Brief Introduction

Aofu Environmental Technology Co., Ltd is a company focusing on the R&D and application of honeycomb ceramics technology. The company provides customers with honeycomb ceramics series products and industrial waste gas treatment equipment with honeycomb ceramics as the core components. The stock abbreviation"Aofu Environmental Tech" with stock code "688021".

The company's major products include honeycomb ceramic series products and VOC waste gas treatment equipment.

Honeycomb ceramic products series include flow-through substrate, wall-flow filter, and energy-saving heat storage product. The flow-through substrate and wall-flow filter are applied for the internal combustion engine after-treatment system, and the VOC treatment equipment is mainly used in the treatment of volatile organic compounds in petrochemical, printing, medicine, electronics, and other industries area.

With outstanding R&D and innovation ability in ceramic honeycomb substrate area, company and R&D leader consecutive undertake of "Eleventh five-year plan", "Twelfth five-year plan" and "Thirteenth five-year plan" vehicle exhaust pollution control in the field of "National 863 project" and "National classification project" task, continue to enhance investment in R&D and technical level to deliver product that meet the CHINA V regulation standard, at the same time, developed CHINA VI regulation standard product series, DPF products in meet the demand of domestic customer at the same time start the bulk export to North America market.

As a self-owned brand enterprise specializing in the R&D and industrialization of air pollution control products, Aofu will continue to enhance brand building, technical R&D, personnel training, quality control and other aspects, market-oriented, innovation-driven, rely on the national industrial policy, adhere to the national green development path, work effortlessly to expand the downstream application fields, continue to boost the company's core competitiveness, and strive to build our company into a leading environmental protection enterprise with international influence in five to ten years.

Company Overview

Full name Aofu Environmental Technology Co., Ltd
Abbreviations Aofu Environmental Tech
Code 688021
Founded 2009.07.15
Listing 2019.11.06
Domicile Fumin Road,Economy Development Area,Linyi,Dezhou City(Production and operation site on Huayuan Road,Linyi,Dezhou City)
Website www.sdaofu.com
Email shandongaofu@aofuchina.com
STAR Theme Energy Conservation & Environmental Protection
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share      
R&D expenditure as a % of operating revenue 6.52% 6.01% 8.09%
Operating Revenue 24,827 19,612 9,287
Net Income 4,676 5,562 612

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 24,827 19,612 9,287
Operating Costs 13,041 7,866 4,985
Operating Income 5,064 6,489 407
Pretax Income 5,321 6,635 749
Income Tax 644 1,073 137
Net Income 4,676 5,562 612

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 33,759 27,324 13,999
Non-current Assets-Total 23,972 21,276 18,734
Total Assets 57,731 48,599 32,733
Liabilities
Current Liabilities-Total 19,651 13,332 12,602
Non-current Liabilities-Total 5,824 6,730 4,885
Total Liabilities 25,475 20,062 17,487
Stockholder's Equity
Share Capital 23,278 23,282 15,651
Retained Profits 8,979 5,162 -405
Total Owners' Equity 32,256 28,537 15,246

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 193 -2,240 -1,660
Net Cash Flows-Investing -2,990 -2,214 -2,014
Net Cash Flows-Financing 1,424 6,343 2,483

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
潘吉庆 1,074.38 13.90%
于发明 938.85 12.15%
王建忠 923.50 11.95%
山东红桥创业投资有限公司 333.22 4.31%
刘洪月 171.85 2.22%
马志强 162.95 2.11%
重庆荣新环保产业股权投资基金合伙企业(有限合伙) 160 2.07%
王文新 157.11 2.03%
于进明 154.66 2.00%
薛明轩 133.29 1.72%
2019.11.5

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