2022-05-24-深交所-盈峰环境_2021年年度报告（英文版）_270页_3mb

Infore Environment Technology Group Co., Ltd. 2021 Annual Report Summary

Core Content

This document is the 2021 Annual Report of Infore Environment Technology Group Co., Ltd., also known as "盈峰环境" or "INFORE ENVIRO". It outlines the company's operations, financial performance, corporate governance, and strategic direction for the year ending April 2022.

Key Information

Company Overview

• Company Name: Infore Environment Technology Group Co., Ltd.
• Stock Code: 000967
• Stock Exchange: Shenzhen Stock Exchange
• Legal Representative: Ma Gang
• Registered Address: No. 1818 Renmin Road West, Dongguan Street, Shangyu District, Shaoxing City, Zhejiang Province
• Postal Code: 312300
• Office Address: 23/F, Infore Center, No. 7-8 Yixing Road, Xincheng Area, Beijiao Town, Shunde District, Foshan City, Guangdong Province
• Postal Code: 528300
• Company Website: www.inforeenviro.com
• Email: inforeenviro@infore.com

Shareholder and Governance

• The controlling shareholder of the company is Ningbo Infofor Asset Management Co., Ltd.
• The company has undergone several changes in its business scope since its listing in 2000, expanding into environmental engineering, sanitation equipment, and smart city development.
• The company's Board of Directors and Supervisory Committee have reviewed and approved the report.

Financial Highlights

• Revenue: RMB 11,813,537,444.48 in 2021, a decrease of 17.57% compared to 2020.
• Net Profit (attributable to shareholders): RMB 728,467,910.42 in 2021, down by 47.46% from 2020.
• Net Profit after non-recurring gains and losses: RMB 532,726,168.36 in 2021, a drop of 62.80%.
• Net Cash Flows from Operating Activities: RMB 809,218,720.13 in 2021, down by 52.08%.
• Basic Earnings Per Share: RMB 0.23 in 2021, a decline of 47.73%.
• Weighted Average Return on Equity: 4.33% in 2021, down by 4.29% from 2020.
• Total Assets: RMB 28,332,009,628.13 in 2021, a decrease of 5.91%.
• Net Assets (attributable to shareholders): RMB 16,903,241,702.09 in 2021, a slight decrease of 0.10%.

Non-Recurring Gains and Losses

• Total non-recurring gains and losses for 2021: RMB 195,741,742.06
• Key components:
  • Gain from disposal of non-current assets: RMB 6,337,251.97
  • Tax rebates: RMB 3,768,945.18
  • Government subsidies: RMB 55,341,877.03
  • Gain from disposal of creditors' rights: RMB 8,999,098.81
  • Compensation for Greenlander Environmental's underperformance: RMB 163,460,620.00
  • Gain from assets entrusted for investment: RMB 29,170,261.66
  • Loss from changes in fair value of financial assets: RMB -79,222,823.84
  • Other non-operating income and expense: RMB 2,598,028.75
• After tax impact from minority shareholders' interests: RMB 5,892,314.48

Financial Advisors and Auditors

• Auditor: Pan-China Certified Public Accountants LLP (Special General Partnership)
• Sponsor: China Renaissance Securities (China) Co., Ltd.
• Financial Advisor: China Renaissance Securities (China) Co., Ltd.

Main Business and Industry Trends

Industry Overview

• The sanitation industry is classified as a public services industry, typically divided into sanitation equipment and sanitation services.
• 2021 marked the first year of the 14th Five-Year Plan, which saw increased government investment and policy support for urban environmental development.
• The industry experienced short-term fluctuations due to the pandemic and rising raw material costs, but remains resilient against macroeconomic volatility due to its role in public services.

Development Trends

• Marketization: The separation of government and enterprise has accelerated, with municipal governments sourcing services through competitive bidding and allowing private entities to operate sanitation services.
• Smart Sanitation: The adoption of IoT technologies and smart platforms is a key trend, enabling intelligent operation and reducing reliance on human labor.
• Smart Sanitation Cloud Platform: Integrates data from various stages of sanitation services (R&D, manufacturing, logistics, etc.) to achieve 24/7 integration of human, vehicle, object, and event data, enhancing operation and maintenance efficiency.
• Growth Potential: The industry is expected to continue growing, with increased market concentration and technological innovation driving future expansion.

Principal Activities

• The company is a leading investor and operator in the environmental sanitation services industry.
• Focus on smart sanitation, including:
  • Intelligent Equipment: 5G sanitation robots, autonomous vehicles, and small smart sanitation robots.
  • Smart Platform: Integration of IoT, big data, and advanced industry-specific technologies.
• Provides integrated IoT applications and smart platform services across the full life cycle of sanitation, including cleaning and disinfection, domestic waste sorting, collection and transportation, and disposal of solid waste.

Conclusion

The 2021 Annual Report highlights the company's strategic focus on smart sanitation and its marketization efforts. Despite short-term challenges, the sanitation industry is expected to grow steadily in the long term, driven by government policies, technological advancements, and increased investment. The company remains a major player in the industry, with a strong position in both equipment manufacturing and sanitation services.