2022-04-08-港交所-光大环境_二零二一年年报_359页_5mb

DECARBONISATION BLUEPRINT Summary

Core Content

The China Everbright Environment Group Limited (Everbright Environment), a subsidiary of China Everbright Group, is a leading environmental enterprise in China and a global player in waste-to-energy operations. The company has been listed on the Hong Kong Stock Exchange (257.HK) and has two listed subsidiaries: China Everbright Greentech Limited (1257.HK) and China Everbright Water Limited (U9E.SG & 1857.HK). Since its shift to the environmental sector in 2003, it has grown into a comprehensive environmental solutions provider, operating in 25 provinces, municipalities, autonomous regions, and the Hong Kong Special Administrative Region, as well as overseas markets like Germany, Poland, Vietnam, and Mauritius.

Everbright Environment is a strategic partner of the International Coalition for Green Development on the Belt and Road and the Yangtze River Economic Belt Ecological Protection and Green Development. The company adheres to the mission of "Devoted to Ecology and Environment for a Beautiful China" and has received numerous accolades, including being ranked as the top solid waste treatment enterprise in China for 11 consecutive years, the top environmental enterprise in China for three consecutive years, and being included in the MSCI China Index for nine years.

Main Business Areas

• Waste-to-energy and integrated waste treatment
• Integrated biomass utilisation
• Hazardous and solid waste treatment
• Environmental remediation
• Water environment management
• Equipment manufacturing
• Waste sorting
• Environmental sanitation integration
• Resource recycling
• Zero-waste city development
• Energy-saving lighting
• Analysis and testing
• Green technology R&D
• Ecological and environmental planning and design
• Environmental protection industrial parks

Financial Highlights (2021)

Key Developments in 2021

• First Quarter:

  • Launched the Group's first national key research and development project on "Safe, Clean and Efficient Technologies for Incineration of General Flammable Industrial Solid Waste."
  • Secured the Suzhou Shengze Waste Transfer Service Project to advance the Group's "Five Points in One Line" technical process for waste sorting.
  • Acquired a 60% equity stake in Kellon Green Energy Limited in Hong Kong, expanding the Group's presence there.

• Second Quarter:

  • Ranked first in the Top 50 Environmental Enterprises in China for the third consecutive year.
  • Entered the Fortune China 500 list for the first time, ranking 283rd.
  • Included in the FTSE4Good Index for the fifth consecutive year.
  • Signed a memorandum of understanding with the Hong Kong Science and Technology Parks Corporation to launch a green technology incubation and commercialisation platform.
  • Secured the Hebei Cangzhou Huanghua Wastewater Treatment Plant PPP Project.

• Third Quarter:

  • Ranked first in the Top 10 Influential Solid Waste Treatment Enterprises in China for the 11th consecutive year.
  • Included in the Dow Jones Sustainability Indices for the sixth consecutive year.
  • Included in the Hang Seng Corporate Sustainability Benchmark Index for the 11th consecutive year.
  • Secured the Shihezi Integrated Waste Treatment PPP Project in Xinjiang.

• Fourth Quarter:

  • The research project on "Intelligent Monitoring and Optimal Operation of Municipal Wastewater Treatment Plants" won the second prize of the 2020 State Scientific and Technological Progress Award.
  • The Group continued to focus on carbon emission reduction and implemented its "Three Carbons" development targets: becoming a carbon-negative enterprise, developing zero-carbon plants, and pursuing a low-carbon lifestyle.
  • Established a Carbon-Neutrality Technology Research and Development Center and independently drafted the Whitepaper on Environmental Protection and Carbon Neutrality.

Strategic Initiatives

• "Three Carbons" Development Targets:

  • Develop a carbon-negative enterprise.
  • Build zero-carbon plants.
  • Promote a low-carbon lifestyle.

• "Three Five Eight Seven" Development Strategies:

  • Focus on three major areas (environment, resources, energy, and climate).
  • Emphasize five key initiatives to drive growth and innovation.
  • Implement eight core projects aligned with sustainability goals.
  • Pursue seven strategic directions for long-term development.

Corporate Governance and Leadership

• Chairman: Wang Tianyi
• CEO: Luan Zusheng (appointed in June 2021)
• CFO: An Xuesong (appointed in October 2021, succeeding Wong Kam Chung)
• Independent Non-executive Directors: Fan Yan Hok, Philip; Mar Selwyn; Zhai Haitao; Suo Xuquan
• Company Secretary: Poon Yuen Ling
• Registered Office: 2703, 27th Floor, Far East Finance Centre, 16 Harcourt Road, Hong Kong

Awards and Recognition

• Ranked first in the Top 50 Environmental Enterprises in China for three consecutive years.
• Included in the MSCI China Index for nine consecutive years.
• Shortlisted in S&P Global's Sustainability Yearbook 2021.
• Included in the Dow Jones Sustainability Indices for six consecutive years.
• Included in the Hang Seng Corporate Sustainability Benchmark Index for 11 consecutive years.
• Included in the FTSE4Good Index for five consecutive years.
• Awarded the "Social Responsibility Brand of the Year" for seven consecutive years.

Financial Performance and Dividend Policy

• Total assets exceeded HK$200.236 billion.
• Revenue reached HK$49.895 billion.
• Profit attributable to equity holders reached HK$6.804 billion.
• Dividend for 2021: HK$15.0 cents per share (final dividend) and HK$34.0 cents per share (total annual dividend).

Future Outlook

• The Group will continue to focus on strategic transformation and high-quality sustainable development.
• It will follow the "Four Major Areas" development paradigm: environment, resources, energy, and climate.
• The company aims to create better investment value and undertake more social responsibility.
• It will deepen its commitment to green development and lead the way in the industry.