云南水务2024年报

Contents Corporate Information2Definitions5Financial Highlights8Chairman’s Statement9General Manager’s Report11Management Discussion and Analysis14Directors, Supervisors and Senior Management27Directors’ Report37Corporate Governance Report55Independent Auditor’s Report71Consolidated Statement of Profit or Loss and Other Comprehensive Income80Consolidated Statement of Financial Position82Consolidated Statement of Changes in Equity85Consolidated Statement of Cash Flows87Notes to the Consolidated Financial Statements89Five-year Financial Summary244Environmental, Social & Governance Report245 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Zheng Guangfeng(Vice-Chairman)Ms. Wang RuiMr. Liu Hui Non-executive Directors Mr. Mei Wei(Chairman)Mr. Dai RichengMr. Xia Lin Independent Non-executive Directors Mr. Liu Shuen KongMr. Zhong WeiMr. Zhou Beihai AUDIT COMMITTEE Mr. Liu Shuen Kong(Chairman)Mr. Zhong WeiMr. Zhou Beihai REMUNERATION COMMITTEE Mr. Zhong Wei(Chairman)Mr. Liu HuiMr. Zhou Beihai NOMINATION COMMITTEE Mr. Mei Wei(Chairman)Mr. Zhou BeihaiMr. Zhong Wei RISK MANAGEMENT, INTERNAL CONTROL ANDCOMPLIANCE COMMITTEE Mr. Zhong Wei(Chairman)Mr. Zheng GuangfengMr. Liu Shuen KongMr. Zhou BeihaiMr. Mo Wenyi(Supervisor) COMPANY SECRETARY Mr. Li Bo AUTHORISED REPRESENTATIVES Mr. Zheng GuangfengMs. Wang Rui HEADQUARTERS AND PRINCIPALPLACE OF BUSINESS IN THE PEOPLE’SREPUBLIC OF CHINA 2089 Yunnan Water2089 Haiyuan Bei RoadGaoxin DistrictKunming, YunnanPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 251313110-11 Suite 3110–1131/F, Tower 1, The Gateway, Harbour City25 Canton Road, Tsim Sha TsuiKowloonHong Kong BRANCH SHARE REGISTRAR IN HONG KONG 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong LEGAL ADVISERS As to Hong Kong law: 15323203-3207 Jingtian & Gongcheng LLPSuite 3203–320732/F Edinburgh Tower , The Landmark15 Queen’s Road CentralHong Kong As to PRC law: B53-4 DeHeng Law Offices (Kunming)3/F & 4/F Tower B5, Rongcheng YoujunXishan District, Kunming, Yunnan ProvincePRC CORPORATE INFORMATION PRINCIPAL BANKERS Industrial Bank Co., Ltd.China Development BankAgricultural Bank of China LimitedAgricultural Development Bank of ChinaChina Construction Bank CorporationBank of Communications Co., Ltd.Shanghai Pudong Development Bank Co., LtdChina CITIC Bank Corporation LimitedIndustrial and Commercial Bank of China LimitedChina Everbright Bank Company Limited AUDITOR 1842 Forvis Mazars CPA LimitedCertified Public Accountants42/F, Central Plaza,18 Harbour Road,Wanchai,Hong Kong STOCK CODE 6839 6839 http://www.yunnanwater.com.cn COMPANY’S WEBSITE http://www.yunnanwater.com.cn In this annual report, unless the context otherwise requires, the following expressions shall have the following meanings: DEFINITIONS the issued ordinary shares at the nominal value of RMB1.00 per share in the share capitalof the Company which are subscribed for or credited as paid up in RMB1.00 the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)571 the ordinary shares at the nominal value of RMB1.00 per share in the share capital of theCompany, including the H Share(s) and the Domestic Share(s)1.00H the holder(s) of the Share(s) The Stock Exchange of Hong Kong Limited has the meaning ascribed to it under the Listing Rules supervisor(s) of the Company the supervisory committee of the Company namely YHTH, YEPI and Beijing OriginWater Yunnan Green Environmental Protection Industry Group Co., Ltd.* () (formerly known as Yunnan Green Environmental Protection IndustryInvestment Co., Ltd.*()), a limited liability companyincorporated in the PRC, and the Company’s controlling shareholder per cent *For identification purposes only* FINANCIAL HIGHLIGHTS The Board is pleased to announce the following financial highlights: 1,739688 During the Reporting Period, the Group’s audited loss attributable to ordinaryShareholders of the Company amounted to approximately RMB1,739million (forthe year ended 31 December 2023: approximately RMB688 million). 1.4580.5771,193,213,4571,193,213,457 Loss per share for the Reporting Period was approximately RMB1.458per share(for the year ended 31 December 2023: loss per share approximately RMB0.577per share), the calculation of such basic loss per share amount is based on the lossattributable to ordinary Shareholders of the Company, and the weighted averagenumber of Shares of approximately 1,193,213,457 (2023: 1,193,213,457) shares inissue during the Reporting Period. The Board does not recommend the payment of a final dividend for the year ended31 December 2024 (for the year ended 31 December 2023: nil). The Company didnot declare or pay any interim dividend or special dividend for the year ended 31December 2024. CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the Board, I am pleased to present the Group’s annual report for thefinancial year ended 31 December 2024. 2024 marked an ex