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Public company info - Guodian Technology & Environment Group Corporation Limited- H Shares , 01296.HK
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Guodian Technology & Environment Group Corporation Limited- H Shares, 01296.HK - Company Profile
Chairman CHEN Dongqing
Share Issued (share) 1,310,000,000
Par Currency Renminbi
Par Value 1.0
Industry Environmental Goods
Corporate Profile Business Summary: The Company is principally engaged in (1) the environmental protection and energy conservation solutions business, and (2) the renewable energy equipment manufacturing and solutions business. The Company offers diversified products and services and uses diversified business models in its business operations. Performance for the year: For the year ended 31 December 2019, the revenue from continuing operations of the Group was approximately RMB11,691.0 million, representing an increase of approximately 2.4% compared to that for the last year. For the year ended 31 December 2019, the gross profit from continuing operations of the Group was approximately RMB2,588.2 million, representing a decrease of approximately 3.0% compared to that for the last year. For the year ended 31 December 2019, the operating profit from continuing operations of the Group was approximately RMB397.6 million, representing a decrease of approximately 13.4% compared to that for the last year. The discontinued operation of the Group was settled and completed in 2018 and no amount was recorded in the year ended 31 December 2019. For the year ended 31 December 2019, loss attributable to equity shareholders of the Company was approximately RMB289.7 million, while profit attributable to equity shareholders of the Company was approximately RMB114.1 million for the last year. Business Review In 2019, the Group kept stable and orderly operation construction, promoted stable and increasing market development, constantly strengthened the governance system, decreased cost and improved efficiency to create value, prompted solid capital operation and made significant achievement in technological innovation. The Group also maintained positive trend in stable production and operation, and favorable reform and development against the complicated and severe internal and external environment. Environmental Protection Business The Group actively developed new business growth points for environmental protection industry, and strived to realize the sustainable development of enterprises; actively deployed quality operating assets to strengthen the capability to address risks. In 2019, Dezhou Suihe large-scale biogas power generation project of Beijing Guodian Longyuan Environmental Engineering Co., Ltd. (“Longyuan Environmental”), a subsidiary of the Company, has been put into operation, and the intelligent management platform for ultra-low emission has completed demonstration operation in Guodian Hanchuan Power Plant, and was applied for 29 concession operation and maintenance projects, reaching an international leading level. The models of concession operations of the Group’s environmental protection business are categorized into three types: general concession model, the operation and maintenance model of general contracting for tariff (generating income from tariff on desulphurisation, and assuming the responsibility for the supply of materials and the disposal of desulphurisation by-products in addition to general operation and maintenance) and the operation and maintenance model (generating income from general operation and maintenance). As of 31 December 2019, the operating units of desulphurisation concession operation of the Group had an aggregate installed capacity of 17,210 MW, and the operating units of denitrification concession operation had an aggregate installed capacity of 12,540 MW; the desulphurisation generating units under the operation and maintenance model of general contracting for tariff had an installed capacity of 4,040 MW; the desulphurisation generating units under the operation and maintenance model had an installed capacity of 15,170 MW. As of 31 December 2019, the annual production capacity of denitrification catalysts, the key material for denitrification service of the Group was 19,000 m3 , the output of this year is 17,199 m3 . In terms of water treatment, Beijing Lucency Environment and Technology Co., Ltd. (“Lucency”), a subsidiary of the Company, fully promoted whole plant water conservation renovation and waste water “zero emission” technology. As of 31 December 2019, the Group processed approximately 192,483,100 tons of sewage (including reclaimed water) and reduced the cumulative chemical oxygen demand (“COD”) emissions by approximately 59,900 tons. In addition, Lucency has obtained the level A qualification of noise treatment for the year and became one of the three enterprises who had level A qualification of noise design as well as class one qualification of construction. Energy Conservation Solutions Business This year, the Group has achieved significant breakthrough in qualification establishment with respect to energy conservation business. Guodian Longyuan Power Technology and Engineering. Co., Ltd. (“Longyuan Engineering”), a subsidiary of the Company, has successfully been granted additional items of professional level B qualification in power industry design (new energy power generation and coalfired power generation(including conventional island design for nuclear power plant)) and level one qualification for power engineering EPC, which reflected its industry advantages of EPC general contracting business in power construction segment and addressed the qualification problems for the Company in undertaking large-scale power source construction general contracting projects. The coal mine safety monitoring system of Guodian Longyuan Electrical Co., Ltd., a subsidiary of the Company, has obtained the mine product safety certificate, laying a solid foundation