Qingda Environmental Protection secretary resigns, 2021 Annual report hard to hide

2022-06-12 0 By

A month after the release of the annual report, qingda Environmental Protection (688501.SH), a listed company in Qingdao, underwent an important personnel change. Gong Weijun, the 39-year-old deputy general manager and secretary of the board of directors, submitted a resignation application to the company, and gao Jing, the future “post-90s” certificate, replaced him.Public information shows that Gong Weijun was born in 1983 and had been engaged in financial work in Yantai Binglun for a long time. In 2017, he jumped from yantai Binglun financial manager to Qingda Environmental Protection as deputy general manager and secretary of the board of directors. He worked in Qingda Environmental Protection for five years, during which the company was successfully listed in July last year.Gong weijun resigned for personal reasons. In 2021, he received 517,900 yuan from Qingda Environmental Protection and did not hold any shares in the company. Gao Jing, who was born in 1989, was chosen to replace him as vice president of Qingda Environmental Protection and secretary of the board of directors.Public information display, green environmental protection leading products for saving energy and reducing consumption, environmental emissions equipment design, manufacture and sales, for electricity, heat, chemical, metallurgical, garbage disposal in areas such as providing slag energy conservation, environmental protection energy conservation, environmental protection treatment system, flue gas treatment system, clean energy given environmental protection system and the desulfurization wastewater treatment system solutions.On March 22 this year, Qingda environmental Protection just released the 2021 annual report, showing that last year achieved operating revenue of 628 million yuan, a year-on-year growth of 12.62%;Net profit 55.89 million yuan, a year-on-year growth of 17.04%, deduct non-net profit 44.0593 million yuan, a year-on-year growth of 6.58%, from the income statement, the company presents a growing trend.However, according to the cash flow statement, qingda environmental protection funds did not improve significantly in 2021. During the reporting period, the net cash flow generated by the company’s operating activities was -41.791,700 yuan, while it was -4.084,500 yuan in 2020. The cash flow generated by operating activities was still far from covering the cost, and the company’s “hematopoitic” function had problems.In 2021, the cash-to-cash ratio of Qingda Environmental Protection is 0.81, which is at a relatively healthy level. The biggest net impact on the cash flow generated by operating activities is the payment of other cash related to operating activities, which amounts to 139 million yuan in 2020 and 146 million yuan in 2021.From the balance sheet, the ending balance of Qingda Environmental Protection in 2021 is 448 million yuan, an increase of 23.07% compared with 2020, and the balance of receivables accounts for 71.02% of the operating revenue.From the perspective of aging, the book value of Qingda environmental protection receivables is 510 million yuan, of which only 326 million yuan is aged within 1 year, and the receivables aged more than two years are close to 100 million yuan.In addition, the reporter noticed that although qingda’s monetary funds improved significantly after the IPO, increasing to 231 million yuan at the end of 2021, a 48.81% year-on-year increase, by the end of 2021, the company’s accounts payable also reached 219 million yuan, almost equal to the monetary funds.During the same period, the proportion of advance payment of the company is very small, and the advance payment is 0 yuan.Reporter Zhang Guanchao