2020-04-22 16:00Financial Performance - The company's operating revenue for 2019 was ¥3,458,591,061.22, representing a 5.31% increase compared to ¥3,284,080,652.02 in 2018[18]. - The net profit attributable to shareholders for 2019 was ¥423,929,691.12, a 3.93% increase from ¥407,917,006.14 in 2018[18]. - The net cash flow from operating activities increased by 37.58% to ¥1,234,997,113.16 in 2019, up from ¥897,658,614.67 in 2018[18]. - The total assets at the end of 2019 were ¥10,395,432,084.42, reflecting a 6.68% increase from ¥9,744,457,681.11 at the end of 2018[18]. - The net profit excluding non-recurring gains and losses for 2019 was ¥361,422,588.12, an 11.75% increase from ¥323,431,535.09 in 2018[18]. - The basic earnings per share for 2019 was ¥0.48, a 2.13% increase from ¥0.47 in 2018[18]. - The total revenue for 2019 was CNY 2,210,633,262.30, representing a year-on-year increase of 4.02% compared to CNY 2,125,240,410.09 in 2018[57]. - The company reported a significant increase in cash flow from operating activities, indicating strong operational performance[65]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) based on a total of 879,267,102 shares[5]. - The cash dividend amount for 2019 was RMB 131,890,065.30, representing 31.11% of the net profit attributable to ordinary shareholders[105]. - The total cash dividend distributed was 100% of the distributable profit amounting to RMB 1,359,220,177.94[106]. - The cash dividend for 2018 was RMB 123,097,394.28, which accounted for 30.18% of the net profit attributable to ordinary shareholders[105]. - The cash dividend for 2017 was RMB 142,823,116.42, representing 30.17% of the net profit attributable to ordinary shareholders[105]. - The company plans to distribute profits primarily through cash dividends, with a minimum of 20% of the distributable profits allocated for cash dividends each year[112]. - The company has committed to distributing no less than 30% of the average annual distributable profits over three years in cash[112]. Operational Capacity and Expansion - The company plans to expand its hazardous waste treatment capacity and enhance service capabilities in key regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[29]. - The company has established 28 hazardous waste treatment and disposal bases across 9 provinces, serving approximately 30,000 clients, which is a year-on-year increase of 15.4%[43]. - The company’s hazardous waste operating capacity exceeds 1.9 million tons per year, with incineration capacity of approximately 300,000 tons per year and landfill capacity of about 180,000 tons per year[43]. - The company has a total design capacity exceeding 20,000 tons/year from completed and under-construction projects, with over 80% of this capacity dedicated to incineration and landfill, aligning with its strategic focus on enhancing harmless disposal capabilities[45]. - The company is actively exploring new market opportunities and optimizing existing operations to enhance market share amid increasing industry competition[45]. - The company is focusing on expanding its hazardous waste disposal services, particularly in medical waste, laboratory waste, and chemical waste, leveraging 20 years of core technology in the hazardous waste sector[93]. - The company aims to expand its overseas market presence, particularly in Hong Kong and Macau, in response to the "Belt and Road" initiative, promoting its advanced technologies abroad[94]. Technological Innovation and R&D - The company is focusing on technological innovation and service integration to enhance its business model and operational efficiency[29]. - The company has developed multiple core technologies for waste treatment and resource recovery, enhancing its competitive edge in the industry[34]. - Research and development expenses rose by 39.12% to CNY 127,360,440.74, reflecting the company's commitment to innovation in response to competitive pressures in the environmental industry[62]. - The company added 68 new authorized patents during the reporting period, bringing the total to 338, including 11 invention patents[49]. - The company is focusing on R&D for advanced waste treatment technologies to improve operational efficiency and environmental impact[176]. Environmental Commitment and Compliance - The company is committed to environmental protection and sustainable development through its various business operations[9]. - The company has implemented a comprehensive EHS system to ensure employee health and safety, strictly adhering to national occupational health regulations[160]. - The company has achieved significant improvements in resource utilization and CO2 emissions reduction through its circular economy and energy-saving initiatives[167]. - The company’s wastewater treatment facilities have successfully reduced chemical oxygen demand (COD) and ammonia nitrogen levels, achieving compliance with discharge standards[170]. - The company has implemented real-time monitoring systems for pollution discharge, ensuring transparency and adherence to environmental regulations[170]. - The company has established emergency response plans for environmental incidents, ensuring preparedness and compliance with legal requirements[189]. - The company has adhered to pollutant discharge permit systems, timely renewing permits and fulfilling discharge reporting obligations[188]. Corporate Governance and Management - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[4]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a commitment to investors, highlighting the associated risks[5]. - The company has implemented changes in accounting policies and estimates, which were approved by the board of directors[114]. - The company is actively managing potential competition with its subsidiaries to avoid conflicts of interest[110]. - The company has established a talent development system that combines professional skills and leadership, continuously providing high-quality talent for its development[159]. Subsidiaries and Investments - The company has a total of 70 subsidiaries, expanding its operations through new establishments, mergers, and acquisitions, covering key industrial waste markets in China[33]. - The company appointed Xinyong Zhonghe Accounting Firm with an audit fee of 1.35 million CNY, maintaining a continuous service period of 15 years[126]. - The company has established three new subsidiaries: Jieyang Dongjiang, Huizhou Dongtou, and Zhuhai Dongjiang, while two subsidiaries were deregistered[125]. - The company approved a capital increase of RMB 50 million to its associate company, Ousheng Green Fuel (Jieyang) Co., Ltd., with the first phase of RMB 11.13 million to be paid by January 3, 2020[143]. Safety and Risk Management - The company emphasizes a strong commitment to safety and environmental protection, establishing long-term mechanisms for risk management and safety training[96]. - In 2019, the company did not experience any major safety production responsibility accidents or significant environmental pollution incidents[160]. - The company has conducted emergency drills in collaboration with local government agencies to enhance its emergency response capabilities[161].