2021-03-29 16:00Financial Performance - The company's operating revenue for 2020 was ¥3,315,021,211.14, a decrease of 4.15% compared to ¥3,458,591,061.22 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥303,160,989.32, down 28.49% from ¥423,929,691.12 in 2019[19]. - The net cash flow from operating activities decreased by 21.12% to ¥974,142,244.55 in 2020 from ¥1,234,997,113.16 in 2019[19]. - The basic earnings per share for 2020 was ¥0.34, a decline of 29.17% compared to ¥0.48 in 2019[19]. - The total assets at the end of 2020 were ¥10,424,153,481.19, reflecting a slight increase of 0.28% from ¥10,395,432,084.42 at the end of 2019[19]. - The weighted average return on net assets for 2020 was 6.85%, down from 10.11% in 2019, indicating a decrease in profitability[19]. - The company received government subsidies amounting to ¥50,709,765.82 in 2020, compared to ¥59,903,817.06 in 2019[24]. - The total operating revenue for 2020 was approximately ¥3.32 billion, a decrease of 4.15% compared to ¥3.46 billion in 2019[45]. - The net profit attributable to shareholders was RMB 303.16 million, down 28.49% year-on-year, with a net profit of RMB 270.39 million after deducting non-operating gains and losses, a decline of 25.19%[36]. Dividend Policy - The company reported a cash dividend of 1.10 RMB per 10 shares based on a total of 879,267,102 shares, amounting to a total distribution of approximately 96.7 million RMB[5]. - The cash dividend for 2020 represents 31.90% of the net profit attributable to ordinary shareholders, which is RMB 303,160,989.32[99]. - The cash dividend policy has been consistent, with 2019's dividend being RMB 1.50 per 10 shares, totaling RMB 131,890,065.30, representing 31.11% of the net profit[98]. - In 2018, the company distributed RMB 1.40 per 10 shares, totaling RMB 123,097,394.28, which accounted for 30.18% of the net profit[97]. - The company has maintained a cash dividend payout ratio above 80% in line with its mature development stage and absence of major capital expenditure plans[100]. Environmental Commitment - The company is committed to environmental protection and waste management, focusing on hazardous waste treatment and recycling services[14]. - The company processed over 9,000 tons of medical waste during the pandemic, contributing to local epidemic prevention efforts[36]. - The company has established a comprehensive wastewater treatment system, achieving stable reductions in chemical oxygen demand and heavy metals, ensuring compliance with discharge standards[158]. - The company has achieved certification for its quality, environment, and occupational health and safety management systems, covering major operational activities related to hazardous waste management[151]. - The company has implemented a reliable environmental monitoring plan and has passed environmental acceptance for seven units, including Xingye Dongjiang and Weifang Dongjiang[157]. - The company has actively engaged in environmental education and community involvement, organizing various activities for World Environment Day[155]. - The company has developed and introduced new environmental technologies to enhance waste treatment and resource recycling, including advanced wastewater treatment and waste gas collection systems[158]. - The company has committed to continuous improvement in environmental information transparency, with real-time monitoring systems linked to government departments[159]. Operational Efficiency - The company aims to expand its market presence and enhance its service offerings through strategic partnerships and technological advancements[14]. - The company is focused on developing new technologies and products to improve its service efficiency and environmental impact[14]. - The company achieved a reduction in financial expenses by ¥22.22 million year-on-year through measures such as issuing medium-term notes and replacing high-interest debt[40]. - The company launched a "hazardous waste operation management information platform" across 7 subsidiaries, enhancing compliance and operational efficiency[40]. - The company has established 7 provincial and municipal-level technology research and development platforms in the past five years, enhancing its innovation capabilities[31]. Market Expansion - The company plans to enhance pandemic prevention measures, focus on key project construction, and drive technological innovation to explore new profit growth points[20]. - The company is actively pursuing the acquisition of the Xiongfeng Environmental project to expand into the precious metal recovery market[38]. - The company is focusing on expanding its hazardous waste operation qualifications to achieve stable revenue growth[89]. - The company plans to complete relevant state-owned asset review procedures within 12 months and will reasonably influence controlled enterprises to avoid substantial competition with Dongjiang Environmental Protection[106]. - The company has completed a strategic acquisition of a competitor for 200 million, expected to enhance operational efficiency[165]. Shareholder Relations - The company has a dedicated investor relations email for inquiries, indicating its commitment to transparency and communication with stakeholders[15]. - The company has established a shareholder return plan for 2018-2020, which has been approved by the shareholders' meetings[96]. - The company guarantees that all related transactions with listed companies will be fair and conducted according to normal commercial practices[102]. - The company has committed to avoiding any actions that may harm the interests of East Jiang Environmental Protection and its minority shareholders during its control period[104]. - The company will ensure that any business opportunities that may compete with East Jiang Environmental Protection will be transferred to it[104]. Safety and Compliance - The company emphasizes the importance of safety and environmental protection in its operations, continuously improving its safety responsibility system[93]. - The company maintained a stable safety and environmental management situation, with a 62.5% year-on-year decrease in accident rates and no major safety incidents reported[41]. - The company has identified environmental risk points and developed emergency response plans, conducting training and drills as required[181]. - Environmental monitoring plans were established in compliance with national regulations, with monitoring results publicly disclosed[182]. - The company strictly implemented the environmental protection "three simultaneous" system and obtained hazardous waste operation permits from local ecological environment authorities[180]. Research and Development - The company’s R&D investment amounted to ¥145,260,572.84, representing 4.38% of operating revenue, a decrease of 10.16% compared to the previous year[56]. - The company applied for 63 new patents and received 81 new patent authorizations during the reporting period, with two achievements recognized as internationally leading[42]. - The company is investing 50 million in R&D for new technologies aimed at reducing emissions by 30% over the next three years[164]. - The company is committed to technological innovation, establishing national and provincial key laboratories to enhance its R&D capabilities[90]. - The company is actively developing high-margin resource utilization technologies to maintain its industry-leading position[90]. Legal and Regulatory Matters - The company has no significant accounting errors that require retrospective restatement during the reporting period[113]. - The company has no major litigation or arbitration matters during the reporting period, with ongoing cases involving amounts of 119.77 million RMB and 154.37 million RMB respectively[118]. - The company has no penalties or rectification situations during the reporting period[119]. - The company has no bankruptcy reorganization matters during the reporting period[117]. - The company has no changes in accounting policies or estimates compared to the previous year[112].