for coping with market competitiveness and expanding business fields. The international strategy has been further enhanced. Yantai Longyuan Power Technology Co., Ltd. (“Longyuan Technology”) has entered into the EPC contract for the Plasma-assisted coal ignition renovation project with Zimbabwe Power Company with a contract amount of USD19.33 million. Despite of the complicated Sino-US relationship, Beijing Long Wei Power Generation Technology Co., Ltd., a subsidiary of the Company, and GE (China) Co., Ltd., explored deeper cooperation in comprehensive renovation technology of small steam turbines and steam turbines, and successively completed the flow passage renovation and capacity improvement for four power units of Guodian Ningxia Shizuishan Power Generation Co., Ltd. and Guodian Shizuishan No. 1 Power Generation Co., Ltd. and two power units in Guodian Changzhou Power Co., Ltd.. In respect of power plant EPC business, several projects of the Group have achieved great results and have been recognised. Chaqianhua experimental wind power project in Inner Mongolia contracted by Longyuan Engineering has obtained the power generation permit and launched business operation, Phase II of Kangbao project for the construction of a 50MW power generation unit has been granted approval and Dayuying PV power station has been rated as 4A power station. Wind Power Products and Services Business The Group took various measures through strengthening the overall linkage of production, supply and sales to overcome effects of the rush for installation tide of the industry. The related policies promulgated by NEA requiring wind power to withdraw progressively from government subsidies by categories, fields and regions from 2020 has brought about a rush for installation tide between wind power development enterprises. To cope with the tight supply of such upstream key parts as gearbox, bearing, casting, finished blade and blade core and the sharp price increase, the Group has enhanced its production resources planning by adjusting the supply strategy of blades in a timely manner and increasing the self-production proportion of blade models to relieve blade supply risks. In 2019, the Group continued to promote intelligent manufacturing and realized full application of intelligent control system in the blade production process by manufacturing its self-developed blade intelligent grinding robot and applying the integrated intelligent assembly line of wind turbine generators. The unit failure rate of the Group during the year of 2019 was 0.008 times/unit/day, recording a continuing decrease for 7 consecutive years. In 2019, the intelligent business of the Group has reached basic scale. The iSol intelligent control system of Beijing Guodian Zhishen Control Technology Co., Ltd. (“Zhishen Company”), a subsidiary of the Company, has been fully applied in Dongsheng Power Plant of Guodian Power, and has been jointly utilized in Suqian Power Plant with the IMS product of the subsidiary Beijing Huadian Tianren Power Controlling Technology Co., Ltd. (“Tianren Company”) and the Dayuying Wind Plant conducting intelligent construction has been included in the intelligent demonstration wind plant of China Energy. In respect of self-developed Renewable Energy Power Generation project, the Group has a total of 1.85 million kW of wind power and PV resources in Inner Mongolia and the three provinces in Northeast China. Prospects: Highlight the Drive of the Scientific and Technological Innovation The Group will grasp the initiative of innovation and seize the commanding point of market competition in the future. Speed up the improvement of the scientific and technological innovation system and promote the transformation of scientific and technological achievements into the actual productive forces. Strengthen the construction of scientific research platforms, establish a high-efficiency operating mechanism for scientific research platforms and strive for a national scientific research platform for each business segment. The Group should speed up the cultivation of key core technologies and promote the iterative improvement of core technologies and key products. Accelerate the enhancement of collaborative innovation capabilities, speed up the process of research and development, demonstration and application of new technologies, and promote technological innovation and industrial development in the field. Enlarge the Expansion Efforts for Market The Group will strengthen the marketability, strengthen the regional market service center’s marketing coordination, provide such solutions as “Full-mode Energy Conservation and Environmental Protection System Integrated Service”, “Internet + New Energy” and “Intelligent Enterprise Construction and Service”, etc. for users. Strengthen international business exploration, deepen the existing markets, properly explore the markets in Southeast Asia, South Asia, Africa and other regions and actively study the market opportunities in the countries and key regions along the “Belt and Road”. The Group should strengthen brand publicity and promotion, and continuously enhance the brand image and market influence of the Group. Adhere to Corporate Compliance Construction The Group will promote the management of enterprises according to law in an allround way, insist on the coordinated promotion of legal governance, compliant operation and standardized management, adhere to the construction of a system of rule of law, the ability of the rule of law and the culture of rule of law, and realize the goal of rule of law of ensuring safety, standardizing operation, preventing risks and serving reform. Establish and improve a work system of internal control, monitor major risks in real time, focus on work safety risk control. Consolidate the basis of work safety and build an essentially safe enterprise, and firmly build a safe line of defense without dead corners and blind areas.

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