Securities code: Tongxing Environmental Protection Technology Co.Ltd(003027) securities abbreviation: Tongxing Environmental Protection Technology Co.Ltd(003027) Announcement No.: 2022012 Tongxing Environmental Protection Technology Co.Ltd(003027) 2021 annual report summary
1、 Important note (I) 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. (II) there are no situations where the directors, supervisors and senior managers of the company declare that they cannot guarantee or disagree with the authenticity, accuracy and completeness of the contents of this annual report. (III) all directors attended the meeting of the board of directors to consider this report by means of on-site combined communication. (IV) tips on non-standard audit opinions □ applicable √ not applicable (V) the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable whether to convert accumulation fund into share capital □ yes √ no
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 132539000 as the base, distribute cash dividends of 3.00 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (including tax), and do not use the accumulation fund to increase the share capital. (VI) profit distribution plan for preferred shares in the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Tongxing Environmental Protection Technology Co.Ltd(003027) stock code Tongxing Environmental Protection Technology Co.Ltd(003027)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Zeng Xingsheng Xu shouhao
Office address: building B10, Binhu financial port, Baohe District, Hefei
Fax: 055164376188
Tel: 055164276115
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
The company is a well-known comprehensive service provider for flue gas treatment in non electric industry in China. It mainly provides ultra-low emission overall solutions for industrial enterprises in non electric industry such as steel, coking and building materials, including general contracting of dust removal, desulfurization and denitration projects and low-temperature SCR denitration catalyst. From process design, equipment development and manufacturing, organization and construction, installation and commissioning services, to the production of supporting denitration catalyst, the company’s business covers the whole process of flue gas treatment. 1. The main products and services are as follows:
(1) Flue gas treatment engineering services
Flue gas treatment refers to the treatment of particulate matter, sulfur oxides and NOx in flue gas through various technical means to reduce its emission concentration. According to different pollution sources, air pollution control can be divided into several sub industries. Among them, fixed source air pollution control mainly includes VOCs waste gas treatment and flue gas treatment. According to the industry attribute, flue gas treatment can be divided into two categories: power industry and non power industry. Power industry flue gas treatment mainly refers to the flue gas treatment of thermal power industry, while non power industry flue gas treatment refers to the flue gas treatment of non thermal power industries such as coking, steel and building materials. The company is mainly engaged in flue gas treatment in non electric industry.
According to different pollutants, flue gas treatment can be subdivided into dust removal, desulfurization, denitration, etc. the specific conditions are as follows:
① Dust removal refers to the technical measures to remove particles from dust containing gases such as smoke and dust to reduce their emission to the atmosphere. At present, five types of dust removal technologies such as mechanical dust removal, electrostatic dust removal, filter dust removal, wet dust removal and new composite dust removal are usually used in the market. Among them, bag dust removal (filter dust removal), electrostatic dust removal and electrostatic bag composite dust removal are the mainstream dust removal technologies in China.
② Desulfurization refers to the removal of sulfur and its compounds (mainly SO2) from flue gas. According to whether water is added in the desulfurization process and the dry and wet form of desulfurization products, flue gas desulfurization technology can be divided into dry desulfurization, semi dry desulfurization and wet desulfurization.
③ Denitration refers to the removal of NOx from flue gas. SCR denitration technology (selective catalytic reduction denitration technology) and SNCR denitration technology (selective non catalytic reduction denitration technology) are two very mature flue gas denitration technologies at present. Among them, SCR denitration technology has become the most widely used flue gas denitration technology with its high denitration efficiency.
The company’s flue gas treatment engineering services cover the overall solutions from dust removal, desulfurization and denitration to supporting equipment and catalysts. The company is one of the few comprehensive service providers in China who master ultra-low emission technologies such as dry, semi dry, wet desulfurization, low-temperature SCR denitration and ultra-fine dust removal at the same time. The flue gas treatment technology is advanced and the process route is rich. Personalized design can be carried out according to the flue gas working conditions and requirements of the owner to meet the emission requirements.
The process routes adopted by the company mainly include: dry desulfurization + dust removal and low-temperature SCR denitration integration, SDA semi dry desulfurization + dust removal and low-temperature SCR denitration integration, CFB semi dry desulfurization + dust removal + GGH heat exchange + low-temperature SCR denitration, low-temperature SCR denitration + waste heat recovery + GGH heat exchange + CFB desulfurization + dust removal, wet desulfurization + GGH + hot blast furnace heat distribution + low-temperature SCR denitration, low-temperature SCR denitration + waste heat recovery + wet desulfurization + wet dust removal.
(2) Flue gas treatment products
① Low temperature SCR denitration catalyst
SCR denitration catalyst is a catalyst that promotes the chemical reaction between reducing agent and NOx in flue gas under certain temperature conditions in the process of SCR denitration, so as to selectively convert NOx into nitrogen and water. It is the core component of denitration system.
Compared with the high-temperature SCR denitration catalyst, the low-temperature SCR denitration catalyst produced by the company can effectively reduce the operating cost, reduce energy consumption, reduce pollutant emission and achieve the standard emission of NOx. It has obvious competitive advantage and social and economic value.
② Denitration equipment
The denitration equipment produced by the company includes single bin denitration equipment, parallel multi bin denitration equipment and integrated dust removal and denitration equipment. The dust removal and denitration integrated equipment is the typical equipment of the company. The equipment adopts the intensive design of lower dust removal and upper denitration, and reasonably integrates the dust removal module, denitration catalyst in-situ analysis and regeneration system, ammonia injection system and denitration module, which has the characteristics of reducing temperature drop and saving energy.
