What is the mobile phone system of Huawei P7?

　　The mobile phone system of Huawei P7 is based on the Android 4.4.2 system deeply optimized Emotion UI 2.3 system.

　　The Huawei P7 body size is 139.8×68.8×6.5mm, with a 5.0-inch screen, so the overall body is naturally larger than the Huawei P6. The thickness of 6.5mm is also thicker than the 6.18mm of the P6, but it is still a very slim mobile phone. The body frame is still made of aluminum alloy, and the whole body is quite integrated. So what is the mobile phone system of Huawei P7?

　　The upper left corner of the back of the Huawei P7 is a 13 million pixel camera and a single LED flash. The camera uses SONY’s latest 4th generation stacked sensor with an F2.0 aperture. The lens does not protrude, and the entire back is very flat, which can be completely flat on the desktop.

　　In addition, Huawei P7 has the function of floating button. The new version of the floating button adds a semi-transparent effect, with intelligent movement, automatic fading and other animation effects. The floating button can be opened in the drop-down shortcut menu, or in the system settings. The floating button has several functions: return, homepage, multiple windows on the same screen, lock screen, and memory cleaning. In the case of hiding the navigation key, you can use the floating button instead of the operation.

Can Huawei P7 be upgraded to Android 4.3?

　　Huawei P7 uses the Emotion UI 2.3 system that is deeply optimized based on Android 4.4.2.

　　In terms of configuration, Huawei P7 uses its own HiSilicon Kirin 910T 1.8GHz quad-core processor, 1.8GHz main frequency, 2GB RAM + 16GB ROM, and supports a maximum of 64GB memory expansion. 5.0-inch 1080P resolution IPS screen, using in-cell technology, the front and back bodies cover the third-generation Corning Gorilla Glass.

　　Huawei P7 has 13 million pixel rear + 8 million pixel front-facing camera, the main camera adopts F2.0 aperture, Sony 4th generation stack sensor. Based on Android 4.4.2 customized Emotion 2.3 operating system and 2500mAh capacity battery. Support 5-mode 10-band, support TD-LTE, TD-SCDMA, GSM, FDD-LTE, WCDMA (the latter two only support international roaming).

　　In response to the question of what is the mobile phone system of the Huawei P7, in addition, the Huawei P7 has a very obvious improvement in heat control compared to the Huawei P6. First, because it does not use an all-metal body, and second, the power-saving management will reduce the performance, reduce power consumption and heat generation. When running large-scale games or running scores, the back of the mobile phone is comparable to that of the general mobile phone, and there is no longer an obvious hot feeling from the P6. And because the frame is still made of metal, the heat generation of the frame will be a little higher than that of the machine.

Jackie Chan (center) and Yu Dan (right) attend the opening ceremony of "China Story" on August 9. Photo by Cao Ji

Lei Yulan (right), Vice Governor of Guangdong Province, unveils the "Guangdong Hut". Photo by Cao Jili

　　　　At the opening ceremony of the 2008 Olympic Games in Beijing, China presented a beautiful freehand painting of Chinese civilization to the world. Just a few hours after the emotion and passion had not yet cooled, another wonderful Chinese legend kicked off in the public area of the Olympic Park. A large-scale cultural exhibition called "China Story" was officially opened in the public area of the Olympic Park on the morning of August 9. Leaders and representatives of the Beijing Olympic Organizing Committee and 30 provinces, autonomous regions and municipalities across the country, as well as stars such as Jackie Chan, Zhou Huajian, Mok Wen Wei, Yu Dan, sociologists and 30 representatives of folk artists appeared on the same stage to tell Chinese stories.

　　Jackie Chan burst into tears at the opening ceremony

　　At 10 am, the Chinese story and culture exhibition area in the public area of the Olympic Park unfolded a huge scroll with seals engraved with the names of 30 provinces, regions and cities, which dyed the beautiful and quiet public areas in the past with a cultural atmosphere. During the Beijing Olympic and Paralympic Games, more than 30 "auspicious cloud huts" will display China’s national cultural heritage and the vibrant ethnic and folk cultures of various regions through live handicraft performances and audience participation and interaction. Stars and folk artists such as Jackie Chan and Yu Dan became the biggest highlights of the opening ceremony.

