2025-05-29-深交所-盈峰环境_2024年年度报告（英文版）_271页_4mb

2024 Annual Report Summary

Core Content

The 2024 Annual Report of Infore Environment Technology Group Co., Ltd. (stock code: 000967) provides an overview of the company's financial performance, corporate governance, and strategic direction. The report emphasizes the company's role in the urban cleaning services and environmental protection equipment sectors, highlighting its technological innovations and expansion plans.

Main Points

Company Profile

• Stock Name: Infore Enviro
• Stock Code: 000967
• Listing Exchange: Shenzhen Stock Exchange
• Legal Representative: Ma Gang
• Registered Address: 1818 Renmin West Road, Dongguan Sub-district, Shangyu District, Shaoxing City, Zhejiang Province
• Office Address: 23/F, Infore Center, 7-8 Yixing Road, Xincheng Area, Beijiao Town, Shunde District, Foshan City
• Website: www.inforeenviro.com
• Email: infooreenviro@infore.com

Shareholder and Governance

• The company has undergone several changes in controlling shareholders, with Ningbo Infofor Asset Management Co., Ltd. becoming the largest shareholder as of the end of the reporting period.
• The Board of Directors and the Board of Supervisors have approved the dividend plan, distributing RMB 1.89 per 10 shares to shareholders.
• The financial statements have been signed by the legal representative, the principal officer in charge of accounting, and the head of the accounting division, ensuring accuracy and completeness.
• The company has engaged Pan-China Certified Public Accountants LLP (Special General Partnership) as its accounting firm.

Financial Highlights

• Operating Revenue (RMB): 13,117,894,323.95
• Net Profit (RMB): 513,514,275.54
• Net Profit after Non-recurring Gains/Losses (RMB): 502,176,740.07
• Net Cash Flows from Operating Activities (RMB): 1,162,049,481.48
• Basic Earnings Per Share (RMB/share): 0.16
• Weighted Average Return on Equity: 2.94%

Key Financial Changes

• The company made retroactive adjustments to its financial data due to changes in accounting policies, particularly related to "Assurance-type Warranty That Does Not Belong to a Single Performance Obligation".
• The lower of net profit before and after non-recurring gains and losses is negative for the past three fiscal years, indicating potential uncertainty regarding the company's going concern status.

Key Financial Indicators (Quarterly)

Non-recurring Gains and Losses

Industry Performance and Trends

Urban Cleaning Services

• The company provides urban cleaning services using intelligent equipment, Smart Sanitation Cloud Platform, and smart services.
• It has established a full-chain service system with frontend intelligent operation, middle-end intelligent dispatching, and back-end lean management.
• The urban service market has maintained robust growth due to the sanitation marketization reform and the "urban steward" model.
• The total value of urban service contracts has grown steadily over the past nine years, indicating a strong market presence.
• The company offers one-stop services including planning, design, investment, construction, and operation of environmental sanitation projects.

Environmental Protection Equipment

• The environmental protection equipment market has shown a downward trend in 2024 due to weakened local fiscal capabilities and budget cuts.
• However, new energy-powered environmental protection equipment has experienced rapid growth of 45%, becoming a market highlight.
• The penetration rate of new energy technologies in the sector has reached 14.9%, driven by policy support and economies of scale.
• The "dual carbon" strategy and pilot programs for full electrification are accelerating the transition to new energy solutions.
• The urban services market is expected to maintain steady growth in 2025 due to policy drivers and industry cycles.

Strategic Direction

• The company continues to deepen intelligent transformation in urban services, leveraging IoT, big data, and AI.
• It is accelerating the integration of new energy and intelligence in the environmental protection equipment sector.
• The synergy between policy and market forces is reshaping the industry, promoting green, low-carbon, and sustainable development.
• The company is adapting to structural labor shortages by deploying smart equipment and intelligent connected vehicles.

Conclusion

The report outlines the company's financial performance, corporate governance, and strategic focus on urban cleaning services and environmental protection equipment. It highlights the growth of new energy solutions and the ongoing shift toward intelligent and sustainable urban services. The company remains committed to innovation and expansion, with a clear vision for future development in the context of national policies and industry trends.