博世科(300422) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,528,668,611.55, representing a 3.22% increase compared to CNY 1,480,957,586.63 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 28.33% to CNY 87,492,242.52 from CNY 122,075,031.82 year-on-year[22]. - The net cash flow from operating activities was negative at CNY -436,517,511.88, a significant decline of 916.71% compared to CNY -42,934,386.31 in the previous year[22]. - Basic earnings per share fell by 35.29% to CNY 0.22 from CNY 0.34 in the same period last year[22]. - The diluted earnings per share for the reporting period was CNY 0.23, down 32.35% from CNY 0.34 in the previous year[22]. - Financial expenses increased by 34.13% year-on-year, while sales expenses rose by 35.57%, contributing to the decline in net profit[42]. - The company reported a significant increase in operational revenue of CNY 27.44 million, up 169.77% year-on-year, primarily from urban river black odor treatment and water supply projects[50]. - The company achieved operating revenue of CNY 1,528.67 million in the first half of 2021, representing a year-on-year growth of 3.22%[54]. Assets and Liabilities - Total assets increased by 7.17% to CNY 12,864,447,646.02 from CNY 12,003,776,802.19 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company rose by 2.67% to CNY 2,579,069,350.49 from CNY 2,512,087,087.75 at the end of the previous year[22]. - The company's cash and cash equivalents at the end of the reporting period were 1,621,412,194.11 yuan, accounting for 12.60% of total assets, a decrease of 1.30% from the previous year[90]. - The company’s accounts receivable increased to 1,800,589,917.20 yuan, representing 14.00% of total assets, an increase of 1.45% compared to the previous year[90]. - The company’s total liabilities included short-term borrowings of 2,503,769,525.78 yuan, which accounted for 19.46% of total assets, an increase of 4.09% from the previous year[90]. - The company’s total liabilities amounted to 1,001,664.88 million yuan, with a debt-to-asset ratio of 77.86%[137]. Business Operations and Projects - The core business focuses on comprehensive environmental governance solutions, including water treatment, soil remediation, and solid waste disposal[29]. - The company has developed key technologies for industrial wastewater resource utilization and ultra-low emissions, significantly impacting traditional industries' energy conservation and sustainable development[30]. - The company has completed over 300 soil and groundwater remediation projects, enhancing its competitive edge in the soil remediation sector[33]. - The company secured new business orders totaling CNY 2.4 billion, including over 60 EP, EPC, and O&M projects across various industries such as paper, food, pharmaceuticals, and chemicals[46]. - The company has entered commercial operation for 15 concession projects and is in trial operation for 7 projects, with ongoing expansion in waste management and oil sludge treatment sectors[50]. - The company has implemented a strategy to optimize its order structure, reducing the proportion of unoperational PPP project investments from 60% to below 50%[50]. - The company is focusing on project settlement and receivables management, having completed settlements for 91 projects and is in the final stages for 203 projects[48]. Research and Development - The company holds 300 authorized patents, including 41 invention patents, and is involved in 19 national and provincial research projects[73]. - The company has a high-quality management team with 1,463 R&D personnel, representing 28% of total employees, including 35 PhDs and 301 master's degree holders[74]. - Research and development expenses for the company were 9,104.94 million yuan, 16,358.97 million yuan, 19,302.63 million yuan, and 5,590.15 million yuan for the years 2018, 2019, 2020, and the first half of 2021, reflecting a strong commitment to innovation[142]. Environmental Compliance and Initiatives - The company is classified as a key pollutant discharge unit by the environmental protection department[155]. - The company has implemented pollution control measures to comply with the Class A standard of urban wastewater treatment[155]. - The company has established a wastewater reuse system to enhance environmental sustainability[155]. - The company is committed to reducing its environmental impact through continuous improvement in wastewater treatment processes[155]. - The company has established a comprehensive environmental monitoring plan in accordance with national regulations for key monitored enterprises[163]. - The company has implemented emergency response plans for environmental incidents in compliance with relevant laws and regulations[162]. Corporate Governance and Shareholder Relations - The company held an extraordinary general meeting on February 25, 2021, to elect new board members due to an early board restructuring[148]. - Zhang Xueqiu was elected as the chairman of the fifth board of directors on March 1, 2021[150]. - The company did not plan to distribute cash dividends or issue bonus shares for the half-year period[151]. - The fifth board of directors and supervisory board were elected to enhance corporate governance following a change in the controlling shareholder[149]. - The company has maintained a commitment to shareholder returns, consistently implementing reasonable profit distribution plans since its listing[171]. Related Party Transactions - The company expects total daily related party transactions for 2021 to not exceed RMB 589.50 million (including tax)[181]. - The actual daily related party transaction amount with Guangzhou Environmental Investment Group and its subsidiaries during the reporting period was RMB 15.78 million[181]. - The company has a loan balance of RMB 120 million from Guangzhou Environmental Investment Group as of the report date[185]. - The company has repaid all loans from major shareholder Wang Shuangfei[185]. - The company’s related party transactions did not exceed the approved limits during the reporting period[181]. Social Responsibility - The company has actively engaged in social responsibility initiatives, including poverty alleviation and educational support, contributing a total of 240,000 yuan in donations for flood relief efforts in Henan[167]. - The company has conducted 31 grassroots activities in the first half of 2021, reaching over 16,000 participants through its science popularization initiatives[167]. - The company has implemented waste classification management in its headquarters and some subsidiaries, promoting recycling and proper waste disposal practices[168].