ZPUG(SZ:000685)2022-04-27 16:00Financial Performance - The company reported a total revenue of 1,475,111,351 shares, with a cash dividend distribution of 3.00 CNY per 10 shares (including tax) for all shareholders[5]. - The company's operating revenue for 2021 was approximately ¥2.37 billion, representing an increase of 8.58% compared to ¥2.18 billion in 2020[31]. - The net profit attributable to shareholders for 2021 was approximately ¥1.47 billion, up 6.61% from ¥1.37 billion in 2020[31]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.46 billion, reflecting a 7.65% increase from ¥1.36 billion in 2020[33]. - The total assets at the end of 2021 were approximately ¥22.49 billion, a 7.67% increase from ¥20.89 billion at the end of 2020[33]. - The company's basic and diluted earnings per share for 2021 were both ¥0.99, an increase of 6.45% from ¥0.93 in 2020[33]. - The weighted average return on equity for 2021 was 10.06%, slightly down from 10.12% in 2020[33]. - The company achieved a net cash flow from operating activities of ¥518,822,836.01, a decrease of 11.53% compared to the previous year[121]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥698,879,359.09, up 35.77% year-on-year[121]. Business Operations - The company has not experienced significant changes in its main business since its listing, maintaining a stable operational focus[27]. - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the report's approval[5]. - The company has outlined potential risks and strategies for future development in its management discussion and analysis section[5]. - The company operates 1 landfill and has the first-level qualification for solid waste treatment, with a focus on enhancing the efficiency of waste-to-energy processes[57]. - The company is focusing on a "dual-core dual-wheel" strategy to drive high-quality development in municipal and industrial environmental protection and new energy sectors[64]. - The company has established a strategic partnership with Guangfa Securities, holding a 10.33% stake, and has set up multiple funds for environmental mergers and acquisitions[63]. Environmental Commitment - The company has a commitment to environmental and social responsibility, as indicated in its annual report[12]. - The company reported a significant focus on the environmental protection industry, which is expected to maintain rapid growth due to increased government investment and regulatory support[46]. - The water services sector is highlighted as a key growth area, with government policies promoting infrastructure investment and digital transformation in the industry[47]. - The company is positioned to benefit from the "dual carbon" strategy, which aims to enhance water resource management and environmental governance[46]. - The company achieved an average daily water supply of 175.6 thousand tons and an average daily sewage treatment capacity of 83.7 thousand tons, serving a population of 4 million[57]. - The solid waste treatment capacity reached 792 thousand tons per year, with an annual power generation of 345 million kWh from waste incineration[57]. Investments and Acquisitions - The company acquired a 51% stake in Zhongshan Environmental Protection Science Research Institute, expanding its environmental technology consulting services[72]. - The company signed a contract to acquire a 51% stake in Zhongshan Environmental Protection Science Research Institute for ¥9,943,883.24, making it a subsidiary[99]. - The company has invested a total of ¥102,284,432.49 in various wastewater treatment projects during the reporting period, with a cumulative actual investment of ¥239,762,561.04[144]. - The company has committed to a total investment of ¥170,107,100.00 for the Lankai City Urban-Rural Drainage Integration Project, with ongoing funding from its own resources[145]. - The company has established a joint venture for the Min San Lian Wei watershed governance project with a bid amount of ¥2.8 billion, with total operational costs of ¥273 million over five years[140]. Financial Management - The company has established an independent financial department and maintains a separate financial accounting system, ensuring compliance with tax regulations[200]. - The company has a total of 4 independent directors, in accordance with the guidelines for establishing an independent director system in listed companies[193]. - The company has implemented a robust investor relations management strategy, utilizing multiple communication channels to enhance investor understanding and confidence[196]. - The company has maintained a clear separation from its controlling shareholder in terms of personnel, assets, finance, organization, and business operations[198]. - The company has not engaged in any related party transactions that could compromise fairness and reasonableness[192]. - The company has strengthened insider information management, ensuring compliance with regulations regarding insider information disclosure[198]. Project Development - The company has actively engaged in communication with public investors regarding its operational development during the reporting period[188]. - The company has faced delays in project completion due to site planning issues, affecting the expected revenue timeline[144]. - The company has not generated any revenue from the ongoing projects due to trial operations and pending approvals[144]. - The company has adjusted the fundraising project allocations, reallocating CNY 28,605.97 million from the Dongfeng Xinghua Agricultural Market Upgrade and Phase II of the Agricultural Products Trading Center to the garbage treatment project due to changes in feasibility[155]. - The company reported that the Huangpu Agricultural Market Upgrade project did not meet expected benefits due to disputes over rental income with the tenant[154].