Bossco(SZ:300422)2022-12-03 10:20Financial Performance - In 2018, the company achieved operating revenue of 2,724.02 million CNY, a year-on-year increase of 85.49% [4] - The operating profit for 2018 was 277.20 million CNY, up by 66.40% compared to the previous year [4] - The net profit attributable to shareholders was 235.26 million CNY, reflecting a growth of 60.37% year-on-year [4] - For Q1 2019, the company reported operating revenue of 640.96 million CNY, a 23.37% increase from the same period last year [4] - The net profit attributable to shareholders in Q1 2019 was 70.83 million CNY, up by 16.91% year-on-year [4] Market and Investor Relations - The company emphasizes the importance of market value management and aims to maximize shareholder interests [5] - The company maintains independence in its financial operations, ensuring no shared "fund collection accounts" with related parties [5] - The management is committed to enhancing communication with investors and improving operational management to boost profitability [5] Business Development and Strategy - The company is actively expanding its solid waste disposal and soil remediation services, with significant projects in various provinces [8] - As of April 2019, the company had contracts worth approximately 657 million CNY in soil remediation, including 416 million CNY for oil sludge disposal projects [8] - The company is focusing on technological innovation and has established multiple research and development platforms to enhance its competitive edge [9] Debt and Financing - The company has a high bank credit limit, with approximately 1 billion CNY available for financing, indicating no current obstacles in bank financing [7] - Measures to reduce the asset-liability ratio include improving receivables collection and promoting high-quality revenue growth [7] Stock Options and Incentives - The company has implemented a stock option incentive plan, issuing 15 million shares with a strike price of 11.76 CNY per share [20] - The options will be exercised in three phases over three years, contingent on meeting performance conditions [20] Future Outlook - The management expresses confidence in achieving a net profit growth of no less than 40% in 2019 compared to 2018 [20] - The company plans to continue its focus on core business areas to enhance performance valuation levels [5]