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On the evening of March 23, 2020, Conch Venture announced its 2019 audited comprehensive results.
The company achieved operating income of 5.12 billion yuan in 2019, an increase of 77.2% year-on-year; realized pre-tax profit of 7.414 billion yuan, an increase of 18.59%;The profit attributable to equity shareholders was 6.996 billion yuan, up 17.63% year-on-year, of which the profit attributable to the main business was 988 million yuan, up 46.95% year-on-year.The company's total assets reached 42.1 billion yuan and the asset-liability ratio was 22.31%.The company's financial indicators are sound, its development momentum is good, and its operating performance is in line with expectations.
In order to better show the company's development achievements over the past year, on the morning of March 24, due to the impact of the new coronary pneumonia epidemic,Conch Venture held the 2019 annual results conference in the form of a teleconference in the 525 meeting room in the Wuhu Conch International Conference Center.The chairman of the board of directors Guo Jingbin, executive director and general manager Ji Qinying, company leaders Li Daming, Shu Mao, Zhang Keke attended the meeting, the person in charge of relevant departments of the company attended the meeting.
Nearly 120 well-known institutional investors and senior analysts at home and abroad attended the conference by phone.
Ji Qinying introduced to investors the company's 2019 operating performance, project development and operation, and the company's future outlook.
Guo Jingbin welcomed the institutional investors and analysts who attended the press conference, and thanked everyone for their concern and support for the company's development.
He said that 2019 is the first year for the company to implement the 2019-2023 five-year plan.In the past year, the company based on solid waste and hazardous waste disposal and grate furnace power generation double-wheel drive, new environmental protection projects hit a record high, the main business net profit increased significantly, and achieved a good start for the opening year, which played a role in achieving the five-year planning goals.
He pointed out that in the next five years, the company will work hard with precision, build on its strengths, complement its shortcomings, and promote a new round of high-quality development in the environmental protection industry.Solid and hazardous waste disposal is actively exploring diversified disposal methods while promoting the co-processing of cement kilns, and promoting the deployment of non-cement kiln disposal projects such as fly ash washing, anaerobic cracking and dry distillation.With the gradual release of new capacity, the waste disposal business will continue to optimize major economic and technical indicators, and revenue will continue to increase and stabilize.
Since the beginning of this year, due to the impact of the new type of pneumonia and the macroeconomic downturn, faced with difficulties and challenges, the company responded calmly and promoted the orderly production and operation on the premise of ensuring the health of employees and the safety of the occupational environment.During this special period, the company dispatched goods to transport killings, support Hubei Province, spread positive energy, and promote corporate culture.Some of the company's garbage disposal projects also provide emergency treatment of medical waste for local governments in related territories and fulfill the social responsibilities of environmental protection enterprises.Despite the force majeure, the company still achieved 8 new orders in the first quarter.As of the date of publication, the company has promoted a total of 118 environmental protection projects, including 54 solid waste projects, 45 grate furnace household garbage power generation projects, and 17 cement kiln disposal garbage projects.The solid waste disposal scale exceeded 6.29 million tons / year, and the garbage disposal scale exceeded 11.6 million tons / year.
He said that Conch Venture and the majority of shareholders are closely related communities, and each step of the company is inseparable from the recognition and support of the capital market.In 2020, the company's management and all cadres and employees will face the difficulties, seize the opportunities, and strive to achieve the establishment of China's first and world's leading large-scale comprehensive environmental protection enterprise group as soon as possible.
