NEW POWER(300152)2021-04-19 16:00Financial Performance - The company's operating revenue for 2020 was CNY 514,946,526, representing a slight increase of 0.30% compared to CNY 513,408,320 in 2019[17]. - Net profit attributable to shareholders for 2020 was CNY 12,991,452, marking an increase of 84.66% from CNY 7,035,498.48 in the previous year[17]. - The net profit excluding non-recurring gains and losses was CNY 7,231,353.81, a significant improvement of 107.73% compared to a loss of CNY 93,497,112 in 2019[17]. - Cash flow from operating activities increased by 126.87% to CNY 80,150,246.8, up from CNY 35,328,731.4 in 2019[17]. - Basic earnings per share rose to CNY 0.0182, an increase of 83.84% from CNY 0.0099 in 2019[17]. - The weighted average return on equity for 2020 was 1.93%, up from 1.06% in 2019[17]. - The company reported a total operating income of CNY 242,358,724 in Q4 2020, contributing to an annual total of CNY 514,946,524[20]. - The company reported total revenue of RMB 514.95 million for 2020, an increase of 0.30% year-on-year[50]. - The net profit attributable to the parent company was RMB 12.99 million, representing a significant growth of 84.66% compared to the previous year[50]. - The company reduced its operating costs by 5.02%, with total operating costs amounting to RMB 357.95 million[50]. Market and Strategic Focus - The company is focused on expanding its market presence and developing new technologies in environmental protection[5]. - Future outlook includes addressing potential risks as detailed in the report, emphasizing the importance of rational investment[5]. - The company is focusing on expanding its market presence in hazardous waste treatment and hydrogen energy sectors[32][33]. - The company’s strategic direction emphasizes becoming a comprehensive environmental service provider through technology and capital integration[27]. - The company aims to enhance its operational capabilities and optimize its equity structure for better financial health[84]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions[84]. - The company is focusing on the development of new technologies and products in the environmental technology sector[87]. - The company is positioned to benefit from the government's push for a green low-carbon economy, which is expected to drive future growth[93]. Environmental Initiatives - The company engaged in various environmental services, including energy-saving combustion, wastewater treatment, and waste incineration power generation[27]. - The company has completed the construction of an economical hydrogen refueling station, pending government approval for operation[33]. - The company has developed a comprehensive incineration treatment process for waste gas and waste liquid, which has entered the engineering promotion stage after successful R&D[40]. - The gas ultra-low nitrogen combustion technology achieved normal NOx emissions of 15-30 mg/m³, significantly improving efficiency without external flue gas circulation[41]. - The company has established pollution control facilities including SNCR denitrification system, semi-dry desulfurization system, activated carbon injection system, and bag filter system, all of which are operational and meet the emission standards[155]. - The company emphasizes compliance with national environmental protection standards and aims for "lawful production and standard emissions"[156]. - The company is focusing on expanding its services in water pollution control and waste management, aligning with national green development policies[93]. Challenges and Risks - The company faced operational challenges due to the COVID-19 pandemic, affecting the procurement of raw materials and the transportation of equipment[44]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[120]. - The company received a non-standard audit report from Zhongzheng Tiantong Accounting Firm, reflecting the current situation of the company[125]. - The company received a qualified audit opinion from Zhongzheng Tiantong Accounting Firm, which reflects the current situation of the company[127]. - The company has been actively upgrading its environmental protection facilities to address aging equipment issues and enhance control over abnormal operating conditions[156]. Shareholder and Governance - The total number of shareholders at the end of the reporting period was 55,702, with an increase from 57,686 at the end of January[168]. - The largest shareholder, Xu Zhou Feng Li Technology Development Investment Co., Ltd., holds 21.12% of the shares, totaling 150,514,615 shares, a decrease of 58,450,000 shares during the reporting period[169]. - The company has a commitment to maintaining its governance and operational integrity through its board and management team[184]. - The company’s management team includes experienced professionals with backgrounds in finance and law, enhancing its governance structure[184]. - The company has not reported any changes in its actual controller or major shareholders during the reporting period[173]. Research and Development - The company holds 338 national invention patents and has established a strong R&D team, enhancing its technological innovation capabilities[37]. - Research and development (R&D) expenses decreased by 30.77% to ¥11,249,060.84 compared to the previous year[63]. - The number of R&D personnel decreased to 50, making up 15.15% of the total workforce[68]. - The company is actively engaged in research and development of new technologies related to environmental protection and energy efficiency[89]. - The company is involved in a key national R&D project focused on the combustion technology of high-alkali coal, with expected completion of ignition tests by April-May 2021[39]. Financial Management - The company is focused on cash flow management and reduced short-term debt pressure during the pandemic, ensuring healthy financial operations[47]. - The company aims to improve its financial performance through strategic equity transactions[83]. - The company has committed to ensuring the independence of its assets and management, with ongoing compliance with these commitments[114]. - The company guarantees that there are no direct or indirect competitive businesses with its controlling entities, ensuring no conflicts of interest[115]. - The company has established an independent financial department and accounting system to ensure financial independence[114]. Corporate Social Responsibility - The company donated RMB 3.6 million for COVID-19 prevention efforts, enhancing its corporate image and brand awareness[46]. - The company has not initiated any poverty alleviation programs during the reporting year and has no subsequent plans[152]. - The company respects and protects the rights of stakeholders, promoting a balanced interest among shareholders, employees, and society[200].