盈峰环境：2020年年度报告（英文版）.PDF

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1、Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 1 Infore Environment Technology Group Co., Ltd. Annual Report 2020 April 2021 Make a Cleaner World, Build a Better Future Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 2 Part I Important Notes, Table of Content

2、s and Definitions The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Infore Environment Technology Group Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee that the contents of this Report are true, acc

3、urate and complete and free of any misrepresentations, misleading statements and material omissions, and collectively and individually accept legal responsibility for such contents. Ma Gang, the Companys legal representative, Lu Anfeng, the Companys Chief Financial Officer, and Wu Shanshan, the Head

4、 of the Companys Accounting Department (equivalent to Financial Manager) hereby guarantee that the financial statements carried in this Report are truthful, accurate and complete. All the directors of the Company attended in person the board meeting for the approval of this Report. Any forward-looki

5、ng statements such as plans for the future in this Report shall not be considered as promises to investors. And investors are reminded to exercise caution when making investment decisions. The Board has approved a final dividend plan as follows: based on the total share capital (minus the shares in

6、the Companys repurchase account) at the date of record for the 2020 final dividend plan, a cash dividend of RMB1.2 (tax inclusive) per 10 shares is planned to be distributed to the shareholders, with no bonus issue from either profit or capital reserves. This Report has been prepared in Chinese and

7、translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 3 Table of Contents Part I Important Notes, Table of Contents and Definitions . 2 Part II C

8、orporate Information and Key Financial Information . 5 Part III Business Summary . 13 Part IV Management Discussion and Analysis . 21 Part V Significant Events . 52 Part VI Share Changes and Shareholder Information . 86 Part VII Preference Shares . 97 Part VIII Convertible Corporate Bonds . 98 Part

9、IX Directors, Supervisors, Senior Management and Staff . 100 Part X Corporate Governance . 107 Part XI Corporate Bonds . 114 Part XII Financial Statements . 122 Part XIII Documents Available for Reference . 264Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 4 Definitions Term Def

10、inition Infore Environment, or the “Company” Infore Environment Technology Group Co., Ltd. Zoomlion Environmental Changsha Zoomlion Environmental Industry Co., Ltd. Greenlander Shenzhen Greenlander Environmental Protection Co., Ltd. Infore Technology Guangdong Infore Technology Co., Ltd. CSRC China

11、Securities Regulatory Commission SZSE, or the “Stock Exchange” Shenzhen Stock Exchange General Meeting General Meeting of Infore Environment Technology Group Co., Ltd. Board of Directors Board of Directors of Infore Environment Technology Group Co., Ltd. Supervisory Committee Supervisory Committee o

12、f Infore Environment Technology Group Co., Ltd. Company Law Company Law of the Peoples Republic of China Securities Law Securities Law of the Peoples Republic of China Articles of Association Articles of Association of Infore Environment Technology Group Co., Ltd. PPP Public-private partnership, a f

13、unding model for a public infrastructure project BOT Build-operate-transfer, a form wherein a private enterprise participates in infrastructure construction and provides public services to the society EPC Engineering procurement construction, in which the contractor is responsible for the whole proc

14、edure or several stages of a construction project such as design, procurement, construction, and trial operation based on contractual agreements. Reporting Period The period from 1 January 2020 to 31 December 2020 RMB, RMB0,000 Expressed in the Chinese currency of Renminbi, expressed in tens of thou

15、sands of Renminbi Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 5 Part II Corporate Information and Key Financial Information I Corporate Information Stock name Infore Environment Stock code 000967 Stock exchange Shenzhen Stock Exchange Company name in Chinese 盈峰环境科技集团股份有限公司 Ab

16、br. 盈峰环境科技集团 Company name in English (if any) Infore Environment Technology Group Co., Ltd. Legal representative Ma Gang Registered address 1818 Renmin West Road, Dongguan Street, Shangyu District, Shaoxing City, Zhejiang Province, China Zip code 312300 Office address 23/F, Infore Center, 7-8 Yixin

17、Road, Xincheng District, Beijiao Town, Shunde District, Foshan City, Guangdong Province, China Zip code 528300 Company website Email address II Contact Information Board Secretary Securities Representative Name JinTaotao Wang Fei Office address 23/F, Infore Center, 7-8 Yixin Road, Xincheng District,

