The annual equity distribution plan for 2019 of Infore Environment Technology Group Stock Co., Ltd. (Abb: Infore Enviro; Stock Symbol: 000967) was deliberated and approved by its 2019 Shareholders' General Meeting. Infore Enviro distributed a dividend of RMB1.10 per 10 shares (tax inclusive) in cash to all shareholders, based on the total share capital of 3,163,062,146 at the equity rights registration date of 2019 profit distribution plan (excluding 0 share held in the buyback account), with an aggregate amount of RMB347,936,836.06.

Attaching great importance to cash dividends, Infore Enviro has fulfilled its due social responsibilities and continued to reward investors with cash dividends to improve both its development and returns for investors Data show that in the past three years, Infore Enviro has recorded a total net profit attributable to the parent company of RMB 2,856 million and distributed dividends of RMB 769 million, with a dividend ratio of 26.92%.

 

Good Fundamentals Enable Distribution of High Dividends to Investors

To distribute cash dividends to investors means to pay them cash, and a company must have favorable cash flows to do so. According to its 2019 Annual Report, Infore Enviro closely focused on the development strategy and annual business plan, emphasized on the core strategic business, and actively promoted the development of smart sanitation business, leading a new round of industrial innovation in the industry. Infore Enviro focused on the central task of "achieving high-quality development" and explored various ways to improve asset management capabilities around all aspects of production and operation. It aimed to reduce inventory and control increments, strengthened the classification and liability mechanism of contract risks, stepped up the recovery of loans, speeded up the operating turnover efficiency and improved operating cash flow. At the end of the 2019 reporting period, Infore Enviro's operating cash flow stood at RMB1,485 million, with a year-on-year increase of 227.49% as compared to the previous year's -RMB1,115 million. The Company's operating cash flow has been greatly improved, which has improved operating quality and achieved quality and efficiency gains.

At the same time, with the smart, refined, mechanized operation and maintenance services and remote monitoring and management model, the net profit of Infore Enviro's 2019 smart environmental sanitation service has increased to a certain extent in the case of a substantial increase in the total amount of new contracts. During the reporting period, Infore Enviro's net profit attributable to shareholders of listed companies was approximately RMB 1,361 million, with a year-on-year increase of 46.62%. The double growth of cash flow and profit provided a practical guarantee for the company's high-quality sustainable development.

 

Good Operating Support and Strong Dividend Distribution Willingness

A company will be unable to distribute dividends to investors if it cannot continue sustainable development and achieve good benefits. Infore Enviro has developed a smart sanitation business featuring intelligent equipment, smart services and smart cloud platform and forged strong synergy covering the front and back ends of the whole industry chain. Smart sanitation business has become the biggest driver for growth.

 

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Efforts are being made to accelerate the transformation of sanitation operations by a more intelligent, mechanized and new energy-based means. Based on the rapid development of 5G and AI technology, the R&D projects of intelligent, operated-by-less-men and unmanned equipment, where Infore Enviro has invested a lot, have witnessed a strong growth and become a new driver for revenue growth. With a number of leading technologies that represent the industry development direction, such as alternative energy-powered sanitation equipment, smart environmental sanitation robotics, and unmanned sanitation vehicles, Infore Enviro has achieved many innovative and technological achievements like the fifth-generation new energy-powered full-series sanitation equipment and intelligent sanitation robots and obtained the first road test license for sanitation-related autonomous vehicles from the government. Infore Enviro has been included in the New-generation AI Innovation Key Task Undertaker List issued by the Ministry of Industry and Information Technology, becoming one of the top AI companies in China and a member of the "national team" in the innovation of smart sanitation robots industry.

 Infore Enviro has experienced a rapid growth in sanitation services relying on its advantages in sanitation equipment. At the end of 2019, Infore Enviro had 57 projects underway, with a total contract value of RMB 25.2 billion. Among them, 30 projects were attributed to bid winning in 2019. In May 2020, Infore Enviro won the bid for a sanitation integration project worth RMB 7.8 billion in Bao'an District, Shenzhen, the largest project ever in the industry's history. Infore Enviro has overcome the impacts of the COVID-19 pandemic and made achievements despite unfavorable factors. Since the beginning of 2020, it has won the bid for 16 market-oriented sanitation projects of all kinds in eight provinces, namely Yunnan, Guangdong, Henan, Hebei, Chongqing, Hunan, Shaanxi, and Heilongjiang. As of June 30, 2020, the total contract value of sanitation service projects won by Infore Enviro in 2020 had exceeded RMB 10 billion.

 In order to ensure the accuracy and efficiency of sanitation project management and decision-making, Infore Enviro has invested more than RMB 100 million to integrate 5G, AI, big data, cloud computing, edge computing and other advanced technologies. With its self-developed smart cloud sanitation platform based on big data that domestically leads in the whole industry chain, Infore Enviro has become able to provide maintenance services and conduct remote monitoring and management of people, vehicles, objects and affairs at all time, in an all-round way, and seamlessly in terms of front-back office connection. Today, the smart sanitation cloud platform has been put into operation on more than 110 smart sanitation projects in more than 40 cities across the country.

 

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Infore Enviro will continue to carry out technological and management innovations to keep leading in the industry. With the focus on smart sanitation, Infore Enviro will further consolidate its edges in intelligent and interconnected sanitation services and equipment. Infore Enviro will keep investing resources in smart sanitation business and strive to be one of the best in the industry in the next five years. Besides, Infore Enviro will allow investors to share its achievements through a long-term and stable dividend mechanism, guide value investment in the capital market, enhance its brand image, maintain sound development, and achieve the corporate vision of "Cleaner world, Better Future"