Bossco(SZ:300422)2022-12-04 09:46Financial Performance - In 2019, the company achieved operating revenue of 324,360.41 million yuan, a year-on-year increase of 19.07% [4] - The net profit attributable to ordinary shareholders was 28,244.43 million yuan, reflecting a growth of 20.30% compared to the previous year [4] - The company reported a significant improvement in operating cash flow year-on-year [4] Market Opportunities - The environmental protection industry is expected to enter a rapid development phase due to supportive government policies, with a projected market scale of 860 billion yuan for soil remediation by 2024 [5] - The waste disposal sector, particularly in garbage incineration, is anticipated to see substantial investment, with an estimated 169.93 billion yuan for new processing facilities during the 13th Five-Year Plan [5] - The market for kitchen waste treatment is expected to reach 861.14 billion yuan this year [5] Technological Advancements - The company has developed a chlorine dioxide preparation system that has achieved international advanced levels, breaking the long-standing foreign technology monopoly [9] - The technology has been industrialized since 2009, with over 40 sets of chlorine dioxide bleaching production lines provided to more than 30 enterprises in 12 countries, producing over 15 million tons of bleached pulp [9] Response to COVID-19 - The company has actively participated in upgrading wastewater treatment systems for designated hospitals during the pandemic, leading to new business opportunities in medical wastewater treatment [8] - The company has donated over a thousand tons of high-purity chlorine dioxide disinfectant to various government departments and institutions for epidemic prevention [11] Strategic Initiatives - The company is focusing on optimizing its business model and enhancing project implementation and payment collection as key priorities for the year [8] - It aims to leverage policy opportunities related to the pandemic to mitigate short-term market fluctuations and improve operational efficiency [8] Research and Development - The company holds 212 patents, including 34 invention patents, and has a patent technology conversion rate exceeding 70% [17] - It has established multiple research platforms, including a national enterprise technology center and a postdoctoral research station, to enhance its innovation capabilities [17] Competitive Landscape - The company acknowledges the competitive advantages in the wastewater treatment sector but aims to improve its net profit margin, which is currently below 10% [23] - The company is committed to continuous innovation and improving its core competitiveness to provide better returns to investors [23]