物产环能(603071) - 2024 Q4 - 年度财报

Fundraising and Utilization - The total amount of funds raised by the company was RMB 154,865.84 million, with a net amount of RMB 148,823.46 million after deducting issuance costs of RMB 6,042.38 million[1]. - As of December 31, 2023, the balance of raised funds was RMB 28,340.47 million, with RMB 3,340.47 million in special accounts and RMB 25,000.00 million temporarily used to supplement working capital[3]. - The company approved the use of up to RMB 34,000.00 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months[9]. - As of December 31, 2023, the company had returned RMB 24,500.00 million of the temporarily used funds back to the special account[11]. - The company has established a management method for raised funds to ensure compliance with relevant laws and regulations[4]. - The company has not used any over-raised funds for permanent working capital or to repay bank loans during the reporting period[13]. - The company has not engaged in any pre-investment replacement of raised funds with self-raised funds during the reporting period[8]. - The company has implemented a special account storage system for raised funds to protect investor rights[4]. - The total amount of raised funds is ¥154,865.84 million, with ¥17,933.35 million invested in the current year[31]. - Cumulative investment in raised funds amounts to ¥120,502.25 million, representing a deviation of -¥28,321.21 million from the planned investment[31]. - The company has not engaged in any external transfer or replacement of raised fund investment projects during the reporting period[19]. - The company has complied with all relevant regulations regarding the management and use of raised funds, with no violations reported[25]. - The company has not experienced any significant changes in the use of raised funds during the reporting period[18]. - The special report on the use of raised funds has been prepared in accordance with regulatory requirements and reflects the actual situation fairly[22]. - The company has achieved 100% utilization of raised funds for working capital, amounting to ¥10,000 million[31]. - The company has no instances of using excess raised funds for permanent working capital supplementation or repaying bank loans during the reporting period[33]. - The company’s idle raised funds for temporary working capital as of December 14, 2023, amounted to 250 million RMB, with a usage period not exceeding 12 months[33]. Project Investment and Progress - The company has invested a total of RMB 72,833.07 million in projects that have reached the predetermined usable state, with an additional RMB 2,326.06 million paid in interest for project loans[15]. - The remaining balance of the special account related to the completed projects was RMB 2,004.69 million, with a cumulative surplus of RMB 10,004.69 million[15]. - The public heating and power project of Zhejiang Wuchan Shanying Thermal Power Co., Ltd. has been delayed, with the expected operational date pushed from December 2022 to December 31, 2024[16]. - The investment progress for the public heating project is at 69.99%, with a total investment of ¥37,669.18 million against a planned amount of ¥54,700.26 million[31]. - The biomass incineration project has achieved an investment progress of 94.75%, with a total investment of ¥52,111.56 million against a planned amount of ¥55,000 million[31]. - The company’s projects, Jinhua Jinyi and Taizhou Tais, have cumulatively invested 728.33 million RMB and have reached the predetermined usable state as of December 31, 2023[33]. - The company’s air compression project under Taizhou Tais achieved revenue of 120.45 million RMB this year, meeting the expected performance indicators[35]. - The company’s investment in the Shanying Thermal Power project has been delayed due to downstream customer demand being affected by industry cycles, with the expected completion date postponed to December 31, 2024[33]. - The company has not experienced any major changes in the feasibility of its fundraising projects during the reporting period[33]. Financial Performance - The company achieved operating revenue of 129 million RMB for the Jinhua Jinyi New District Agricultural and Forestry Biomass Power Generation Project, but the performance did not meet expectations due to several factors, including a short production ramp-up period and lower-than-expected biomass electricity price subsidies[35]. - As of December 31, 2023, the balance of the special account for raised funds related to the projects was 20.05 million RMB, with a total surplus of 80.05 million RMB, including interest and cash management income[34]. - The company has returned a total of 345 million RMB of temporarily used raised funds to the special account ahead of schedule as of December 13, 2023[33].