Chongqing Water(SH:601158) Zheng Quan Zhi Xing·2025-04-01 12:32Core Viewpoint - The company has successfully navigated challenges in 2024, maintaining steady growth and achieving key operational goals despite various difficulties in the water treatment industry [2][4][21]. Group 1: Board Activities and Major Decisions - The board held 16 meetings in 2024, discussing significant matters including annual reports, financial budgets, and major operational decisions [3]. - The company adhered to legal and regulatory requirements in its operations, ensuring compliance in decision-making processes [3][18]. Group 2: Operational and Development Status - The company focused on high-quality development, overcoming challenges and achieving a stable operational performance [4][5]. - Water sales volume reached 638 million cubic meters, a year-on-year increase of 2.36%, while sludge treatment sales volume increased by 6.26% to 623,200 tons [5]. - The company reported total revenue of 6.999 billion yuan and a net profit of 785 million yuan, with a debt-to-asset ratio of 49.06% [5][21]. Group 3: Financial Performance - The company’s revenue from wastewater treatment services accounted for 58.94% of total revenue, while water sales contributed 24.97% [5]. - The net profit attributable to shareholders decreased by 27.88% compared to the previous year, primarily due to changes in service pricing and reduced construction income [21][22]. - The company maintained a strong financial position with total assets of 33.863 billion yuan and net assets of 17.109 billion yuan [21]. Group 4: Reform and Governance - The company implemented significant reforms, reducing management layers and enhancing operational efficiency [6][9]. - A total of 11 new regulations were established, and 10 were revised to improve governance and compliance [6][9]. Group 5: Social Responsibility and Environmental Impact - The company adhered to strict water quality standards, achieving a wastewater treatment discharge of 1.692 billion cubic meters and significant reductions in pollutants [8]. - The company actively participated in community support and environmental initiatives, contributing 1.1922 million yuan to rural revitalization efforts [8]. Group 6: Future Outlook and Goals - For 2025, the company aims to achieve a revenue of no less than 7.25 billion yuan and maintain water quality standards at 100% [10]. - The company plans to invest a total of 1.18678 billion yuan in basic construction, renovation, and information technology projects [26].