HAITIAN CO.,LTD.(SH:603759)2024-03-19 16:00Financial Performance - The company's operating revenue for 2023 reached ¥1,276,695,029.87, representing a year-on-year increase of 7.53% compared to ¥1,187,293,536.09 in 2022[27]. - The net profit attributable to shareholders of the listed company was ¥241,982,875.12, an increase of 13.50% from ¥213,200,431.75 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥221,581,416.54, reflecting a growth of 14.98% compared to ¥192,716,983.68 in 2022[27]. - The net cash flow from operating activities decreased by 17.02% to ¥323,487,264.31 from ¥389,823,233.52 in 2022[27]. - The total assets at the end of 2023 amounted to ¥6,244,189,265.07, a 7.27% increase from ¥5,820,751,297.90 in 2022[28]. - The net assets attributable to shareholders of the listed company increased by 8.97% to ¥2,563,190,551.61 from ¥2,352,167,541.51 in the previous year[28]. - The basic earnings per share for 2023 was ¥0.52, up from ¥0.46 in 2022, marking a 13.04% increase[29]. - The diluted earnings per share also stood at ¥0.52, reflecting the same growth as the basic earnings per share[29]. - The weighted average return on equity increased to 9.89% from 9.38% in 2022, an increase of 0.51 percentage points[31]. - The company reported quarterly revenues of ¥352,936,209.08 in Q4 2023, with a net profit of ¥68,029,657.82 attributable to shareholders[32]. Dividend and Share Capital - The company plans to distribute a cash dividend of CNY 0.27 per share, totaling CNY 124,675,200, which represents 51.52% of the net profit attributable to shareholders for the year 2023[6]. - The total share capital of the company as of December 31, 2023, is 461,760,000 shares[6]. - The company does not plan to increase capital reserves or issue bonus shares[6]. - The company has a cash dividend policy that emphasizes continuity and stability, prioritizing cash dividends when conditions allow[156]. - The company has not proposed a capital reserve transfer plan or stock dividend for the reporting period[158]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[5]. - The board of directors and management guarantee the authenticity, accuracy, and completeness of the annual report[8]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has maintained compliance with its articles of association and shareholder resolutions regarding profit distribution, ensuring transparency and fairness for minority shareholders[157]. - The internal control audit report indicated that the company maintained effective financial reporting internal controls in all material aspects[164]. - The company has established a robust internal control system to ensure compliance with laws and regulations, enhancing operational efficiency and risk management[162]. Operational Developments - The company processed a total of 33,088.23 million cubic meters of wastewater, reflecting a 5.25% increase from the previous year[41]. - The company sold 90.89 million cubic meters of tap water, which is a 5.86% increase year-on-year[41]. - The company launched 19 national and provincial-level research projects, enhancing its technological innovation capabilities[42]. - The company signed a cooperation agreement for the sludge disposal center project in June 2023, aiming to promote resource utilization and pollution prevention[44]. - The company achieved wastewater treatment service revenue of CNY 793.22 million, accounting for 62.79% of total revenue[68]. - The company’s main business income from water supply and wastewater treatment services accounted for 93.87% of total revenue[68]. - The company is actively expanding its business into the photovoltaic wastewater sector, aligning with national carbon neutrality policies[45]. - The company is implementing smart water management through the integration of digital twin, big data, and AI technologies to enhance operational efficiency[46]. Legal Matters - The company is involved in a lawsuit where it is required to repay a loan principal of 22 million yuan and interest of 1,335,337.46 yuan as of April 29, 2022[197]. - The court ruled that the company must pay 22 million yuan directly to the plaintiff's account as part of the lawsuit outcome[198]. - The company is currently appealing the court's decision regarding the repayment obligations[197]. - A separate lawsuit involves a claim for 4.1 million yuan related to a transfer of funds, with a court hearing scheduled for March 14, 2024[198]. - The company faces a lawsuit for a remaining equity transfer payment of 7.791 million yuan and a penalty of 2,404,862 yuan, with a court date set for February 21, 2024[200]. - The company has been involved in multiple legal disputes affecting its financial obligations and potential liabilities[197][198][200]. - The company is appealing various court decisions, which may impact its financial position and operational strategy[198]. - The company has been actively managing its legal risks and financial liabilities through ongoing litigation[197][200]. Strategic Initiatives - The company aims to become a significant player in the environmental and clean energy sectors by leveraging synergies between its water and solid waste management operations[60]. - The company is focusing on diversifying its operations by integrating waste-to-energy and hazardous waste disposal into its core business[117]. - The company is developing a "4+2" operational system to modernize its brand and strengthen its competitive edge in the industry[118]. - The company is implementing a unified management platform to enhance operational efficiency and data analysis capabilities[120]. - The company is accelerating digital transformation by applying new technologies like big data and artificial intelligence in its water services[121]. - The company is collaborating with renowned universities to drive technological innovation and achieve breakthroughs in key technologies[122]. - The company is committed to enhancing its talent pool through internal training and external recruitment to foster a high-quality, innovative team[123]. Market and Competition - The company faces intensified market competition and regulatory challenges, which may impact its project acquisition and business expansion[124]. - The company is closely monitoring changes in national environmental policies to better adapt and seize development opportunities[126]. - The government has introduced new mechanisms to encourage private enterprises to participate in public-private partnerships (PPP) in the water industry, providing institutional support for private sector involvement[51]. Environmental and Social Responsibility - The company has been recognized as an "AAA-level low-carbon enterprise," reflecting its commitment to sustainable development and carbon neutrality[42]. - The company has invested 721.02 million yuan in environmental protection during the reporting period[166]. - The company achieved compliance with national discharge standards for wastewater treatment in regions including Sichuan, Henan, Xinjiang, and Yunnan[168]. - The company reduced carbon emissions by 3,198 tons through various measures such as energy-saving renovations and optimizing production processes[178]. - The company has actively engaged in social responsibility initiatives, including support for underdeveloped counties in Sichuan[180]. - The company implemented the accounting policy changes effective January 1, 2023, resulting in a deferred tax asset adjustment from ¥47,556,432.26 to ¥50,463,035.40, an increase of ¥2,906,603.14[189].