Financial Performance - The company's revenue for 2021 was RMB 6,279,549,000, an increase of 18.6% from RMB 5,296,064,000 in 2020[17]. - Gross profit for 2021 was RMB 458,797,000, up from RMB 301,202,000 in 2020, reflecting a gross margin improvement[17]. - The company reported a loss before tax of RMB 66,985,000, a significant improvement from a loss of RMB 283,820,000 in the previous year[17]. - Net loss for the year was RMB 92,839,000, compared to a net loss of RMB 271,511,000 in 2020, indicating a narrowing of losses[17]. - Basic earnings per share for 2021 were RMB (2.27), an improvement from RMB (6.66) in 2020[17]. - The company's total revenue increased by 18.6% from RMB 5,296.1 million in the previous year to RMB 6,279.5 million in the current year[68]. - Gross profit rose by 52.3% from RMB 301.2 million to RMB 458.8 million, with a gross margin improvement from 5.7% to 7.3%[69]. - The net loss for the year decreased by 65.8% to RMB 92.8 million, improving the net margin from -5.1% to -1.5%[96]. Assets and Liabilities - Total assets as of December 31, 2021, were RMB 10,098,421,000, compared to RMB 8,858,366,000 in 2020, showing a growth in asset base[19]. - Current assets increased to RMB 5,962,904,000 from RMB 4,665,778,000 in 2020, indicating improved liquidity[19]. - The company's total liabilities were RMB 6,451,382,000, up from RMB 5,066,622,000 in 2020, reflecting increased leverage[19]. - The net asset value decreased to RMB 3,647,039,000 from RMB 3,791,744,000 in 2020, indicating a decline in equity[19]. - The debt-to-asset ratio decreased from 70.5% in 2020 to 60.8% in 2021, indicating improved financial stability[103]. Project and Contract Management - The total value of new contracts obtained in 2021 was approximately RMB 6,414.0 million, a decrease of 39.8% year-on-year[28]. - The company’s total uncompleted contract value as of December 31, 2021, was approximately RMB 25,529.3 million, a decrease of 6.0% compared to the previous year[26]. - Significant progress was made on multiple projects, with the Shandong Jinhai Chemical project reaching 83% completion[30]. - The company plans to complete the Henan Shenma Hydrogen Ammonia project by July 2023, with 30% of the model review completed[31]. - The company aims to strengthen its project management capabilities and has trained 40 young talents as project managers[33]. - The company secured multiple key projects, including the EPC contract for the Qilu Chemical synthesis gas project and the CNOOC Huizhou Petrochemical new gasifier project[37]. - The company recorded a record of 33 consulting orders in 2021, laying the foundation for future design and EPC contracts[38]. Market Expansion and Strategic Focus - The company plans to focus on expanding its market presence and enhancing its technological capabilities in the upcoming year[16]. - The company is focusing on expanding its presence in emerging markets, achieving significant orders in 2021, which solidified its foundation for further overseas market expansion[43]. - The company is actively pursuing opportunities in the North American market, with multiple projects under negotiation[42]. - The company will deepen cooperation with foreign clients and focus on expanding markets in the Middle East, North America, Russia, Central Asia, and Southeast Asia[60]. - The company is exploring strategic acquisitions to enhance its market position, with a target of completing at least two acquisitions by the end of 2022[129]. Research and Development - The company is actively exploring emerging fields and enhancing R&D in new energy and new materials, focusing on projects like ethylene production and biodegradable plastics[28]. - The company achieved significant breakthroughs in new materials and biodegradable plastics, focusing on green technology development as a key direction[47]. - Successfully completed the national key R&D project on "New Technology for Efficient Synthesis of Chemical Products from CO2," establishing a pilot plant for ester hydrogenation with a capacity of 1,000 tons[47]. - The ester hydrogenation technology has been recognized as internationally leading, supporting the high-value utilization of CO2 in chemical production[47]. - The company developed a new technology for ethylene production through catalytic dehydrogenation of ethane, which passed technical evaluation and is considered to have strong innovation and independent intellectual property rights[49]. - During the review period, the company obtained 13 new authorized patents and filed 19 new patent applications, strengthening its intellectual property and technology reserves[51]. Sustainability and Corporate Governance - The management team emphasizes a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[130]. - The company established and implemented an environmental management system according to GB/T 24001–2004/ISO14001:2004 standards, receiving certification from a third-party organization[149]. - The company has actively complied with relevant laws and regulations, with further details on environmental, social, and governance matters to be published in an independent report[151]. - The company has established a robust governance structure with independent directors bringing diverse expertise to the board[137]. Employee and Operational Insights - In 2021, the total number of employees at the company was 1,323, with 172 high-end technical talents introduced[53]. - The total employee costs for the year amounted to RMB 661.5 million, slightly down from RMB 665.5 million in 2020[115]. - The group employed 1,323 staff as of December 31, 2021, a decrease from 1,538 employees in the previous year[115]. - The company has implemented foreign currency hedging policies to manage currency risks associated with its operations[111]. Future Outlook - Future guidance indicates an expected revenue growth of 10-12% for the upcoming fiscal year, driven by new project acquisitions[127]. - The company plans to invest 200 million in new technology development for renewable energy solutions over the next three years[124]. - The company plans to focus on enhancing technical capabilities and production efficiency in 2022, aiming to improve core competitiveness and economic benefits[57].

