新中港(605162) - 2021 Q4 - 年度财报

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 113,687,473.11 in 2021, a decrease of 27.74% compared to RMB 157,337,870.04 in 2020[6]. - Operating revenue for 2021 was RMB 770,843,823.61, representing a 35.00% increase from RMB 570,987,274.04 in 2020[22]. - The net cash flow from operating activities decreased by 45.91% to RMB 114,874,604.76 in 2021 from RMB 212,366,870.26 in 2020[22]. - The total assets of the company increased by 44.19% to RMB 1,364,705,804.95 at the end of 2021, compared to RMB 946,447,946.85 at the end of 2020[22]. - The net assets attributable to shareholders rose by 91.92% to RMB 1,139,789,793.12 at the end of 2021, up from RMB 593,883,704.97 at the end of 2020[22]. - The basic and diluted earnings per share were both 0.32 yuan, down 34.69% from 0.49 yuan in 2020[23]. - The weighted average return on equity decreased to 13.68%, down 15.72 percentage points from 29.40% in 2020[23]. - The gross profit margin declined significantly due to the sharp rise in coal prices while electricity prices remained unchanged[24]. - The company achieved a total operating revenue of 770.84 million yuan, representing a year-on-year growth of 35.00%[76]. - The net profit attributable to shareholders was 113.69 million yuan, a decrease of 27.74% compared to the previous year[76]. - The main business gross margin was 21.29%, down by 19.03 percentage points year-on-year[76]. Operational Highlights - The company sold 33,936.16 million kWh of electricity, an increase of 5.22% year-on-year, and sold 2.68 million tons of steam, up 12.34%[31]. - The company sold a total of 500,000 tons of carbon emission quotas through the national carbon trading system at a transaction price of 50 RMB/ton, resulting in a total transaction amount of 25 million RMB[33]. - The company completed the construction of a 220t/h subcritical new type circulating fluidized bed boiler and a 35MW back-pressure high-efficiency steam turbine generator set, significantly reducing coal consumption and environmental costs after production[32]. - The company has successfully replaced small boilers in the region with mid-pressure heating, achieving a historical high in mid-pressure heating supply while improving pipeline delivery capacity[34]. - The company’s new subcritical back-pressure heating unit has a 25% higher power generation capacity compared to supercritical units under the same heating conditions[38]. - The company’s projects align with national policies promoting energy conservation and the development of combined heat and power systems[39]. Environmental and Sustainability Initiatives - The company continues to strengthen internal controls and environmental management, ensuring compliance with emission standards and maintaining a good environmental credit status[32]. - The company is the first thermal power plant in Zhejiang Province to pass ultra-low emission acceptance, with coal-fired units meeting natural gas power plant emission standards[165]. - The company has implemented advanced pollution control technologies, including limestone desulfurization and low-nitrogen combustion, to effectively reduce emissions of SO2, NOX, and particulate matter[168]. - The company has achieved ultra-low emissions for all units, with nitrogen oxide emissions controlled through the installation of SCR modules, enhancing operational efficiency[174]. - The company has been awarded the "Green Enterprise" title by the Zhejiang Provincial Economic and Trade Commission and the Environmental Protection Bureau[177]. - The company has committed to a 36-month lock-up period for shares held by major shareholders following the IPO, with automatic extensions under certain conditions[184]. Strategic Plans and Future Outlook - The company plans to focus on energy-saving and low-carbon development strategies while expanding its heating pipeline network and improving operational efficiency[31]. - The company aims to achieve the goal of becoming a "regional comprehensive energy supply center" and "regional carbon neutrality center" within 3-5 years through increased R&D investment[98]. - The company plans to enhance its energy utilization efficiency and reduce carbon emissions through the operation of new projects, including the subcritical back-pressure heating units[54]. - The company plans to expand its market presence in Southeast Asia, aiming for a 30% market share by 2025[138]. - The management team emphasized a focus on sustainability, with a goal to reduce carbon emissions by 40% by 2025[138]. Governance and Compliance - The company has established a robust internal control system that meets the requirements of the Ministry of Finance and the China Securities Regulatory Commission, ensuring compliance and asset safety[162]. - The company has not faced any penalties from environmental authorities since passing the ultra-low emission acceptance in 2016, reflecting its compliance and operational efficiency[62]. - The company has not reported any significant risks or dissenting opinions from the supervisory board during the reporting period[151]. - The company has established a framework for ongoing compliance with its commitments to avoid conflicts of interest and ensure fair practices[188].