18、 Beijiao Town, Shunde District, Foshan City, Guangdong Province, China 23/F, Infore Center, 7-8 Yixin Road, Xincheng District, Beijiao Town, Shunde District, Foshan City, Guangdong Province, China Tel. 0757-26335291 0757-26335291 Fax 0757-26330783 0757-26330783 Email address III Media for Informatio

19、n Disclosure and Place where this Report is Lodged Newspapers designated by the Company for information disclosure China Securities Journal, Shanghai Securities News, Securities Times, and Securities Daily Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 6 Website designated by th

20、e CSRC for publication of this Report http:/ Place where this Report is lodged The Securities Department, 23/F, Infore Center, 7-8 Yixin Road, Xincheng District, Beijiao Town, Shunde District, Foshan City, Guangdong Province, China IV Change to Company Registered Information Organization code 913300

21、006096799222 Change to the principal activities of the Company since its listing (if any) Since it went public in 2000, the Company has changed its business scope five times. Business scope on 18 November 1993: Research, development, and production of ventilators, and air-cooled, water-cooled, and a

22、ir conditioning equipment, refrigeration and quick-freezing equipment, mold, and power-generating machines. Operation of export businesses (refer to the approval document of the Ministry of Foreign Trade and Economic Cooperation for details); on 2 July 2002, metal and plastic steel composites pipe a

23、nd profile was included in the Companys business scope; on November 14, 2003, undertaking environmental engineering was included in the business scope; On 29 February 2016, due to the strategic transformation, the Companys business scope was changed to: R&D, maintenance, and operation services of en

24、vironmental monitoring instruments, development, consulting, and services of environmental management technologies, operation services of environmental management facilities, design and construction of environmental engineering, environmental protection engineering, municipal engineering, and water

25、conservancy and other water-related projects, development and services of technologies for water pollution control, water treatment, and ecological restoration, R&D, sales, and relevant technology consultation services of communication products, network products, mechatronic products, automatic cont

26、rol products, buildings, and intelligent community products, as well as software products, design, development, investment, operation management, and technical consulting services of relevant supporting facilities for the disposal and recycle of municipal waste and solid waste, sales of ventilators

27、and air-cooled, water-cooled, and air conditioning equipment, operation of import and export businesses, industrial investment, investment management, asset management, and investment consultation; On 18 May 2016, operation of import and export businesses, industrial investment, investment managemen

28、t, and asset management were excluded from the Companys business scope; on 28 June 2019, the Companys business scope was changed to: R&D, manufacturing, sales, technology consultation, maintenance, and operation services of sanitation equipment, special type of working robots, new energy vehicles, e

29、nvironmental monitoring equipment, special equipment for environmental protection, and automobile charging equipment and parts, equipment leasing, design, operation management, technological development and services of relevant supporting facilities for the disposal and recycle of municipal waste an

30、d solid waste, design, construction, operation management, technological development and services of environmental engineering, municipal engineering, landscape engineering, Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 7 electric power engineering, water conservancy and other

31、water-related projects, water pollution control projects, air pollution control projects, and soil remediation projects, commercial cleaning, collection, transportation, and treatment services (based on the license) of urban solid waste, development, consultation, and services of environmental prote

32、ction, IoT, and Internet technologies, R&D and sales of software, sales of ventilators and air-cooled, water-cooled, and air conditioning equipment, engagement in import and export businesses, and investment consultation. Every change of controlling shareholder since incorporation (if any) 1. In 200

33、0, the Company went public, and its largest shareholder was Zhejiang Fan & Air-cooled Equipment Company. 2. On 23 February 2006, Zhejiang Shangfeng Industry Group Co., Ltd., the former controlling shareholder of the Company, and Media Group Co., Ltd., a shareholder, transferred their stocks of 9,575

34、,027 shares and 24,897,984 shares to Guangdong Infore Group Co., Ltd. respectively. Therefore, Guangdong Infore Group Co., Ltd. became the largest shareholder of the Company. 3. On 5 August 2008, the Companys controlling shareholder, Guangdong Infore Group Co., Ltd. changed its name to Guangdong Inf

35、ore Holding Investment Group Co., Ltd. 4. On 30 September 2010, Guangdong Infore Holding Investment Group Co., Ltd. changed its name to Infore Holding Investment Group Co., Ltd., which was the controlling shareholder of the Company. 5. On 4 January 2019, based on the private placement of new shares

36、for purchasing assets, the Company issued 1,017,997,382 shares to Ningbo Infore Asset Management Co., Ltd. to acquire the 51% equity of Zoomlion Environmental held by it. The Companys largest shareholder has been changed to Ningbo Infore Asset Management Co., Ltd. As at the end of the Reporting Peri

