BOW(SZ:300070)2023-08-30 09:48Financial Performance - The company achieved a net profit of 708 million in 2022, recovering from previous years of decline [2] - In the first half of 2023, the company turned a profit of 20.59 million, compared to a loss of 319 million in the same period last year [2] - The EPC order volume increased by over 60% compared to the same period last year [2] Accounts Receivable Management - The accounts receivable stood at approximately 9.7 billion, remaining stable compared to the previous year [3] - The company is actively implementing measures to reduce accounts receivable and has established an incentive mechanism for collections [3] - Various strategies are being explored to recover cash flow, including asset disposal and debt-to-equity swaps [3] Project Development and Strategy - The company has been cautious in pursuing new PPP projects, with only two new projects secured in the first half of 2023 [3] - The focus is on high-quality PPP projects, primarily in water treatment, which provide stable cash flow [3] - The company is expanding into new business areas, including lithium extraction and high-tech membrane applications [2][4] Operational Efficiency - Management expenses and financial costs decreased by 9.75% and 61%, respectively, indicating improved internal management [2] - The company aims to enhance operational efficiency and overall business performance through better management practices [4] - As more projects enter the operational phase, revenue from operations is expected to increase significantly [4]