Xiang · securities code: Safbon Water Service (Holding) Inc.Shanghai(300262) securities abbreviation: Safbon Water Service (Holding) Inc.Shanghai(300262) Announcement No.: 2022034 Safbon Water Service (Holding) Inc.Shanghai(300262) 2021 annual report summary
1、 Important note: 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. Objection statement of directors, supervisors and senior managers
Name and title
The specific content is; 1. The amount of provision for asset impairment and write off of assets in 2021 is too large; 2. Correction of accounting errors. Detailed reasons
Yes: 1 Because the company’s business law has not changed substantially
Liu Tao is an independent director, and the amount of asset impairment provision and write off assets in 2021 is too large to judge its rationality; 2. The correction of accounting errors includes the recognition of Dongying project as BOT project without franchise right in previous years, which is questioned.
Risk warning of objection statement of directors, supervisors and senior managers: Ms. Liu Tao, the independent director of the company, cannot guarantee the authenticity, accuracy and completeness of the contents of the 2021 annual report. Please pay attention to it. 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 Zhonghua 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 Zhonghua 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 669766999 as the base, distribute cash dividend of 0.00 yuan (including tax) to all shareholders for every 10 shares, send bonus shares of 0 shares (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 Safbon Water Service (Holding) Inc.Shanghai(300262) stock code Safbon Water Service (Holding) Inc.Shanghai(300262)
Shenzhen Stock Exchange
Stock abbreviation before change (if any) none
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Wang Xian
Office address: No. 666, zhangliantang Road, Qingpu District, Shanghai
Fax 02162564865
Tel: 02132020653
E-mail [email protected].
2. Introduction to main business or products during the reporting period
(I) main products and uses of the company
The company focuses on the environmental protection water industry. Its main business areas include municipal water treatment, seawater desalination, zero discharge and recycling of industrial wastewater, solid waste treatment and disposal and other subdivided fields. It has a complete and mature industrial chain in the field of environmental protection water treatment and can provide comprehensive services in the whole industrial chain, such as technology R & D, engineering consulting and design, equipment production and manufacturing, engineering construction and installation, project investment and operation. The company’s main products include integrated water treatment technology solutions with dissolved air flotation technology, nano ceramic flat membrane and other materials as the core, and provide customers with integrated solutions for sewage treatment, tap water treatment, industrial wastewater treatment and zero discharge, seawater desalination, sludge treatment and disposal, distributed energy, urban and watershed ecosystem, sponge city construction and so on.
1. Municipal water treatment
(1) Municipal tap water and supporting pipe network works, including sedimentation, floating filtration integration, filtration, disinfection and advanced treatment;
(2) Municipal sewage treatment system and supporting pipe network works, including oxidation ditch, AB / A2O, SBR, MBR and other process systems;
(3) Safe drinking water treatment technology, micro polluted water treatment and microfiltration membrane forming technology;
(4) Advanced treatment of groundwater (including arsenic and radium removal);
(5) Water supply system with different quality and direct drinking water system in central urban area;
(6) Sponge city construction;
(7) Urban reclaimed water advanced treatment system, including lime treatment process, biofilter and membrane bioreactor (MBR) technology;
2. Industrial water treatment
(1) Zero emission evaporative crystallization system: Med and MVC technology;
(2) Raw water pretreatment system, including water clarification and filtration system, coal mine Gangdao water treatment system and ultrafiltration technology;
(3) Boiler make-up water treatment system: filtration, reverse osmosis and ion exchange technology;
(4) Powder reagent storage, metering and configuration system;
(5) Medium pressure condensate polishing system (including condensate powder resin filtration system and condensate deep mixed bed system);
(6) Condensate treatment system, sewage treatment system and reuse water treatment system in coal chemical and petrochemical industry (including lime storage and metering technology, biological aerated filter (BAF), biofilm reactor (MBR) technology, etc.);
(8) Advanced oil sewage treatment system;
(9) Dissolved air flotation integrated technology;
(10) Nano ceramic membrane bioreactor.
3. Solid waste treatment
(1) Sludge thin layer drying technology and device;
(2) Sludge drying collaborative power generation technology system;
(3) Domestic waste treatment;
(4) Sludge drying and incineration technology system;
(5) Waste incineration power generation technology system;
(6) Hazardous waste treatment technology and management.
(II) development ideas and business model
The company adheres to the development principle of “gathering in development and innovation in conservation”, adheres to the business philosophy of “deeply cultivating water affairs and improving our environment”, implements the business model of “multi technology route, multi product type and multi industry application”, comprehensively develops the three sectors, and vigorously develops the characteristic industry of seawater on the basis of consolidating the traditional water treatment sector. Maintain the stability of core technicians, further enhance the technology R & D and design ability, and enhance the company’s core competitiveness. At the same time, the company has diversified its business models by developing EP, EPC, PPP and other models to provide the company with stable cash flow income.
