CPEP(SZ:000544)2021-03-26 16:00Financial Performance - The company's operating revenue for 2020 was ¥2,149,746,278.73, representing a 23.57% increase compared to ¥1,739,717,527.04 in 2019[24] - The net profit attributable to shareholders for 2020 was ¥496,089,921.02, a 6.78% increase from ¥464,576,327.77 in 2019[24] - The net profit after deducting non-recurring gains and losses was ¥398,728,523.91, which is a 15.66% decrease compared to ¥472,774,410.90 in 2019[24] - The net cash flow from operating activities was ¥608,247,075.42, down 21.06% from ¥770,517,451.95 in 2019[24] - The total assets at the end of 2020 were ¥16,187,705,945.20, an increase of 48.73% from ¥10,883,604,606.79 at the end of 2019[27] - The net assets attributable to shareholders at the end of 2020 were ¥6,254,042,555.40, a 4.34% increase from ¥5,993,868,111.76 at the end of 2019[27] - The basic earnings per share for 2020 were ¥0.51, up 6.25% from ¥0.48 in 2019[24] - The diluted earnings per share for 2020 were also ¥0.51, reflecting a 6.25% increase from ¥0.48 in 2019[27] - The weighted average return on equity for 2020 was 8.13%, compared to 7.88% in 2019[27] Cash Flow and Investments - The company reported a significant increase of 522.43% in net increase of cash and cash equivalents, totaling approximately ¥993 million[78] - The company's total investment during the reporting period was ¥4,483,350,982.28, representing a 150.95% increase compared to ¥1,786,547,363.68 in the previous year[86] - Investment cash inflow decreased by 29.18% to approximately ¥384 million, while investment cash outflow increased by 56.88% to about ¥3.27 billion, leading to a net cash outflow of approximately ¥2.89 billion[78] - Financing cash inflow surged by 137.61% to approximately ¥5.66 billion, primarily due to increased bank loans, while cash outflow from financing activities rose by 64.64% to about ¥2.39 billion[78] Revenue Breakdown - The revenue from sewage treatment was CNY 1,014,020.83 million, accounting for 47.17% of total revenue, with a slight decrease of 1.71% year-on-year[60] - The engineering construction and management segment saw revenue of CNY 780,032.17 million, a significant increase of 69.11% year-on-year[60] - The total revenue for the water and sewage treatment projects amounted to approximately ¥4.48 billion, with total costs reaching about ¥5.88 billion[96] Subsidiary Performance - The company reported a net loss of ¥4.29 million from its subsidiary Zhongyuan Environmental Heating Co., Ltd.[103] - The subsidiary Zhongyuan Environmental Water Denfeng Co., Ltd. generated a revenue of ¥27.39 million but incurred a net loss of ¥240,578.07[103] - Zhongyuan Environmental reported a total revenue of approximately CNY 2.15 billion for its subsidiary Zhongyuan Environmental Xinmi Water Co., with a net profit of CNY 3.87 million[107] - The company achieved a revenue of CNY 805 million for Zhengzhou East New District Water Co., with a net profit of CNY 114.86 million, reflecting a strong performance in the public utility sector[107] Strategic Initiatives - The company has established a comprehensive service model in the ecological environment sector, covering water supply, sewage treatment, and waste disposal, among others[40] - The company is focusing on technological innovation, having developed over 100 patents and software copyrights in areas such as sewage treatment and waste resource utilization[43] - The company has initiated several key projects, including the PPP project for comprehensive water environment governance in Xinyang, indicating a strategic focus on expanding its market presence[52] - The company aims to strengthen its talent pool and has established mechanisms for talent recruitment and development to support its growth strategy[45] Compliance and Governance - The company was awarded the highest level A for information disclosure by the Shenzhen Stock Exchange, indicating strong compliance and transparency[58] - The company emphasizes compliance management and risk control, establishing a comprehensive risk prevention mechanism[125] - The company will enhance its audit supervision system to ensure effective oversight of its operations and management[125] Market Outlook and Future Plans - The company provided guidance for 2021, projecting revenue growth of 15% to 18%, aiming for a total revenue between 1.725 billion and 1.77 billion[140] - The company plans to focus on high-tech, high-growth, high-value-added, and low-risk projects to drive sustainable development and innovation[122] - The company is actively pursuing new projects and partnerships to enhance its service capabilities and brand influence in the ecological environment sector[113] Environmental Compliance - The company adheres to the pollutant discharge standards set by the relevant environmental regulations[200] - The company is committed to improving the quality and efficiency of wastewater treatment facilities, aligning with national industry trends and policies[116]