维港环保科技2024年年报

(Incorporated in the Cayman Islands with limited liability)Stock Code: 1845 CONTENTS COMPANY PROFILE2CORPORATE INFORMATION3FINANCIAL SUMMARY6CHAIRMAN’S STATEMENT7MANAGEMENT DISCUSSION AND ANALYSIS8DIRECTORS AND SENIOR MANAGEMENT25CORPORATE GOVERNANCE REPORT32ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT50DIRECTORS’REPORT101INDEPENDENT AUDITOR’S REPORT118FINANCIAL STATEMENTS AND NOTES TO THE FINANCIALSTATEMENTS126FINANCIAL SUMMARY256GLOSSARY257 COMPANY PROFILE 維 港 環 保 科 技 控 股 集 團 有 限 公 司20241231511,222,5005131,000 Weigang Environmental Technology Holding Group Limited (the“Company”) together with its subsidiaries (the“Group”) are theleadingcomprehensive hazardous waste incineration turnkeysolution provider in China. As at 31 December 2024, the Group hascompleted 51 hazardous waste incineration projects with aggregatedesigned disposal capacity of 1,222,500 tonnes per annum, and5 ongoing hazardous waste incineration projects with aggregatedesigned disposal capacity of 131,000 tonnes per annum. 20191 3 The shares of the Company had been listed on the Main Board ofStock Exchange on 3 January 2019. Leveragingits experience and expertise in hazardous wasteincineration, the Group has expanded its offerings to other areasof solid waste treatment, such as thermal desorption of oil sludge,pyrolysis treatment of solid waste and cement plant parallel kilncotreatment. The Group will continue to focus on the technology innovationto maintain its advanced technology and strong R&D capability.Tocapture the opportunities brought by the policies for thedevelopment of the environmental protection industry and the hugedemand of industrial enterprise to comply with increasingly tighterenvironmental protection policies, the Group will leverage on itstechnology advantage to expanding its business into more andmore new areas, and devote itself to become a leading solid wastetreatment solutions provider in China. CORPORATE INFORMATION DIRECTORS AND SENIOR MANAGEMENT DIRECTORS Executive Directors Mr. Cai Zhuhua(Chairman)Mr. Dong HonghuiMr. Li Kaiyan(Chief Executive Officer)Mr. Gu Chunbin Independent Non-executive Directors 20253 520253 5 Mr. CHI Weijun (appointed on 5 March 2025)Mr. Xiao HuiMs. Xiao JinguiMr. Yang Zhifeng (resigned on 5 March 2025) AUDIT COMMITTEE 20253 5 Ms. Xiao Jingui(Chairman)Mr. Chi WeijunMr. Xiao HuiMr. Yang Zhifeng (resigned on 5 March 2025) REMUNERATION COMMITTEE Mr. Xiao Hui(Chairman)Mr. Dong HonghuiMs. Xiao Jingui NOMINATION COMMITTEE Mr. Cai Zhuhua(Chairman)Mr. Xiao HuiMs. Xiao Jingui COMPANY SECRETARIES Mr. Gu Chunbin CORPORATE INFORMATION AUTHORISED REPRESENTATIVES Mr. Cai ZhuhuaMr. Gu Chunbin AUDITORS AND REPORTING ACCOUNTANTS 7288 Baker Tilly Hong Kong LimitedCertified Public AccountantsLevel 8, K11 ATELIER King’s Road728 King’s RoadQuarry BayHong Kong REGISTERED OFFICE 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands 190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 181A414 14/F, Block A4No. 181 Science Boulevard Guangzhou,Guangdong ProvinceChina PRINCIPAL PLACE OF BUSINESS IN HONG KONG 183393904 Unit 3904, 39/F, AIA Tower183 Electric RoadNorth PointHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE IN THE CAYMAN ISLANDS Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong CORPORATE INFORMATION PRINCIPAL BANK 803 Bank of GuangzhouScience City Branch3/F, Science and TechnologyInnovation Base Complex80 Lanyue RoadScience City, GuangzhouGuangdong ProvinceChina 31 China Merchants BankHong Kong Branch31/F, Three Exchange Square8 Connaught Place, CentralHong Kong STOCK CODE 1845 1845 http://www.gzweigang.com/ COMPANY’S WEBSITE http://www.gzweigang.com/ DATE OF LISTING 20191 3 3 January 2019 FINANCIAL SUMMARY 202412 31241.6202312 314.7% For the year ended 31 December 2024, revenue of the Groupamounted to RMB241.6 million, representing a decrease of 4.7%compared with the year ended 31 December 2023. 202412 3158.0202360.72024123124.0%202324%202312 31 For the year ended 31 December 2024, gross profit of the Groupamounted to RMB58.0 million (2023: RMB60.7 million).The Group’sgross profit margin for the year ended 31 December 2024 was24.0% (2023:24.0%), which is stable as compared to the year ended31 December 2023. 202312 311.30.5%2024123155.322.9% For the year ended 31 December 2024, the Group recorded a netloss of RMB55.3 million, with a net loss margin of 22.9%, comparedwith a net loss of RMB1.3 million, with a net loss margin of 0.5% forthe year ended 31 December 2023. 202312 311.8202412 3148.6 For the year ended 31 December 2024, loss attributable to ownersofthe Company was RMB48.6 million,compar