Financial Performance - The company's operating revenue for 2020 was approximately CNY 3.61 billion, representing an increase of 11.28% compared to CNY 3.24 billion in 2019[14]. - The net profit attributable to shareholders of the listed company decreased by 30.95% to approximately CNY 195 million in 2020, down from CNY 282 million in 2019[14]. - The net profit after deducting non-recurring gains and losses was approximately CNY 146.66 million, a decrease of 43.46% from CNY 259.38 million in 2019[14]. - The basic earnings per share for 2020 was CNY 0.52, down 34.18% from CNY 0.79 in 2019[14]. - The total operating income for 2020 was ¥3,609,417,824.67, representing an increase of 11.3% from ¥3,243,604,062.56 in 2019[44]. - The company's environmental comprehensive governance revenue for 2020 reached ¥3,058,067,767.21, an increase of 5.1% from ¥2,910,187,675.77 in 2019[44]. - The company's gross profit margin for the environmental protection industry decreased by 1.54% to 27.34%[113]. Assets and Liabilities - The total assets of the company as of the end of 2020 were approximately CNY 12.00 billion, an increase of 30.73% from CNY 9.18 billion at the end of 2019[14]. - The net assets attributable to shareholders of the listed company increased by 40.34% to approximately CNY 2.51 billion at the end of 2020, compared to CNY 1.79 billion at the end of 2019[14]. - The company's cash and cash equivalents at the end of 2020 were ¥1,668,093,438.84, representing 13.90% of total assets, an increase of 0.63% from the beginning of the year[137]. - The company's total liabilities included short-term borrowings of ¥1,845,019,680.32, which increased by 4.14% year-on-year due to increased bank loans[139]. - The capital reserve increased to ¥980,006,486.47, representing 8.16% of total equity, primarily due to the public issuance of shares[141]. Cash Flow - The cash flow from operating activities increased by 121.77% to approximately CNY 232.47 million in 2020, compared to CNY 104.83 million in 2019[14]. - The net cash flow from operating activities increased by 121.77% to ¥232,471,625.69[132]. - The net cash flow from investing activities was -¥1,279,555,176.09, a decrease of ¥65,850,404.88 year-on-year, mainly due to increased cash payments for fixed assets and intangible assets[133]. - The net cash flow from financing activities was ¥1,293,279,594.17, an increase of ¥51,546,403.07 year-on-year, primarily due to public fundraising and increased bank borrowings[133]. Revenue by Segment - Water treatment revenue amounted to ¥2,637,206,230.06 in 2020, up from ¥2,529,882,779.60 in 2019, reflecting a growth of 4.3%[44]. - Soil remediation revenue increased to ¥410,268,676.05 in 2020, compared to ¥355,108,866.14 in 2019, marking a rise of 15.5%[44]. - The integrated smart sanitation business saw a revenue increase of 120.85% year-on-year, with a significant contract for waste management in Inner Mongolia worth approximately 46 million yuan annually, totaling about 1.15 billion yuan over 25 years[94]. - The professional technical services segment generated revenue of 208.74 million yuan, reflecting a year-on-year growth of 22.62%, with current orders amounting to 228.69 million yuan[95]. Research and Development - The company holds 287 authorized patents, including 38 invention patents, with R&D investment increasing by 17.99% year-on-year[61]. - The workforce includes 1,394 R&D personnel, accounting for 29.60% of total employees, with a significant number holding advanced degrees[64]. - The R&D investment accounted for 5.35% of the operating revenue, up from 5.04% in the previous year[130]. - The company has been recognized as a high-tech enterprise and has multiple research platforms, including a national technology innovation demonstration enterprise[63]. Market and Industry Trends - The environmental protection industry is projected to exceed 2 trillion yuan in scale by 2021 and surpass 3 trillion yuan by 2025, indicating substantial market potential[187]. - The water treatment industry is expected to see accelerated market demand release due to new national policies aimed at pollution prevention and control[49]. - The soil remediation industry is projected to enter a long-term growth phase, supported by new regulations and funding mechanisms[50]. - The solid waste treatment industry is experiencing rapid development driven by new national standards and policies promoting waste management[52]. Strategic Initiatives - The company aims to enhance its leading position in traditional core areas while expanding into solid waste disposal and integrated sanitation services[55]. - The company is committed to sustainable high-quality development, leveraging core technology advantages and continuous innovation[55]. - The company is expanding its overseas business, focusing on markets in ASEAN, Canada, and the United States, while establishing a North American R&D center to foster international collaboration[198][199]. Government and Regulatory Compliance - The company has obtained or updated several key business qualifications during the reporting period, including an engineering design qualification for environmental engineering with a validity period until October 9, 2021[75]. - The company received an engineering cost consulting qualification valid until July 23, 2021, enhancing its consulting capabilities[75]. - The company has been recognized as a key research unit in the Guangxi Industrial Technology Research Institute, enhancing its research capabilities[103].

