Jiangsu United Water Technology (SH:603291)2023-09-27 23:56Financial Performance - In the first half of 2023, the company achieved operating revenue of 54,487.76 million yuan, an increase of 7.88% compared to the same period last year [2] - The net profit attributable to shareholders of the parent company was 6,620.75 million yuan, representing a growth of 34.71% year-on-year [3] - The net profit after deducting non-recurring gains and losses was 5,481.13 million yuan, up by 37.92% compared to the previous year [3] Market Position and Strategy - The company has a broad business layout and significant influence in the water industry, responding to the national "Belt and Road" strategy by expanding from a single business to a comprehensive service model [3] - As of June 30, 2023, the number of shareholders reached 22,370 [3] Project Developments - The "Xiangning District Integrated Urban and Rural Water Supply Project" has been under construction since 2022, aiming to increase water supply capacity from 20,000 m³/d to 50,000 m³/d, expanding the service population from 110,000 to 180,000 [3] - The "Jingzhou Economic and Technological Development Zone Industrial Wastewater Treatment Plant Phase II" project has officially commenced operations, while the "Tongxiang Shenhe Wastewater Treatment Plant Upgrade Project" is currently under construction [3] Profitability Analysis - The gross profit margin for the wastewater treatment business increased significantly to 41.46%, up from 29.04% in the same period last year, marking a rise of 12.42 percentage points [4] - The increase in gross profit margin is attributed to an 18.29% decrease in chemical costs for wastewater treatment, indicating effective cost control [4]