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Public company info - Luzhou Xinglu Water (Group) Co. Ltd. -H Shares , 02281.HK
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Luzhou Xinglu Water (Group) Co. Ltd. -H Shares, 02281.HK - Company Profile
Chairman Zhang Qi
Share Issued (share) 215,000,000
Par Currency Renminbi
Par Value 1.0
Industry Water Supply
Corporate Profile Business Summary: The Group is an integrated operator primarily engaged in municipal water supply and wastewater treatment service. Performance for the year: Revenue amounted to approximately RMB2,067.1 million, representing an increase of approximately 69.7% from the year ended 31 December 2018. Profit for the year amounted to approximately RMB201.5 million, representing an increase of approximately 20.5% from the year ended 31 December 2018. Profit attributable to owners of the Company amounted to approximately RMB190.6 million, representing an increase of approximately 23.7% from the year ended 31 December 2018. Basic earnings per share amounted to approximately RMB0.22, representing an increase of approximately 22.2% from the year ended 31 December 2018. Business Review The Company is an integrated municipal water service provider in Sichuan Province, principally engaged in two segmental businesses; tap water supply and wastewater treatment. the Group adopts project models of build-own-operate (“BOO”) and transfer-own-operate (“TOO”) in the course of business, where the Group and local governments enter into concession agreements for a normal period of 30 years. The Company mainly engages business in Luzhou area, Weiyuan area in Neijiang City, Leshan area, part of Liangshan Prefecture, Qingbaijiang area in Chengdu City, etc. As at the end of the Reporting Period, the Group operated ten tap water plants and nine city wastewater treatment plants with a total treatment capacity of approximately 792,500 tons per day. The Group also operated several wastewater treatment facilities in urban and rural areas. Tap Water Project As at the end of the Reporting Period, the Group owned ten tap water plants with a daily supply capacity of approximately 491,500 tons representing an increase of one tap water plants and a decrease of approximately 7,000 tons of daily water supply capacity in aggregate as compared with that as at 31 December 2018. The average utilisation rate of tap water plants (excluding Xuyong Nantan Water Plant (which was acquired)) stood at 88.64%. Such decrease was mainly because of the decrease in the total daily water supply capacity of Qiancao Water Plant of the Group. During the Reporting Period, the Group's total sales of water amounted to approximately 132.9 million tons, representing an increase of 19.5% as compared with approximately 111.2 million tons for the year ended 31 December 2018. The increase was mainly due to the extended water supply areas in cities and the acquisition of Weiyuan Qingxi Water. Wastewater Treatment Project As at the end of the Reporting Period, the Company owned nine operating wastewater treatment plants with a daily treatment capacity of approximately 301,000 tons in aggregate and the average utilisation rate of wastewater treatment plants stood at 92.07%. During the Reporting Period, the Group's total actual treatment capacity of urban wastewater amounted to approximately 104.5 million tons, representing an increase of 19.7% as compared with the total actual wastewater treatment capacity of approximately 87.3 million tons for the year ended 31 December 2018. the Group's total capacity of urban wastewater treatment with charges amounted to approximately 126.3 million tons (including 1.5 million tons from entrusted operation and 15.7 million tons from emergency projects), representing an increase of 23.3% as compared with approximately 102.4 million tons for the year ended 31 December 2018, which was mainly attributable to the newly added entrusted operation and emergency projects at Lingang Industrial Park, Hejiang, and the increase in wastewater treatment upon stable operation of Ya’erdang capacity expansion project. During the Reporting Period, the Group owned 67 wastewater treatment facilities in urban and rural areas of Jiangyang district, Longma district, Naxi district, Gulin county that have been put into operation successively, with a total daily treatment capacity of about 25,800 tons. Prospects: In 2020, by closely focusing on the ideas of “reform and innovation, quality and efficiency improvement, smart leadership and leapfrog development”, the Group will comprehensively improve the level of scientific management, further deepen reforms, integrate resources, restructure configurations, and build the concept of integrated water services to improve the internal governance capabilities, enhance the internal supervision mechanisms and authorization management mechanisms, further streamline the management and control mechanisms, and improve the internal management environment. In addition, the Group will continue to maintain healthy and benign operations, promote refinement in the production process, to achieve system control and improve the fund management system, as well as energy saving and efficiency improvement. Moreover, the Group will make efforts to build core competitiveness, vigorously promote the construction of smart water services, to form the Group's own core technologies in the management of secondary supply platforms, leakage management, “Internet + production and operation” platforms, etc., and enable the Group to form core competitiveness in future foreign business expansion and to realize new profit growth points. Furthermore, the Group will continue to adhere to the “going out” strategy and deepen the township and rural sewage treatment markets while consolidating the existing water supply and drainage business. the Group will also strengthen project company management, improve risk prevention and control, and build a batch of high-quality and efficient projects for external expansion, so as to establish a good demonstration effect, and enhance the Company’s brand reputation and influence in the industry.

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