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 ...