尊敬的投资者分析师大家下午好欢迎各位出席卫生工程2021年度业绩发布会在此对各位长期以来对公司的关注和支持表示感谢卫生工程是中国领先的能源化工工程EPC服务和技术整合解决方案的提供商行业从事炼油 石油化工煤化工新材料新能源等领域的服务服务亦覆盖了技术许可项目融资工程前期规划咨询到设计采购施工管理开采直到运营服务等项目的全生命周期由于疫情防控的原因本次会议将采用网络以及电话同步举行管理层也将通过电话参加本次会议 业绩PPT以上传至会生工程公司的网站的投资者关系页面如您有需要可以登入网站进行查阅本次会议分为两个部分第一部分将请公司的管理层分享公司的业绩情况第二部分是问答环节首先请允许我介绍出席今天发布会的管理层他们是执行董事兼行政总裁严少春先生 大家好大家好大家好大家好大家好大家好大家好大家好 大家下午好总工程师李延升先生大家好副总裁张鲜梅女士大家好我们欢迎各位管理层的出席那么接下来呢我们就把时间交给管理层首先有请行政总裁严少春严总来为我们介绍公司的最新业务的情况以及未来的规划有请大家好下面我代表卫生工程 把公司的业务情况向大家做一个汇报首先请看PPT的第四页我首先把公司的愿景和战略给大家介绍一下2021年我们确 ...

Financial Performance - The company recorded revenue of approximately RMB 2,553.0 million for the first half of 2021, representing a year-on-year increase of 10.3% compared to RMB 2,314.0 million for the same period in 2020[18]. - Gross profit for the first half of 2021 was approximately RMB 249.4 million, a year-on-year increase of 34.3% from RMB 185.7 million in the first half of 2020[18]. - The company reported a loss attributable to equity holders of approximately RMB 90.8 million, compared to a profit of RMB 9.3 million in the same period last year[93]. - The basic and diluted loss per share for the period was RMB (2.23), compared to earnings of RMB 0.23 per share in the previous year[178]. - Total comprehensive loss for the period was RMB 31,443 thousand, a significant decrease from a comprehensive income of RMB 2,200,739 thousand in 2020[182]. - The company reported a net loss of RMB 90,834 thousand for the six months ended June 30, 2021, compared to a profit of RMB 9,188 thousand in the same period of 2020, reflecting a decline in profitability[178]. Contract and Project Developments - The total value of new contracts obtained in the first half of 2021 was approximately RMB 3,875.8 million, marking a year-on-year increase of 25.0%[18]. - Significant progress was made on various projects, including the Shandong Jinhai Chemical project, which is 52% complete, and the Shandong Binhua New Materials project, which is 92% complete[22]. - The company secured a total contract for the gasification project module in Abu Dhabi, marking a significant milestone in its Middle East operations[34]. - The company has signed two consulting and design contracts for coal chemical projects in Indonesia and is actively pursuing multiple opportunities in Southeast Asia[40]. Strategic Focus and Market Position - The company is focusing on core products in the energy and chemical markets, maintaining a leading position in traditional product areas such as ethylene, MTO, and PDH[21]. - The company is committed to becoming a leading domestic and internationally recognized provider of integrated energy and chemical engineering solutions[17]. - The company is actively enhancing research and development in new energy and new materials to capture new market opportunities[17]. - The company is collaborating with Japan's Kao Corporation on hydrogen storage and production technology, aiming to implement demonstration projects domestically[41]. Financial Management and Capital Structure - The cash and bank balances as of June 30, 2021, were RMB 895.6 million, representing about 18.1% of the group's current assets, up from RMB 471.0 million or 10.1% as of December 31, 2020[95]. - The total bank borrowings as of June 30, 2021, were RMB 1,080.5 million, an increase from RMB 939.3 million as of December 31, 2020[106]. - The debt-to-asset ratio decreased to 58.9% as of June 30, 2021, down from 61.6% as of December 31, 2020[101]. - The group has established a foreign currency hedging policy to manage currency risks associated with transactions primarily conducted in RMB and USD[125]. Operational Efficiency and Risk Management - The company achieved a total of 9.76 million safe man-hours during the first half of 2021, reflecting strong QHSE management performance[28]. - The company is implementing digitalization and modularization strategies to enhance value creation and risk management[17]. - The company has established a digital management department to accelerate the digitalization and intelligence process, enhancing data analysis, optimization, forecasting, and decision-making capabilities[51]. Employee and Shareholder Information - As of June 30, 