BOMESC(SH:603727)2022-07-29 16:00Financial Performance - The company's basic earnings per share decreased by 71.88% to CNY 0.18 compared to CNY 0.64 in the same period last year[22]. - The net profit attributable to shareholders decreased due to a reduction in operating profit, impacting overall financial performance[23]. - The net cash flow from operating activities decreased, primarily due to increased project expenditures during the reporting period[24]. - The weighted average return on net assets dropped by 4.57 percentage points to 1.59% from 6.16% in the previous year[22]. - The diluted earnings per share also fell by 71.88% to CNY 0.18, reflecting the decline in net profit[22]. - The company reported a significant decrease of 89.66% in basic earnings per share after deducting non-recurring gains and losses, down to CNY 0.06 from CNY 0.58[22]. - The decrease in operating revenue was attributed to a reduction in orders and completed work volume during the reporting period[22]. - The company's operating revenue for the first half of the year was ¥1,562,533,243.71, a decrease of 21.70% compared to the same period last year[27]. - The net profit attributable to shareholders was ¥50,685,741.35, down 65.10% year-on-year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,289,580.79, a decline of 87.75% compared to the previous year[27]. - The net cash flow from operating activities was negative at ¥144,475,025.81, a significant decrease from ¥145,604,294.68 in the same period last year[27]. - The company's total assets at the end of the reporting period were ¥5,262,341,004.10, a slight decrease of 0.30% from the previous year[27]. Market and Strategic Position - The geopolitical situation, particularly the Russia-Ukraine conflict, has led to a significant increase in international energy prices, with Brent crude oil reaching a high of $139 per barrel[33]. - The FPSO market remains active due to high oil prices, with several previously stalled projects being restarted[34]. - The company is exploring opportunities in the lithium battery recycling and hydrogen energy sectors to diversify its business[39]. - The company maintains a strong international market presence, with clients in over 20 countries, including China, Brazil, and the Middle East[38]. - The company emphasizes its long-term relationships with high-end clients, which helps in securing projects and maintaining a competitive edge in the market[37]. - The company has a strong project management team and has successfully delivered multiple large-scale projects, including Wheatstone LNG and Yamal LNG, benefiting from its robust management capabilities[40]. - The company operates in a strategic location with a production base of 760,000 square meters and a 700-meter deep-water dock, facilitating efficient logistics and project execution[43]. - The company plans to pursue a multi-point strategy, focusing on global market orders, including FPSO and LNG projects in the Middle East and Brazil, while exploring new energy projects[49]. Operational Efficiency and Management - The company has implemented internal management optimizations and achieved various quality certifications, enhancing its operational efficiency and market recognition[50]. - The company has effectively managed COVID-19 impacts, ensuring no confirmed cases among employees while maintaining operational stability[51]. - Operating costs decreased by 18.74% to approximately ¥1.40 billion from ¥1.72 billion year-on-year, primarily due to the reduction in operating revenue[58]. - Research and development expenses decreased by 15.67% to approximately ¥64.55 million from ¥76.55 million, indicating a reduction in R&D investment[62]. - The company has strengthened its capital position post-listing, improving its financing environment for long-term investments in the oil and clean energy sectors[45]. Risks and Challenges - The ongoing Russia-Ukraine conflict has created uncertainties in international energy markets, impacting projects like Arctic LNG 2, but also providing opportunities for new orders in other regions[46]. - The company is facing industry cyclical risks that may impact its operations and financial performance[91]. - The company has a sufficient order backlog, but risks exist if project progress slows or oil prices fluctuate significantly, potentially leading to a decline in new orders[94]. - The company is gradually shifting its core business towards less cyclical sectors, such as liquefied natural gas, to mitigate the impact of industry volatility on performance[92]. - The company faces risks related to high customer concentration, as its main clients are major global energy and mining companies, making it vulnerable to changes in industry demand[95]. - The ongoing Russia-Ukraine conflict has created uncertainties in project execution, particularly in the Russian market, which is a key area for the company[98]. - The company is experiencing increased project execution risks due to the COVID-19 pandemic, which has affected global trade and operational efficiency[99]. - The company is under significant market competition pressure, with competitors from various regions, including technologically advanced firms from Europe and the U.S.[101]. Environmental and Social Responsibility - The company donated nearly ¥1 million worth of epidemic prevention materials to support COVID-19 efforts during the reporting period[54]. - The company has actively engaged in community support and employee care initiatives, enhancing employee cohesion and sense of belonging[53]. - The company has implemented solid waste management protocols, with 687.26 tons of scrap steel and 40 tons of scrap wood being fully utilized[123]. - The company’s environmental pollution prevention facilities are in good condition and operating effectively as per environmental assessment requirements[124]. - The company has established agreements with qualified vendors for the recycling of all recoverable waste materials[120]. - 天津博迈科于2022年7月6日因违反《天津市机动车和非道路移动机械排放污染防治条例》被罚款20,000元[128]. - 公司在2022年1月25日向应急局捐赠价值近100万元的防疫物资，以支持抗击新冠病毒肺炎疫情[133]. - 天津博迈科通过ISO 14001:2015环境管理体系认证，持续推行清洁生产，降低水耗、能耗、物耗[129]. Shareholder and Corporate Governance - The company received a warning letter from the China Securities Regulatory Commission due to stock reduction activities by its controlling shareholder[140]. - There were no significant lawsuits or arbitration matters during the reporting period[140]. - The company maintained a good integrity record with no unfulfilled court judgments or significant debts due[141]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[139]. - The company reported a total revenue of 458,325.43 RMB from related party transactions during the reporting period[143]. - The total number of ordinary shareholders as of the end of the reporting period is 30,515[156]. - The top ten shareholders hold a total of 83,096,300 shares, accounting for 28.82% of the total shares[158]. - The total number of shares repurchased by the company through a buyback plan is 6,615,409 shares, equivalent to 2.29% of total shares[159]. Financial Transactions and Guarantees - Total guarantee amount (including guarantees to subsidiaries) is 118,053.54 million RMB, accounting for 35.62% of the company's net assets[147]. - The amount of guarantees provided to subsidiaries during the reporting period totaled 5,404.77 million RMB, with a balance of 118,053.54 million RMB at the end of the reporting period[147]. - The company has provided guarantees totaling 118,053.54 million RMB to Tianjin Bomaike, including 10,000 million RMB for credit business and 108,053.54 million RMB for project performance guarantees[147]. - The company has not disclosed any major related party transactions involving asset acquisitions or sales during the reporting period[144]. - The company has not reported any significant financial transactions with related financial companies during the reporting period[145].