福建海峡环保集团股份有限公司2024年年度报告摘要

Core Viewpoint - The company, Fujian Strait Environmental Protection Group Co., Ltd., has proposed a profit distribution plan for the year 2024, which includes a cash dividend of RMB 0.27 per 10 shares, amounting to a total of RMB 38,473,813.60, representing 20.06% of the net profit attributable to shareholders for the year [3][35][80]. Company Overview - The company primarily engages in wastewater treatment, responsible for the investment, operation, management, and maintenance of wastewater treatment facilities within its designated areas [5][13]. - The company operates 28 wastewater treatment facilities with a total designed capacity of 200.50 million tons per day, of which approximately 148.67 million tons per day is currently operational [13]. Industry Characteristics - The wastewater treatment industry is characterized by stable demand, relatively low sensitivity to economic cycles, and profitability that is less affected by fluctuations in energy and basic production material prices [6]. - The industry has significant regional characteristics, as wastewater treatment companies can only operate within the coverage of their sewage collection networks, leading to a monopolistic market structure in designated areas [7][8]. Financial Performance - For the reporting period, the company achieved operating revenue of RMB 1,215,878,138.00, a year-on-year increase of 15.35%, and a net profit attributable to shareholders of RMB 191,750,265.32, up 32.86% from the previous year [80]. - The company’s available distributable profit as of December 31, 2024, is RMB 995,509,128.87, which supports the proposed dividend distribution [3][75]. Profit Distribution Plan - The proposed profit distribution plan includes a cash dividend of RMB 0.27 per 10 shares, with a total of RMB 14,427,686.44 to be distributed based on the total share capital of 534,358,757 shares as of December 31, 2024 [3][35]. - The total cash dividend for 2024, including the mid-year distribution, amounts to RMB 38,473,813.60, which is less than 30% of the net profit, justified by the company's need to retain earnings for future projects and operational needs [75][82]. Future Development - The company is in a growth phase, focusing on expanding its business beyond its current advantageous regions, while also ensuring adequate retained earnings to support market expansion and project development [79][82]. - The company plans to utilize retained earnings for market development, project construction, and daily operational needs, ensuring sustainable growth and shareholder returns [82].