Bossco(SZ:300422)2021-04-19 16:00Financial 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].