Financial Performance - Operating revenue decreased by 4.77% to CNY 865,242,481.24 for the reporting period[9] - Net profit attributable to shareholders dropped by 42.68% to CNY 58,722,386.90 compared to the same period last year[9] - Basic earnings per share decreased by 48.28% to CNY 0.15 for the reporting period[9] - Diluted earnings per share fell by 42.86% to CNY 0.16 compared to the previous year[9] - The weighted average return on equity decreased to 2.42%, down by 3.59% year-over-year[9] - Total operating revenue for the current period was ¥865,242,481.24, a decrease of 4.3% from ¥908,554,401.87 in the previous period[42] - Net profit for the current period was ¥58,571,584.89, down 42.2% from ¥101,281,809.29 in the previous period[43] - Total comprehensive income for the current period was ¥58,162,512.18, down 42.5% from ¥101,089,752.52 in the previous period[44] - Net profit for the current period was ¥179,252,417.66, down 25.7% from ¥241,300,825.41 in the previous period[50] - Basic earnings per share decreased to ¥0.49 from ¥0.69, reflecting a decline of 29.0%[51] Assets and Liabilities - Total assets increased by 20.04% to CNY 11,022,668,534.93 compared to the end of the previous year[9] - Total liabilities increased to ¥8,262,279,546.44 from ¥7,184,297,476.41, marking an increase of about 15%[35] - Current assets rose to ¥4,448,012,642.79, compared to ¥3,816,549,544.71 at the end of 2019, indicating an increase of about 16.5%[34] - Total liabilities reached approximately ¥5.58 billion, with current liabilities at ¥4.18 billion and non-current liabilities at ¥1.40 billion[70] - Total assets reached ¥9,182,311,354.05, with current assets at ¥3,816,549,544.71[66] - Total liabilities amounted to ¥7,184,297,476.41, with current liabilities at ¥4,842,215,184.03[67] Shareholder Information - Net assets attributable to shareholders rose by 39.53% to CNY 2,497,653,862.82 year-over-year[9] - The total number of common shareholders at the end of the reporting period was 28,087[14] - The top 10 unrestricted shareholders include Wang Shuangfei with 75,705,752 shares, accounting for a significant portion of the company's equity[15] - The company has not engaged in any repurchase agreements during the reporting period, indicating a stable shareholder structure[15] Cash Flow - Cash flow from operating activities showed a significant decline of 1,055.96%, amounting to CNY -95,099,084.71[9] - Net cash flow from operating activities improved by 40.54% to -¥138,033,471.02 from -¥232,152,421.45, due to increased cash receipts from operations[24] - Operating cash inflow totaled CNY 2,600,210,846.84, an increase from CNY 2,007,083,929.94 in the previous period[61] - Net cash flow from operating activities was CNY 141,712,585.60, a significant improvement from a net outflow of CNY -302,157,824.65 in the previous period[61] Investments and Income - Investment income turned positive at ¥12,405,491.03 compared to a loss of ¥148,466.67 in the previous year, driven by the transfer of equity in Huayuan Bosch Technology[22] - The company reported a 258.55% increase in other income to ¥32,725,840.94 from ¥9,127,356.11, mainly due to government subsidies[22] - The company received CNY 619,877,728.67 from investment, significantly higher than CNY 35,978,600.00 in the prior period[59] Changes in Accounts - Accounts receivable decreased by 34.96% to ¥1,325,359,388.13 from ¥2,037,865,050.83 due to adjustments made according to new revenue recognition standards[20] - Prepayments increased significantly by 231.98% to ¥241,473,346.40 from ¥72,737,697.54, primarily due to prepayments for engineering and material costs[20] - Contract assets reached ¥1,296,667,024.13, reflecting a new classification under revenue recognition standards[20] - Accounts receivable decreased by ¥991,865,149.10, from ¥2,037,865,050.83 to ¥1,045,999,901.73[66] - Inventory decreased by ¥62,327,598.65, from ¥243,523,174.48 to ¥181,195,575.83[66] - The company adjusted accounts receivable down by ¥1.30 billion and increased contract assets by ¥1.41 billion due to the new revenue recognition standards[70] Borrowings - Short-term borrowings rose by 41.85% to ¥1,462,831,470.63 from ¥1,031,261,525.98, attributed to increased bank loans[20] - Long-term borrowings increased by 38.80% to ¥2,002,182,717.65 from ¥1,442,458,303.50, reflecting higher bank financing[20] - The company has a short-term loan of approximately ¥847.02 million and accounts payable of approximately ¥1.24 billion[69] - The company has a long-term loan of approximately ¥311.20 million and bonds payable of approximately ¥329.54 million[70] Other Financial Metrics - Research and development expenses were ¥46,770,666.76, slightly down from ¥47,716,045.24 in the previous period[43] - Financial expenses increased to ¥54,900,384.02, up 13.1% from ¥48,312,724.66 in the previous period[43] - The company reported a credit impairment loss of ¥-25,508,104.84, an improvement from ¥-35,664,783.67 in the previous period[43] - The third quarter report was not audited, which may affect the reliability of the financial data presented[71]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,480,957,586.63, a decrease of 2.55% compared to CNY 1,519,635,344.29 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 122,075,031.82, down 13.62% from CNY 141,315,143.14 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 99,766,801.39, a decline of 29.26% compared to CNY 141,031,306.79 in the same period last year[19]. - The basic earnings per share decreased by 15.00% to CNY 0.34 from CNY 0.40 in the same period last year[19]. - The diluted earnings per share decreased by 12.82% to CNY 0.34 from CNY 0.39 in the previous year[19]. - The weighted average return on equity was 6.59%, down from 8.84% in the same period last year, a decrease of 2.25%[19]. - The total revenue from environmental comprehensive governance for the first half of 2020 was approximately CNY 1.31 billion, a decrease from CNY 1.41 billion in the same period of 2019[52]. - The revenue from water treatment specifically was CNY 1.18 billion in the first half of 2020, down from CNY 1.21 billion in the previous year[52]. - The company reported an operating income of CNY 101.73 million in the first half of 2020, significantly up from CNY 45.85 million in the same period of 2019[52]. - The company achieved operating revenue of RMB 1,480.96 million, a year-on-year decrease of 2.55%[79]. - The net profit attributable to ordinary shareholders was RMB 122.08 million, down 13.62% year-on-year[79]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,373,131,344.34, representing a 12.97% increase from CNY 9,182,311,354.05 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 4.80% to CNY 1,875,942,204.93 from CNY 1,789,994,263.38 at the end of the previous year[19]. - The company has achieved a 37.54% decrease in accounts receivable compared to the end of 2019, attributed to adjustments under new revenue standards[71]. - The company's contract assets increased by 121,769.21 million yuan compared to the end of 2019, reflecting adjustments due to new revenue standards[71]. - The company's total liabilities reached CNY 825,826.32 million, with a debt-to-asset ratio of 79.61% as of June 30, 2020, indicating a high level of financial leverage[131]. - Accounts receivable net amount was CNY 127,287.27 million, and contract assets net amount was CNY 121,769.21 million, together accounting for 58.36% of total current assets, posing a credit impairment risk[133]. Business Operations and Expansion - The company plans to expand its business scope to include the production and sales of disinfectant products and engineering cost consulting services[18]. - The company is