2021, the group employed 1,426 staff, a decrease from 1,538 employees as of December 31, 2020, with total employee costs amounting to RMB 272.9 million, representing 10.7% of the group's revenue[129]. - The board members hold a total of 9.94% of the company's shares, with individual holdings ranging from 0.02% to 0.08%[134]. - The company has granted a total of 164.2 million share options to eligible employees under its share option scheme to enhance compensation attractiveness and encourage better performance[129]. Legal and Compliance Matters - Jiangsu Huisheng is involved in a legal case with a subcontractor, with a potential liability of approximately RMB 2.8 million related to project costs and delays[124]. - The audit committee, composed of three independent non-executive directors, reviewed the financial reporting process and internal controls during the review period[161]. - The company has not recognized any additional provisions for six ongoing legal cases, as the likelihood of further payments is considered low based on current evidence[124].

惠生工程 成就美好世界 Ø135H/K 惠生工程技術服務有限公司 （於開曼群島註冊成立的有限公司 股份代號 : 2236） wison 惠生工程技術服務有限公司 2020年年報 目 � 惠生工程 中國領先的 能源化工 EPC 服務 和技術整合解決方案提供商 | --- | --- | --- | --- | |-------|-------|-----------------------------------------------|-------| | | | 惠生工程技術服務有限公司 ▶ 2020年年報 \n目 錄 | | | | | | | | | | 3 \| 公司資料 | | | | | 6 \| 財務概要 | | | | | 9 │ 業務概覽 | | | | | 29 │ 管理層討論與分析 | | | | | 41 │ 董事及高級管理人員履歷 | | | | | 49 │ 董事會報告 | | | | | 68 │ 企業管治報告 | | | | | 80 \| 獨立核數師報告 | | | | | 86 │ 綜合損益表 | | | | | 87 │ 綜合全面收益表 | | | | | 88 │ 綜合 ...

Financial Performance - In the first half of 2020, Wison Engineering reported a revenue of approximately RMB 3,099.8 million, a decrease of 73.1% year-on-year[13]. - The company recorded revenue of approximately RMB 2,314.0 million, a year-on-year increase of 43.6% compared to RMB 1,611.2 million for the same period in 2019[22]. - The company's total revenue increased by 43.6% from RMB 1,611.2 million for the six months ended June 30, 2019, to RMB 2,314.0 million for the six months ended June 30, 2020[76]. - Revenue for the six months ended June 30, 2020, was RMB 2,313,972,000, representing a 43.5% increase from RMB 1,611,231,000 in the same period of 2019[156]. - The total revenue from customer contracts for the six months ended June 30, 2020, was RMB 2,313,972,000, an increase of 43.5% from RMB 1,611,231,000 for the same period in 2019[184]. Profitability - Gross profit was approximately RMB 185.7 million, a decrease of 17.9% from RMB 226.2 million in the same period of 2019[22]. - The gross margin for the EPC segment fell from 13.0% to 7.1%, primarily due to a decline in the gross margin of refining projects[80]. - Profit before tax for the period was RMB 16,657,000, a decline of 52.6% compared to RMB 35,159,000 in the previous year[156]. - Net profit attributable to the parent company was approximately RMB 9.3 million, down 19.2% from RMB 11.5 million in the same period of 2019, primarily due to increased market competition and rising raw material costs[22]. - Profit for the period fell by 20.0% from RMB 11.5 million for the six months ended June 30, 2019, to RMB 9.2 million for the same period in 2020, primarily due to a decrease in overall gross profit[97]. Contract and Project Updates - The total value of new contracts signed during the period decreased significantly due to the impact of the COVID-19 pandemic on the global economy and industry[13]. - The total value of uncompleted contracts was approximately RMB 22,612.5 million, an increase of 3.4% compared to December 31, 2019[13]. - The company successfully entered the municipal engineering sector through the PPP model, with three new PPP projects signed, including a major water supply project in Jiangsu with a design capacity of 430,000 tons per day[23]. - The company achieved a breakthrough in the Middle East by obtaining its first overseas natural gas-to-methanol FEED+EPC project, located in Jubail, Saudi Arabia[30]. - The company signed a total EPC contract for a 600,000 tons/year PDH unit with Shandong Binhua, which is a key project with an investment exceeding 10 billion RMB[38]. Market and Economic Conditions - The international oil market experienced significant fluctuations, with WTI crude oil futures dropping to a historic low of -$37.63 per barrel in May 2020[13]. - In the second quarter of 2020, China's GDP grew by 3.2%, becoming the only major economy to achieve positive growth in the first half of the year, positively impacting the domestic energy and chemical market[15]. - Domestic refining companies benefited from low oil prices, leading to a rapid turnaround from losses to profits in the second quarter[16]. - The olefin industry achieved a profit peak in nearly two years, driven by demand for medical protective products and packaging[16]. Research and Development - The company has increased its strategic investment in technology R&D, adding 2 new patent applications and 8 authorized patents during the reporting period[44]. - The company is actively promoting a national key R&D project on CO2 efficient synthesis of chemical products, aligning with its green and low-carbon development strategy[44]. - Research and development costs increased to RMB 55,274,000 for the six months ended June 30, 2020, compared to RMB 4,896,000 in the same period of 2019[192]. - The company aims to expand its market presence and enhance its service offerings through ongoing research and development initiatives[186]. Financial Position and Cash Flow - As of June 30, 2020, the group's cash and bank balances were RMB 601.5 million, accounting for approximately 12.7% of current assets, down from RMB 814.3 million (19.0% of current assets) as of December 31, 2019[99]. - The company's net cash flow used in operating activities was RMB (583,248,000), significantly higher than RMB (116,512,000) in the previous year, indicating a worsening cash flow situation[167]. - The total cash and cash equivalents at the end of the period were RMB 601,455,000, compared to RMB 563,291,000 at the end of the previous period, showing a slight improvement in liquidity[167]. - The company reported a net cash flow from financing activities of RMB 413,028,000, a substantial increase from RMB (50,882,000) in the same period last year, primarily due to new bank loans of RMB 670,000,000[167]. Strategic Initiatives - The company aims to enhance its core competitiveness through self-developed technology and technical cooperation, optimizing talent and organizational structure[63]. - The company plans to enhance strategic cooperation with leading enterprises and seek quality investment and acquisition opportunities to create a comprehensive ecosystem covering the entire industry chain[71]. - The company is focused on strategic investments in technology and innovation companies, as well as high-quality enterprises[111]. - The company is deepening cooperation with Honeywell to implement digital delivery and smart factory construction in the petrochemical ethylene business[51]. Human Resources - The company has a workforce with 89% holding a bachelor's degree or above, and 40% with a master's degree or higher, enhancing its R&D capabilities[58]. - Employee costs for the six months ended June 30, 2020, totaled RMB 303.0 million, compared to RMB 301.1 million for the same period in 2019, reflecting a slight increase of 0.6%[116]. - The company emphasizes talent development and management capabilities, continuing high-quality training even during the pandemic[19]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules[142]. - The audit committee has reviewed and discussed the unaudited interim results for the six months ended June 30, 2020[145]. - There have been no changes in the directors' biographies that require disclosure since the publication of the 2019 annual report[146].

惠生工程 成就美好世界 Annual Report 2019 年報 wison 年 報 2019 惠生工程技術服務有限公司 (於開曼群島註冊成立的有限公司 股份代號: 2236) 惠生工程技術服務有限公司 2019年年報 目 � 惠生工程 中國領先的 能源化工 EPC 服務 和技術整合解決方案提供商 | --- | --- | --- | --- | |-------|-------|--------------------------------|-------| | | 目 | 惠生工程技術服務有限公司 \n� | 2019 | | | | | | | | 3 | 公司資料 | | | | 6 | 財務概要 | | | | 9 | 業務概覽 | | | | 30 | 管理層討論與分析 | | | | 42 | 董事及高級管理人員履歷 | | | | 51 | 董事會報告 | | | | 71 | 企業管治報告 | | | | 80 | 獨立核數師報告 | | | | 86 | 綜合損益表 | | | | 87 | 綜合全面收益表 | | | | 88 | 綜合財務狀況表 | | | | 90 | 綜合權益 ...

