SPC(SZ:002573)2022-11-22 02:58Financial Performance - In 2020, the company reported an increase in revenue compared to the previous three years, but total operating costs also rose significantly due to adjustments in revenue and costs for construction projects as per new accounting standards [2] - The company's profit in 2020 was impacted by the pandemic and a decline in international oil prices, but revenue and profit began to show an upward trend starting from Q1 2021 [1][2] Business Expansion and Acquisitions - The company has completed the acquisition of 16 waste heat power generation projects, with profits expected to be consolidated starting from Q1 2021 [2] - The acquisition of Deep Water Consulting is expected to enhance the company's market presence in the Guangdong-Hong Kong-Macao Greater Bay Area and improve its water management capabilities [2][4] Strategic Goals - The short-term goal is to become a leading enterprise in industrial environmental comprehensive governance, while the long-term goal is to be a domestically leading and internationally renowned comprehensive environmental service provider [5][6] - The company plans to expand its business in the Southwest region of China and overseas energy-saving environmental markets, focusing on wastewater treatment, ecological restoration, and carbon reduction [5][6] Financial Health - As of Q1 2021, the company had a cash balance of CNY 1.793 billion and a debt-to-asset ratio of 47%, indicating strong liquidity and debt repayment capability [5] - The company aims to reduce accounts receivable risks by implementing a collection mechanism and assigning responsibility for receivables [6] Carbon Neutrality Initiatives - The company is actively exploring carbon emission reduction technologies and has established a strategic partnership with Shanghai Environment Exchange to collaborate on carbon neutrality initiatives [4][7] - The company has developed leading technologies in the power generation sector, which are crucial for carbon capture and reduction efforts [7][11] Market Engagement - The company has been working to improve its market visibility and attract institutional investors, having conducted investor research activities in March 2021 [4][9] - The management emphasizes the importance of maintaining effective communication with the capital market to enhance investor confidence [7][9]