Financial Performance - For the fiscal year ending December 31, 2023, the group's revenue was approximately RMB 8,015.21 million, an increase of 1.51% compared to RMB 7,896.32 million in 2022[2]. - The net profit attributable to equity shareholders for the fiscal year was approximately RMB 2,463.71 million, a decrease of 36.04% from RMB 3,852.18 million in 2022[2]. - The profit from continuing operations attributable to equity shareholders was approximately RMB 801.24 million, down 12.47% from RMB 915.39 million in 2022[2]. - The gross profit for the year was RMB 2,178.71 million, compared to RMB 2,228.75 million in the previous year[4]. - The operating profit for the year was RMB 1,937.55 million, down from RMB 2,034.88 million in 2022[4]. - The total comprehensive income for the year was RMB 2,368.67 million, significantly lower than RMB 15,644.98 million in 2022[7]. - Basic earnings per share from continuing operations were RMB 1.36, down from RMB 2.12 in the previous year[6]. - The company reported a significant increase in other income, netting RMB 414.66 million compared to RMB 357.51 million in 2022[4]. - The financial expenses for the year were RMB 727.91 million, an increase from RMB 599.44 million in 2022[4]. - The company reported a pre-tax profit of RMB 2,872,104 thousand, with a significant portion attributed to various business segments[27]. Revenue Breakdown - Revenue from waste disposal services amounted to RMB 6,155,877,000 in 2023, compared to RMB 6,561,015,000 in 2022, indicating a decline of about 6.2%[21]. - The revenue from energy-saving equipment surged to RMB 1,427,830,000 in 2023, up from RMB 967,810,000 in 2022, reflecting a significant increase of approximately 47.5%[18]. - Revenue from new energy business reached RMB 104,693,000 in 2023, a substantial increase from RMB 5,734,000 in 2022, representing a growth of over 1,700%[18]. - The company has engaged in transactions with local government agencies in China, with revenue from these arrangements exceeding 10% of total revenue, amounting to RMB 3,810,860,000 in 2023[21]. - Revenue from external customers reached RMB 7,583,707 thousand, contributing to a total revenue of RMB 8,015,211 thousand[24]. Assets and Liabilities - Non-current assets increased to RMB 72,338,065 thousand in 2023 from RMB 66,016,132 thousand in 2022, representing an increase of approximately 3.9%[8]. - Total assets reported were RMB 80,460,379 thousand, an increase from RMB 75,379,877 thousand in the previous year[30]. - Total liabilities amounted to RMB 32,707,661 thousand, up from RMB 28,207,473 thousand year-over-year[30]. - The company's net asset value stood at RMB 47,752,718 thousand in 2023, compared to RMB 47,172,404 thousand in 2022, reflecting a growth of about 1.2%[11]. - Current liabilities, including bank loans, increased to RMB 1,267,507 thousand in 2023 compared to RMB 690,590 thousand in 2022, marking an increase of approximately 83.4%[11]. Cash Flow and Investments - The net cash generated from operating activities for the year 2023 was RMB 1,985.76 million, an increase of RMB 175.38 million compared to 2022, primarily due to the increase in the garbage power generation projects[119]. - The net cash used in investing activities for the year 2023 was RMB 4,574.38 million, a decrease of RMB 273.86 million compared to 2022, mainly due to reduced capital expenditures on properties, plants, equipment, and intangible assets[120]. - The net cash generated from financing activities for the year 2023 was RMB 1,378.17 million, a decrease of RMB 3,401.75 million compared to 2022, primarily due to the repayment of convertible bonds[120]. - The company signed four independent equity transfer agreements to acquire stakes in four entities engaged in garbage power generation and fly ash disposal projects for a total consideration of RMB 478.69 million[124]. Dividends and Shareholder Returns - The board of directors proposed a final cash dividend of HKD 0.20 per share, reduced from HKD 0.40 per share in 2022[2]. - The company declared a final dividend of HKD 0.20 per share for 2023, totaling approximately RMB 328,042,000, compared to RMB 647,794,000 in 2022[63]. - The company repurchased a total of 3,039,500 shares during the reporting period, at a total cost of HKD 18,731,410[136]. Operational Highlights - The group received approximately 16.037 million tons of municipal waste, representing a year-on-year increase of 32%[85]. - The group processed about 13.71 million tons of municipal waste, reflecting a year-on-year growth of 33%[85]. - The total electricity generated was approximately 4.469 billion kWh, which is a year-on-year increase of 29%[85]. - The group added 15 new machine sets that operated continuously for over 365 days during the reporting period[85]. - The company has established multiple facilities with processing capacities ranging from 110,000 tons to 490,000 tons per year, with the latest facility in Hebei scheduled to be completed in November 2023[60][88]. Future Outlook and Strategy - The company plans to implement a new five-year development plan starting in 2024, focusing on improving quality and efficiency while safeguarding shareholder interests[130]. - The group aims to enhance operational quality in the waste disposal sector through standardized and lean management practices, seeking both external and internal growth opportunities[131]. - In the new energy sector, the company intends to strengthen market system construction and enhance market share in the power battery and energy storage battery consumption markets[132]. - The company is actively pursuing expansion in various provinces, with several projects currently under application for approval[60]. Compliance and Governance - The company confirmed compliance with the corporate governance code as per the listing rules during the reporting period[138]. - The board of directors has adopted a standard for securities trading that meets or exceeds the requirements of the listing rules[139]. - The annual performance for the year ending December 31, 2023, has been reviewed by the audit committee[140].
海螺创业(00586) - 2023 - 年度业绩