QJSL(SH:600283)2023-04-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 1,827,366,457.86, an increase of 18.77% compared to CNY 1,538,519,305.75 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 172,424,641.79, reflecting a growth of 14.37% from CNY 150,757,637.46 in the previous year[24]. - The net cash flow from operating activities reached CNY 965,419,441.39, a significant increase of 72.72% compared to CNY 558,953,902.43 in 2021[24]. - The total assets of the company at the end of 2022 were CNY 6,893,859,238.08, representing an 8.01% increase from CNY 6,382,847,330.31 in 2021[24]. - The company's net assets attributable to shareholders increased to CNY 2,200,703,967.41, up 5.74% from CNY 2,081,248,602.55 in the previous year[24]. - Basic earnings per share for 2022 were CNY 0.49, a 13.95% increase from CNY 0.43 in 2021[25]. - The weighted average return on equity for 2022 was 8.05%, an increase of 0.63 percentage points from 7.42% in 2021[25]. - The company reported a non-operating profit of CNY 38,241,040.65, which is a 41.86% increase from CNY 26,957,691.46 in 2021[24]. Water Supply and Treatment Operations - Water supply volume was 45.324 million tons, and sales volume was 41.669 million tons, with a sales-to-supply ratio of 10.37%[34]. - The company processed a total of 142.14 million tons of wastewater, marking an 18.54% increase from 2021[35]. - The company operates a total water supply design capacity of 1.94 million tons per day, with raw water supply capacity at 200,000 tons per day and treated water supply capacity at 1.74 million tons per day[46]. - The wastewater treatment design capacity is 550,000 tons per day, with projects operated in multiple cities including Lishui and Yongkang[46]. - The total sewage treatment volume for 2022 was 14,214 million tons, representing an 18.54% growth compared to 2021[53]. - The company maintained stable water supply quality, achieving a comprehensive compliance rate for water quality standards[34]. Strategic Initiatives and Market Expansion - The company focused on an "investment operation" management model, emphasizing innovation and market expansion strategies[34]. - The company plans to enhance its service range and upgrade services in response to the maturing urban water supply market[36]. - The company is exploring smart water management technologies to improve competitiveness in the water services industry[37]. - The company is actively expanding its market presence beyond Zhejiang Province, with ongoing projects in regions such as Fujian[48]. - The company plans to enhance wastewater resource utilization and address water resource shortages and pollution through comprehensive water governance strategies[40]. Research and Development - The company has completed the application for 12 patents and has been granted 16 patents in 2022, enhancing its technological innovation capabilities[50]. - The company’s total R&D investment was 5,785,688.60 CNY, representing 0.32% of total operating income[68]. - The company employed 92 R&D personnel, making up 5.85% of the total workforce[69]. - The company is investing 50 million RMB in R&D for new technologies aimed at improving water efficiency and sustainability[129]. Governance and Management - The company held 4 shareholder meetings in 2022, utilizing both in-person and online voting methods for resolutions[116]. - The seventh board of directors consists of 9 members, including 3 independent directors, with 8 board meetings held during the reporting period[117]. - The company maintained transparent communication with investors, conducting online performance briefings on April 28, August 18, and November 15, 2022[119]. - The company’s governance structure aligns with the requirements of the Corporate Governance Code, with no significant discrepancies noted[119]. - The company appointed a new general manager in October 2022, enhancing leadership stability[128]. Environmental Responsibility - The company’s nitrogen removal project achieved a total nitrogen removal rate of over 80% and ammonia nitrogen removal rate of over 90%[188]. - The company has established emergency response plans for environmental incidents, with the latest updates filed with local environmental authorities[179][180]. - The company implemented carbon reduction measures, including advanced anaerobic digestion technology, resulting in a 35% increase in biogas yield and a 35% increase in organic matter degradation rate[188]. - The company’s commitment to environmental responsibility includes utilizing ecological wetlands for further nutrient absorption from treated wastewater[188]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[129]. - The company plans to sell approximately 420 million tons of water and treat about 144 million tons of wastewater in 2023, aiming for a revenue of around 2.2 billion yuan[110]. - The company is considering strategic acquisitions to enhance its service offerings, with a budget of 300 million RMB allocated for potential mergers[129].