% of the operating income[70]. - The company is focusing on developing new sewage treatment technologies to improve treatment efficiency and water quality standards[93]. - R&D investments will focus on key technologies in core business areas, ensuring efficient use of funds for innovation[106]. Strategic Initiatives - The company is focused on high-quality development driven by strong political and organizational support, aligning with national policies and industry standards[35]. - The company plans to continue expanding its sewage treatment capacity with several projects entering full commercial operation this year[60]. - The company aims to enhance its comprehensive efficiency through optimized operational layout and tailored loss reduction strategies for each plant[104]. - Significant investments will be made in expanding sewage treatment capacity and applying new sewage treatment technologies to meet the growing demand[104]. Corporate Governance and Shareholder Relations - The company has established a transparent performance evaluation and incentive mechanism for its board and management, ensuring compliance with legal standards[116]. - The company actively respects and maintains the rights of shareholders and stakeholders, promoting balanced interests among all parties[117]. - The company has not engaged in any significant competition with its controlling shareholders or related parties[118]. - The company will publicly explain the reasons for any failure to fulfill the commitments disclosed in the prospectus at the shareholders' meeting and apologize to shareholders and the public[178]. Future Outlook - The company plans to expand its market presence significantly in the upcoming fiscal year[122]. - Future guidance indicates an expected revenue increase of 10% for the next quarter[121]. - The company is exploring potential mergers and acquisitions to enhance its service offerings[122]. - The company aims to reduce operational costs by 15% through efficiency improvements in the next fiscal year[123].