ECOBEAUTY(SZ:000010)2025-04-28 12:40Corporate Governance - As of December 5, 2024, the company has no controlling shareholder or actual controller, following changes in shareholding structure[16]. - The company maintains independence from its controlling shareholder in operations, personnel, and financial matters[102]. - The company has fulfilled all commitments related to the independence of the listed company as of the reporting period end[144]. - The company committed to maintaining independence in personnel, assets, business, organization, and finance during the period of control over the highest voting rights[144]. - The company has promised to reduce related party transactions and ensure compliance with market principles and legal regulations[144]. - The company has established a governance structure that complies with legal regulations and enhances information disclosure[94]. - The company has committed to following the decision-making procedures and information disclosure obligations for related party transactions[144]. - The company has ensured that all disclosures regarding the issuance of shares and cash purchases of assets are true, accurate, and complete[144]. - The company has pledged not to transfer shares in the event of an investigation related to the disclosed documents until a conclusion is reached[144]. - The company has a plan for value enhancement and has implemented a dual improvement action plan for quality and returns[92]. - The company has maintained a consistent board composition with regular updates and elections for independent directors[107]. - The company is committed to transparency in its governance practices, as evidenced by the timely announcements regarding personnel changes[107]. - The overall governance structure is designed to ensure continuity and effective oversight of company operations[106]. Financial Performance - The company's operating revenue for 2024 reached ¥842,178,635.66, representing a 178.02% increase compared to ¥302,915,567.26 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥17,621,359.94, a significant turnaround from a loss of ¥498,883,121.73 in 2023, marking a 103.53% improvement[6]. - The net profit after deducting non-recurring gains and losses for 2024 was ¥27,908,890.46, compared to a loss of ¥496,407,699.60 in 2023, reflecting a 105.62% increase[6]. - The net cash flow from operating activities for 2024 was ¥68,941,971.36, a 140.53% increase from a negative cash flow of ¥170,110,822.90 in 2023[6]. - The basic earnings per share for 2024 was ¥0.0153, a recovery from a loss of ¥0.4712 in 2023, indicating a 103.25% improvement[6]. - The total assets at the end of 2024 were ¥2,939,615,278.83, a decrease of 6.32% from ¥3,137,807,067.53 at the end of 2023[6]. - The company reported a significant reduction in financial expenses by 48.14%, down to 53,328,966.80 yuan, due to debt repayments[58]. - The company reported a total of CNY 1,329,812,710.02 in other payables, representing 45.24% of total liabilities[68]. - The company has a high proportion of overseas assets, with total restricted assets amounting to CNY 392,970,351.82, primarily due to judicial freezes and loan pledges[69]. Business Transformation - The company reported a significant transformation in its main business from CNG gas equipment to landscaping services, following the acquisition of a construction company in 2018[16]. - The company’s main business has evolved to include municipal construction, road engineering, and urban lighting, among other specialized services[16]. - The company is focusing on resource integration and optimizing asset management to improve investment returns and cash flow[30]. - The company is expanding its market presence in regions such as Jiangsu-Zhejiang and the Greater Bay Area, targeting new sectors like renewable energy and urban renewal[36]. - The company plans to optimize its order structure by selecting traditional construction projects with healthy operational funding, while also investing in new energy and big data projects[40]. - The company aims to enhance financing efficiency and reduce costs through innovative financing channels, supported by capital injections from shareholders[40]. - The company is committed to a dual approach of internal growth and external expansion to adapt to market demands and enhance its competitive position[30]. Market and Competitive Landscape - The construction industry in China is projected to grow by 3.8% in total output value in 2024, supported by government infrastructure investment policies[25]. - The competitive landscape in the construction industry has intensified, with higher standards and lower profit margins for participating firms[26]. - The company has established strategic partnerships with major state-owned enterprises, enhancing its participation in key national projects[27]. - The company is actively expanding its market presence in key regions such as the Greater Bay Area and the Yangtze River Delta[40]. - The company is focusing on strategic partnerships with state-owned enterprises to ensure sustainable growth and enhance its market presence[40]. Human Resources and Management - The total number of employees at the end of the reporting period is 152, with 34 at the parent company and 118 at major subsidiaries[125]. - The professional composition includes 91 technical personnel, 13 sales personnel, 13 financial personnel, and 35 administrative personnel[125]. - The educational background of employees shows 11 with master's degrees, 62 with bachelor's degrees, and 41 with associate degrees[125]. - The company has implemented a talent strategy to build a diverse and skilled workforce, enhancing its operational capabilities[38]. - The management team remains focused on strategic initiatives and maintaining operational stability amid personnel changes[106]. - The company has a flexible compensation policy based on actual operating conditions and industry standards[126]. - The company emphasizes performance-based compensation for its executives[115]. Shareholder Structure and Equity - The company has no controlling shareholder or actual controller as of December 5, 2024[190]. - The company’s shareholder structure has changed, with significant movements in restricted and unrestricted shares due to judicial auctions[186]. - The number of shares held by domestic natural persons increased from 127,533,773 (11.09%) to 267,879,000 (23.30%) after the recent changes[179]. - The company’s major shareholder, Jiayuan Chuangsheng, auctioned off 20 million unrestricted shares, which were successfully transferred on January 8, 2024[179]. - The company has 100,000,000 shares held by Shenzhen Baolisheng Industrial Partnership, accounting for 8.70% of total shares[190]. - The company has no significant related party transactions involving asset or equity acquisitions or sales during the reporting period[159]. - The company has no significant contracts or other major contracts during the reporting period[173]. Internal Controls and Compliance - The internal control system has been continuously improved to adapt to changing external environments and internal management requirements[132]. - The company conducted an internal control evaluation for 2024, reporting no major or important deficiencies[133]. - The internal control audit report confirms that the company maintained effective financial reporting internal controls as of December 31, 2024[138]. - The internal control evaluation report indicates that the total assets of the evaluated units account for 100.00% of the company's consolidated financial statement assets[136]. - The internal control evaluation report also shows that the total revenue of the evaluated units represents 100.00% of the company's consolidated financial statement revenue[136]. - The company has fulfilled its commitment regarding the accuracy and completeness of information disclosed during the asset restructuring process[144]. Future Outlook - The company has outlined a future outlook with a projected revenue growth of 20% for the next fiscal year[149]. - The company plans to expand its market presence in Asia, targeting a 30% increase in market share by 2025[146]. - The company aims to optimize its asset structure and deepen its focus on key markets, targeting high-quality development in 2025[85]. - The company will focus on core areas such as municipal infrastructure, ecological protection, urban renewal, and big data computing[85].