Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue was RMB 2,138 million, an increase of 12.5% compared to RMB 1,900 million in the previous year[2]. - The gross profit for the same period was RMB 436 million, up 11.5% from RMB 391 million, with a gross margin of 20.4%, slightly down from 20.6% year-on-year[2]. - The net profit for the year was RMB 237 million, resulting in a net profit margin of 11.1%, while adjusted net profit, excluding fair value changes of financial assets, was RMB 232 million, a rise from RMB 227 million in the previous year[2]. - The company's pre-tax profit was RMB 274 million, compared to RMB 176 million in the previous year, reflecting a significant increase[6]. - Total comprehensive income for the year was RMB 237 million, compared to RMB 157 million in the previous year[7]. - The company reported a net profit attributable to ordinary shareholders of RMB 240,184 thousand for 2023, an increase from RMB 151,749 thousand in 2022, reflecting a growth of approximately 58.2%[120]. Assets and Liabilities - The company's total assets as of December 31, 2023, amounted to RMB 3,068 million, an increase from RMB 2,849 million in the previous year[12]. - Current liabilities were RMB 1,117 million, slightly down from RMB 1,134 million in the previous year[9]. - The company reported a net asset value of RMB 3,069 million, up from RMB 2,849 million year-on-year[12]. - Total assets minus current liabilities increased to RMB 3,221,801 thousand in 2023, up from RMB 2,992,784 thousand in 2022, representing a growth of approximately 7.7%[29]. - Current liabilities totaled RMB 1,796,996 thousand in 2023, slightly up from RMB 1,732,520 thousand in 2022, reflecting an increase of about 3.7%[28]. - Trade receivables amounted to RMB 1,181,509 thousand in 2023, up from RMB 872,121 thousand in 2022, indicating a year-over-year increase of about 35.4%[121]. - The company reported a decrease in trade payables to RMB 1,117,380 thousand in 2023 from RMB 1,134,240 thousand in 2022, reflecting a reduction of approximately 1.5%[123]. Dividends - The board has proposed a final dividend of HKD 0.03 per ordinary share for the fiscal year ending December 31, 2023[2]. - The company proposed a final dividend of HKD 0.035 per share for 2023, an increase from HKD 0.030 in 2022, totaling RMB 31,969,000 compared to RMB 27,652,000 in the previous year[77]. Research and Development - Research and development expenses for the year were RMB 56 million, compared to RMB 59 million in the previous year, indicating a stable investment in innovation[25]. Market and Operations - The company operates primarily in China, with nearly all non-current assets and revenue generated from this market[63]. - The company is actively expanding its market presence in both power and non-power sectors, leveraging policy opportunities to drive growth[80]. - The company is involved in multiple BOT projects, with significant investments such as RMB 496 million for the Xinjiang Shenhuo project and RMB 281 million for the Guangxi Laibin project, indicating a strong commitment to infrastructure development[83]. - The company signed 14 new water treatment projects, significantly increasing its market share in industrial wastewater treatment[92]. - The company is actively expanding its water treatment services across various industries, including coking, steel, metallurgy, pharmaceuticals, and papermaking[157]. Environmental Initiatives - The company is focusing on upgrading inefficient air pollution control facilities as part of the national action plan to improve air quality, which is expected to benefit the industry in the long term[79]. - The company aims to develop into a leading "environmental dual-carbon management platform" and is focused on achieving carbon neutrality while meeting customer needs[124]. - The company is actively pursuing green and low-carbon transformation in the steel industry, supporting enterprises in achieving ultra-low emissions[110]. - The company is focusing on the development of green factories in the electronic information manufacturing sector, as encouraged by recent government policies[154]. Governance - The board consists of three executive directors, four non-executive directors, and four independent non-executive directors, ensuring a balanced governance structure[74]. - The financial statements are prepared in accordance with International Financial Reporting Standards and presented in RMB, with all values rounded to the nearest thousand[53]. Growth and Future Outlook - The company is positioned to capitalize on the growing market opportunities in the environmental protection sector as China's economy transitions towards high-quality development[87]. - The company anticipates continued growth in its water treatment segment, driven by its successful entry into new markets[92]. - The group plans to increase the reuse rate of reclaimed water in water-scarce cities to over 25% by 2025, with the construction of 100 green low-carbon benchmark sewage treatment plants[127]. - The dual-carbon new energy projects are part of the group’s strategy to enhance energy efficiency and carbon reduction capabilities by 2025[128].
博奇环保(02377) - 2023 - 年度业绩