洪城环境2024年净利增10%至12亿元，董事长邵涛降薪超六成

Core Viewpoint - Hongcheng Environment (SH600461) has released its 2024 annual report, showing modest growth in revenue and net profit, alongside a notable increase in cash flow from operating activities. Financial Performance - The company achieved operating revenue of 8.23 billion yuan in 2024, a year-on-year increase of 2.22% compared to 2023 [1] - The net profit attributable to shareholders reached 1.19 billion yuan, up 9.89% from the previous year [2] - The net profit after deducting non-recurring gains and losses was 1.16 billion yuan, reflecting a growth of 12.72% year-on-year [2] - The net cash flow from operating activities was 1.97 billion yuan, an increase of 14.19% compared to 2023 [2] Asset and Equity Position - By the end of 2024, the net assets attributable to shareholders were 9.39 billion yuan, an increase of 18.34% from the end of 2023 [2] - Total assets amounted to 24.74 billion yuan, representing a year-on-year growth of 7.99% [2] Expense Management - Management expenses for 2024 were 353 million yuan, a decrease of 3% compared to the previous year [3] - Financial expenses were 208 million yuan, down 21% year-on-year [3] - The expense ratio was 11.29%, a decline of 1.44 percentage points from the previous year [3] Business Segment Performance - Water supply business generated revenue of 991 million yuan, a growth of 2.66% [3] - Wastewater business revenue was 2.5 billion yuan, increasing by 4.24% [3] - Gas sales revenue was 1.99 billion yuan, a slight decline of 0.78% [3] - Solid waste business revenue reached 778 million yuan, up 1.44% [3] - Wastewater environmental engineering revenue surged to 1.04 billion yuan, a significant increase of 39.6% [3] - Gas engineering installation revenue was 298 million yuan, down 10.36% [3] Management Compensation - Total remuneration for directors, supervisors, and senior management in 2024 was 5.38 million yuan [4] - The highest-paid individual, the chairman and general manager, received 477,900 yuan [4]