WELL.E(SZ:300190)2021-04-09 16:00Profit Distribution - The company reported a profit distribution plan based on a base of 781,584,171, proposing a cash dividend of 1 RMB per 10 shares (including tax) and no bonus shares[11]. - The total cash dividend amount for 2020 is RMB 78,158,417.10, which represents 21.87% of the net profit attributable to shareholders[152]. - The cash dividend distribution plan for 2020 is set at RMB 1 per 10 shares, based on a total of 781,584,171 shares[150]. - The company has maintained a consistent cash dividend policy, with the 2019 cash dividend amounting to RMB 78,378,495.70, which was 24.75% of the net profit[152]. - The total distributable profit for 2020, after accounting for the legal surplus reserve, is RMB 587,668,663.71[149]. - The company has not proposed any stock dividend or capital reserve transfer for the current fiscal year[145]. - The independent directors confirmed that the profit distribution plan aligns with the interests of shareholders and does not harm investor rights[146]. Financial Performance - The company's operating revenue for 2020 was approximately ¥3.20 billion, representing a 17.29% increase compared to ¥2.73 billion in 2019[23]. - The net profit attributable to shareholders for 2020 was approximately ¥357.31 million, up 12.82% from ¥316.71 million in 2019[23]. - The net cash flow from operating activities increased by 85.57% to approximately ¥362.71 million in 2020, compared to ¥195.46 million in 2019[23]. - The total assets at the end of 2020 reached approximately ¥9.81 billion, a 21.08% increase from ¥8.10 billion at the end of 2019[23]. - The company's net assets attributable to shareholders increased by 9.70% to approximately ¥4.28 billion at the end of 2020, compared to ¥3.90 billion at the end of 2019[23]. - The basic earnings per share for 2020 was ¥0.46, reflecting a 15.00% increase from ¥0.40 in 2019[23]. Business Strategy and Market Position - The company aims to enhance its core technology and maintain a competitive edge by focusing on practical technology engineering transformation[6]. - The company plans to strengthen cooperation with large state-owned enterprises to leverage resources and improve operational performance[6]. - The company is actively pursuing mergers and acquisitions to expand its business and market presence, while also recognizing the associated financial risks[9]. - The company is focused on improving its sales capabilities and project execution to maintain its leading position in the environmental protection industry[6]. - The company is aware of the competitive pressures from strong state-owned enterprises entering the environmental sector and is strategizing to mitigate these risks[6]. - The company is committed to tracking and analyzing industry policy changes to seize opportunities and enhance competitiveness[8]. Technological Innovation and R&D - The company emphasizes the importance of technological innovation and R&D to support its production and development goals[6]. - The company is focused on expanding its business in organic waste resource utilization and industrial energy conservation, aiming to enhance its competitive position in the market[33]. - The company has developed advanced treatment processes for leachate and wet waste, positioning itself as an expert in organic waste resource utilization[33]. - The company plans to continue leveraging digital transformation and innovation to improve service offerings and operational efficiency[33]. - The company is committed to developing integrated solutions for leachate treatment, aiming for a comprehensive approach to waste management[40]. - The company is focusing on optimizing industrial anaerobic processes to enhance market share and operational performance in the industrial energy-saving sector[44]. - The company has developed advanced anaerobic fermentation technologies and has undertaken several large-scale biogas projects, solidifying its position in the biogas and natural gas engineering field[44]. Financial Management and Risks - The company acknowledges the risk of high accounts receivable due to an increasing number of recognized income projects, emphasizing the need for effective management to avoid liquidity issues[10]. - The company reported a growing trend in accounts receivable, which poses a risk of cash flow shortages if not managed properly[10]. - The company has focused on improving accounts receivable collection, particularly for older projects, to enhance cash flow[63]. - The company has strengthened its management system, enhancing operational efficiency and risk management across subsidiaries[62]. - The company is actively pursuing industrial wastewater treatment orders to further diversify its business portfolio and improve financial performance[40]. Investment and Expansion - The company has made significant investments in construction projects, including the completion of the Changchun project and increased investment in the Dunhua Zhongneng construction[48]. - The company has established over 30 stable operational projects in kitchen waste treatment, enhancing its market presence and technical capabilities in this area[42]. - The company is expanding into new business sectors, with significant market potential for the multi-combination membrane scale-up device[84]. - The company has completed the technical research for low-cost harmless landfill and leachate treatment technology, including the construction of two engineering demonstration projects[84]. - The company is actively developing new markets in low-concentration gas catalytic oxidation for industries such as sludge drying, oil recovery, and pharmaceuticals[45]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[183]. - The wastewater treatment system processes domestic sewage and landfill leachate, achieving compliance with GB16889-2008 standards[185]. - The company has fully implemented environmental protection facilities as per the environmental impact report approval[183]. - The company has established a self-monitoring plan for pollution sources and is complying with environmental monitoring requirements[188]. - The company has developed emergency response plans for environmental incidents and submitted them for local environmental department approval[187]. Shareholder and Corporate Governance - The company has engaged Xinyong Zhonghe Accounting Firm for auditing services, with a fee of 1.15 million CNY, maintaining a relationship for 10 years[160]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period, indicating financial stability[158]. - The company has adhered to its commitments regarding related party transactions and competitive practices, ensuring compliance with legal and regulatory standards[156]. - The company has not faced any non-standard audit reports during the reporting period, reflecting sound financial practices[159]. - The company reported no significant litigation or arbitration matters during the reporting period[161].