清新环境(002573) - 2018 Q4 - 年度财报

Financial Performance - The company reported a total revenue of 1,081,272,100 RMB for the year 2018, with a cash dividend distribution of 1 RMB per 10 shares to all shareholders[5]. - The company's operating revenue for 2018 was CNY 4,087,726,428.90, a decrease of 0.16% compared to 2017[24]. - The net profit attributable to shareholders for 2018 was CNY 524,917,581.60, down 19.45% from the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 484,890,254.30, a decrease of 19.40% year-on-year[24]. - The basic earnings per share for 2018 were CNY 0.4855, reflecting a decrease of 20.04% compared to 2017[24]. - The total assets at the end of 2018 were CNY 10,729,693,544.90, down 15.22% from the end of 2017[24]. - The net assets attributable to shareholders increased by 9.95% to CNY 4,654,558,738.04 at the end of 2018[24]. - The company reported a significant increase in non-recurring gains from the disposal of non-current assets amounting to CNY 45,793,386.35 in 2018[30]. - The company has consistently implemented a cash dividend policy, distributing ¥108,127,210 in cash dividends for the 2018 fiscal year, maintaining a clear and transparent process[136]. - The remaining undistributed profits for 2018 amounted to ¥2,345,119,106.23, which will be carried forward to future years[138]. Business Operations - The company has maintained its main business operations without any changes since its listing[22]. - The company has not experienced any changes in its controlling shareholders during the reporting period[22]. - The company has a total of 1,081,272,100 shares outstanding as of the reporting date[5]. - The company has appointed Xinyong Zhonghe as its auditing firm for the reporting period[23]. - The company’s financial advisor has not changed during the reporting period[23]. - The company has established strategic partnerships with over ten quality peers in the industry to promote the development of ultra-low emission projects in coal-fired power plants[52]. - The company is actively expanding its business into steel, non-ferrous metals, and petrochemical industries for pollution control and wastewater treatment[36]. - The company has developed several advanced environmental technologies, including high-efficiency desulfurization technology and zero-water wet desulfurization technology[36]. Market and Industry Position - The company has maintained a leading position in the ultra-low emission transformation of coal-fired power plants, with significant order acquisition and operational metrics ranking among the top in the industry[39]. - The non-electric market is expected to remain prosperous, contributing to stable growth in the company's main business[39]. - The company is facing rapid growth in the environmental protection industry, with increasing competition and risks associated with market changes and policy implementations[124]. - The company anticipates stable growth in its business due to stringent national pollution discharge standards and ongoing market demand in the non-electric sector[60]. Research and Development - The company holds 101 authorized patents, including 21 invention patents and 80 utility model patents, demonstrating its strong innovation capabilities[44]. - The company is focusing on developing key technologies in air, water, and solid waste management to meet environmental improvement demands[95]. - The company’s new technologies, such as the SPC-3D technology for desulfurization and dust removal, have successfully helped over 600 units achieve ultra-low emissions[68]. - The company has successfully developed and applied the SPC-3D technology, which has been implemented in over 600 coal-fired units, providing a cost-effective solution for ultra-low emissions[46]. Financial Management - The company is addressing cash management risks stemming from rising accounts receivable due to explosive growth in EPC engineering business, with measures to improve collection rates[126]. - The company is focused on mitigating risks related to mergers and acquisitions by conducting thorough feasibility studies and enhancing internal control management[127]. - The company has significant capital expenditure plans, indicating a growth phase[142]. - The company’s liquidity has been enhanced through related party debts, supporting market expansion and project development[178]. Subsidiaries and Investments - The company established several new subsidiaries during the reporting period, including Xiong'an Fresh Smart Technology Co., Ltd. and Guizhou Fresh Wanfeng Energy Technology Co., Ltd., which are now operational with no significant impact on overall performance[121]. - The company invested approximately RMB 59 million to acquire a 10.93% stake in Beijing Bico Measurement Technology Co., Ltd., and established a new subsidiary in Xiong'an New Area[64]. - The company has established several subsidiaries focused on environmental technology, including Tianjin Xinqingyuan Environmental Technology Co., Ltd. with an investment of ¥10,000,000.00 and a 100% ownership stake[110]. - Guizhou Qingxin Wanfeng Energy Technology Co., Ltd. was established with an investment of ¥51,000,000.00, holding a 51% stake, focusing on air pollution control and catalysts[110]. Risk Management - Management risks are anticipated due to the diversification of business models and an increase in employee numbers, necessitating enhanced management practices and training[125]. - The company is focused on developing new technologies and products in the environmental sector, aiming for long-term operational sustainability[110]. - The company has not reported any fundraising activities during the reporting period[120]. Corporate Governance - The company respects and protects the legitimate rights of stakeholders, including employees, suppliers, and customers, promoting cooperation and communication to balance interests and achieve sustainable development[199]. - The company strictly adheres to information disclosure obligations, ensuring that information is disclosed in a truthful, accurate, complete, timely, and fair manner[200]. - The company has implemented changes in accounting policies as per the Ministry of Finance's requirements for the 2018 financial statements[151].