SPC(SZ:002573)2022-11-21 15:46Financial Performance - The company's net profit attributable to shareholders for the first three quarters reached 347 million CNY, exceeding last year's 210 million CNY [2] - The gross profit margin improved from 14.22% in 2020 to 23.75% by the end of Q3 2021, indicating a recovery from the impacts of the pandemic and international oil prices [2] Business Segments - Environmental governance accounted for approximately 75% of total revenue in the first three quarters, primarily from flue gas and water environment treatment [3] - The resource recycling segment turned profitable in Q1 2021, achieving nearly 30 million CNY in net profit for the first three quarters, following a loss last year due to low oil prices [3] - The energy-saving segment generated over 200 million CNY in revenue during the first three quarters, contributing positively to overall performance [3] Order Growth - The company's engineering orders doubled from 2.04 billion CNY in 2020 to 4.08 billion CNY by the end of Q3 2021 [3] - New energy construction orders are estimated between 1.5 billion to 2 billion CNY, with non-electric orders surpassing electric orders [3] Strategic Developments - The company is transitioning from traditional industrial flue gas treatment to a diversified environmental service provider, expanding into water services, solid waste, and soil remediation [3] - The company is actively participating in new energy projects in response to national carbon neutrality goals and has invested in quality companies with mature technologies [3] Future Outlook - The water services segment is expected to become a significant revenue contributor, with projected net profits exceeding 200 million CNY next year [5] - The company aims to integrate its services across gas, water, and solid waste management, enhancing its position as a comprehensive environmental service provider [5]