Securities code: Welle Environmental Group Co.Ltd(300190) securities abbreviation: Welle Environmental Group Co.Ltd(300190) Announcement No.: 2022011 bond Code: 123049 bond abbreviation: convertible bond
Welle Environmental Group Co.Ltd(300190) 2021 annual report summary I. important tips the summary of this annual report is from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
The audit opinion of ShineWing Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company was changed from ShineWing accounting firm (special general partnership) to ShineWing accounting firm this year. Tips of non-standard audit opinions □ applicable √ not applicable the company was not profitable when it was listed and is not profitable at present □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting provident fund into share capital in the reporting period reviewed by the board of directors √ applicable □ not applicable the profit distribution plan of ordinary shares reviewed and approved by the board of directors is: Based on 78158762000, distribute cash dividend of 1.00 yuan (including tax) to all shareholders for every 10 shares, 0 bonus shares (including tax) will be given, and 0 shares will be added to all shareholders for every 10 shares with capital reserve. Profit distribution plan for preferred shares in the reporting period adopted by the board of directors □ applicable √ not applicable
2、 Basic information of the company 1. Company profile
Stock abbreviation Welle Environmental Group Co.Ltd(300190) stock code Welle Environmental Group Co.Ltd(300190)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zhu Min, Shen Juan
Office address: No. 156, Hanjiang Road, Changzhou
Fax: 051985125883
Tel: 051989886102
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
During the reporting period, the company adhered to the positioning of "resource expert of organic waste", paid attention to the resource utilization of organic waste, focused on its main business, continued to rely on enterprise digital transformation and R & D innovation, strive to provide customers with cost-effective engineering and technical services, and continuously improve the company's competitiveness and industry status.
(I) main business of the company
During the reporting period, there was no significant change in the company's main business. The business segments of the company mainly include landfill leachate treatment, wet waste treatment, biogas and biological natural gas business, industrial energy conservation and VOCs treatment business, etc.
The details of each business segment are as follows:
1. Landfill leachate treatment
Landfill leachate is a liquid with high concentration of organic or inorganic components produced by rainfall, snowfall and groundwater seepage after fermentation and other reactions in the process of garbage stacking and landfill. It has the characteristics of complex pollutant composition, high concentration and high content of heavy metal ions. The demand for landfill leachate treatment mainly comes from landfill sites and waste incineration plants. Relying on high-efficiency leachate treatment processes such as split membrane biochemical reactor and its derivative process, the company provides customers with comprehensive solutions for landfill leachate treatment system to achieve standard treatment and discharge of landfill leachate.
2. Wet waste treatment
Wet waste is divided into food waste and kitchen waste. Kitchen waste refers to food waste, catering residues, food processing waste, inedible animal and vegetable oils and various oil-water mixtures in daily families, schools, units, public canteens and restaurant catering industry. Kitchen waste refers to perishable organic waste such as fruits and vegetables, food leftovers, leftovers, melon and fruit skins discarded in family daily life. Its main source is the family kitchen. Through the combination of mechanical separation, leaching, anaerobic and other processes, the company can realize the resource, harmless and reduction treatment of kitchen and kitchen waste.
3. Biogas and biogas business
Hangneng environment, a subsidiary of the company, processes livestock manure, crop straw, fruit and vegetable waste, kitchen waste, distiller's grains and other organic wastes through combined processes such as pretreatment, anaerobic and biogas purification to produce biogas. At the same time, the biogas slurry and biogas residue produced by the treatment can be recycled, and finally realize the harmless treatment and resource utilization of organic wastes.
4. Industrial energy saving
Welle Environmental Group Co.Ltd(300190) energy, a subsidiary of the company, mainly provides frequency conversion energy-saving, gas power generation, waste heat recovery and utilization and other related industrial energy-saving services for high energy consumption industries such as steel, cement, electric power, petrochemical and glass. Its main business mode is contract energy management mode. 5. Oil and gas recovery and VOCs treatment
Dule refrigeration, a subsidiary of the company, mainly provides R & D, design, manufacturing, installation and commissioning services of special equipment for oil and gas recovery for PetroChina, Sinopec and other petrochemical enterprises, as well as VOCs emission control services for other industrial enterprises. Its products mainly include oil and gas recovery system of oil depot, oil and gas recovery system of wharf, oil and gas recovery system of refinery, oil and gas recovery system of gas station and other industrial VOCs management systems.
(II) business model of the company
The company's main business models include EPC, O & M, EMC, BOT, PPP, equipment sales and other models.
1. EPC mode
EPC mode is the abbreviation of system design, procurement and construction mode. It is the most common project contracting mode in the environmental protection engineering industry. According to the engineering technical process requirements, construction and operation environment and the special requirements of customers, the company provides customers with customized services for overall engineering design, main equipment manufacturing, auxiliary equipment procurement and overall installation and construction, that is, EPC mode, which is commonly referred to as "turnkey" service.
2. O & M (entrusted operation) mode
Operation & maintenance mode refers to that the owner signs the entrusted operation contract to hand over the operation and maintenance work to the company for completion; The company is responsible for the daily operation of the facilities, and the owner pays the service cost and entrusted management remuneration to the company.
3. BOT mode
BOT mode is the mode of "construction + operation + handover". Under this mode, the owner and the company sign a concession agreement, and the company undertakes the investment, construction, operation and maintenance of environmental protection projects. Within the period specified in the agreement, the company will charge the owner regularly, so as to recover the investment, financing, construction, operation and maintenance costs of the project and obtain reasonable returns. At the end of the concession period, The company will hand over the whole set of fixed assets of the project to the owner free of charge.
