CECM(SZ:300385)2022-04-08 16:00Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.2 billion RMB, representing a year-on-year growth of 15%[21]. - The company's operating revenue for 2021 was ¥1,812,493,846.22, representing a 21.81% increase compared to ¥1,487,949,564.13 in 2020[28]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[150]. - The total operating revenue for 2021 reached ¥1,812,493,846.22, representing a year-on-year increase of 21.81% compared to ¥1,487,949,564.13 in 2020[66]. - The company achieved a quarterly revenue of ¥521,332,891.50 in Q4 2021, the highest among the four quarters[30]. - Revenue from waste incineration power generation accounted for 73.62% of total revenue, amounting to ¥1,334,278,216.62, with a year-on-year growth of 23.37%[66]. - The company achieved operating revenue of approximately 277 million yuan in waste treatment business, an increase of 28.63% compared to the same period last year[47]. - The company reported a net profit attributable to shareholders of ¥121,845,646.35, a significant turnaround from a loss of ¥335,643,313.67 in 2020, marking a 136.30% increase[28]. - The net profit attributable to shareholders in Q4 2021 was ¥65,662,358.37, showing strong performance in the last quarter[30]. - The company reported total operating revenue of 1.81 billion yuan, a year-on-year increase of 21.81%, and a net profit attributable to shareholders of 121.84 million yuan, up 136.30%[57]. User Growth and Market Expansion - The number of active users increased to 500,000, marking a 20% increase compared to the previous year[21]. - User data showed an increase in active users by 15%, reaching a total of 2 million users by the end of the fiscal year[150]. - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 10% increase in market share[21]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[150]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase the company's market share by 5%[150]. Research and Development - The company has invested 100 million RMB in R&D for new technologies, focusing on waste treatment solutions, which is expected to enhance operational efficiency by 25%[21]. - The company allocated 200 million RMB for research and development in the upcoming year to further enhance its technological capabilities[150]. - The company obtained 16 new patents related to its main technologies, with over half already applied to its products[49]. - The number of R&D personnel increased by 11.83% to 208 in 2021 from 186 in 2020, with R&D personnel now accounting for 26.53% of the total workforce[83]. - The company successfully developed new technologies, including high-efficiency SCR technology and a new type of fly ash treatment, enhancing product competitiveness[82]. Financial Management and Risk - The company emphasizes the importance of managing accounts receivable, which has increased by 18% to 300 million RMB, to maintain liquidity and reduce financial risk[11]. - The company is closely monitoring raw material prices, particularly steel, which constitutes a significant portion of production costs, to mitigate potential cost increases[9]. - The company acknowledges the risks associated with macroeconomic fluctuations and is committed to enhancing its risk management strategies to navigate potential challenges[5]. - The company has established a structured governance framework in compliance with relevant laws and regulations to enhance its governance level[121]. - The internal control system has been continuously improved, enhancing risk prevention capabilities and decision-making processes[181]. Operational Efficiency - The gross profit margin improved to 30%, up from 28% in the previous year, due to better cost management and operational efficiencies[21]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[150]. - The company aims to reduce operational costs by 15% through the implementation of new automation technologies[150]. - The company emphasizes refined management and implemented a comprehensive budget management system to enhance operational efficiency[52]. - The company will implement refined management and digital transformation to achieve cost reduction and efficiency improvement in 2022[113]. Corporate Governance - The company has a modern corporate governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team[135]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[131]. - The company has established an independent financial management center, ensuring separate financial operations from the controlling shareholder[134]. - The company has a governance structure that does not include differential voting rights arrangements[141]. - The company has not faced any penalties from securities regulatory authorities in the past three years[157]. Environmental Responsibility - The company is committed to contributing to national carbon peak and carbon neutrality goals through its comprehensive environmental protection initiatives[109]. - The company implemented online monitoring for hazardous waste emissions, ensuring compliance with environmental standards[193]. - The company reported a total of 4.42 tons of hazardous waste emissions, which were within the regulatory limits[193]. - Both companies have established emergency response plans for environmental incidents, with Nanjing Zhuoyue's plan updated in April 2020 and Shanghai Changying's in September 2021[199][200]. - The hazardous waste operating license for Nanjing Zhuoyue was renewed in May 2021, valid for three years[197]. Employee Management - The total number of employees at the end of the reporting period is 784, including 488 at the parent company and 296 at major subsidiaries[173]. - The professional composition includes 385 production personnel, 51 sales personnel, 208 technical personnel, 21 financial personnel, and 119 administrative personnel[174]. - The educational background of employees shows 1 with a doctorate, 16 with a master's degree, 182 with a bachelor's degree, 183 with a college diploma, and 402 with high school or below[174]. - The company’s training programs have been enhanced to improve employee skills and strengthen its competitive advantage[176]. Strategic Initiatives - The company plans to enhance its market development efforts by focusing on customer-centric service and exploring customer needs in 2022[111]. - The company aims to strengthen its core competitiveness through continuous technological innovation and collaboration with academic institutions in 2022[112]. - The company intends to optimize its personnel structure and enhance its talent strategy to build its soft power in 2022[114]. - The company will continue to promote corporate culture construction to strengthen employee cohesion in 2022[115].