Securities code: Hynar Water Group Co.Ltd(300961) securities abbreviation: Hynar Water Group Co.Ltd(300961) Announcement No.: 2022018 Hynar Water Group Co.Ltd(300961) 2021 annual report summary I. important tips the summary of this annual report comes 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 Dahua 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 changed from to Dahua accounting firm (special general partnership) this year. Tips on non-standard audit opinions □ applicable √ not applicable the company was not profitable at the time of listing and is not profitable at present □ applicable √ not applicable to the profit distribution plan of common stock or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors √ applicable □ not applicable
The company’s profit distribution plan for ordinary shares reviewed and approved by the board of directors is: take 177280000 shares as the base, distribute cash dividend of 0.23 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 share (including tax), and transfer capital reserve to all shareholders for every 10 shares.
Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Hynar Water Group Co.Ltd(300961) stock code Hynar Water Group Co.Ltd(300961)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Song Yanhua, Wang Limei
Office address: 19 / F, block B, building 6, Shenzhen International Innovation Valley, Dashi Road, Xili community, Xili street, Nanshan District, Shenzhen City, Guangdong Province
Fax: 075526510822
Tel: 075526969307075526969307
Email hynar- [email protected]. hynar- [email protected].
2. Introduction to main business or products during the reporting period
(I) main business of the company
The company’s business focuses on the field of industrial sewage treatment and high-quality water supply, integrates the industrial chain businesses such as intelligent equipment, new materials and water treatment chemicals, builds an intelligent platform, and provides customers with systematic solutions integrating “R & D, design, investment, construction and operation”. As an important participant in the construction of ecological civilization, Hynar Water Group Co.Ltd(300961) always implements the corporate mission of “protecting green waters and mountains and creating a better future”, takes improving the ecological environment as its own responsibility, bases itself in Shenzhen and serves the whole country, and is committed to becoming a leader in China’s intelligent management of ecological environment.
During the reporting period, the company’s main businesses are as follows:
1. Industrial sewage treatment
The company provides customers with investment, design, construction and operation services for sewage treatment plants in industrial parks or industrial clusters and their supporting pipe networks. It adopts a new TEPS pollution control concept and water pollution control mode with intelligent overall process balance as the main technical means, closely combines design and operation, closely connects sewage treatment with enterprise production, and uses the best technical scheme to improve the effect of sewage treatment and operation, Reduce operating costs and make the overall governance effect of the park better.
2. High quality water supply
High quality water supply refers to some or all services in the investment, design, construction and operation of water supply facilities and supporting pipe networks that provide customers with high-quality drinking water and pipeline direct drinking water.
(1) High quality drinking water
Based on the safety of drinking water for residents, the company applies advanced advanced advanced treatment technology to make the effluent quality of the operating water plant better than the national drinking water hygiene standard, and provides customers with investment, design, construction and operation services of high-quality drinking water.
(2) Pipeline direct drinking water
The company took the lead in putting forward the concept of “pipeline direct drinking water” in China, and adopted membrane treatment processes such as ultrafiltration, nanofiltration or reverse osmosis to deeply purify the tap water to meet the drinking water quality standard and meet people’s demand for high-quality drinking water Hynar Water Group Co.Ltd(300961) built the “only pilot demonstration project of pipeline direct drinking water” of the Ministry of construction of the people’s Republic of China – Shenzhen Meilin No. 1 village pipeline direct drinking water project and other high-quality projects to provide customers with investment, design, construction and operation services of pipeline direct drinking water.
3. Intelligent platform
The first application of “HY smart” intelligent water system independently developed by the company – the intelligent operation and management platform of sewage treatment plant in Shandong Caoxian fine chemical industry park was officially put into operation. It is the company’s first industrial sewage treatment plant based on digital twin technology; Based on the biochemical mechanism model and machine learning data model driven multi parameter (do, added chemicals and sludge reflux) collaborative control technology, the intelligent management and control of low-carbon operation and maintenance of water plant is realized. In the future, it will be used on more water projects.
The intelligent gateway + state secret equipment independently developed by the company can export state secret transmission security industrial edge gateway products through integrated development for edge computing, network transmission and data security in the water industry. At present, the product is in the stage of R & D promotion, and can be popularized to smart water affairs and smart water conservancy projects in the future.
4. Business development during the reporting period
In terms of entrusted operation and maintenance business, during the reporting period, relying on territorial development, the company renewed the entrusted operation contract of the sewage treatment plant in Binjiang industrial zone of Hunan Linxiang Industrial Park, and better completed the business maintenance work; In Jiangsu Siyang project, the company actively expanded the scope of water supply services and undertook more than 200 secondary water supply maintenance businesses in the city.
At the same time, the company also made breakthroughs in business expansion. The company continued to follow up key projects in Beijing, Guangdong, Shanghai, Zhejiang, Jiangsu, Shandong, Shanxi, Henan, Hunan, Hebei and other regions, and gradually formed a strategic layout radiating the whole country focusing on areas involving Beijing Tianjin Hebei, Guangdong Hong Kong Macao Bay area, Yangtze River Delta, urban agglomeration in the middle reaches of Yangtze River and Central Plains Economic Zone; Based on the solid foundation of the construction of Keshan sewage treatment plant project in Qiqihar City, Heilongjiang Province, the company has successively won the bid for two Keshan County water engineering projects. In 2021, the bid winning project was the reconstruction project of secondary water supply pipe network and pump station in Keshan County (2021), with an investment scale of 59.3 million yuan; Won the bid for the EPC project of phase II water supply project of Keshan County Industrial Park, with an investment scale of 161967 million yuan; It forms a project cluster with the PPP project of Donggang Industrial sewage treatment plant in Liaoning Province, which was launched last year. The commercial territory of the project cluster built by the company in Northeast China has taken shape.
