BHWI(SZ:000605)2022-04-29 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,812,227,480.20, a decrease of 3.97% compared to CNY 1,887,061,359.95 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 11,440,683.51, down 43.34% from CNY 20,193,239.69 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -30,911,905.58, a decline of 330.06% compared to CNY 13,436,508.82 in 2020[18]. - Basic earnings per share decreased by 43.46% to CNY 0.0324 from CNY 0.0573 in the previous year[18]. - The company reported a significant uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[18]. - The company experienced a quarterly fluctuation in net profit, with a loss of CNY 5,248,095.08 in Q4 2021[23]. - The company reported a total revenue of CNY 517.94 million and a net profit of CNY 21.42 million for the reporting period[72]. - The company reported a total revenue of CNY 263.46 million with a net profit of CNY 27.51 million, reflecting a strong performance in the water supply business[72]. Cash Flow and Investments - The net cash flow from operating activities increased by 11.48% to CNY 160,585,790.94 from CNY 144,054,151.51 in 2020[18]. - The company experienced a significant increase in investment income, which rose by 769.96% to CNY 45,460,627.02, mainly due to adjustments in the scope of consolidation and changes in equity[39]. - The cash and cash equivalents net decrease was CNY 138,966,310.91, primarily due to changes in cash flows from operating, investing, and financing activities[40]. - Investment cash inflow surged by 151.56% to ¥235,598,800.80, primarily due to proceeds from the disposal of subsidiaries[57]. - Investment cash outflow increased by 51.57% to ¥480,725,117.12, mainly due to payments for subsidiary acquisitions[58]. Assets and Liabilities - Total assets at the end of 2021 were CNY 7,795,315,669.48, a decrease of 10.22% from CNY 8,682,654,178.09 at the end of 2020[18]. - The net assets attributable to shareholders increased by 3.83% to CNY 2,094,047,177.72 from CNY 2,016,866,452.78 in 2020[18]. - Long-term equity investments rose significantly to ¥886,621,969.13, representing 11.37% of total assets, an increase of 10.25% due to adjustments in the scope of consolidation and changes in equity[59]. - The company reported a significant increase in short-term borrowings to ¥1,498,446,535.47, which accounted for 19.22% of total assets, up from 17.09%, an increase of 2.13%[59]. - The company has a total external guarantee balance of CNY 11,137.82 million at the end of the reporting period[165]. Revenue Segments - The revenue from the heating segment surged by 99.93% to CNY 548,571,203.75, reflecting a significant growth in this area[42]. - The environmental governance revenue dropped by 46.34% to CNY 421,739,597.81, indicating challenges in this segment[42]. - The company’s revenue from Tianjin increased by 30.69% to CNY 1,295,000,018.85, while revenue from Hebei decreased by 41.98% to CNY 499,669,014.88[43]. Governance and Compliance - The company has established a comprehensive internal control management system, ensuring effective operation and compliance with relevant laws and regulations[83]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with national laws and regulations[84]. - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all investors[84]. - The company has established independent organizational structures, including a board of directors and a supervisory board, which operate independently from the largest shareholder[87]. - The company has implemented measures to facilitate shareholder engagement and address investor inquiries effectively[84]. Environmental Management - The company is classified as a key pollutant discharge unit by the environmental protection department[126]. - COD emissions from Tianjin Run Da Environmental Management Service Co., Ltd. totaled 58,400 kg, with a discharge concentration of 10.5 mg/l, which is below the standard[126]. - The company has received environmental impact assessment approvals for all its projects, ensuring compliance with environmental standards[130]. - The company has developed emergency response plans for environmental incidents, ensuring preparedness for potential environmental emergencies[130]. - No administrative penalties were reported during the reporting period due to environmental issues, reflecting the company's adherence to regulations[130]. Strategic Focus and Future Outlook - The company aims to expand its environmental energy business and enhance its competitiveness in hazardous waste disposal and resource utilization[35]. - The company plans to expand its solid waste and hazardous waste disposal business, aiming for increased operational scale and profitability[74]. - The financial outlook for the upcoming year remains positive, with expectations of continued revenue growth and market expansion[90]. - Future risks include industry policy changes, which could significantly impact market expansion and operational performance[75]. Employee and Management Structure - The total number of employees at the end of the reporting period was 1,382, with 39 in the parent company and 397 in major subsidiaries[110]. - The professional composition of employees includes 702 production personnel, 141 sales personnel, 195 technical personnel, 71 financial personnel, and 273 administrative personnel[110]. - The company has a diverse management team with expertise in environmental engineering, project management, and finance, enhancing its operational capabilities[98][99]. - The management team includes experienced professionals from the water industry, which is expected to drive future growth and innovation[94]. Shareholder Information - The total number of shares is 352,658,600, with 95.61% being unrestricted shares[175]. - The largest shareholder, Tianjin Xingjin Enterprise Management Co., Ltd., holds 22.46% of the shares, totaling 79,200,321 shares[180]. - The total number of shareholders at the end of the reporting period is 18,800[179]. - The actual controller of the company is the Tianjin Municipal Government State-owned Assets Supervision and Administration Commission[184].