永清环保(300187) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 999,022,553.21, representing a 33.39% increase compared to CNY 748,975,168.80 in 2020[19]. - The net profit attributable to shareholders for 2021 was CNY 70,134,098.47, a significant increase of 115.45% from CNY 32,552,291.00 in 2020[19]. - The basic earnings per share for 2021 was CNY 0.1088, up 115.45% from CNY 0.0505 in 2020[19]. - The total assets at the end of 2021 reached CNY 3,913,698,281.92, marking a 6.59% increase from CNY 3,671,896,684.08 at the end of 2020[19]. - The net cash flow from operating activities for 2021 was CNY 237,763,162.43, a 9.38% increase from CNY 217,377,835.79 in 2020[19]. - The company achieved a total revenue of CNY 999.02 million in 2021, representing a year-on-year growth of 33.39%[59]. - The net profit attributable to shareholders was CNY 70.13 million, with a significant increase of 115.45% compared to the previous year[59]. - Environmental operation services generated revenue of CNY 591.43 million, marking a 97.53% increase year-on-year[61]. - The company reported a total operating cost of ¥730,397,882.73, which is a 35.40% increase from the previous year[72]. Dividend Distribution - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares to all shareholders, based on a total of 644,500,165 shares[5]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, with a per-share dividend of CNY 0.80[172]. - The company has not made any adjustments to its profit distribution policy during the reporting period[170]. - The company plans to distribute a cash dividend of 0.80 CNY per 10 shares, based on a total share capital of 644,500,165 shares, pending approval at the 2021 annual general meeting[173]. Market Expansion and Strategy - The company is exploring market expansion opportunities both domestically and internationally to enhance its service reach[15]. - The company has set ambitious performance guidance for the upcoming fiscal year, aiming for a revenue growth of over 15%[15]. - The company is focused on expanding its environmental protection services, aligning with national carbon peak and carbon neutrality goals[13]. - The company aims to expand its business across the entire environmental service industry chain, including soil remediation, hazardous waste treatment, and renewable energy[51]. - The company plans to enter two new regional markets, which are projected to generate an additional 200 million yuan in revenue[148]. - The company will focus on four major metropolitan areas: Yangtze River Delta, Beijing-Tianjin-Hebei, Pearl River Delta, and Chengdu-Chongqing for market expansion[111]. Research and Development - The company is committed to ongoing research and development of new products to meet evolving environmental standards[15]. - The company has filed for 2 authorized patents related to heavy metal in-situ biological fixation and stabilization repair technology[79]. - Research and development expenses increased by 96.32% to 31,475,489.22 yuan compared to the previous year, primarily due to increased R&D investments by subsidiaries[77]. - The number of R&D personnel increased to 118 in 2021, a 100% increase from 59 in 2020, with R&D personnel now accounting for 16% of the total workforce[82]. - The company’s R&D investment in 2021 amounted to ¥31,475,489.22, representing 3.15% of operating revenue, an increase from 2.14% in 2020[83]. Environmental Impact and Compliance - The company processed a total of approximately 79.93 million tons of waste across its two waste-to-energy projects in Hengyang and Xinyu, resulting in a reduction of about 19.98 million tons of CO2 equivalent emissions[194]. - The company achieved zero environmental accidents across all its facilities, maintaining compliance with environmental management standards[192]. - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its significant role in environmental management[187]. - The company is continuously monitoring its environmental impact and compliance with pollution discharge standards[187]. - The company has improved its environmental monitoring management system, ensuring transparency and public oversight of its emissions data[193]. Operational Efficiency and Management - The company emphasizes the importance of maintaining transparency and accuracy in its financial reporting and disclosures[4]. - The company is actively managing its cost structure, with a notable increase in other costs due to the implementation of accounting standards[72]. - The company is focused on internal control and financial status, ensuring compliance with relevant laws and regulations[161]. - The management team is responsible for daily operations and has established a performance evaluation incentive system linked to business performance[127]. - The company has established a governance structure that complies with legal and regulatory standards, ensuring independence from the controlling shareholder[130]. Risks and Challenges - The company has outlined potential risks it may face in the future, detailed in the management discussion and analysis section of the report[5]. - The company faces operational risks due to macroeconomic uncertainties and industry policy changes, which may impact its growth in various environmental sectors[113]. - The company is facing risks of reduced gross margins due to intensified market competition in soil remediation, air governance, and industrial solid waste management, with increasing participation from strong state-owned and private enterprises[114]. - Recent acquisitions require comprehensive integration of acquired companies to align with the company's strategic goals, facing potential risks in human resources and financial management[116]. Corporate Governance and Shareholder Engagement - The company held 6 supervisory board meetings during the reporting period, ensuring compliance with laws and regulations to protect shareholder rights[125]. - The company actively engages with investors, hosting performance briefings and conducting on-site research to gather feedback[128]. - The annual shareholders' meeting had a participation rate of 61.47%, approving key reports and financial decisions[132]. - The company has established a three-year shareholder return plan for 2021-2023, aiming to provide consistent returns to shareholders[157]. - The company has implemented a salary management system for senior management, which is subject to board approval and performance evaluations[151]. Social Responsibility and Community Engagement - The company has established the "Yongqing Environmental Scholarship" to reward outstanding graduate students in environmental science and technology, promoting environmental education[197]. - The company is committed to rural revitalization efforts, engaging employees in purchasing agricultural products to support local farmers and enhance rural development[198]. - The company emphasizes corporate culture by organizing various activities to boost employee morale and cohesion[196]. - The company actively participates in public welfare initiatives, such as the "Rural Teacher Training" fundraising campaign, to support education in rural areas[197].