五年营收净利年均增超10% 兴蓉环境谱写出高质量发展范本

Core Viewpoint - Xingrong Environment has demonstrated steady growth in its 2024 annual report, with significant increases in revenue and net profit, showcasing its robust business model in the water supply and environmental protection sectors [1][2][4]. Financial Performance - In 2024, the company achieved operating revenue of approximately 9.049 billion yuan, a year-on-year increase of 11.90% [1]. - The net profit attributable to shareholders reached 1.996 billion yuan, reflecting a growth of 8.28% [1]. - Earnings per share were reported at 0.67 yuan, up by 8.06% compared to the previous year [1]. - From 2020 to 2024, the compound annual growth rates for operating revenue and net profit were 13.93% and 11.35%, respectively [1][2]. Business Segments - The wastewater treatment service revenue was approximately 3.641 billion yuan, marking a 20.42% increase, with a gross margin of 41.63% [4]. - The company processed 1.384 billion tons of wastewater, a 9.72% increase year-on-year [4]. - In the water supply segment, the company sold 1.15 billion tons of water, a 7.62% increase, generating revenue of 2.620 billion yuan [4]. - The revenue from waste incineration power generation grew by 10.51%, with a gross margin of 48.07% [5]. Strategic Initiatives - The company has launched a dividend plan for 2024, proposing a cash dividend of 1.87 yuan per 10 shares, a 10% increase from 2023 [3]. - Xingrong Environment is expanding its market presence by initiating new water supply and drainage projects in various regions and acquiring projects related to kitchen waste disposal [5][6]. - The company is focusing on digital transformation and innovation, with a significant increase in R&D investment, amounting to 54.88 million yuan, a 355.05% increase from 2023 [8]. Future Outlook - The company is expected to continue its growth trajectory with several projects set to commence operations in the coming years, including new water treatment facilities and waste incineration projects [6]. - Xingrong Environment aims to enhance its operational efficiency and management through the implementation of smart technologies and standardized processes [9][10].