actively exploring PPP models for project financing and implementation, enhancing collaboration with government entities[49]. - The company has established a comprehensive service model for urban sanitation, focusing on waste reduction, harmless treatment, and resource recovery[41]. - The company has entered commercial operation for 8 concession projects and is in trial operation for 6 projects[83]. - The company is expanding its hazardous waste disposal business with a new project in Beihai, aiming for a processing capacity of 64,000 tons per year[83]. - The company has signed strategic cooperation agreements with local government and enterprises to enhance its market position in the southwest region[85]. Research and Development - The company holds 239 authorized patents, including 36 invention patents, and is involved in 16 national and provincial research projects[74]. - The company has a research and development team of 836 people, accounting for 19.1% of total employees, enhancing its competitive advantage in technology and business expansion[75]. - The company’s R&D expenses as a percentage of operating income were 3.09%, 3.34%, 5.04%, and 3.76% for the years 2017, 2018, 2019, and the first half of 2020, respectively, reflecting a commitment to innovation[136]. Environmental Responsibility - The company is recognized as a high-tech enterprise and a national technology innovation demonstration enterprise, focusing on comprehensive environmental services[29]. - The company has established a management mechanism and operational procedures for pollution prevention facilities, ensuring compliance with discharge standards[177]. - The company has been recognized for its commitment to environmental responsibility and pollution control measures[176]. - The company has obtained environmental impact assessment approvals and pollutant discharge permits for multiple wastewater treatment plants, ensuring compliance with local regulations[178][179][180]. - The company emphasizes the integration of social responsibility into its development strategy, contributing to various public welfare projects and environmental infrastructure improvements[184][186]. Financial Management - The company reported a significant increase in other income, which rose by 205.82% to CNY 12,274,673.72, primarily due to government subsidies[95]. - The company has implemented standardized safety management and OHSAS18001 to mitigate project safety risks during the execution of environmental projects[138]. - The company has established self-monitoring schemes for pollution sources, ensuring compliance with national monitoring and information disclosure regulations[182]. - The company has developed emergency response plans for environmental incidents, outlining procedures and measures for effective management[181]. Shareholder and Corporate Governance - The company held its first temporary shareholders' meeting with a participation rate of 35.79% on March 16, 2020, and the annual shareholders' meeting with a participation rate of 42.31% on May 19, 2020[144]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[145]. - The company has fulfilled its commitments regarding shareholding and stock reduction as per regulations[146]. - The company terminated the 2019 stock option incentive plan and canceled 12.97 million stock options that had been granted but not exercised[154]. Legal and Compliance - The company has not faced significant impacts on its core competitiveness due to equipment upgrades, personnel changes, or loss of important intangible assets[77]. - The company has no major litigation or arbitration matters during the reporting period, with minor disputes being resolved through mediation[149]. - The total amount involved in other lawsuits as a plaintiff is approximately 14.20 million yuan, with contract disputes accounting for 12.76 million yuan[150]. - The company is currently involved in lawsuits as a defendant, with a total amount of approximately 22.24 million yuan, primarily related to contract disputes[150].

Financial Performance - The company reported a profit distribution plan for 2019, proposing a cash dividend of 1 RMB per 10 shares based on a total share capital of 355,835,250 shares[3]. - The financial report for 2019 was audited by Tianzhi International Accounting Firm, which issued a standard unqualified audit opinion[3]. - The company's operating revenue for 2019 was ¥3,243,604,062.56, representing a year-over-year increase of 19.07% compared to ¥2,724,023,569.51 in 2018[14]. - Net profit attributable to shareholders for 2019 was ¥282,444,334.14, a 20.30% increase from ¥235,263,045.52 in 2018[14]. - The net profit after deducting non-recurring gains and losses was ¥259,377,506.32, reflecting a 10.01% increase from ¥236,252,344.41 in 2018[14]. - The net cash flow from operating activities for 2019 was ¥104,826,712.89, a significant recovery from a negative cash flow of ¥39,798,716.07 in 2018[14]. - The total assets at the end of 2019 reached ¥9,182,311,354.05, marking a 40.54% increase from ¥6,525,506,046.43 at the end of 2018[14]. - The net assets attributable to shareholders increased by 16.32% to ¥1,789,994,263.38 in 2019 from ¥1,531,273,364.33 in 2018[14]. - The company reported a basic earnings per share of ¥0.79 for 2019, up 19.70% from ¥0.66 in 2018[14]. - The company reported a total of CNY 19.72 billion in cash collections for 2019, indicating effective cash flow management[126]. - The company achieved operating revenue of 3,243.60 million yuan, a year-on-year increase of 19.07%[107]. - The net profit attributable to ordinary shareholders of the listed company was 282.44 million yuan, reflecting a year-on-year growth of 20.30%[107]. - The company’s operating cash flow net amount was 105 million yuan, a significant increase from -43 million yuan in the previous year[108]. Business Operations - The company faced risks in its management operations, which are detailed in the section discussing future development prospects[3]. - The company underwent a retrospective adjustment of previous accounting data due to a business combination under common control during the reporting period[12]. - The company has a total of 355,835,250 shares as of December 31, 2019[3]. - The company’s registered address is located at No. 12, Kexing Road, High-tech Zone, Nanning, Guangxi, with a postal code of 530007[9]. - The company’s stock code is 300422, and it is listed under the name "Bossco" on the Shenzhen Stock Exchange[9]. - The company has appointed China International Capital Corporation as its sponsor for the period from October 26, 2017, to June 14, 2019[13]. - The company has established a strong brand reputation and market presence, supported by its core competitive advantages in technology R&D and system integration[81]. - The company has successfully industrialized and exported its two series of chlorine dioxide preparation systems, achieving treatment efficiency at an internationally advanced level[31]. - The company has expanded its overseas market presence, exporting its chlorine dioxide preparation technology and breaking foreign monopolies[73]. - The company has established several subsidiaries, including Jing Shan Bosch Water Co., Ltd. and Liaoning Bosch Ecological Environmental Co., Ltd., which did not significantly impact overall operations[194]. Research and Development - The company has a strong emphasis on innovation and holds the status of a high-tech enterprise and a national technology innovation demonstration enterprise[24]. - The company’s R&D investment accounted for 5.04% of revenue, with a year-over-year increase of 79.67%[72]. - The company holds a total of 207 authorized patents, with a technology