37、od, the Companys controlling shareholder was Ningbo Infore Asset Management Co., Ltd. V Other Information The independent auditor hired by the Company: Name of the independent auditor Pan-China Certified Public Accountants LLP Office address 28/F, Block B, China Resources Building, 1366 Qianjiang Ro

38、ad, Jianggan District, Hangzhou City, Zhejiang Province, China Accountants writing signatures Bian Shanshan and Cao Cuijuan The independent sponsor hired by the Company to exercise constant supervision over the Company in the Reporting Period: Applicable Not applicable Name of sponsor Office address

39、 Representative Period of supervision Huaxing Securities Co., Ltd. Room 2501, 575 Wusong Road, Hongkou District, Shanghai Li Zeming and Zheng Zaoshun 2020-2021 The independent financial advisor hired by the Company to exercise constant supervision over the Company in the Reporting Period: Applicable

40、 Not applicable Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 8 Name of financial advisor Office address Representative Period of supervision GF Securities Co., Ltd. GF Securities Tower, 26 Machang Road, Tianhe District, Guangzhou Yuan Fengzhou and Yin Yue 2018-2020 VI Key Fina

41、ncial Information Indicate whether there is any retrospectively restated datum in the table below. Yes No 2020 2019 2020-over-2019 change (%) 2018 Operating revenue (RMB) 14,332,025,075.40 12,695,858,666.40 12.89% 13,044,761,115.49 Net profit attributable to the listed companys shareholders (RMB) 1,

42、386,476,099.73 1,361,453,754.17 1.84% 928,577,765.32 Net profit attributable to the listed companys shareholders before exceptional gains and losses (RMB) 1,432,219,046.72 1,252,134,237.70 14.38% 319,411,269.58 Net cash generated from/used in operating activities (RMB) 1,688,714,091.75 1,484,750,054

43、.02 13.74% -1,150,744,895.07 Basic earnings per share (RMB/share) 0.44 0.43 2.33% 0.41 Diluted earnings per share (RMB/share) 0.44 0.43 2.33% 0.41 Weighted average return on equity (%) 8.62% 9.05% -0.43% 7.62% 31 December 2020 31 December 2019 Change of 31 December 2020 over 31 December 2019 (%) 31

44、December 2018 Total assets (RMB) 30,110,536,990.88 24,854,667,694.94 21.15% 24,461,293,934.13 Equity attributable to the listed companys shareholders (RMB) 16,920,214,085.42 15,514,697,715.97 9.06% 14,471,811,680.32 Indicate whether the lower of the net profit attributable to the listed companys sha

45、reholders before and after exceptional gains and losses was negative for the last three accounting years, and the latest independent auditors report indicated that there was uncertainty about the Companys ability to continue as a going concern. Yes No Indicate whether the lower of the net profit att

46、ributable to the listed companys shareholders before and after exceptional gains and losses was negative. Yes No Annual Report 2020 of Infore Environment Technology Group Co., Ltd. 9 VII Accounting Data Differences under Chinas Accounting Standards for Business Enterprises (CAS) and International Fi

47、nancial Reporting Standards (IFRS) and Foreign Accounting Standards 1. Net Profit and Equity under CAS and IFRS Applicable Not applicable No difference for the Reporting Period. 2. Net Profit and Equity under CAS and Foreign Accounting Standards Applicable Not applicable No difference for the Report

48、ing Period. VIII Key Financial Information by Quarter Unit: RMB Q1 Q2 Q3 Q4 Operating revenue 2,199,341,508.70 3,420,092,351.48 3,835,286,466.43 4,877,304,748.79 Net profit attributable to the listed companys shareholders 147,734,732.90 378,964,794.02 371,118,285.78 488,658,287.03 Net profit attribu

49、table to the listed companys shareholders before exceptional gains and losses 189,096,408.24 358,028,986.55 363,826,725.52 521,266,926.41 Net cash generated from/used in operating activities -144,580,287.91 -140,597,577.65 397,179,806.32 1,576,712,150.99 Indicate whether any of the quarterly financi

50、al data in the table above or their summations differs materially from what have been disclosed in the Companys quarterly or interim reports. Yes No IX Exceptional Gains and Losses Applicable Not applicable Unit: RMB Item 2020 2019 2018 Note Gain or loss on disposal of non-current assets (inclusive