ZJMI Environmental Energy (SH:603071)2023-04-17 16:00Financial Performance - The company reported a distributable profit of RMB 1,384,890,329.20 as of December 31, 2022, with a proposed cash dividend of RMB 8 per 10 shares, totaling approximately RMB 446,363,553.60, which represents 42.02% of the net profit attributable to shareholders[6]. - The company's operating revenue for 2022 was CNY 55.20 billion, a decrease of 7.82% compared to CNY 59.88 billion in 2021[23]. - Net profit attributable to shareholders was CNY 1.06 billion, reflecting a 5.15% increase from CNY 1.01 billion in the previous year[23]. - Basic earnings per share decreased by 14.03% to CNY 1.90 from CNY 2.21 in 2021[24]. - The weighted average return on equity dropped to 25.39%, a decrease of 24.67 percentage points from 50.06% in 2021[24]. - The company achieved total revenue of 55.2 billion RMB in 2022, a decrease of 7.82% compared to the previous year[71]. - The net profit attributable to shareholders was 1.062 billion RMB, an increase of 5.15% year-on-year[71]. Cash Flow and Assets - The net cash flow from operating activities significantly decreased by 98.47%, amounting to CNY 29.76 million compared to CNY 1.95 billion in 2021[25]. - The total assets at the end of 2022 were CNY 11.46 billion, down 6.55% from CNY 12.27 billion at the end of 2021[23]. - Cash and cash equivalents decreased by 67.00% to ¥487,874,531.11, down from ¥1,478,228,254.53, primarily due to reduced cash flow[87]. - Other current assets increased significantly by 433.71% to ¥832,981,974.11, compared to ¥156,072,570.53, mainly due to large-scale certificate purchases[87]. Business Operations - The company sold 53.2166 million tons of coal during the reporting period[35]. - The company supplied 7.2758 million tons of steam and generated 106.65386 million kilowatt-hours of electricity, including 2.0145 million kilowatt-hours from photovoltaic power[35]. - The coal circulation segment generated revenue of 52.0 billion RMB, down 8.20% from the previous year, with a gross margin of 3.34%[76]. - The thermal power generation segment reported revenue of 3.1 billion RMB, with a gross margin of 22.78%, showing a slight decrease of 0.54% year-on-year[76]. Research and Development - The company invested 114.0211 million yuan in R&D, an increase of 3.08% year-on-year, with 34 projects under research[41]. - The company holds 177 patents, including 18 invention patents, and has been recognized as a high-tech enterprise[69]. - The number of R&D personnel is 188, making up 13.32% of the total workforce[84]. Environmental and Sustainability Initiatives - The company invested a total of 10.5 million yuan in social responsibility projects, benefiting 61 individuals[195]. - The company allocated 43.5321 million yuan for poverty alleviation and rural revitalization projects, impacting 596 people[196]. - The company reduced carbon emissions by 518,393 tons in 2022, achieving an 11.42% improvement compared to 2021[194]. - The company has established a comprehensive environmental protection mechanism[174]. - The company has implemented advanced treatment systems for waste emissions, ensuring compliance with national standards[177]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations[116]. - The company maintains transparent information disclosure practices to protect investor interests and prevent insider trading[123]. - The company held 2 temporary shareholder meetings and 1 annual shareholder meeting in 2022, passing a total of 19 resolutions without any rejected proposals[128]. Future Outlook and Strategy - The company plans to construct a 70MW/343MWh thermal storage and 2MW/4MWh chemical energy storage facility as part of its new energy strategy[40]. - The company aims to achieve a total installed capacity of 1.2 billion kilowatts for wind and solar power by 2030, with renewable energy consumption reaching 1 billion tons of standard coal by 2025[56]. - The company is committed to becoming a leader in green and efficient environmental energy services, leveraging opportunities from carbon peak and carbon neutrality policies[104]. Risk Management - The company faces risks from macroeconomic fluctuations and policy changes, with a focus on strengthening internal controls and management to mitigate these risks[109]. - The company is committed to optimizing its business model and improving operational management to withstand external market shocks[112].