achievement conversion rate exceeding 70%[72]. - The company has been recognized as a leading talent hub, with several key personnel included in national talent programs and awards[80]. - The company has developed various new technologies, including a high-temperature chlorine dioxide bleaching method and an integrated system for treating difficult-to-biodegrade wastewater[91]. - The company has developed a series of anaerobic treatment solutions for high-concentration organic wastewater, applicable across various industries[116]. - The company has developed the MCO integrated intelligent sewage treatment system, which has been successfully applied in multiple rural sewage treatment projects, significantly improving production efficiency while reducing costs by approximately 30%[26]. - The company has developed the MCI multi-stage contact bioreactor, designed to meet the discharge standards of GB18918-2002, with the ability to adapt to different water quality requirements[28]. - The company has developed a sodium hypochlorite preparation system that effectively addresses safety risks associated with hazardous chemicals, suitable for disinfection in densely populated areas[36]. - The company has developed a modular and visual design sodium hypochlorite preparation system, applicable in multiple sectors including wastewater treatment and disinfection[37]. Market Trends and Opportunities - The environmental protection industry is entering a phase of quality improvement and efficiency enhancement, with a projected growth rate of 15%-20% for water environment protection products and services over the next five years[56]. - The market space for black and odorous water treatment from 2018 to 2020 is estimated to be approximately 438.7 billion RMB, with a total of 6,038 kilometers of rivers awaiting treatment[57]. - The rural sewage treatment industry is expected to reach a market value of 84 billion RMB by 2020, with a forecast of over 200 billion RMB by 2035[59]. - The soil remediation market is projected to have a market space of approximately 1 trillion RMB for industrial sites and 8.84 trillion RMB for agricultural land by 2020[61]. - The hazardous waste disposal industry is expected to reach a scale of 100 billion RMB by 2020, driven by a compound annual growth rate of 12%[63]. - The environmental equipment manufacturing industry is projected to exceed 1.2 trillion RMB in output value by 2020, with a compound annual growth rate of over 20% since 2010[64]. - The government plans to achieve a 35% recycling rate for household waste in cities implementing mandatory waste classification by the end of 2020[62]. - The investment required to meet the goals set by the "Water Ten Measures" is estimated to be around 4-5 trillion RMB, with approximately 2 trillion RMB needed in the next three years[56]. - By 2030, the proportion of good water quality in seven major river basins is expected to reach 75%[58]. - The environmental protection industry is experiencing a shift towards high-quality growth, with increased competition from state-owned enterprises entering the sector[55]. Strategic Initiatives - The company plans to expand its market presence through integrated environmental solutions and advanced technology services[24]. - The company is actively developing integrated waste management technologies, including a dry aerobic fermentation system and a low-temperature thermal analysis system[40]. - The company has established a smart sanitation integrated cloud platform, leveraging IoT and big data technologies for urban waste management[43]. - The company aims to become a leader in environmental technology innovation and has established seven high-tech enterprises under its umbrella[74]. - The company is focusing on market expansion through innovative solutions for soil and water remediation, including a system for treating heavy metal-contaminated soil[90]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position and expand its service offerings[90]. - The company aims to leverage capital market platforms and its technological strengths to continue innovating product development and improving service quality[83]. - The company signed a strategic cooperation framework agreement with Guangxi Environmental Industry Investment Group to attract state-owned strategic investors, enhancing business resources and funding support[123]. - The company is actively promoting integrated waste management services, including smart waste classification systems and low-temperature pyrolysis technology[118]. - The company aims to strengthen its international presence and participate in the Belt and Road Initiative to enhance its global brand influence[114]. Financial Management - Cash and cash equivalents grew by 66.25% year-over-year, driven by increased sales collections and bank loans[68]. - The company's intangible assets increased by 12.38% year-over-year, mainly due to the acquisition of land use rights[68]. - Long-term receivables rose by 79.17% compared to the previous year, attributed to increased project settlements[68]. - The company has not faced any significant impacts on its core competitiveness due to equipment or technology upgrades, resignations of key personnel, or loss of important intangible assets during the reporting period[83]. - The company has received pollution control facility operation service capability evaluations for both domestic and industrial wastewater treatment, valid until November 27, 2022[95]. - The company has a valid environmental monitoring unit certificate, which is effective until July 2023[99]. - The company has a valid road transport operating license, which is effective until August 2022[99]. - The company has received multiple certifications, including a Class A qualification for municipal environmental cleaning services and a Level 3 safety production standardization certificate[99]. - The company has a Class A qualification for water pollution control and solid waste pollution control, valid until November 2022[97]. - The company has a Class A qualification for industrial solid waste treatment and utilization, valid until January 3, 2023[97]. Project Management - The company has successfully implemented hundreds of environmental remediation projects, establishing a strong project management experience[76]. - The company has been recognized for its PPP projects, with five selected as national demonstration projects by the Ministry of Finance[77]. - The company has completed the development and optimization of several key technologies and equipment, including the "InSH model sodium hypochlorite preparation system" and "UCAR bioreactor" during the reporting period[111]. - The company signed multiple equipment sales contracts totaling approximately 358 million CNY, including a 130 million CNY contract for a PPP project in China[113]. - The company implemented over 50 industrial projects during the reporting period, with more than 30 EPC and EP orders secured[116]. - The company has entered commercial operation for 5 water projects and is in trial operation for 7 projects, indicating growth in operational assets[121]. - The company completed an investment of 765.21 million yuan in the PPP project, achieving an investment progress of 83.36%[135]. - The EPC construction contract recognized revenue of 307.67 million yuan during the reporting period, with cumulative recognized revenue reaching 639.94 million yuan[135]. - The company has added 7 subsidiaries to its consolidated scope during the reporting period[139]. - The company has ongoing investments in environmental projects, with the green intelligent manufacturing project receiving ¥115,447,051.09 during the reporting period[173].

