Financial Performance - For the year ended December 31, 2022, the revenue of China Boqi Environmental amounted to RMB 1,900 million, representing a decrease of 9.2% compared to the previous year[12]. - The gross profit for the same period was RMB 391 million, with a gross profit margin of 20.6%, reflecting an increase of 0.8% and 2.1 percentage points year-on-year[13]. - The net profit for the year was RMB 156 million, with a net profit margin of 8.2%. Excluding fair value changes and investment income, the adjusted net profit was RMB 227 million, down 6.2% from last year[14]. - The Group's total revenue for the year ended December 31, 2022, was RMB 1,900,248 thousand, a decrease from RMB 2,092,172 thousand in 2021[26]. - Gross profit for the year was RMB 390,778 thousand, slightly up from RMB 387,559 thousand in the previous year[26]. - Profit for the year was RMB 155,658 thousand, down from RMB 348,402 thousand in 2021[27]. - The Board recommended a final dividend of HK$3.00 cents per ordinary share for the year ended December 31, 2022, compared to HK$7.40 cents in 2021[21]. Business Segments - Revenue from the flue gas treatment business segment was RMB 1,510 million, with 10 new EPC projects added, totaling a contract value of approximately RMB 429 million[15]. - The water treatment business segment generated revenue of RMB 271 million, with three new projects and a total contract value of approximately RMB 295 million[16]. - The revenue from the hazardous and solid waste treatment/disposal business segment was RMB 12 million for the year ended December 31, 2022[19]. - The dual-carbon energy saving business segment generated revenue of RMB 108 million for the year ended December 31, 2022[20]. Operational Developments - As of December 31, 2022, the Group had 23 operational O&M projects, expanding its service scope to include power generating units[15]. - The Group accumulated 7 concession operation projects, all of which have been successfully put into operation, supporting stable development[15]. - The Group secured three new water treatment projects with a total contract value of approximately RMB 295 million during the reporting period[18]. - The company achieved new contracts with an accumulated value of approximately RMB 1,519 million during the reporting period, indicating substantial business diversification breakthroughs[51]. Market Strategy and Challenges - The company faced challenges in 2022 due to the COVID-19 pandemic, resulting in reduced order volume and income[36]. - The percentage of new orders from key customers increased to 70% in 2022, reflecting a strategic focus on customer relationship management[40]. - The company plans to further open up the market for hazardous and solid waste treatment/disposal business through strategic planning[19]. - The company is focusing on expanding its business areas, particularly in pollution abatement, carbon reduction, and clean production, aligning with the high-quality development goals of environmental governance[44]. Leadership and Management - Mr. Zeng Zhijun has been the Chairman and CEO since January 30, 2015, and is responsible for the overall management of the Group[56]. - The company has a senior management team that includes Ms. Qian Xiaoning, who has been with the company since 2007 and is responsible for managing human resources and legal compliance[104]. - The board of directors includes members with extensive backgrounds in finance and law, enhancing corporate governance[94]. - The company has expanded its management team with several vice presidents, including Ms. Wang Hui, who joined in 2019 as the chief financial officer[104]. Environmental Commitment - The company is committed to achieving carbon neutrality and enhancing customer satisfaction, aligning with national environmental protection trends[154][156]. - The company is developing integrated platforms for environmental protection and dual-carbon management, aiming to contribute positively to ecological civilization construction[154][156]. - The focus on scientific and technological innovation in ecological governance is essential for addressing environmental challenges during the "14th Five-Year Plan" period[166]. - The company emphasizes the importance of ecological protection and pollution prevention as part of its strategic deployment for the future[44]. Project and Contract Highlights - The company operates 23 O&M projects, expanding its services from environmental protection facilities to generator unit maintenance, including the first 135 MW supercritical gas-powered generating set in China[186]. - The total installed capacity of O&M projects includes 6×350 MW, 2×600 MW, and 2×1000 MW units, contributing to a stable cash flow[189]. - The largest contract was for the Master Contracting Project of No. 1 Sintering Machine, valued at RMB 115 million, aimed at flue gas purification[184]. - The Group's concession operation business includes desulfurization, denitrification, and green island projects, contributing to its operational foundation[196].
博奇环保(02377) - 2022 - 年度财报