HONGCHENG WATERWORKS(SH:600461) Shang Hai Zheng Quan Bao·2025-04-15 03:58Core Viewpoint - The company, Hongcheng Environment, reported a net profit of approximately 1.34 billion yuan for 2024, with a profit distribution plan proposing a cash dividend of 4.64 yuan per share, reflecting a focus on sustainable growth and shareholder returns [3][21]. Company Overview - Hongcheng Environment operates in the environmental protection industry, which has seen a total output value exceeding 2 trillion yuan in 2024, indicating a competitive and rapidly evolving market landscape [5][10]. - The company engages in various sectors including water supply, wastewater treatment, gas energy, and solid waste disposal, employing an integrated operational model [10][11][12][14][15]. Financial Performance - For 2024, the company achieved a consolidated net profit of 1,337,740,192.51 yuan, with the parent company's net profit at 1,189,979,284.26 yuan [3][21]. - The revenue from water supply and related engineering services was 498,687.34 million yuan, marking a year-on-year increase of 4.58%, while gas sales and installation revenue decreased by 2.14% to 228,527.86 million yuan [17]. Industry Trends - The environmental protection industry is transitioning from extensive growth to a focus on quality improvement and technological innovation, driven by government policies aimed at promoting green and low-carbon development [7][8]. - The company is adapting to market changes by shifting its business model from construction-focused to service-oriented, emphasizing operational efficiency and technological advancements [8][9]. Strategic Initiatives - The company is enhancing its service capabilities by integrating smart technologies and optimizing operational processes to improve service quality and efficiency [9][10]. - Hongcheng Environment is also focusing on expanding its market presence through strategic partnerships and technological innovations in areas such as solid waste management and wastewater treatment [15][16].