Revenue Growth - The company reported a revenue of 11,507.6 million for the first half of 2019, representing a year-on-year increase of 282.2%[36]. - For the full year 2019, the company expects revenue to reach approximately 23,149.9 million, compared to 75.4% in 2018[36]. - The company reported a revenue increase of 15% year-over-year for Q2 2023, reaching $1.5 billion[41]. - The company provided guidance for Q3 2023, expecting revenue between $1.6 billion and $1.7 billion, representing a growth of 10% to 13%[41]. - The company anticipates a continued upward trend in revenue, projecting a target of 30% growth for the next quarter[51]. - The company reported a revenue of 7.2 billion in 2019, reflecting a year-over-year growth of 15%[77]. - The company reported a total of 6,290,000 active subscriptions as of June 30, 2019, representing a 5% increase year-over-year[136]. - The company reported a revenue increase of 19% year-over-year, reaching $1.2 billion in Q3 2023[197]. Market Expansion - The company plans to expand its market presence in Southeast Asia and Europe, targeting a 15% increase in market share by 2021[36]. - Market expansion efforts are underway in Europe, with a target to increase market share by 5% by the end of 2023[41]. - The company plans to expand its market presence and invest in new product development, aiming for a 25% growth in the upcoming fiscal year[51]. - The company is exploring market expansion opportunities, particularly in Asia, to increase its user base and revenue streams[145]. - The company plans to enter two new international markets by the end of 2024, targeting a 20% revenue increase from these regions[200]. Product Development - New product development initiatives are underway, focusing on sustainable engineering solutions, with an investment of 200 million planned for R&D in 2020[36]. - New product launches included a premium subscription service, projected to generate an additional $200 million in revenue annually[41]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience and engagement[41]. - The company is investing in new product development, particularly in the SABIC and TAKREER collaborations, aiming for innovative solutions[69]. - New product developments are underway, with a focus on enhancing user experience and expanding the product line[170]. Operational Efficiency - The company achieved a gross profit margin of 23.6% for the first half of 2019, indicating a strong operational efficiency[36]. - The company is committed to reducing operational costs by 10% through process optimization and technology integration by the end of 2020[36]. - The company is focusing on enhancing its operational efficiency and reducing costs, with a target of 421.7 million in savings through various initiatives[57]. - The company aims to improve its operational efficiency and reduce costs in response to the current financial challenges[125]. - The company aims to improve its profitability margins, targeting a reduction in net losses by 10% in the upcoming fiscal year[191]. Customer Engagement - User data indicates a 30% increase in customer engagement through digital platforms in the first half of 2019[36]. - User data showed a growth of 20% in active users, totaling 10 million users by the end of the quarter[41]. - Customer satisfaction ratings improved to 85%, reflecting a 10% increase from the previous quarter[41]. - User data indicates a significant increase in active users, contributing to overall revenue growth[130]. - Customer retention rates improved to 85%, reflecting a strong loyalty program[196]. Strategic Acquisitions - The company is exploring potential mergers and acquisitions to enhance its service offerings and expand its technological capabilities[36]. - The company completed a strategic acquisition of a smaller tech firm for $300 million, expected to enhance its product offerings[41]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 300 million allocated for potential deals[81]. - The company is exploring potential acquisitions to enhance its product offerings and market reach[100]. - A strategic acquisition is being considered to enhance technological capabilities and market presence, although details are still under review[145]. Financial Performance - The company achieved a net profit of 226.2 million in the first half of 2019, which is an increase of 11.1% from 203.6 million in the same period of 2018[46]. - The company reported a significant increase in project backlog, amounting to 15 billion, which provides a strong foundation for future revenue growth[36]. - The company reported a net loss of $31.5 million for Q2 2019, compared to a net income of $9.7 million in Q2 2018[177]. - The company reported a net loss of 6,359 in the latest quarter, compared to a loss of 24,381 in the same quarter last year, indicating improved financial health[174]. - The company reported a comprehensive income of 6,250 thousand RMB for the first half of 2019, compared to 8,315 thousand RMB in the same period of 2018[185].

| --- | --- | --- | --- | --- | |-------|---------------------|-------|-------|-------| | | | | | | | | 科技引領 聚力再啟航 | | | | | | | | | | did | --- | --- | |------------------------|-------| | | | | 公司資料 | 3 | | 財務概要 | 6 | | 業務概覽 | 9 | | 管理層討論與分析 | 27 | | 董事及高級管理人員履歷 | 39 | | 董事會報告 | 47 | | 企業管治報告 | 67 | | 獨立核數師報告 | 76 | | 綜合損益表 | 82 | | 綜合全面收益表 | 83 | | 綜合財務狀況表 | 84 | | 綜合權益變動表 | 86 | | 綜合現金流量表 | 87 | | 財務報表附註 | 89 | °公司資料 U r program AND PRODUCTION AND PRODUCTION CONTRACT CONTRACT CONTRACT CONTRACT CONTRACT ...