同兴环保(003027) - 2023 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2023 was ¥775,192,044.84, a decrease of 17.38% compared to ¥938,268,077.77 in 2022[23]. - The net profit attributable to shareholders for 2023 was ¥25,543,725.72, down 78.69% from ¥119,881,718.18 in 2022[23]. - Basic earnings per share for 2023 were ¥0.19, a decline of 79.35% compared to ¥0.92 in 2022[23]. - The company reported a weighted average return on equity of 1.51% for 2023, down 5.78 percentage points from 7.29% in 2022[23]. - The company experienced a quarterly revenue of ¥241,856,924.51 in Q4 2023, with a total annual revenue of ¥775,192,044.84[27]. - The net profit attributable to shareholders in Q4 2023 was -¥2,563,384.22, indicating a challenging financial environment[27]. - The company reported a significant increase of 162.34% in other business operating costs, rising to 1,815,129.72 CNY from 691,901.34 CNY in the previous year[75]. - The catalyst product gross margin decreased due to price reductions aimed at increasing market share amid intensified competition[58]. - The company reported a total revenue of 1,554 million in 2023, showing a significant increase compared to previous years[142]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2023, representing a year-over-year increase of 15%[146]. Dividend Distribution - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares to all shareholders, based on a total of 131,620,400 shares[4]. - The cash dividend distribution represents 100% of the total distributable profit of RMB 10,000,000.00[173]. Environmental Commitment - The company is focused on environmental protection technologies, particularly in flue gas treatment and emission reduction[13]. - The company aims to achieve ultra-low emissions standards in its operations, aligning with national regulations[13]. - The company operates in an industry focused on pollution control, with significant regulatory emphasis on reducing emissions and achieving carbon neutrality[33]. - The company provides comprehensive ultra-low emission solutions for non-electric industries, including dust removal, desulfurization, and denitrification projects[43]. - The company has developed the TX-1 absorbent technology for CCUS, achieving international advanced levels in 2023[42]. - The CCUS project at the largest coal-fired power plant in China, Taizhou Power Plant, has been operational since June 2023, with a carbon capture capacity of 500,000 tons[37]. - The company has achieved a waste gas treatment efficiency of 99.5% through bag dust collectors and a spray tower, with an absorption efficiency of approximately 80% for nitrogen gas[189]. - The company has implemented measures to reduce carbon emissions by improving processes and using energy-efficient equipment[190]. Research and Development - Research and development expenses increased by 10.23% to 62,098,391.37 CNY in 2023, compared to 56,333,537.47 CNY in 2022[81]. - The company applied for 7 invention patents and 36 utility model patents during the reporting period, reflecting ongoing innovation in air pollution control technology[65]. - The company has established technology innovation platforms, including an enterprise technology center and a postdoctoral research station[55]. - The company is committed to continuous innovation and aims to stabilize and evaluate the performance parameters of sodium-ion battery materials for large-scale production[126]. - The company has invested 12 million in R&D for new technologies in 2023, with plans to increase this investment by 20% annually[139]. Market Expansion and Strategy - The company has a strong focus on market expansion and strategic partnerships to enhance its competitive position[13]. - The company plans to expand its business into the cement, chemical, and paper industries while focusing on carbon reduction technologies and new material development[123]. - The company aims for a recovery in performance growth by seizing market opportunities in ultra-low emission renovations, particularly in the steel, coking, and cement sectors[124]. - The company is actively pursuing carbon peak and carbon neutrality strategies, emphasizing pollution reduction and carbon emission control[57]. - The company is exploring potential acquisitions to enhance its service offerings, with a budget of 200 million RMB allocated for this purpose[146]. Governance and Management - The company emphasizes the importance of risk management in its futures trading, addressing various risks including price fluctuation and liquidity risks[108]. - The company has established a complete organizational structure, including a shareholders' meeting, board of directors, and management team, ensuring effective and independent operations[136]. - The company has a robust governance structure that ensures independent oversight by the board and audit committee[182]. - The management team is stable and experienced, ensuring a clear strategic direction and effective decision-making processes[53]. - The company has implemented a performance evaluation system for senior management, linking their compensation to the company's operational results[178]. Employee and Labor Management - The total number of employees at the end of the reporting period was 683, including 451 from the parent company and 232 from major subsidiaries[167]. - The professional composition included 431 production personnel, 38 sales personnel, 112 technical personnel, 13 financial personnel, and 89 administrative personnel[168]. - The company has a training program that combines internal and external training to enhance employee skills and organizational competitiveness[170]. - The company has a well-defined labor management system, ensuring compliance with labor laws and providing training for employee development[195]. Financial Management and Cash Flow - The company reported a net cash flow from operating activities of CNY 82,205,738.66, a decrease of 26.30% compared to the previous year[87]. - The company has established a stable and efficient marketing service network, fostering long-term relationships with clients[48]. - The company has not reported any significant changes in its hedging strategy compared to the previous reporting period[107]. - The company has a robust financial accounting system and management practices in accordance with relevant laws and regulations[135]. Safety and Environmental Compliance - The company has not experienced any environmental accidents during the reporting period[193]. - The company has a noise control strategy in place, ensuring compliance with environmental noise standards[187]. - The company has established a hazardous waste storage facility of 85 square meters, ensuring proper disposal of non-recyclable hazardous waste[190]. - The company has a safety production investment plan, with a total reward of 32,900 yuan for safety and quality advancements in the past year[198].