Financial Performance - Total operating revenue for Q1 2020 was ¥631,867,660.25, a decrease of 1.42% compared to ¥640,958,086.12 in the same period last year[8]. - Net profit attributable to shareholders was ¥60,800,271.82, down 14.16% from ¥70,826,639.02 year-on-year[8]. - Net profit excluding non-recurring gains and losses was ¥54,242,229.72, a decline of 21.57% compared to ¥69,162,913.10 in the previous year[8]. - Basic earnings per share decreased by 15.00% to ¥0.17 from ¥0.20 year-on-year[8]. - The company reported a slight decline in revenue and profit in Q1 2020 due to delays caused by the COVID-19 pandemic, affecting project implementation timelines[45]. Cash Flow and Financial Position - The net cash flow from operating activities improved to -¥88,126,990.48, a 20.18% increase from -¥110,402,985.53 in the same period last year[8]. - The company’s cash and cash equivalents decreased to CNY 741,493,147.75 from CNY 815,228,405.53[74]. - Cash and cash equivalents at the end of the period totaled ¥676,037,055.31, a decrease from ¥688,896,616.49 in the previous period[89]. - The company’s financing activities generated a net cash inflow of ¥391,189,419.79, a decrease from ¥544,282,927.66 in the previous period[89]. - The net cash flow from financing activities was -29,620,556.39, a decrease from 299,069,624.22 in the previous period[91]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,865,022,455.81, an increase of 7.44% from ¥9,182,311,354.05 at the end of the previous year[8]. - The company’s total liabilities reached CNY 7,807,773,097.79, up from CNY 7,184,297,476.41, which is an increase of about 8.67%[71]. - Long-term borrowings increased to CNY 1,686,567,432.13 from CNY 1,442,458,303.50, marking a rise of approximately 16.94%[71]. - The company had CNY 288,454,458.47 in inventory as of March 31, 2020, compared to CNY 243,523,174.48 at the end of 2019, representing an increase of about 18.46%[68]. - The total current liabilities rose to CNY 5,231,110,972.04 from CNY 4,842,215,184.03, indicating an increase of about 8.05%[71]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,222[12]. - Net assets attributable to shareholders rose to ¥1,850,612,081.55, reflecting a 3.39% increase from ¥1,789,994,263.38 at the end of the last year[8]. - The largest shareholder, Wang Shuangfei, held 21.28% of the shares, amounting to 75,705,752 shares, with 53,584,367 shares pledged[12]. Operational Highlights - The environmental comprehensive governance revenue was CNY 573.32 million, a decline of 4.48% compared to the same period last year, while water treatment revenue increased by 3.33% to CNY 531.15 million[27]. - The company completed an investment of CNY 808.03 million in the PPP project for urban river black and odorous water treatment, achieving an investment progress of 88.02%[29]. - The company has developed a thermal desorption system for oil sludge treatment, achieving a solid-phase oil content of less than 0.3% after processing, with a heat recovery rate exceeding 70%[32]. - The company has developed new efficient treatment technologies for urban black and odorous water, including lightweight denitrification filter pools and continuous drip filter pools, which are now in demonstration project construction and industrial equipment production stages[33]. - The company aims to deepen its leading position in traditional core areas while expanding into niche markets such as rural sewage treatment and hazardous waste disposal, focusing on regions like South China (Guangdong) and East China (Zhejiang, Jiangsu) for domestic growth[43]. Strategic Initiatives - The company has signed a strategic cooperation framework agreement with Chongqing Solid Waste Treatment Co., aiming to collaborate on ecological restoration projects, including soil pollution and municipal sludge treatment[50]. - The company has obtained approval from the China Securities Regulatory Commission to publicly issue up to 70 million A-shares, which is valid for 12 months from the date of approval[49]. - The company has established Guangxi Keyang Renewable Resources Co., with a registered capital of 30 million yuan, which will be included in the consolidated financial statements starting March 2020[54]. - The company has invested in Zhejiang Environmental Technology Co., acquiring an 18% stake, which will strengthen its strategic foothold in the central China region for water pollution control and soil remediation[52]. Challenges and Responses - The company is actively adjusting its business model and priorities in response to the COVID-19 pandemic, focusing on project implementation and cash collection to mitigate adverse impacts on operations[46]. - The company has increased its efforts in accounts receivable collection and is exploring various financing channels to improve cash flow and enhance risk resilience[46]. - The company has exited several marginal PPP projects that were unable to proceed due to government reasons, optimizing its project portfolio[41].

Financial Performance - The company reported a profit distribution plan for 2019, proposing a cash dividend of 1 RMB per 10 shares based on a total share capital of 355,835,250 shares[3]. - The financial report for 2019 was audited by Tianzhi International Accounting Firm, which issued a standard unqualified audit opinion[3]. - The company's operating revenue for 2019 was CNY 3,243,604,062.56, representing a 19.07% increase compared to CNY 2,724,023,569.51 in 2018[14]. - Net profit attributable to shareholders for 2019 was CNY 282,444,334.14, a 20.30% increase from CNY 235,263,045.52 in 2018[14]. - The net profit excluding non-recurring gains and losses was CNY 259,377,506.32, reflecting a 10.01% increase from CNY 236,252,344.41 in 2018[14]. - The net cash flow from operating activities for 2019 was CNY 104,826,712.89, a significant recovery from a negative cash flow of CNY -39,798,716.07 in 2018[14]. - Total assets at the end of 2019 reached CNY 9,182,311,354.05, marking a 40.54% increase from CNY 6,525,506,046.43 at the end of 2018[14]. - The company's total equity attributable to shareholders increased by 16.32% to CNY 1,789,994,263.38 in 2019 from CNY 1,531,273,364.33 in 2018[14]. - The basic earnings per share for 2019 was CNY 0.79, up 19.70% from CNY 0.66 in 2018[14]. - The diluted earnings per share for 2019 was CNY 0.78, reflecting a 16.42% increase from CNY 0.67 in 2018[14]. Business Operations and Projects - The company engaged in comprehensive environmental services, focusing on water treatment, soil remediation, and clean chemical production during the reporting period[24]. - The company has