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On the evening of March 29, 2021, Conch Venture announced the audited comprehensive results for 2020.
In the face of severe domestic and international epidemics and the complex and volatile international economic situation, the company has worked hard to buck the trend. In 2020, total operating income was 6.605 billion yuan, a year-on-year increase of 28.99%; net profit attributable to equity shareholders was 7.618 billion yuan, a year-on-year increase of 8.89%, of which net profit attributable to the main business was 1.230 billion yuan, a year-on-year increase of 24.55%.The total assets amount to RMB 54.3 billion, and the debt-to-asset ratio is only 26.41%. The company’s various financial indicators performed well and achieved stable operations.
In order to better show the company's development achievements in the past year to the majority of investors, on the morning of March 30, Conch Venture held the 2020 annual telephone performance conference in the 525 conference room of Wuhu Conch International Conference Center.Chairman of the Board of Directors Guo Jingbin, Executive Director and General Manager Ji Qinying, Deputy General Managers Shumao and Zhang Keke, Chief Financial Officer Chen Xingqiang and relevant department heads attended the meeting.
Although affected by the prevention and control of the epidemic, face-to-face communication is not possible, the enthusiasm of investors for participation is still high. More than 30 well-known overseas long-term funds including Greencourt, Avatar Investment, Himalaya, Value Partners, etc. participated in the performance conference.
General Manager Ji Qinying introduced the company's 2020 business performance, project development and operation, and the company's future prospects to investors.
After listening to the introduction, investors have expressed their recognition of the company's achievements, and are optimistic about the company's development prospects, looking forward to the future growth value. After entering the Q&A session, investors focused on key issues such as the timetable for the separation of the two major businesses of the environmental protection industry, the impact of the electricity price subsidy policy for the waste-to-energy business, the status of the transfer of hazardous waste across provinces, and future capital expenditure plans. The management of the company patiently answered one by one.
Chairman Guo Jingbin expressed his sincere gratitude to the investors for their continued support on behalf of the company.
He said that 2020 is a crucial year for the implementation of the company’s five-year plan. In this year, the company relies on the two-wheel drive of the environmental protection industry "solid waste disposal + garbage disposal",not only achieved steady growth in performance, but also significantly improved the quality and efficiency of internal management, effectively consolidating the position in the industry, and widening the channel for high-quality and rapid development.
He pointed out that since the beginning of this year, despite external environmental pressures such as the new crown epidemic and economic situation, the company has seized development opportunities and adhered to a diversified development strategy. During the year, it obtained more than 40 environmental protection projects and achieved further expansion of the industrial scale.Up to now, the company has promoted a total of 158 environmental protection projects in 23 provinces, municipalities and autonomous regions across the country, and has formed a scale of 8.95 million tons of solid and hazardous waste disposal and 13.01 million tons of waste disposal per year.In terms of project operation, through technical improvement measures and regional overall management, operational indicators have been significantly improved.
In the future, the company will actively explore the development direction of new technologies in the solid and hazardous waste disposal industry, promote a wide range of sludge disposal and soil remediation businesses, and cultivate new profit points.In terms of waste disposal business, the company will make full use of its capital advantages, explore business extensions in the direction of resource utilization, and accelerate the implementation of more overseas projects.
He said that the improvement of Conch Venture’s value is inseparable from the recognition and support of the capital market, and the company always puts the enhancement of shareholders' interests in the first place.In the future, the company will adhere to the two-wheel drive of the environmental protection industry as its core, improve operating performance, and bring more sustainable returns to shareholders.
