Brief Introduction

Shandong Aofu Environmental Technology Co., Ltd. was founded in July 2009, with a registered capital of RMB 77.28 million, and total assets exceeding RMB 1 billion. It is a local manufacturer for SCR carriers and has 24 years of experience in the ceramic industry. Its products mainly include: SCR, DOC, DPF commercial vehicle catalyst carriers and VOC treatment equipment, which are used in energy conservation, environmental protection and other fields. The company focuses on the R&D and application of honeycomb ceramic technology. The straight-through honeycomb ceramic carriers and wall-flow honeycomb ceramic products it produced are mainly used in the tail gas treatment of internal combustion engine vehicles, especially the tail gas treatment of heavy-duty diesel vehicles.

As a "Key High-tech Enterprise of Torch Plan" and "High-tech Enterprise of Shandong Province", the company has won the second prize of the Science and Technology Progress Award.

The company has passed ISO9001 quality management system certification, ISO14001 environmental management system certification, IATF16949 quality management system certification, OHSAS18001 occupational safety management system certification, and ISO50001 energy management system certification in succession. From energy conservation to emission reduction, from stationary source waste gas to mobile source waste gas, and from materials to projects, Aofu has been committed to the treatment of air pollution, and the improvement of human living environment, and strives for the dream of benefiting the whole society. As an independent brand enterprise engaged in R&D of products for air pollution control and industrialization in China, the company will continuously strengthen brand building, technology R&D, talent cultivation, and quality control. Taking the market as guide, driven by innovation, and relying on industrial policies, insist on the green development route, vigorously develop the downstream applications, continue to strengthen the key competitiveness of the company, and strive to build the company into an environmental protection enterprise with influence within five to ten years.

Company Overview

Full name Aofu Environmental Technology Co., Ltd
Abbreviations  
Code 688021
Founded 2009-07-15
Listing 2019-11-06
Domicile Dezhou
Website www.sdaofu.com
Email shandongaofu@aofuchina.com
STAR Theme Energy Conservation & Environmental Protection
CSRC Sector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 1.04 0.85 0.82
R&D expenditure as a % of operating revenue 11.16% 10.81% 6.52%
Operating Revenue 314.15 268.08 248.27
Net Income 78.36 51.62 46.76

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 314.15 268.08 248.27
Operating Costs 149.79 133.19 130.41
Operating Income 81.26 57.42 50.64
Pretax Income 85.15 58.62 53.21
Income Tax 6.79 7.00 6.44
Net Income 78.36 51.62 46.76

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 847.07 787.15 337.59
Non-current Assets-Total 371.12 281.21 239.72
Total Assets 1,218.19 1,068.36 577.31
Liabilities
Current Liabilities-Total 266.72 212.87 196.51
Non-current Liabilities-Total 34.46 24.18 58.24
Total Liabilities 301.18 237.05 254.75
Stockholder's Equity
Share Capital 689.90 689.90 232.78
Retained Profits 205.97 141.41 89.78
Minority interests 21.14    
Total Owners' Equity 917.01 831.31 322.56

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 33.50 19.96 1.93
Net Cash Flows-Investing -253.60 -44.56 -29.90
Net Cash Flows-Financing 0.52 443.30 14.24

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
潘吉庆 10.74 13.90%
于发明 9.39 12.15%
王建忠 9.23 11.95%
马志强 1.63 2.11%
王文新 1.57 2.03%
于进明 1.55 2.00%
山东红桥创业投资有限公司 1.33 1.72%
高强 1.16 1.51%
刘洪月 1.14 1.47%
中国建设银行股份有限公司-易方达环保主题灵活配置混合型证券投资基金 1.13 1.46%
As of 2021-03-31

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