developed the MCO integrated intelligent sewage treatment system, which has been successfully applied in multiple rural sewage treatment projects, significantly improving production efficiency while reducing costs by approximately 30%[26]. - The MCI multi-stage contact bioreactor has been designed to meet the discharge standards of GB18918-2002, with the ability to adapt to different water quality requirements, and has been successfully implemented in various urban and rural sewage treatment projects[28]. - The UCAR anaerobic reactor has been developed to address high-concentration organic wastewater treatment, achieving over 20% reduction in production costs and successfully applied in several industrial wastewater treatment projects[30]. - The company has successfully industrialized and exported its two series of chlorine dioxide preparation systems, achieving treatment efficiency at an internationally advanced level[31]. - The company has developed a sodium hypochlorite preparation system that effectively addresses safety risks associated with hazardous chemicals, suitable for disinfection in densely populated areas[36]. - The company has developed an integrated smart sanitation cloud platform, enhancing urban and rural waste management services[43]. - The company has established multiple business models, including EPC, BOT, and PPP, to enhance project delivery and operational efficiency[49]. - The company's environmental governance projects include significant contracts such as the Nanning urban river black and odorous water treatment project, contributing to revenue growth[53]. Research and Development - The company has achieved a patent technology conversion rate exceeding 70%, with a total of 207 authorized patents, including 34 invention patents[72]. - The company has increased its research and development investment to 5.04% of revenue, with a year-over-year growth of 79.67%[72]. - The company has a high-quality talent team, including many with overseas study backgrounds, enhancing its competitive advantage in technology research and innovation[79]. - The company has 820 R&D personnel, including over 110 senior titles, 400 mid-level titles, 30 PhDs, and 260 master's degrees[80]. - The company has developed various new technologies, including a high-temperature chlorine dioxide bleaching method and a process for producing chlorine dioxide without generating solid waste[91]. - The company is focusing on expanding its market presence through innovative environmental solutions and technologies[90]. - The company is actively involved in the development of new products aimed at improving waste treatment processes[90]. - The company is leveraging its patented technologies to enhance its service offerings in environmental remediation[91]. Market Trends and Projections - The environmental protection industry is entering a phase of quality improvement and efficiency enhancement, with a projected growth rate of 15%-20% for water environment protection products and services expected to grow by 30%-40% over the next five years[56]. - The investment required to meet the goals set by the "Water Ten Measures" is estimated to be around 4-5 trillion yuan by 2020, with approximately 2 trillion yuan needed in the next three years[56]. - The market space for black and odorous water treatment from 2018 to 2020 is estimated to be around 438.7 billion yuan, assuming 100% completion in major cities[57]. - The rural sewage treatment industry is expected to reach a market value of 84 billion yuan by 2020, with projections exceeding 200 billion yuan by 2035[59]. - The soil remediation market is projected to have a market space of approximately 8.84 trillion yuan for agricultural land and 1 trillion yuan for industrial sites[61]. - The hazardous waste disposal industry is expected to reach a scale of 100 billion yuan by 2020, assuming a compound annual growth rate of 12%[63]. - The environmental equipment manufacturing industry is projected to exceed 1.2 trillion yuan in output value by 2020, with a compound annual growth rate of over 20% since 2010[64]. Financial Management and Investments - Cash and cash equivalents grew by 66.25% year-over-year, driven by increased sales collections and bank loans[68]. - The company's long-term receivables rose by 79.17% compared to the previous year, attributed to an increase in project settlements[68]. - The company has made significant investments in environmental projects, with a focus on green and intelligent manufacturing equipment[171]. - The company raised a total of RMB 430 million through the issuance of 4.3 million convertible bonds at a par value of RMB 100 each, with a net amount of RMB 420.89 million after deducting issuance costs[183]. - The company has fully utilized the funds raised from a non-public offering of shares, totaling ¥53,719.14 million, as of December 31, 2019[177]. - The company has committed to investing in various projects, with a total commitment of RMB 53.62 million, of which RMB 53.72 million has been invested cumulatively[179]. Compliance and Certifications - The company has obtained various construction qualifications, including a first-class general contracting qualification for municipal public works, valid until June 17, 2021[95]. - The company has a safety production license valid until November 23, 2020, for construction safety, ensuring compliance with safety regulations[95]. - The company has received evaluation certificates for pollution control facility operation capabilities, including a secondary level for domestic sewage treatment, valid until November 27, 2022[95]. - The company has certifications for urban centralized sewage treatment facility operation services, with a first-level certification valid until November 5, 2022[95]. - The company holds multiple environmental impact assessment qualifications, including a Class A certificate for environmental impact reports valid until May 30, 2020[97]. Strategic Partnerships and Collaborations - The company signed a strategic cooperation framework agreement with Guangxi Environmental Protection Industry Investment Group to enhance collaboration in wastewater treatment, soil remediation, and solid waste disposal, which is expected to provide more business resources and funding support[123]. - The company is actively participating in the "Belt and Road" initiative to strengthen its international brand presence[114]. - The company has hosted or participated in several significant research projects, including a national-level project on large-scale biogas engineering and a key research project on soil remediation technology[85].

