Financial Performance - For the fiscal year ending December 31, 2023, the group's revenue was approximately RMB 1,881.56 million, an increase of 8.79% compared to RMB 1,729.60 million in 2022[2]. - The net profit attributable to equity shareholders for the fiscal year was approximately RMB 264.13 million, a decrease of 19.63% from RMB 328.66 million in 2022[2]. - Basic earnings per share for 2023 were RMB 0.14, down from RMB 0.18 in 2022[2]. - The company's net asset value increased to RMB 3,710,190 thousand from RMB 3,387,634 thousand, marking a growth of about 9.5%[10]. - The total equity attributable to shareholders rose to RMB 2,993,037 thousand from RMB 2,728,907 thousand, representing an increase of approximately 9.7%[10]. - The company reported a decrease in total comprehensive income for the year, totaling RMB 304.01 million, down from RMB 360.46 million in 2022[5]. - The company's pre-tax profit decreased by 14.19% to RMB 352.27 million in 2023 from RMB 410.53 million in 2022[53]. - The net profit for the year was RMB 304.01 million, reflecting a decline of 15.66% compared to RMB 360.46 million in the previous year[53]. Revenue Breakdown - Revenue from industrial solid waste disposal services was RMB 568,674 thousand, up from RMB 463,153 thousand, indicating a growth of about 22.8%[17]. - Revenue from hazardous waste disposal services totaled RMB 1,047,377 thousand, slightly down from RMB 1,057,841 thousand, reflecting a decrease of approximately 1.5%[17]. - The revenue from industrial hazardous waste disposal services was RMB 1,220.16 million, a decrease of 1.75% year-on-year[55]. - The revenue from industrial solid waste disposal services increased by 22.78% to RMB 568.67 million, driven by new project investments[55]. Expenses and Costs - The group's gross profit for 2023 was RMB 893.57 million, compared to RMB 910.14 million in 2022, indicating a decline in gross profit margin[4]. - Operating profit for the year was RMB 453.08 million, down from RMB 497.56 million in 2022[4]. - Total service costs increased to RMB 987,986,000 in 2023 from RMB 819,458,000 in 2022, a rise of 20.56%[23]. - Employee costs rose to RMB 423,300,000 in 2023, up from RMB 386,393,000 in 2022, reflecting an increase of 9.55%[22]. - Financial expenses increased by 10% to RMB 101.50 million, mainly due to new bank loans[61]. - Administrative expenses were RMB 312.54 million, a slight decrease of 0.63% year-on-year[60]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 8,003.39 million, compared to RMB 7,217.07 million in 2022[6]. - The company's non-current assets, including property, plant, and equipment, increased to RMB 7,057.25 million from RMB 6,366.19 million in 2022[6]. - Current liabilities rose to RMB 2,676.33 million in 2023, compared to RMB 1,979.08 million in 2022[8]. - The total liabilities of the company as of December 31, 2023, were RMB 5,702.08 million, up 10.74% from the previous year[72]. - The company's total borrowings as of December 31, 2023, amounted to RMB 4,257.99 million, an increase of RMB 483.30 million year-over-year, primarily due to project development and increased bank loans[70]. Dividends and Shareholder Information - The board of directors proposed a final cash dividend of HKD 0.03 per share for the fiscal year 2023[2]. - The company proposed a dividend of HKD 0.03 per share for the year ending December 31, 2023, totaling approximately RMB 49,662,000[38]. - The annual general meeting of shareholders is scheduled for June 26, 2024[93]. Market and Project Development - The company has actively expanded its market presence by signing contracts for key projects in economically developed regions[44]. - The group has established and operated 82 environmental projects across 22 provinces, with a processing capacity of approximately 9.4363 million tons per year[40]. - The group signed four hazardous waste disposal projects during the reporting period, involving a total processing capacity of approximately 418,000 tons per year[41]. - The company has focused on optimizing market allocation and improving processing efficiency through the establishment of a regional hazardous waste database[43]. - The company is actively pursuing new projects to enhance its processing capabilities and expand its market presence[47]. Compliance and Governance - The company confirmed compliance with corporate governance rules during the reporting period[95]. - The audit committee reviewed the company's annual performance for the year ending December 31, 2023, and found no disagreement with the accounting practices adopted[98]. - There were no significant post-reporting events affecting the company as of the announcement date[95].
海螺环保(00587) - 2023 - 年度业绩