③ Dust removal equipment
The dust removal equipment of the company mainly includes supporting dust removal equipment of desulfurization system, coke oven ground dust removal station equipment, high-pressure ammonia side guide system equipment and other environmental dust removal equipment.
2. Business model
The main business model of the company is general contracting. General contracting refers to the contracting of the whole process or several stages of the design, procurement, construction and commissioning (completion acceptance) of the project according to the contract. And be responsible for the quality, construction period and cost of the project according to the contract.
Due to the great differences in customer needs, the company’s products and services show the characteristics of non standardization and customization in order to meet the personalized needs of customers, so the company adopts the direct sales mode.
3. Development of the company’s industry
2021 is the first year of the 14th five year plan and a new starting point for the long-term goal of 2035. The 14th five year plan for national economic and social development of the people’s Republic of China and the outline of long-term objectives for 2035 clearly point out that “Strengthen the coordinated control of multiple pollutants and regional governance, promote the coordinated control of fine particulate matter and ozone, and basically eliminate the heavily polluted weather. Adapt measures to local conditions, promote the transformation of ultra-low emissions in non electricity industries, accelerate the comprehensive treatment of volatile organic compounds emissions, and reduce the total emissions of nitrogen oxides and volatile organic compounds by more than 10% respectively.”. Under the objectives of carbon peak and carbon neutralization, the significance of synergistic effect of pollution reduction and carbon reduction is more prominent. The demand for flue gas treatment in non electric industries continues to release and speed up, the market scale continues to grow, the pilot and demonstration of carbon capture, storage and comprehensive utilization projects in key industrial industries are accelerated, and green energy is also rising rapidly.
In recent years, the national and local governments have successively issued many environmental protection policies and industry standards, which has injected strong impetus into the development of environmental protection industry; The upsurge of technological upgrading and development in the environmental protection industry has set off, and innovative technologies in the environmental protection industry have been emerging, which has also given birth to new business forms such as digital environmental protection and intelligent environmental protection; The scale of environmental protection industry continues to expand and the trend continues to improve.
In terms of air pollution control, Beijing Tianjin Hebei and the surrounding “2 + 26” cities, the Yangtze River Delta and Fenwei plain are the main battlefields. The ultra-low emission transformation of the iron and steel industry is in full swing, and cement and other industries are also gradually following up. Many provincial, municipal and autonomous regional ecological and environmental authorities have issued implementation plans for ultra-low emission transformation of iron and steel, urging enterprises within their jurisdiction to step up the transformation of ultra-low emission according to the time node; Anhui, Hebei, Henan, Sichuan and other places have successively issued local air pollutant emission standards for the cement industry, promoting the transformation process of ultra-low emission in the cement industry and driving technological progress. Driven by strong policies, the environmental protection industry has not only provided technical support for pollution control, but also obtained opportunities for its own development and growth.
4. Industry position of the company
As a national high-tech enterprise, the company participated in the drafting of China’s ferrous metallurgy industry standard Yb / T 44162014 evaluation standard for cleaner production level in coking industry. It has class a qualification for special environmental engineering design (air pollution prevention engineering) and class I qualification for professional contracting of environmental protection engineering. It obtained qualification for pressure pipeline design and pressure vessel manufacturing during the year, which enhanced the company’s comprehensive service capacity.
The overall technology of the company’s low-temperature SCR denitration catalyst has reached the international advanced level, the preparation technology has reached the international leading level, and the low-temperature SCR denitration process and equipment technology have reached the leading level in China. A number of technologies and products have been selected into the list of practical technologies for key environmental protection, the catalogue of national advanced pollution prevention and control technologies (in the field of air pollution prevention and control) and the catalogue of major environmental protection technology and equipment encouraged by the state.
In 2021, the company’s “low temperature selective catalytic reduction denitration technology of steel sintering flue gas” was selected into the national advanced pollution prevention and control technology catalogue (air pollution prevention, noise and vibration control field) of the Ministry of ecology and environment in 2021; The company’s “North District ironmaking 13 (2 200 ㎡) sintering machine flue gas denitration project of Tangshan Ruifeng iron and steel (Group) Co., Ltd.” was listed in the list of practical technologies and demonstration projects for key ecological and environmental protection in 2021 by China Environmental Protection Industry Association; The company’s “R & D and industrialization of ultra-low temperature denitration catalyst” unveiled the key tasks of industry university research and use of complementary board products and key common technologies in key fields of manufacturing industry in 2021 by the Department of economy and information technology of Anhui Province; The company’s “sleeve lime kiln flue gas low temperature (180 ℃) SCR denitration system” was selected into the list of the first batch of major technical equipment in Anhui Province in 2021
The company was selected as Anhui excellent private enterprise, Anhui comprehensive top 100 private enterprise manufacturing industry and Anhui specialized covid-19 military enterprise. 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
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 226275549716204745 Jiangyin Zhongnan Heavy Industries Co.Ltd(002445) 10.52% 110775056815
Net assets attributable to shareholders of listed companies 160439931637148623527127 7.95% 57434748439
20212020 year-on-year increase or decrease 2019
Operating income 9333583955576754411940 21.60% 75915728751
Net profit attributable to shareholders of listed company 1624396550315406054517 5.44% 17029279612
Net profit attributable to shareholders of listed companies after deducting non recurring profit and loss of 1517547064114668291792 3.46% and 15118052826
Net cash flow from operating activities 78690497849347261498 – 15.81% 5934126783
Basic earnings per share (yuan / share) 1.25 2.37 – 47.26% 2.62
Diluted earnings per share (yuan / share) 1.24 2.37 – 47.68% 2.62
Weighted average return on net assets
