Bossco(SZ:300422)2022-04-28 16:00Financial Performance - The company reported a revenue of 2,656.577 million yuan in 2021, a decrease of 26.40% compared to the previous year[4]. - The net profit attributable to shareholders was -514.7683 million yuan, a decline of 363.96% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was -566.7746 million yuan, down 486.46% from the previous year[4]. - In 2021, the company's operating revenue decreased by 26.40% compared to the previous year[14]. - The net profit attributable to shareholders of the listed company fell by 363.96% year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 486.46% compared to the previous year[14]. - The basic earnings per share for 2021 was -¥1.17, a decrease of 325.00% compared to ¥0.52 in 2020[32]. - The company reported a significant drop in quarterly performance, with the fourth quarter showing a net profit of -¥626,789,452.59[35]. - The company’s total revenue for 2021 was ¥2,656,577,027.03, a decrease of 26.40% compared to ¥3,609,417,824.67 in 2020[32]. Operational Challenges - The company faced challenges due to economic downturns, the recurring COVID-19 pandemic, and intensified competition in the environmental governance industry[5]. - The company faces risks such as shrinking downstream market demand, intensified industry competition, and rising operating costs, which may lead to further declines in revenue and profit growth[14]. - The company has indicated uncertainty regarding its ability to continue as a going concern, as reflected in its financial performance[32]. Project Management and Operations - As of the report date, the company had 18 projects in commercial operation and 7 in trial operation, with a total of 20 solid waste (integrated sanitation) operation projects[8]. - The company established nine key PPP project working groups to enhance project management and expedite the settlement of old projects, with 216 projects in the settlement phase[8]. - The company has completed the construction of multiple demonstration projects for organic waste treatment, with stable operation and low operational costs[65]. - The company has successfully developed and tested several sanitation vehicle products, which meet national automotive quality standards and environmental requirements[68]. - The company has implemented various operational models, including EPC and BOT, to enhance project delivery and management efficiency[74][76]. Revenue Structure and Strategy - The company aims to enhance its competitive edge through technological innovation and expand its market presence in industrial wastewater treatment and environmental consulting services[6]. - The company plans to optimize its revenue structure by reducing the proportion of engineering income and increasing equipment sales and operational income[7]. - Environmental comprehensive governance revenue accounted for 68.53% of total revenue, with water treatment contributing CNY 1,541,479,016.12, down from CNY 2,646,118,704.24 in 2020[78]. - The company’s water treatment contracts accounted for 69.09% of new business orders, totaling 2.526 billion yuan[119]. Innovation and Technology Development - The company maintains a leading position in water treatment, soil remediation, and clean production, focusing on high-quality development through innovation and core technology advantages[51]. - The company has established a robust innovation system integrating environmental theory research, key technology development, and industry-education collaboration[53]. - The company has developed a series of technologies for soil remediation, achieving over 90% heavy metal leaching efficiency and meeting urban sewage discharge standards[60]. - The company has developed a chlorine dioxide preparation system that has enabled it to become a major exporter of this technology, capturing an 80% market share domestically and internationally[84]. - The company is committed to continuous research and development, as indicated by the significant number of patents filed in recent months[95]. Financial Position and Liabilities - The company's total liabilities reached 9,272.0683 million yuan, with a high asset-liability ratio of 75.60%[12]. - The net cash flow from operating activities was -405.6914 million yuan for the year 2021, indicating potential liquidity risks[13]. - The company’s monetary funds decreased from 13.89% to 11.37% of total assets, primarily due to a reduction in performance guarantee deposits and acceptance bill guarantees[160]. - Short-term borrowings rose from 15.36% to 19.26% of total assets, indicating an increase in bank loans[162]. Research and Development - The company holds a total of 386 authorized patents, including 45 invention patents, with R&D investment increasing by 3.64% year-on-year[83]. - The company is involved in multiple national key research projects, including the development of high-concentration petroleum pollution soil remediation technology and heavy metal pollution emergency response technology[89]. - The company has developed a new UBEF denitrification filter project aimed at deep nitrogen removal from municipal and industrial wastewater, currently in the industrialization stage[153]. - The R&D project for the treatment of high-salt pharmaceutical wastewater is in the pilot stage, focusing on low-cost resource recovery and pollutant reduction[153]. Market Expansion and Future Plans - The company aims to expand its business in the Guangdong-Hong Kong-Macao Greater Bay Area and the Pan-Beibu Gulf Economic Zone in 2022[118]. - The company is actively expanding into solid waste resource utilization, hazardous waste disposal, and smart sanitation integration, enhancing its manufacturing capabilities for green intelligent environmental protection equipment[52]. - The company is exploring new strategies for market expansion through innovative product offerings and technological advancements[95]. Compliance and Certifications - The company has obtained a hazardous waste management license allowing for the collection, storage, and disposal of 31 categories of hazardous waste, with an annual processing capacity of 16,500 tons for incineration and 30,000 tons for solidification[105]. - The company has safety production licenses valid until February 20, 2024, covering construction operations[101]. - The company’s testing center received CNAS accreditation, meeting the requirements of ISO/IEC 17025:2017 for testing and calibration laboratories[114].