TUNA(SH:603177)2022-04-21 16:00Financial Performance - The company's operating revenue for 2021 was ¥615,887,444.57, representing a 45.25% increase compared to ¥424,027,744.33 in 2020[22]. - The net profit attributable to shareholders of the listed company was -¥80,973,886.95, an improvement from -¥122,294,973.54 in the previous year[22]. - The net cash flow from operating activities was -¥27,452,246.45, showing a significant reduction in cash outflow compared to -¥65,339,042.07 in 2020[22]. - The total assets increased by 8.67% to ¥1,378,059,705.10 from ¥1,268,095,856.16 in 2020[23]. - The net assets attributable to shareholders decreased by 19.41% to ¥331,911,953.18 from ¥411,865,977.19 in 2020[23]. - The basic earnings per share for 2021 was -¥0.40, an improvement from -¥0.61 in 2020[24]. - The weighted average return on net assets was -21.77%, an increase of 4.08 percentage points from -25.85% in 2020[24]. - The company reported a total asset of 1,378.06 million yuan and a net asset of 331.91 million yuan, a year-on-year decrease of 19.41%[42]. - The operating revenue for the reporting period was 615.89 million yuan, representing a year-on-year growth of 45.25%[42]. - The net profit attributable to shareholders was a loss of 80.97 million yuan, primarily due to the impact of the overseas pandemic and rising raw material costs[42]. Operational Developments - The company secured new orders worth RMB 788 million in the flue gas treatment segment, achieving revenue of RMB 603 million, a year-on-year increase of 42.49%[30]. - The first phase of the 25,000 tons/year waste salt resource utilization project commenced stable production in December 2021, with a signed contract volume of 50,000 tons[31]. - The company plans to establish a new 50,000 tons organic waste liquid resource utilization project and a 20,000 tons waste salt residue resource utilization project[32]. - The company has formed a partnership to establish a Green Low-Carbon Research Institute, focusing on key technologies such as carbon capture and special catalysts[32]. - The company is actively pursuing the replication of its waste salt project across various provinces to reduce land occupation and pollution[32]. - The company has developed a low-temperature anaerobic graded critical carbonization cracking furnace process for industrial waste salt disposal, recovering high-purity sodium chloride and sodium sulfate as by-products[37]. - The company aims to achieve a 100% harmless disposal rate for industrial hazardous waste and medical waste by the end of 2022, and to promote "zero emissions" of hazardous waste by 2025 in Zhejiang Province[36]. Market and Competitive Landscape - The company is actively expanding its market presence in Southeast Asia, where the demand for flue gas treatment is expected to grow significantly due to environmental pressures[37]. - The company has established long-term partnerships with well-known enterprises in Southeast Asia, enhancing its brand recognition in the flue gas treatment market[41]. - The company is focusing on solid waste and hazardous waste treatment, which is expected to become a key development direction under the "waste-free city" initiative[40]. - The company has faced challenges in project execution in Taiwan and India due to the pandemic, affecting its overseas business revenue[42]. - The competitive landscape in the hazardous waste management sector is intensifying, with new entrants expected to increase competition and pressure on profit margins[80]. Financial Management and Governance - The company maintains a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and protecting shareholder rights[83]. - The board of directors and various committees are actively involved in decision-making processes, providing professional insights for strategic decisions[83]. - The company has established an independent financial department and accounting system to ensure financial autonomy and compliance[86]. - The company has a complete and independent asset structure, with clear ownership of land, property, trademarks, and patents[86]. - The management team operates independently, with no reliance on the controlling shareholder for business operations[86]. - The company is committed to transparent information disclosure, ensuring all shareholders have equal access to company information[85]. Employee and Social Responsibility - The company has a comprehensive welfare system, providing five insurances and one fund, holiday benefits, and communication subsidies to enhance employee satisfaction[119]. - The company conducts regular performance evaluations to adjust employee compensation and offers promotion pathways for outstanding employees[119]. - The company emphasizes training, providing professional and personalized training courses for all employees, including new employee orientation[120]. - The company organized a child care program for employees' children during the winter holiday, addressing safety concerns and demonstrating care for employees[144]. - The company actively participates in social welfare activities, including donating materials to support elderly party members in local villages[145]. Environmental Compliance - The company has implemented pollution prevention facilities, including a wastewater treatment system that meets discharge standards[135]. - The company has received environmental impact assessment approvals for multiple projects, including a project for producing 10,000 cubic meters of high-performance denitration catalyst[137]. - The company has prepared emergency response plans for environmental incidents, which have been filed with the local environmental authority[139]. - The company commissioned third-party monitoring agencies to assess wastewater, waste gas, and noise levels quarterly, with all results meeting national and local standards[140]. - The company has no administrative penalties related to environmental issues during the reporting period[141]. Risks and Challenges - The company faces risks from potential changes in national policies affecting the environmental sector, which could impact its hazardous waste business[79]. - The company has a significant accounts receivable balance, which poses a risk of bad debt losses, and is implementing measures to manage this risk effectively[80]. - Significant increases in raw material prices, including steel, titanium dioxide, and resin, along with rising international shipping costs, have negatively impacted profit margins[81]. - The company plans to enhance product and service quality to improve pricing power and mitigate the effects of currency appreciation[81]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 7,914[164]. - The largest shareholder, Zhejiang Deneng Industrial Holding Group Co., Ltd., holds 87,947,500 shares, accounting for 43.54% of total shares[166]. - The top ten shareholders include Hangzhou Zhanchuang Enterprise Management Partnership with 11,918,000 shares (5.90%) and Yongxin County Dechuang Enterprise Management Co., Ltd. with 7,012,500 shares (3.47%)[166]. - The company has not disclosed any significant changes in its share capital structure during the reporting period[162]. - The company has not engaged in any significant related party transactions during the reporting period[157].