Bossco(SZ:300422)2021-04-19 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥570,808,671.12, a decrease of 9.66% compared to ¥631,867,660.25 in the same period last year[9]. - The net profit attributable to shareholders was ¥46,489,058.02, down 23.54% from ¥60,800,271.82 year-on-year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥30,719,705.69, a decline of 43.37% compared to ¥54,242,229.72 in the previous year[9]. - Basic earnings per share decreased by 35.29% to ¥0.11 from ¥0.17 year-on-year[9]. - The company reported a decrease in cash and cash equivalents to CNY 893,358,186.60 from CNY 1,046,478,685.43, a decline of 14.7%[72]. - The company's net profit for the current period is CNY 47,693,334.27, a decrease of 19.8% compared to CNY 59,417,934.03 in the previous period[77]. - The total comprehensive income for the current period is CNY 46,855,234.02, down 20.9% from CNY 59,199,036.95 in the previous period[78]. - The company's tax expenses decreased significantly to CNY 3,676,180.43 from CNY 9,631,814.73, a reduction of 61.8%[77]. Cash Flow - The net cash flow from operating activities was -¥174,861,682.43, worsening by 98.42% from -¥88,126,990.48 in the same period last year[9]. - Total cash inflow from operating activities was 667,466,549.28, while cash outflow was 842,328,231.71, resulting in a net cash flow deficit[85]. - Cash flow from investment activities showed a net outflow of -210,672,532.31, compared to -248,688,273.87 in the previous period, reflecting reduced investment losses[85]. - Cash inflow from financing activities totaled 1,161,562,322.29, with a net cash flow of 162,872,966.63, indicating improved financing conditions[87]. - The net increase in cash and cash equivalents was -131,004,023.50, compared to -81,257,318.45 in the previous period, highlighting ongoing cash flow challenges[90]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,040,476,699.68, a slight increase of 0.31% from ¥12,003,776,802.19 at the end of the previous year[9]. - Total liabilities stand at CNY 9,209,759,485.93, a minor decrease from CNY 9,226,416,076.18, representing a decline of 0.2%[71]. - The company's total current assets amount to CNY 5,156.39 million, a decrease from CNY 5,242.71 million at the end of 2020[67]. - The company's non-current assets include CNY 2,724.56 million in construction in progress, down from CNY 3,659.34 million at the end of 2020[67]. - Long-term borrowings increased to CNY 2,018,946,923.60 from CNY 1,951,482,983.70, showing a rise of 3.5%[69]. Shareholder Information - The company reported a total of 26,644 common shareholders at the end of the reporting period[12]. - The largest shareholder, Guangzhou Environmental Investment Group Co., Ltd., held 13.00% of the shares, totaling 52,753,423 shares[12]. - As of the announcement date, the Vice Chairman and Secretary of the Board, Li Chengqi, has increased his shareholding by 590,727 shares, while Deputy General Manager Chen Guoning has increased his by 562,400 shares, totaling 1,153,127 shares[49]. Strategic Initiatives - The company entered into a strategic partnership with Guangzhou Environmental Investment Group, which became the controlling shareholder, enhancing resource integration and business development[23]. - The company aims to expand its market presence in high-quality regions and secure high-quality market orders as a key operational focus for 2021[25]. - The company is focusing on expanding its market presence in regions such as South China (Guangdong), East China (Zhejiang, Jiangsu), Southwest (Chongqing, Sichuan), and Central China (Hunan, Hubei)[27]. Research and Development - The company has obtained a total of 302 patents, including 40 invention patents, 248 utility model patents, and 14 design patents, along with 57 software copyrights as of March 31, 2021[35]. - The company has developed a near-zero discharge and resource utilization technology system for industrial wastewater, focusing on pharmaceutical wastewater, with key technologies including catalytic electrolysis and advanced oxidation systems[35]. - The company has successfully increased oil recovery to 50% and gas recovery to 20% through the design of an indirect thermal pyrolysis system for oil sludge treatment[37]. Project Investments - The company has completed an investment of 1.034 billion RMB in the Nanning urban river black and odorous water treatment PPP project, achieving an investment progress of 82.64%[33]. - The project for urban river black and odorous water treatment in Nanning has a total investment of 42,089.34 million, with 27,089.34 million already utilized[56]. - The North Bay Resource Recycling Environmental Service Center project has a total investment of CNY 29,000 million, with 89.75% of the investment completed by June 2021[60]. Financial Management - The company plans to issue up to 121,713,938 shares to raise no more than 934.76 million RMB, which will be used to repay bank loans, thereby optimizing its capital structure and reducing financial costs[29]. - The company is focusing on improving cash flow by enhancing accounts receivable collection and expanding financing channels, with an emphasis on projects with strong payment capabilities[44].