BGT(SZ:300774)2024-08-19 11:24Financial Performance - The company's operating revenue for the first half of 2024 was ¥532,213,520.91, representing a 12.76% increase compared to ¥471,986,786.40 in the same period last year[24]. - Net profit attributable to shareholders was ¥135,398,904.43, up 22.54% from ¥110,496,580.88 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was ¥128,163,517.10, reflecting a 22.09% increase from ¥104,973,851.86 in the previous year[24]. - Basic earnings per share increased to ¥0.3312, a rise of 22.53% compared to ¥0.2703 in the same period last year[24]. - The company's total assets at the end of the reporting period were ¥2,507,903,379.19, a decrease of 10.44% from ¥2,800,153,620.98 at the end of the previous year[24]. - The net assets attributable to shareholders increased by 5.10% to ¥1,526,377,268.89 from ¥1,452,292,913.45 at the end of the previous year[24]. - The net cash flow from operating activities was negative at -¥24,245,445.50, a significant decline compared to a positive cash flow of ¥13,874,908.36 in the same period last year, marking a 274.74% decrease[24]. - The company reported a significant increase in management expenses by 73.97%, amounting to ¥29,548,547.43, primarily due to depreciation costs related to the completed but not yet operational environmental new materials project[73]. - The gross profit margin for water treatment solutions decreased by 0.44%, standing at 36.80%, while the gross profit margin for operational management and technical services improved by 53.74% to 37.59%[76]. Research and Development - The company has obtained a total of 82 invention patents, 142 utility model patents, and 12 software copyrights, including 2 PCT international patent applications and 1 German utility model[39]. - Research and development expenses decreased significantly by 48.03%, totaling ¥12,257,336.15, down from ¥23,587,300.28, due to the focus on the construction of the R&D base[74]. - The workforce has expanded, with R&D personnel now constituting 26% of the total staff, reflecting a commitment to talent development and innovation[71]. - The company aims to continuously optimize its technology routes to maximize the economic benefits of lithium and other resources from salt lakes[48]. Environmental and Compliance - The company emphasizes shareholder rights protection and has improved corporate governance to enhance investor returns[126]. - Environmental compliance is maintained, with wastewater treatment plants adhering to relevant pollution discharge standards[119]. - The company has implemented a comprehensive management system for pollution control, ensuring stable operation and compliance with national standards[122]. - The total discharge of COD (Chemical Oxygen Demand) is 24.49 tons per year, which is within the approved limit of 109.5 tons per year[122]. - The total nitrogen discharge is 9.061 tons per year, also meeting the regulatory standards[122]. - The ammonia nitrogen discharge is recorded at 0.40734 tons per year, compliant with environmental regulations[122]. - The total phosphorus discharge is 0.158 tons per year, which is below the limit of 0.5 tons per year[122]. - The pH level of the wastewater is maintained between 6 and 9, adhering to the required standards[122]. Business Strategy and Market Position - The company focuses on industrial water treatment, high-salinity wastewater resource recovery, and comprehensive development of lithium extraction from salt lakes, leveraging proprietary technologies for water treatment solutions[32]. - The company is positioned as a leader in the industrial water treatment sector, emphasizing technological innovation and customized solutions for various wastewater treatment challenges[39]. - The market for wastewater resource utilization is expanding rapidly due to increasing recognition of its importance in environmental protection and resource conservation[38]. - The company has expanded its service areas to include coking wastewater, biochemistry, electronics, new energy, and new materials since 2021[40]. Investments and Financial Management - The total investment amount for the reporting period was CNY 41,111,131, representing a 36.85% increase compared to the previous year's investment of CNY 760,768,388.89[85]. - The total amount of raised funds was CNY 146,963,049.53 after deducting fees, with CNY 14,890.17 million utilized by the end of the reporting period[90][91]. - The company plans to use the remaining raised funds of CNY 1,036,200 (including interest income) for permanent working capital supplementation[90]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[101]. Shareholder Information - The total number of shares is 408,763,660, representing 100% of the company's shares[161]. - The number of restricted shares is 285,115,555, accounting for 69.75% of the total shares[160]. - The largest shareholder, Qiu Hongquan, holds 43.38% of the shares, totaling 177,338,104 shares[162]. - The company has not reported any changes in shareholding for the period[161]. - The company has not implemented any share buyback programs during the reporting period[161]. Operational Challenges and Risks - The accounts receivable balance is high, with potential risks of bad debts due to long construction cycles and varying settlement terms, which may impact cash flow[107]. - Future profitability is at risk from macroeconomic factors, market conditions, and competition, with a need for continuous innovation and market expansion[107]. - The company is exposed to management risks due to its expanding scale and diverse business operations, necessitating timely adjustments in management practices[108].