Greencity Water(SH:601368)2023-04-14 16:00Financial Performance - The company's operating revenue for 2022 was approximately ¥2.25 billion, representing an 8.10% increase compared to ¥2.08 billion in 2021[23]. - Net profit attributable to shareholders decreased by 44.72% to approximately ¥163.84 million in 2022 from ¥296.37 million in 2021[23]. - Basic earnings per share fell by 44.71% to ¥0.1856 in 2022, down from ¥0.3357 in 2021[24]. - The weighted average return on equity decreased to 3.55% in 2022 from 6.63% in 2021, a decline of 3.08 percentage points[24]. - The company reported a net cash flow from operating activities of approximately ¥595.05 million in 2022, a decrease of 17.17% from ¥718.41 million in 2021[23]. - Total assets increased by 13.14% to approximately ¥19.33 billion at the end of 2022, compared to ¥17.08 billion at the end of 2021[23]. - The total profit amounted to 189.06 million yuan, a year-on-year decline of 46.78%[33]. - The net profit attributable to shareholders was 163.84 million yuan, down 44.72% year-on-year[33]. Dividend Distribution - The company plans to distribute a cash dividend of 0.56 RMB per 10 shares, totaling approximately 49.45 million RMB (including tax) based on a total share capital of 882,973,077 shares as of December 31, 2022[5]. - The board of directors has approved the profit distribution plan, which is subject to shareholder meeting approval[5]. - The company reported a cash dividend of CNY 49,446,493, which accounts for 30.18% of the net profit attributable to ordinary shareholders in the consolidated financial statements[145]. Compliance and Governance - The company reported a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity[7]. - The company has not violated decision-making procedures for external guarantees, maintaining compliance with regulations[7]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report[7]. - The company maintains an independent business system, with strict separation from the controlling shareholder in terms of operations and finances[110]. - The company has not faced significant differences in governance compared to regulatory requirements, ensuring compliance[115]. - The company did not face any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[127]. Operational Highlights - The company continues to focus on its core business in water services, with no significant changes in its operational strategy reported[6]. - The company achieved a water sales volume of 50,556.43 million cubic meters, completing 95.03% of the annual plan, a year-on-year decrease of 0.50%[33]. - The company processed 53,870.84 million cubic meters of wastewater, exceeding the annual plan by 4.23%, with a year-on-year increase of 8.78%[33]. - The company completed the construction of approximately 101 kilometers of water supply pipelines, enhancing its infrastructure capacity[35]. - New wastewater treatment capacity of 14.5 million cubic meters per day was added through various projects, strengthening the company's operational foundation[36]. - The company established two water science and technology research centers in collaboration with research institutions and universities to enhance technological innovation[37]. Financial Management - Operating costs rose to CNY 1,433,361,808.11, reflecting a 13.65% increase from CNY 1,261,243,918.14 year-on-year[64]. - Financial expenses surged by 59.16% year-on-year to ¥431,351,767.66, primarily due to a 30.04% increase in net interest expenses and a 133.66% rise in foreign exchange losses[74]. - The company reported a net cash flow from financing activities of CNY 1,343,317,810.49, an increase of 11.74% from CNY 1,202,156,661.10[65]. - The company has implemented a management system for insider information to protect shareholders' rights[115]. Strategic Initiatives - The company aims to become a leading water utility enterprise in the region, targeting total assets exceeding RMB 20 billion and water supply capacity surpassing 3 million cubic meters per day by the end of the 14th Five-Year Plan[93]. - The company plans to ensure urban and county sewage treatment capacity reaches 6.5 million tons per day by the end of 2025, striving for 7.5 million tons per day[49]. - The company is focusing on smart water management and aims to reduce water loss through various technological innovations and management practices[99]. - The company plans to leverage smart water management technologies to improve operational efficiency and reduce costs, aligning with national policies promoting intelligent upgrades in water supply systems[92]. Environmental Commitment - The company invested approximately 172,962.20 million CNY in environmental protection during the reporting period, which includes fixed asset investment, infrastructure, renovation, and operational costs for wastewater treatment[153]. - The company successfully reduced environmental pollutants by approximately 81,700 tons of COD and 11,400 tons of ammonia nitrogen through its wastewater treatment operations, contributing to urban energy conservation and water environment improvement[159]. - The company has implemented carbon reduction measures, including the use of a precise aeration system in its Jiangnan sewage treatment plant, which reduced electricity consumption during production[160]. Human Resources - The total number of employees in the parent company and major subsidiaries is 1,732, with 802 in production, 188 in sales, and 512 in technical roles[136]. - The company conducted over 5,900 training sessions for employees throughout the year, focusing on corporate policies, business knowledge, and professional skills[139]. - The company has a total of 69 retired employees for whom it bears costs, indicating a commitment to employee welfare[136]. Shareholder Engagement - The company held 2 shareholder meetings during the reporting period, all conducted in accordance with relevant laws and regulations[109]. - The company actively engages with investors through regular performance briefings, fostering good communication and interaction[113]. - The total number of ordinary shareholders increased from 35,104 to 36,213 during the reporting period[189].