Bossco(SZ:300422)2020-05-05 16:00Financial 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].