(III) business model
The company mainly undertakes energy-saving and environmental protection engineering business through engineering contracting (EP, EPC) and provides energy-saving and environmental protection franchise business through operation and maintenance (O & M), government and social capital cooperation (PPP). During the reporting period, the company was also actively transforming to the high-end manufacturing industry of environmental protection equipment. The details are as follows:
1. Design and equipment system integration mode
Design and equipment system integration refers to the whole process of comprehensively applying the integration of various relevant technologies, appropriately selecting various software and hardware equipment, and making the integrated system meet the actual work requirements of users and have good performance through a large number of technical work and corresponding management work such as integrated design, installation and debugging, application development and so on, Including engineering design, technical services, equipment integration, technical services and other business links. The operation of main business links is as follows:
(1) Engineering design
It mainly provides construction design drawings for customers’ projects, including general system diagram, process, electrical, electric control, safety and other professional construction drawing design, which is the guiding document and technical basis for construction project construction and equipment installation.
(2) Equipment integration
Provide customers with water treatment system integration, including control system, electrical system and water treatment system integration. In order to improve the comprehensive performance and reliability of equipment integration and make it adapt to the characteristics of customers’ water treatment operation, the company studies and designs the core components of water treatment equipment, purchases them from the equipment manufacturer in a customized way, and sends personnel from the quality supervision office to supervise the manufacturing in the production process of the equipment manufacturer.
2. EP mode
EP is “design procurement”. The core of this mode is system design and equipment integration. Under this business model, the provider first carries out scheme formulation, system design, equipment design and selection, then purchases general equipment and materials, produces or customizes core equipment and key components, purchases special hardware equipment, etc., and finally forms a system that can complete specific functions through system assembly and integration, and sells the whole set of integrated equipment to the customer as a whole.
3. EPC mode
The company usually adopts EPC mode for the overall supporting water treatment projects and municipal water treatment projects of large industries such as electric power, petrochemical and coal chemical industry. This mode means that when the company sells complete sets of water treatment equipment, it also undertakes the civil installation construction related to the system equipment, including the planning and design, civil construction, equipment procurement, equipment installation, system commissioning and trial operation of the water treatment system, and is fully responsible for the quality, safety, construction period and cost of the construction project. Finally, the system is handed over to the customer for operation.
4. PPP mode
The cooperation mode between the government and social capital refers to the benefit sharing, risk sharing and long-term cooperative relationship established by the government with social capital through franchising, service purchase and equity cooperation in order to enhance the supply capacity of public goods and services and improve the supply efficiency.
5. O & M mode
That is, the entrusted operation mode refers to the owner signing the entrusted operation contract to hand over the operation and maintenance of environmental protection facilities to environmental protection enterprises; The environmental protection enterprise shall be responsible for the daily operation of the facilities, and the owner shall pay the service cost and entrusted management remuneration to the environmental protection enterprise.
6. Product sales model
Environmental protection products (environmental protection equipment, consumables, etc.) are usually divided into standard products and non-standard products. For the sales of non-standard products, the company organizes the production and sales to customized customers according to customers’ customized needs and orders; For the sales of standardized products, the company arranges the production plan according to the market demand forecast, and sells directly to customers or dealers according to the sales contract.
(III) development ideas and business model
The company adheres to the development principle of “gathering in development and innovation in conservation”, adheres to the business philosophy of “deeply cultivating water affairs and improving our environment”, implements the business model of “multi technology route, multi product type and multi industry application”, comprehensively develops the three sectors, and vigorously develops the characteristic industry of seawater on the basis of consolidating the traditional water treatment sector. Maintain the stability of core technicians, further enhance the technology R & D and design ability, and enhance the company’s core competitiveness. At the same time, the company has diversified its business models by developing EP, EPC, PPP and other models to provide stable cash flow for the company
Cash flow income.
(IV) main performance drivers
1. Guidelines, policies and market driven
With the introduction of a series of policies related to ecological protection and environmental governance, the work of ecological and environmental protection will reach a new level during the 14th Five Year Plan period. With the introduction of 3060 double carbon policies, the development of green, ecological and environmental protection industry will receive more support, and the dividend period of the industry is still very long. The company will give further play to the advantages of the whole industrial chain, technology and brand, and consolidate and lock in the market share of traditional water services such as municipal water treatment, industrial wastewater treatment, seawater desalination and sludge treatment and disposal.
2. The rise of new market segments
In 2021, according to the market demand, the company carried out the R & D and innovation of multiple integrated technologies such as initial rainwater on-site treatment and disposal, salt lake new energy resource recycling (lithium extraction from Salt Lake), oily sludge treatment and disposal, pharmaceutical and printing and dyeing wastewater treatment, and opened up a number of new tracks in specific fields to provide the company with dissolved air flotation integrated technology The application of zero emission integration technology and ceramic membrane separation integration technology has brought broad market space and provided an important guarantee for the benign and sustainable development trend of the company.
3. Division system stimulates vitality
The institutional advantages of the company’s business division system are increasingly reflected. According to the new year’s plan and strategic deployment, the eight business divisions of the company will give full play to their advantages in the field of market segmentation, show Safbon Water Service (Holding) Inc.Shanghai(300262) complete industrial chain, give full play to the company’s competitive advantages, and make the company in design, R & D, production, manufacturing and construction