Drawing on the successful experience of the PPP project in the construction of Donggang Industrial sewage treatment plant, the company has made further achievements in market development. In 2021, the company successively won the bid for several projects in Hebei Province: the PPP project of sewage treatment plant and supporting pipe network project in Baizhuang Park, Jiucheng Town, Huanghua City, Cangzhou City, Hebei Province, We won the bid for the BOT project of the franchise right of xiong’an Gucheng industrial eco city water ecosystem construction project and the PPP project of the sewage treatment plant and infrastructure of the circular Park in the economic development zone of Yangyuan County, Hebei Province. The total investment scale of the above three projects exceeds 600 million yuan. While continuously consolidating the main business of industrial sewage treatment and high-quality water supply, the company actively expands new markets, enriches the upstream and downstream businesses of the company in the water environmental protection industrial chain, and forms Hynar Water Group Co.Ltd(300961) business ecology. In the future, the company will further expand its business territory, expand its production capacity and service scale, improve its market share and further enhance its market competitiveness.
(II) business model
1. Operation mode
The operation modes of the company’s projects mainly include investment operation mode, entrusted operation mode, engineering construction mode, and the combination of the above modes. The details are as follows:
(1) Investment operation mode
The company invests and establishes a project company in the location of the project as the operation subject, signs franchise agreements, asset transfer agreements and investment cooperation agreements with customers, and provides customers with investment, design, construction and operation services by adopting one or more combined business models such as BOT, root, boot and boot.
(2) Entrusted operation mode (OM mode)
Entrusted operation service refers to a service mode in which customers entrust the existing environmental protection water facilities to the company for operation and maintenance, and the company recovers the operation and maintenance costs and obtains reasonable returns by charging customers or users or selling products. (3) Project construction mode
Engineering construction mode refers to the mode that the company provides customers with some or all services such as design, procurement, construction and project management in the construction of environmental protection water facilities according to the needs of customers. It can be divided into EPC mode and professional contracting mode. (4) Combination mode
In the process of business practice, the company will adopt the combination mode such as EPC + O to operate the project according to the specific situation of the project. The company adopts the combination mode to provide services for customers. The cooperation mode is flexible, which can effectively meet the demands of customers and reflect the comprehensive service ability. 2. Profit model
(1) Profit model of investment and operation projects
For the projects operated by the company in BOT and rot mode, in the investment, construction or transformation stage of the project, the project company contracts the construction project to the parent company, and the parent company provides substantive construction services for the project company. Therefore, the construction contract revenue and profit are recognized at the level of consolidated financial statements; For projects operated by the company in BOT, root, toe and boot modes, in the project operation stage, the project company shall recognize the operation service revenue and profit according to the water supply fee, sewage treatment fee or pipe network operation service fee charged.
(2) Profit model of entrusted operation project
For projects in which the company provides entrusted operation services for customers, according to the contract, the company recognizes the income and profit of entrusted operation services by charging customers with fixed entrusted operation fees, or entrusted operation service fees calculated according to the volume of operation services, or charging users with water supply fees or sewage treatment fees.
(3) Profit model of engineering construction project
If the company provides engineering construction services for customers, it shall review and settle the quantities of works on a monthly or quarterly basis according to the contract amount and completion progress, and the company shall recognize the revenue and profit of the construction contract accordingly.
The initial contract price of the engineering construction project is comprehensively calculated according to the project scale, process technology, key equipment cost, material price, labor cost of the project location and other factors, and is determined after bidding and other procedures. During the implementation of the project, both parties will adjust the initial contract price accordingly according to the project visa and changed quantities verified and confirmed.
(III) main performance drivers
1. Policy and market driven
In 2021, the country officially entered the “14th five year plan” period, further improved the standard system of ecological and environmental protection, tightened environmental supervision, effectively activated the market demand for environmental protection, and ushered in strategic development opportunities for the environmental water treatment industry. On the one hand, the national environmental protection policy and energy conservation and emission reduction policy all propose to continuously strengthen the construction of industrial sewage treatment facilities to prevent and control water environmental pollution and alleviate the increasing shortage of water resources; On the other hand, the state attaches importance to and invests in the safety and quality of water for residents, and the demand of Chinese residents for high-quality drinking water and piped direct drinking water is growing rapidly, which has brought broad market space for the development of the company. 2. Whole industry chain service capability driven
Through diversified cooperation, focusing on industrial sewage treatment, high-quality water supply and other businesses, integrate industrial chain businesses such as intelligent equipment, new materials and water treatment chemicals, take technological innovation as the driving force, take the intelligent platform as the guide, and take the industrial chain layout as the support, build a “light and heavy combination” business model integrating “R & D, design, investment, construction, operation and equipment”, and have the ability of systematic scheme design and implementation, It can meet the needs of government, industrial enterprises, industrial parks and other customers for cross domain business packaging and integration, and provide customers with systematic intelligent governance solutions. 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 243728117567163277082469 49.27% 121975118693
Net assets attributable to shareholders of listed companies 10447006094569450822065 50.42% 60208296671
