Bossco(SZ:300422)2024-04-25 15:47Financial Performance - The company achieved operating revenue of 2,003.38 million RMB in 2023, a decrease of 9.91% compared to the previous year[4]. - The net profit attributable to shareholders was -215.89 million RMB, a reduction in losses by 231.61 million RMB year-on-year[4]. - The net cash flow from operating activities was 516.92 million RMB, an increase of 236.88% compared to the previous year[4]. - The company's operating revenue for 2023 was approximately ¥2.00 billion, a decrease of 9.91% compared to ¥2.22 billion in 2022[27]. - The net profit attributable to shareholders for 2023 was approximately -¥215.89 million, representing a 51.76% improvement from -¥448.72 million in 2022[27]. - The net cash flow from operating activities for 2023 was approximately ¥516.92 million, a significant increase of 236.88% compared to ¥153.44 million in 2022[27]. - The total assets at the end of 2023 were approximately ¥10.94 billion, reflecting a decrease of 8.77% from ¥11.99 billion at the end of 2022[29]. - The net assets attributable to shareholders decreased by 9.77% to approximately ¥2.05 billion in 2023 from ¥2.28 billion in 2022[29]. - The basic earnings per share improved to -¥0.43 in 2023 from -¥0.89 in 2022, marking a 51.69% increase[27]. - The diluted earnings per share also improved to -¥0.31 in 2023 from -¥0.80 in 2022, reflecting a 61.25% increase[27]. Business Strategy and Focus - The company plans to focus on business transformation and upgrade, reducing the proportion of engineering project business and emphasizing industrial sectors with competitive advantages[6]. - The company plans to continue its focus on technological advancements and market expansion strategies in the upcoming year[28]. - The company is actively exploring new product development and potential mergers and acquisitions to enhance its market position[28]. - The company is focusing on expanding its presence in the environmental protection sector, particularly in water treatment, in response to national policies promoting ecological sustainability[41]. - The company is evolving its business model from "equipment + engineering" to high-end sectors such as environmental technology services and consulting[50]. - The company aims to enhance its overall profitability and quality by promoting cost reduction and efficiency improvements, as well as optimizing asset management[112]. - The company plans to focus on high-quality orders in the industrial sector and expand into overseas markets, particularly in Southeast Asia, North America, and South America[113]. Research and Development - The company is committed to continuous innovation and R&D, aiming to lead in environmental technology innovation and establish a robust operational mechanism[50]. - The company has established a research platform with over 1,000 technical personnel, focusing on environmental industry development and technological innovation[121]. - The company has obtained a total of 481 authorized patents, including 76 invention patents, with 47 new patents granted during the reporting period[81]. - The company has a strong focus on R&D, as evidenced by the diverse range of new patents filed in the reporting period[96]. - The company is focusing on environmental technology, with several new patents related to wastewater treatment and pollution control systems[98]. Market and Industry Position - The company has achieved a leading position in multiple segments, recognized for core technologies with national and provincial honors, and has products listed in major environmental technology directories[50]. - The company has successfully broken the technology monopoly of foreign enterprises in the field of chlorine dioxide preparation, becoming a major supplier of related technology and equipment internationally[83]. - The company has established a comprehensive service system covering the entire environmental protection industry chain, enhancing its market competitiveness[82]. - The company has been recognized as a champion demonstration enterprise in the manufacturing sector in Guangxi for 2023, highlighting its industry leadership[82]. - The company was recognized as a 2023 model enterprise in Guangxi manufacturing, emphasizing its competitive edge in the industry[126]. Government and Policy Impact - The central government allocated ¥257 billion for water pollution prevention in 2023, which may benefit the company's operations in the sector[42]. - The government is increasingly prioritizing the development of the advanced environmental protection industry, implementing multiple policies to support growth[199]. Operational Efficiency and Cost Management - The company reduced operating costs by approximately 379 million yuan, a decrease of 19.17% year-on-year, with selling expenses down by about 43% and management expenses down by about 23%[123]. - The company has optimized its project implementation model, reducing the proportion of engineering revenue while increasing the share of equipment sales and operational revenue[118]. - The company has implemented strict supervision and control over project expenses to reduce overall investment amounts[190]. Environmental and Technological Innovations - The company has developed a large-scale chlorine dioxide preparation system, significantly reducing investment costs and achieving zero breakthroughs in overseas exports of related products[54]. - The company has developed a complete set of harmless and resourceful treatment technology for aluminum electrolysis waste, successfully completing small and pilot tests[62]. - The company has developed a low-temperature reduction and gradient acid leaching method for the resource recovery of waste lithium batteries, achieving a significant increase in recovery rates for valuable metals[87]. - The company is addressing technical challenges in wastewater treatment for the pharmaceutical industry, particularly high-salinity and high-concentration wastewater[154]. Financial Management and Investments - The company has engaged in the sale of significant equity, with a transaction price of RMB 1,071.65 million, contributing 27.54% to the total net profit[194]. - The company has committed to investing in projects with a total investment of ¥48 million, with adjustments made as necessary[187]. - The total amount of raised funds committed for investment is CNY 42,089.34 million, with a remaining balance of CNY 8,500 million as of December 31, 2023, allocated for temporary working capital[181].