Financial Performance - Operating revenue for the period reached CNY 908,554,401.87, representing a 22.23% increase year-on-year[9] - Net profit attributable to shareholders increased by 48.68% to CNY 102,454,262.67 for the quarter[9] - Basic earnings per share rose by 52.63% to CNY 0.29, while diluted earnings per share increased by 47.37% to CNY 0.28[9] - The company reported a net profit of CNY 243,769,405.81 for the year-to-date, up 39.24% from the previous year[9] - The company's total operating revenue for the current period reached ¥2,428,189,746.16, an increase of 28.4% compared to ¥1,891,765,545.87 in the previous period[66] - Net profit for the current period was ¥108,895,593.90, compared to ¥55,618,724.36 in the previous period, representing a significant increase of 95.7%[64] - The total comprehensive income for the current period was ¥108,895,593.90, compared to ¥55,618,724.36, showing an increase of 95.7%[65] Assets and Liabilities - Total assets increased by 31.62% to CNY 8,589,145,269.04 compared to the end of the previous year[9] - The total liabilities as of September 30, 2019, were CNY 6,635,040,335.73, compared to CNY 4,806,231,963.19 at the end of 2018, indicating a growth of 38.1%[53] - The company's total assets reached CNY 8,589,145,269.04, an increase of 31.5% from CNY 6,525,506,046.43 in the previous year[53] - The total current assets amounted to CNY 3,840,468,724.67, an increase of 32.5% compared to CNY 2,901,483,404.38 on December 31, 2018[51] - The company's total liabilities reached ¥4,806,231,963.19, with current liabilities at ¥2,965,376,829.50[79] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,760[15] - The largest shareholder, Wang Shuangfei, holds 21.28% of the shares, amounting to 75,705,752 shares[15] - The top 10 shareholders did not engage in any repurchase transactions during the reporting period, indicating stable shareholder confidence[18] - The company has not reported any changes in the number of preferred shareholders, maintaining stability in its capital structure[19] Cash Flow and Financing - Cash inflow from operating activities totaled ¥1,385,155,826.57, compared to ¥1,152,803,919.67 in the previous period, showing a growth of 20.2%[72] - The company reported a net cash outflow of 95,830,869.56 yuan in the current period, contrasting with a net inflow of 228,793,810.28 yuan previously[73] - The company received 1,009,347,338.53 yuan from borrowings, a decrease from 1,135,992,000.00 yuan in the previous period, indicating a decline of approximately 11.1%[76] Operational Highlights - Research and development expenses rose by 75.36% to CNY 108,595,048.67, reflecting the company's intensified efforts in new product development[28] - The company signed new contracts worth 25.19 billion RMB during the reporting period, with 19.77 billion RMB attributed to EPC and EP contracts, including 10.40 billion RMB for water pollution treatment[41] - The company has optimized its order structure, focusing on short payment cycle contracts, which ensures reliable cash flow[41] Accounting and Compliance - The company has not made any adjustments to previous years' financial data due to accounting policy changes[9] - There were no significant accounting errors to correct as of the report date[10] - The company has implemented new financial accounting standards effective from January 1, 2019, which may affect future financial reporting[80]

Financial Performance - Total revenue for the reporting period reached ¥1,519,635,344.29, representing a 32.32% increase compared to ¥1,148,437,516.23 in the same period last year[20]. - Net profit attributable to shareholders was ¥141,315,143.14, up 33.11% from ¥106,162,111.99 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥141,031,306.79, reflecting a 36.73% increase from ¥103,142,690.49 in the previous year[20]. - Basic earnings per share increased to ¥0.40, a rise of 33.33% compared to ¥0.30 in the same period last year[20]. - Total assets at the end of the reporting period were ¥7,861,543,827.83, marking a 20.47% increase from ¥6,525,506,046.43 at the end of the previous year[20]. - The company achieved operating revenue of 1,519.64 million yuan, a year-on-year increase of 32.32%[70]. - Operating profit reached 164.98 million yuan, reflecting a growth of 37.20% compared to the previous year[70]. - The company's main business revenue for the first half of 2019 reached ¥1,519,635,344.29, a 32.4% increase from ¥1,148,143,380.34 in the same period of 2018[49]. Operational Overview - The report includes a detailed discussion and analysis of the company's operational conditions and financial performance[8]. - The company has a focus on environmental technology, particularly in wastewater treatment solutions, which is a key area of its business strategy[12]. - The company operates several subsidiaries, including Bossco EnviroTech Canada, which expands its international presence[10]. - The company expanded its business scope to include construction engineering, river and lake remediation, and water conservancy projects as of April 8, 2019[19]. - The company has developed the MCI multi-stage contact bioreactor, which integrates anaerobic, anoxic, and aerobic treatment, achieving compliance with GB18918-2002 standards for wastewater discharge[31]. - The automated production line for MCO multi-stage contact oxidation systems has an annual capacity of approximately 18,000 sets, with production costs reduced by about 30%[29]. - The company has successfully industrialized and exported its BSC series chlorine dioxide preparation systems, achieving treatment efficiency at an internationally advanced level[33]. Market and Industry Insights - The environmental protection industry is expected to grow steadily, with a projected increase in water environment service industry growth rates of approximately 30%-40% over the next five years[55]. - The government plans to invest approximately ¥4-5 trillion in water pollution control by 2020, with a significant focus on enhancing wastewater treatment facilities[55]. - The market for rural environmental comprehensive governance is expanding, aligning with the government's rural revitalization strategy initiated in 2018[57]. - The rural sewage treatment industry is expected to reach a market value of 84 billion yuan by 2020 and exceed 200 billion yuan by 2035[59]. - The theoretical total market capacity for soil remediation in China is approximately 10.1279 trillion yuan, with potential market space of 1.517 trillion yuan for industrial site remediation and 442 billion yuan for agricultural land remediation during the 13th Five-Year Plan[60]. Financial Management and Investments - The company plans to publicly issue up to 70 million A-shares, aiming to raise no more than 710 million yuan for various projects and to enhance its financial strength[79]. - The company has committed to invest a total of RMB 42,089.34 million in various projects, with a cumulative investment of RMB 17,087.38 million by the end of the reporting period, achieving 40.6% of the planned investment[115]. - The company raised RMB 430,000,000.00 through the public issuance of convertible bonds in July 2018, with a net amount of RMB 420,893,396.24 after deducting issuance costs[113]. - The company has approved the use of up to RMB 5 billion of idle self-owned funds for cash management, focusing on low-risk financial products[122]. - The total amount of entrusted financial management during the reporting period reached RMB 11,000 million, with no overdue amounts[124]. Corporate Governance and Compliance - The company emphasizes the importance of reading the full report, particularly the section on risks and countermeasures[6]. - The report period covers January 1, 2019, to June 30, 2019, providing a clear timeframe for performance evaluation[12]. - The company has established a management mechanism and operational procedures for the Chengjiang and Xuan'en wastewater treatment plants, ensuring compliance with pollution discharge standards[182]. - The company has implemented an emergency response plan for environmental incidents, outlining procedures and measures for effective management[184]. - The company has been recognized as a key pollutant discharge unit by environmental protection authorities, indicating its significant environmental impact[180]. Social Responsibility and Community Engagement - The company actively participates in poverty alleviation efforts, focusing on environmental infrastructure construction and employment improvement in impoverished areas[188]. - In 2019, the company donated CNY 200,000 to Guangxi Minzu University to establish a scholarship fund for outstanding impoverished students[190]. - The company plans to continue its poverty alleviation projects, particularly in rural environmental governance and water treatment, to contribute to the "livable countryside" initiative[191]. - The company is committed to enhancing its social responsibility and improving its corporate image through various public welfare activities and poverty alleviation projects[191]. Risks and Challenges - The financial report for the first half of 2019 is unaudited, and investors are advised to be aware of the risks associated with forward-looking statements[4]. - The company has not made any substantial commitments regarding future plans or performance forecasts, highlighting the need for investor caution[4]. - The company reported a net cash flow from operating activities of -¥223,925,607.21, which is a 16.67% decline compared to -¥191,937,252.81 in the previous year[20]. - The company has a significant amount of accounts receivable, totaling CNY 194,712.55 million, which represents 56.67% of current assets[135]. - The company plans to optimize order structure and enhance project collection efforts to improve cash flow[134].

