SHREG(000803)2025-04-22 15:35Company Overview - The company is listed on the Shenzhen Stock Exchange under the stock code 000803[14]. - The company’s legal representative is Xie Xin, and the registered address is in Nanchong, Sichuan Province[14]. - The company has undergone a change in its registered address as of April 29, 2021[14]. - The company’s main office is located in Jinan, Shandong Province, with additional offices in Beijing and Nanchong[14]. - The company’s website is https://www.000803.cn, and the email for investor relations is ir@belg.com.cn[14]. Financial Performance - The company reported no cash dividends, stock bonuses, or capital reserve transfers for the fiscal year[5]. - The company's operating revenue for 2024 was ¥1,449,072,156.30, a decrease of 31.04% compared to ¥2,101,413,082.72 in 2023[19]. - Net profit attributable to shareholders for 2024 was ¥13,037,644.49, an increase of 47.30% from ¥8,851,101.26 in 2023[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,254,868.02, a significant improvement of 119.10% compared to -¥27,510,799.45 in 2023[19]. - The net cash flow from operating activities for 2024 was ¥373,885,367.05, down 51.47% from ¥770,346,036.91 in 2023[19]. - Basic earnings per share for 2024 increased by 50.00% to ¥0.03 from ¥0.02 in 2023[20]. - Total assets at the end of 2024 were ¥5,203,034,507.35, a decrease of 3.60% from ¥5,397,247,479.53 at the end of 2023[20]. - The weighted average return on net assets for 2024 was 0.92%, up from 0.62% in 2023[20]. Operational Highlights - The company reported a quarterly operating revenue of ¥416,414,141.10 in Q1 2024, with a net profit of ¥8,772,491.10[24]. - In Q2 2024, the company experienced a net loss of ¥43,774,924.82, despite an operating revenue of ¥373,445,571.70[24]. - The company has achieved a daily processing capacity of 5,490 tons for kitchen waste, ranking among the top in the domestic market[49]. - The company operates multiple large-scale kitchen waste treatment projects across over 20 cities, including Jinan, Qingdao, and Yantai[49]. - The company has secured long-term operating contracts, with service periods ranging from 20 to 30 years for various projects[50][52]. Strategic Focus - The company plans to continue its focus on the organic waste treatment and resource utilization sectors, reflecting its strategic shift in business operations[18]. - The company is focusing on resource utilization as a key development trend in the kitchen waste processing industry, which not only reduces risks associated with waste but also offers significant economic value[33]. - The company is leveraging its technological capabilities and financial resources to lead the industry during this period of rapid growth, aligning with national policies promoting sustainable waste management[36]. - The company aims to enhance its organic waste treatment and resource utilization business, aligning with national goals of achieving a 60% resource utilization rate for urban household waste by 2025[124]. Market and Industry Trends - The market for kitchen waste processing is expected to grow rapidly due to improved waste classification policies and the establishment of a regulatory framework for kitchen waste management, enhancing the company's operational environment[33]. - The company is positioned to benefit from the "dual carbon" goals set by the government, which aim for carbon peak by 2030 and carbon neutrality by 2060, driving growth in the kitchen waste resource utilization industry[30]. - The potential supply of Used Cooking Oil (UCO) in China exceeds 6 million tons, with less than half currently developed, indicating substantial growth opportunities in the biodiesel sector[40]. - The company is actively pursuing opportunities in the biogas and biodiesel markets, supported by favorable government policies[125]. Research and Development - The company is committed to ongoing research and development of new products to meet market demands[112]. - The company is focusing on the development of technologies for the resource utilization of kitchen waste, in line with the government's waste classification initiatives[124]. - The company has ongoing research and development efforts for new products and technologies, although specific details were not provided in the content[100]. Environmental Compliance - The company strictly adhered to various environmental protection laws and standards during its operations, confirming its status as a key pollutant discharge unit[178]. - The company has established a comprehensive environmental impact assessment process for construction projects, ensuring all necessary approvals are obtained[179]. - The company has implemented strict monitoring of pollutant emissions to ensure compliance with industry standards[179]. - The company has obtained valid pollution discharge permits for its subsidiaries, with expiration dates ranging from 2025 to 2030[179]. Governance and Management - The company has a structured remuneration system based on job responsibilities, performance, and company policies[153]. - The board of directors includes independent directors and various professionals with extensive experience in finance and law[148][149][150]. - The company has established a legal service team to enhance its compliance and risk management capabilities[149]. - The company has implemented a comprehensive performance evaluation system for its management team to ensure accountability and effectiveness[153]. Community Engagement - The company provided financial assistance to a retired soldier affected by a fire in Sichuan Province, demonstrating its commitment to social responsibility[191]. - Gansu Chinei, a subsidiary, was awarded the "Waste-Free Enterprise" honor for its contributions to green development and waste-free initiatives in Lanzhou[192]. - The company engaged in educational activities, hosting over 100 students from Taiyuan University to promote waste classification and the importance of proper waste disposal[193]. - The company actively participated in poverty alleviation efforts, providing heating fee reductions for three underprivileged households in its service area[196].