BOW(SZ:300070)2023-05-19 11:11Group 1: Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of 708 million, a growth of 21.36% compared to 2021 [2] - In Q1 2023, the net profit attributable to shareholders was 48.16 million, representing a year-on-year increase of 28.08% [2] - Financial expenses in 2022 decreased by 180 million compared to 2021, while sales and management expenses each decreased by over 100 million [2] Group 2: Strategic Collaborations and Market Expansion - The company's growth is supported by collaboration with China Communications Construction Group, participating in multiple projects across various regions [2] - Internationally, the company is expanding into markets in the Middle East and Africa, with projects in Bangladesh and Pakistan [2] Group 3: Core Competencies and Technological Focus - The company aims to enhance membrane technology, which is its core competitive advantage, through integrated research and development, manufacturing, and application [2] - Key business areas include wastewater resource utilization, high-quality drinking water, seawater desalination, lithium extraction from salt lakes, and zero industrial discharge [3] Group 4: Investment Challenges and Future Outlook - Investment losses are primarily attributed to Yunnan Water, Liangye Technology, and Deqingyuan, with Yunnan Water reporting a loss of 1.158 billion [3] - The company is actively working on improving the operational quality and financial status of these investments [3] Group 5: Innovations in Wastewater Treatment - The company has developed the ICWT technology for decentralized wastewater treatment, successfully implemented in thousands of rural wastewater treatment stations [4] - A unique operational model combining large and small treatment stations has been established to reduce management costs and improve efficiency [4]