联泰环保(603797) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 785,047,827.70, representing a 30.05% increase compared to CNY 603,654,541.14 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 303,448,494.46, up 27.21% from CNY 238,532,365.05 in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 266,914,013.17, a 14.22% increase from CNY 233,692,749.30 in 2020[25]. - The company's total assets as of the end of 2021 were CNY 9,762,198,639.35, a 22.33% increase from CNY 7,980,003,432.22 at the end of 2020[25]. - The net assets attributable to shareholders increased by 64.27% to CNY 2,704,261,486.07 at the end of 2021 from CNY 1,646,243,085.35 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.59, an increase of 11.32% from CNY 0.53 in 2020[26]. - The diluted earnings per share for 2021 was CNY 0.56, up 7.69% from CNY 0.52 in 2020[26]. - The weighted average return on equity for 2021 was 13.58%, a decrease of 1.81 percentage points from 15.39% in 2020[26]. - The cash flow from operating activities showed a net outflow of CNY 76,215,235.15 in 2021, a significant decrease of 115.67% compared to a net inflow of CNY 486,331,187.36 in 2020[25]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares to all shareholders, with no stock bonus or capital reserve conversion[5]. - The company has not proposed any capital reserve conversion into share capital in the profit distribution plan[5]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders during the reporting period[165]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The board of directors and senior management guarantee the authenticity and completeness of the annual report[8]. - The company has not faced any penalties from securities regulatory authorities in the past three years[149]. - The company has not reported any significant accounting errors or non-compliance issues during the reporting period[198]. - There were no non-operating fund occupations or guarantees reported by the controlling shareholder or related parties[197]. Risk Management - There are no significant risks that could materially affect the company's operations during the reporting period[9]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has detailed potential risks in the section discussing future development, urging investors to pay attention[9]. - The company emphasizes the importance of risk awareness in forward-looking statements regarding economic and industry developments[6]. - The company faces risks related to the adjustment of sewage treatment service prices, which could impact profitability if costs rise significantly without corresponding price adjustments[118]. - The company acknowledges the risk of increased market competition as more enterprises enter the sewage treatment industry due to policy support and lowered entry barriers[125]. Operational Highlights - The company has subsidiaries involved in various water treatment projects, indicating a broad operational scope[13]. - The company achieved operating revenue of RMB 785 million in the reporting period, representing a year-on-year increase of 30.05%[34]. - The company’s wastewater treatment projects maintained stable water quality and met operational standards throughout the year[34]. - New projects, such as the Shaoyang Jiangbei and Shaoyang Yangxi Bridge upgrades, commenced commercial operations during the reporting period[34]. - The company has built and put into operation 12 sewage treatment plants with a total treatment capacity of 1.11 million tons per day as of December 31, 2021[57]. - The company operates a total of approximately 932 kilometers of sewage collection pipelines, with 350 kilometers already in operation[57]. - The company has a sludge treatment project with a design capacity of 500 tons per day that has entered commercial operation[58]. Investment and Financing - The company successfully completed a non-public stock issuance, raising a net amount of RMB 814 million to enhance capital strength[34]. - The company completed a private placement of 134,253,637 shares, raising a total of approximately RMB 828.34 million, enhancing its capital strength and optimizing its asset structure[37]. - The company has established a cash dividend policy, distributing at least 10% of the annual distributable profit in cash if conditions are met[163]. - The company plans to actively broaden financing channels to meet the funding needs for project construction and ensure timely project completion[120]. Technological Innovation - The company has obtained a total of 2 invention patents and 20 utility model patents, with 5 utility model patents acquired in the current reporting period[44]. - The company is actively expanding its investment in environmental protection sectors, including non-precious metal catalysts for diesel engine exhaust treatment and integrated assembly of CDPF devices[40]. - The company is focusing on developing new technologies for wastewater treatment and environmental protection, which is expected to drive future growth[114]. - The company is committed to continuous research and development of new technologies and processes to enhance industrial wastewater treatment capabilities[117]. Environmental Compliance - The company has achieved a 100% compliance rate for effluent quality across all sewage treatment projects during the reporting period[119]. - The company has established a robust framework for monitoring and managing wastewater treatment processes across its facilities[171]. - The company has received multiple environmental assessment approvals for its projects, demonstrating its compliance with regulatory requirements and commitment to environmental protection[180]. - The company has established an environmental self-monitoring plan for key pollutant discharge units in accordance with national regulations[184]. Corporate Governance - The company has established a robust internal control management system to ensure compliance with governance regulations and maintain operational independence from its controlling shareholder[129]. - The company maintains a fully independent financial management system, with no personnel holding concurrent positions in controlling shareholders or related enterprises[133]. - The company operates independently in its core business of urban and rural sewage treatment, with no competition or unfair transactions with controlling shareholders[135]. - The total remuneration for senior management during the reporting period amounted to 3.41 million yuan[139]. - The company has implemented a performance evaluation mechanism for senior management, ensuring fair and reasonable compensation in line with company policies[166]. Social Responsibility - The company has invested over 7 million yuan in donations and materials in recent years, including a 3 million yuan donation to the Shantou Charity Association for poverty alleviation in June 2021[190]. - The company emphasizes social responsibility by supporting environmental education and has established several environmental education bases in Guangdong Province[191]. - The company is committed to enhancing its sewage treatment capacity and standards in response to increasing urban sewage treatment demands and government requirements[190].