Business Performance - For the year ended 31 December 2021, the Group's revenue amounted to RMB 5,288.4 million, representing a decrease of 22.5% compared to the previous year[20]. - The Group's gross profit for the year ended 31 December 2021 was RMB 341.4 million, a decrease of 70.8%, with a gross profit margin of 6.5%, down 10.67 percentage points from the previous year[20]. - The total comprehensive income attributable to owners of the parent for the year ended 31 December 2021 was RMB -209.9 million, representing a decrease of 169.2% compared to the previous year[20]. - The Group's profit for 2021 amounted to RMB -443.3 million, a decrease of RMB 654.7 million compared to RMB 211.4 million in 2020[64]. - The Group's revenue decreased by 22.5% from RMB 6,821.1 million in 2020 to RMB 5,288.4 million in 2021, primarily due to a decrease in revenue from engineering businesses[66]. Financial Position - Total current assets as of 31 December 2021 were RMB 10,570.7 million, down from RMB 11,778.9 million in 2020[22]. - Total non-current assets as of 31 December 2021 were RMB 7,857.7 million, down from RMB 8,401.9 million in 2020[22]. - Total assets as of 31 December 2021 amounted to RMB 18,428.4 million, a decrease from RMB 20,180.9 million in 2020[22]. - The Group's cash and cash equivalents decreased by 18.7% to RMB 1,244.9 million as of December 31, 2021, compared to RMB 1,531.7 million at the end of 2020[66]. - The total liabilities of the Group decreased by 9.1% to RMB 11,672.8 million as of December 31, 2021, compared to RMB 12,841.6 million in 2020[64]. Shareholder Information - As of December 31, 2021, the total registered share capital of the company was RMB 2,967,542,000, divided into 624,296,200 H Shares and 2,343,245,800 Domestic Shares[140]. - The Board proposed a final dividend of RMB 0.0298 per share (before tax) for the year ended 31 December 2021[20]. - The Company will withhold a 10% enterprise income tax on dividends distributed to non-resident enterprise shareholders[150]. - The total value of goods sold and services provided to China Datang Group was approximately RMB 4,738.4 million, representing about 89.60% of the total revenue of the Group[98]. Environmental Initiatives - The Company seized national opportunities related to "carbon peaking and carbon neutrality," promoting three new business directions: in-depth environmental treatment, resource recycling, and integrated intelligent energy[7]. - The Company aims to become a first-class comprehensive ecological environment management service provider by deepening cooperation with local governments and advanced enterprises[8]. - The Group is actively exploring new resource recycling businesses, including the reuse of waste fan blades and photovoltaic components[32]. - The Group's environmental protection governance businesses are expanding into non-electric sectors such as steel, cement, and metallurgy[35]. - The Group will accelerate the development of non-fossil energy and improve the scale of wind and photovoltaic power generation, focusing on both centralized and distributed energy deployment[111]. Management and Governance - The Company has implemented risk management and internal control measures to ensure compliance with relevant laws and regulations[129]. - The Company is committed to maintaining a balance with the ecological and social environment while pursuing mutual development with customers and employees[127]. - The Company has established compliance contracts with Supervisors regarding relevant laws and regulations[174]. - The Company has received annual confirmations of independence from each independent non-executive Director[165]. - The Company announced changes in Directors, Supervisors, and Senior Management on multiple dates in 2021[169]. Future Outlook - The Group plans to actively explore clients in the iron and steel, cement, and petrochemical industries to diversify its client base[99]. - The Group aims to achieve breakthroughs in acquiring specialized and advanced core technologies and new products[104]. - The Group's business development is heavily reliant on the environmental protection policies of the PRC[97]. - The Group will implement six key initiatives including business breakthroughs, management enhancements, and risk mitigation to support its strategic goals during the critical "14th Five-Year Plan" period[106]. - The Group's strategic focus includes expanding its environmental protection and energy conservation business to meet increasing market demands[39].
大唐环境(01272) - 2021 - 年度财报