4. Equipment sales model
According to the actual situation and different needs of customers, based on technology and experience, provide customers with targeted and customized scheme design and services, produce and purchase corresponding energy-saving and environmental protection equipment, sell them to customers, and hand them over to customers after installation, commissioning and operation on the project site to solve relevant problems of customers.
5. PPP mode
PPP (public private partnership), that is, the mode of public-private cooperation, is a long-term cooperative relationship established between the government and social capital in the field of infrastructure and public services. The general mode is that social capital undertakes most of the work of designing, constructing, operating and maintaining infrastructure, and obtains a reasonable return on investment through "user payment" and necessary "government payment"; Government departments are responsible for the price and quality supervision of infrastructure and public services to ensure the maximization of public interests.
6. EMC model
EMC mode is the contract energy management mode. The energy-saving service company and the energy consuming unit agree on the energy-saving objectives of the energy-saving project in the form of contract. The energy-saving service company provides necessary services to the energy consuming unit to achieve the energy-saving objectives, and the energy consuming unit pays the investment of the energy-saving service company and its reasonable profit with the energy-saving benefits.
(III) main operating conditions during the reporting period
During the reporting period, the company actively responded to various difficulties and challenges caused by the repeated epidemic situation, and steadily promoted various work according to the company's development strategic planning, combined with the company's actual business needs and business layout, and in accordance with the business plan and key work arrangement formulated at the beginning of the year. In 2021, the company realized an operating revenue of 315324213682 yuan, a decrease of 1.55% over the same period last year; The company achieved an operating profit of 18554501154 yuan, a decrease of 54.87% over the same period last year; The net profit attributable to the shareholders of the listed company was 18625087297 yuan, a decrease of 47.87% over the same period of the previous year; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 15920160933 yuan, a decrease of 47.25% over the same period of last year. During the reporting period, due to the impact of the epidemic, some projects did not reach the revenue recognition node, and the revenue decreased compared with the same period last year. At the same time, due to the rise in the price of materials and commodities, the project implementation cost and labor cost of the company increased significantly, and the gross profit margin decreased. In addition, the company's financial expenses in the reporting period increased compared with the same period last year, so the operating profit and net profit attributable to shareholders of Listed Companies in 2021 decreased compared with the same period last year.
During the reporting period, the main daily operations of the company were reported as follows:
During the reporting period, the company continued to focus on the business related to the recycling of urban and rural organic waste, combined with the company's existing business resources and competitive advantages, continued to cultivate its main business and strive to expand the business market of various sectors of the company. As of the disclosure date, the company has won the new orders for the recycling of urban and rural organic waste of 2196975700 yuan and the new orders for industrial energy conservation and environmental protection of 465906700 yuan.
Focusing on the positioning of "organic waste recycling expert", the company focuses on the urban and rural organic waste treatment business, while trying to explore emerging business areas and improve the company's business layout. In the water treatment business sector, in addition to the landfill leachate business, the company has actively expanded industrial wastewater business and other fields. In the wet waste treatment sector, the company continuously optimizes the existing process, promotes the construction progress of the existing wet waste treatment projects, and continues to expand the wet waste treatment business sector; At the same time, the company continued to promote the work related to the resource utilization of the tail end of wet waste disposal, in order to continuously improve the income of the project. During the reporting period, the company seized the opportunity of the national dual carbon policy and continued to expand the biogas and natural gas business and industrial energy conservation and environmental protection business. In addition, the company actively exchanged and cooperated with professional teams in the industry, cooperated with relevant professional institutions, made use of the company's existing technical advantages and project resources to promote the development of carbon assets of some environmental protection projects, and tried to realize business extension on the basis of continuously expanding its main business, To continuously improve the profitability of the company.
In 2021, the company will continue to attach importance to R & D work, focusing on the R & D work of all business divisions and subsidiaries. During the reporting period, the company expanded its R & D team and strengthened the construction of full-time R & D team to provide guarantee for the development of the company's R & D work. The company further improved the functions of the Group Industrial Research Institute in the group's R & D work, gradually established a mechanism for the Group Industrial Research Institute to directly assist each business segment in carrying out specific R & D work, accelerated the process of process optimization and new technology R & D of each business segment, and improved the R & D efficiency. During the reporting period, the company completed the acceptance of relevant topics of the 13th five year plan water project. In addition, the group explored and formulated the incentive system for R & D achievements, tried to establish an innovation mechanism for engineering industrialization transformation, and fully mobilized the enthusiasm of various R & D teams and relevant engineering operation teams by organizing the application and review of independent R & D projects within the group and holding internal innovation week activities.
In 2021, the company continued to carry out the group's digital transformation, strengthened the assessment of digital transformation, and ensured the orderly promotion of relevant work. The company has promoted the establishment of enterprise operation and management software platform, improved the water treatment business and solid waste treatment business operation service management platform, information security cloud platform, optimized the company's business process, and improved the company's operation and management level. At the same time, the company also promoted the relevant work of BIM construction, expanded the BIM construction team, promoted the standardized and modular design of each business segment of the company with the help of BIM construction, and improved the efficiency of process design.
During the reporting period, the company further strengthened the construction of sales force according to the plan at the beginning of the year. According to the marketing strategic direction of regional marketing services, the company has divided the marketing areas, set up provincial and municipal marketing service outlets in the project concentration areas, and completed the construction of relevant sales teams. The company also strengthens the management and incentive of sales personnel through the improvement of relevant internal sales system and sales information collection system. In addition. The company has established an internal technical expert team of the group and its supporting system for participating in the pre-sales support of various businesses of the group, and gradually improved the group's customer service system. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