博览世界 科技为先 证券代码：300422 证券简称：博世科 公告编号：2019-077 债券代码：123010 债券简称：博世转债 广西博世科环保科技股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，广西博世科股份有限公司（以下简称"公 司"）将参加由广西上市公司协会、上证所信息网络有限公司、深圳市全景网络 有限公司共同举办的"2019年广西地区上市公司投资者网上集体接待日活动"， 现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登陆"全景·路演天下"网站（http：//rs.p5w.net）或关注微信 公众号：全景网路演天下（qj_lytx），参与公司本次投资者集体接待日活动，活 动时间为2019年5月28日（星期二）14:00至17:00。 届时公司董事会秘书李成琪先生、财务总监陈琪女士将通过网络在线问答互 动的形式，与投资者就公司治理、发展经营情况、融资情况和可持续发展等投资 者关注的问题进行交流。期间，公司高管将 ...

Financial Performance - Total operating revenue for Q1 2019 was ¥640,958,086.12, representing a 23.37% increase compared to ¥519,526,443.46 in the same period last year[8]. - Net profit attributable to shareholders was ¥70,826,639.02, up 16.91% from ¥60,582,365.94 year-on-year[8]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,162,913.10, an increase of 11.40% compared to ¥62,085,618.10 in the previous year[8]. - Basic earnings per share increased to ¥0.20, up 17.65% from ¥0.17 in the previous year[8]. - The company achieved operating revenue of ¥640,958,086.12, a year-on-year increase of 23.37%[26]. - Net profit attributable to shareholders reached ¥70,826,639.02, reflecting a growth of 16.91% compared to the same period last year[26]. - The company reported a significant increase in other income, amounting to ¥1,660,221.20, which is a 484.54% increase primarily due to government subsidies[23]. - The company’s income tax expense increased by 45.57% to ¥14,868,597.56, driven by an increase in total profit[23]. - The total profit for the period was ¥84,499,395.25, compared to ¥69,184,132.72, reflecting an increase of approximately 22.1% year-over-year[84]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥110,402,985.53, a 41.59% reduction in loss from -¥189,018,605.54 in the same period last year[8]. - The company’s cash and cash equivalents increased by 37.46% to CNY 1,006,475,051.25, primarily due to increased sales receipts and additional bank loans[20]. - Cash generated from operating activities was ¥449,480,480.74, compared to ¥264,623,028.17, showing an increase of approximately 69.8% year-over-year[90]. - Cash inflow from financing activities reached CNY 950.88 million, significantly higher than CNY 579.77 million in the prior year[92]. - The ending cash and cash equivalents balance was CNY 688.90 million, up from CNY 135.71 million at the end of the previous period[92]. - The company has received 90 million RMB in loans from its actual controller, which will be used to support its working capital needs[51]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,144,989,364.31, a 9.49% increase from ¥6,525,506,046.43 at the end of the previous year[8]. - Total liabilities reached ¥5,353,634,236.79, up from ¥4,806,231,963.19, reflecting an increase of approximately 11.4%[77]. - Long-term borrowings increased significantly to ¥1,578,996,800.00 from ¥1,129,030,000.00, a growth of about 40%[77]. - Non-current liabilities rose to ¥2,317,804,738.96 from ¥1,840,855,133.69, an increase of about 25.9%[77]. - Current liabilities totaled ¥3,035,829,497.83, up from ¥2,965,376,829.50, reflecting a growth of approximately 2.3%[77]. - The company's debt scale has been increasing, with liabilities of 262,721.02 million RMB, 480,623.20 million RMB, and 535,363.42 million RMB at the end of 2017, 2018, and March 2019 respectively, resulting in asset-liability ratios of 67.00%, 73.65%, and 74.93%[45]. Research and Development - R&D expenses increased by 45.23% to CNY 23,161,668.22, reflecting the company's enhanced focus on research and development[22]. - The company has filed for a total of 161 patents, including 29 invention patents and 132 utility model patents, as of March 31, 2019[29]. - The company is advancing the development of new technologies, including a new UMAR reactor for organic waste treatment, which has completed its pilot phase[30]. - The company has made progress in municipal wastewater treatment technology, with practical equipment already applied in engineering projects[30]. - The company developed a green and efficient soil solidification/stabilization agent (B-MSM series) for high-risk cadmium and arsenic contaminated soil, successfully applied in multiple sites[32]. Strategic Initiatives and Projects - The company has secured new orders worth ¥30,326.15 million in energy-saving and environmental protection projects during the reporting period[28]. - The company signed new contracts worth ¥629 million, with a total backlog of contracts amounting to ¥14.237 billion, including ¥11.414 billion for water pollution control[37]. - The company has established a strategic cooperation with local enterprises in Xinjiang for a historical oil sludge treatment project, with a contract value of approximately ¥235 million[40]. - The company is in the pilot stage of developing a permeable reactive barrier (PRB) technology for in-situ remediation of heavy metal contamination in groundwater[32]. - The company has postponed the expected completion date of the "Nanning Urban Inner River Black and Odorous Water Body Treatment Project" from May 2019 to October 2020, reallocating RMB 150 million of unused funds to new projects[53]. Corporate Governance and Management - The company plans to grant 15 million stock options to 301 employees, with an exercise price of 11.76 RMB per share, as part of its stock option incentive plan[43]. - The company aims to enhance its capital management and reduce debt risks by expanding equity financing channels and improving accounts receivable collection efforts[45]. - The company has established a special account for the management of raised funds and signed a tripartite supervision agreement to protect investor rights[68]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[70][71]. - The company has not audited its first-quarter report[104].