荣晟环保(603165) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was RMB 2,414,603,802.65, representing a 42.42% increase compared to RMB 1,695,450,742.85 in 2020[22]. - The net profit attributable to shareholders of the listed company was RMB 284,416,835.21, an increase of 22.64% from RMB 231,918,904.65 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was RMB 259,084,754.04, up 19.66% from RMB 216,520,420.39 in 2020[22]. - The total profit for 2021 was CNY 276.50 million, reflecting a growth of 10.30% compared to the previous year[31]. - Basic earnings per share for 2021 were CNY 1.10, up 18.28% from CNY 0.93 in 2020[23]. - The weighted average return on equity increased to 16.29%, up 1.16 percentage points from 15.13% in 2020[23]. - The company achieved operating revenue of CNY 241,460.38 million, a year-on-year increase of 42.42%[49]. - The company realized operating profit of CNY 27,665.47 million, up 10.64% year-on-year[49]. - The net profit attributable to shareholders reached CNY 28,441.68 million, an increase of 22.64% compared to the previous year[49]. Cash Flow and Assets - The net cash flow from operating activities decreased by 55.87% to RMB 101,520,446.76 from RMB 230,023,504.65 in 2020[22]. - The total assets at the end of 2021 were RMB 2,581,985,703.31, a 21.30% increase from RMB 2,128,668,471.98 at the end of 2020[22]. - The net assets attributable to shareholders of the listed company increased by 12.34% to RMB 1,870,337,334.04 from RMB 1,664,913,802.97 in 2020[22]. - The asset-liability ratio stood at 27.56% at the end of 2021[31]. - The company's fixed assets increased to CNY 725,451,725.92, a 41.06% rise from CNY 514,289,355.23 in the previous year[66]. - The company's capital reserve increased by 37.27% to CNY 402,428,554.58, primarily due to the conversion of convertible bonds into shares[66]. Research and Development - The company invested CNY 108.82 million in R&D, resulting in 6 authorized invention patents and 13 utility model patents[32]. - The company has 102 authorized patents, including 26 invention patents, and has been recognized as a national high-tech enterprise[48]. - The company is committed to attracting high-end talent in water treatment and nanofiber technology to enhance its research and development capabilities[81]. Environmental Initiatives - The company is responding to the "3060" dual carbon target by reducing carbon emissions through product development and process optimization[34]. - The company is focusing on recycling waste paper to produce regenerated paper, aligning with national policies for resource conservation and high-efficiency utilization[35]. - The company has implemented a "green energy upgrade transformation" project that has been running at full capacity since Q1 2021, improving product design precision and reducing energy consumption[33]. - The company has constructed two photovoltaic power generation projects totaling 10MW, which are now connected to the grid[35]. - The company has organized tree planting activities, increasing green coverage to approximately 14% of its land area[147]. Governance and Management - The company has implemented a governance structure in compliance with relevant laws and regulations, enhancing the roles of the shareholders' meeting, board of directors, supervisory board, and management[91]. - The board of directors has completed its re-election process and established four specialized committees to enhance decision-making and oversight[92]. - The company ensures timely and accurate information disclosure, safeguarding investors' rights to information[93]. - The company has established measures to maintain the independence of its assets, personnel, and operations[93]. - The company has a diverse management team with members having backgrounds in various sectors, enhancing its operational capabilities[99]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 3.50 per 10 shares to shareholders[5]. - The company has proposed a three-year dividend return plan for shareholders from 2021 to 2023[94]. - The company's profit distribution policy requires a minimum cash dividend ratio of 20% of the distributable profit for the year, with higher ratios for mature companies without major capital expenditures[128]. - The company emphasizes communication with shareholders, especially minority shareholders, to gather their opinions before finalizing the cash dividend plan[128]. Market and Strategic Development - The company is expanding its market presence in Southeast Asia, aiming for a 20% market share by 2023[110]. - The company has initiated a strategic acquisition plan to enhance its technology capabilities, with a budget of 200 million allocated for potential targets[110]. - The company is actively pursuing market expansion and technological integration to enhance its overall industry scale and competitiveness, ensuring sustainable development[82]. Compliance and Legal Matters - The company has confirmed that there were no major violations or penalties against the company or its controlling shareholders during the reporting period[160]. - The company has not faced any delisting risks or bankruptcy restructuring matters[160]. - The company has established a commitment to ensure that no false or misleading statements are made in its reports, with legal responsibility for the accuracy and completeness of the information provided[153].