　　Jackie Chan and Yu Dan, who have made Hollywood famous for Chinese kung fu and become the pride of all Chinese people, and who have become famous promoters of the revival of Sinology in the new century by promoting traditional culture, when the two heavyweight guests gathered at the opening ceremony to talk about "China’s story in the eyes of the world", they collided with a lot of ideological sparks. "We should build a small courtyard and put some things on it so that people around the world can see our Chinese culture." Jackie Chan said that he was present at the opening ceremony the night before, and he cried when the torch was lit. "This is not the first time I have cried for the Beijing Olympics. As a Chinese, the Olympic Games are held in my own country, and on such an occasion, no one can suppress the excitement. The Chinese are good, and the opening ceremony is a perfect start." Like Jackie Chan, Yu Dan, a scholar, said the opening ceremony would give the world a better understanding of Chinese culture. "I hope that Chinese culture can use the platform of the Olympic Games to go to the world and let the world see the real wonders of China."

　　Zhou Huajian and his mixed-race son sing on stage

　　"Everyone is equally useful. Volunteer, invariably. Forget yourself, and be open-minded. I am a star, embellishing the sky…" As a special pair of volunteers at the opening ceremony, Zhou Huajian and his son took the stage to sing the volunteer theme song "I am a star". Referring to his mixed-race son Zhou Houan, Zhou Huajian was very proud. "We are both volunteers for the Olympic Games. Before the opening of the Olympic Games, he had already reported to his assigned area – ‘China Story’. I heard from the staff that he was very diligent. He helped my brother and sister who were filming documentaries carry the machines every day and went out on location, which made my father a lot of light." Joining Zhou Huajian and others at the Olympic Park to help promote Chinese culture during the Olympic Games, Mok Wenwei and Sun Nan also sang passionately on stage, kicking off the "China Story".

　　According to reports, in the more than 30 auspicious cloud huts in the Chinese Story Exhibition Area of the Olympic Public Area, the best national intangible cultural heritage retained by various provinces, regions and cities will be highlighted in a space of 60 to 80 square meters. Jiangsu brocade worth tens of millions, wonderful and moving Kunqu Opera performances, interesting Shaanxi shadow puppets, hidden entrances in Chongqing face-changing, colorful and fragrant sugar paintings… The "Chinese Story" cultural exhibition activities use novel and diverse forms of display such as pictures, real objects, multimedia audio-visual arts, combined with live handicraft performances and audience participation and interaction, to vividly tell friends from all over the world about the beauty of Chinese culture.

　　Related Links: Guangdong Cottage

　　Among the more than 30 auspicious cloud huts in the "Chinese Story" exhibition area, the Guangdong hut of "Yueyun Chaofeng" is quite eye-catching. In the hut, audiences from all over the world can enjoy exquisite gold wood carvings, tide embroidery, wide embroidery, wide color, ceramics, Duan inkstone and other art treasures, and experience the long-standing Lingnan culture. That morning, Vice Governor Lei Yulan attended the opening ceremony of China Story, unveiling the "Guangdong hut".

　　Among the exhibits, it was revealed, was a giant gold wood carving from Chaozhou, the "treasure of the town house" of "Guangdong Hut" – about 1.8 meters high and more than 2 meters wide, with the theme of the "Bird’s Nest" in the National Stadium, showing the moving scene of birds coming and dancing around the "Bird’s Nest".

Editor in charge: Li Dan

On June 16th, the "AITO Ask the World M5 Series · Huawei Advanced Intelligent Driving Edition Urban Intelligent Driving Experience Day – Wuhan Station Media Field" event was held in the AITO Authorized User Center · Wuhan University Park Road, and a number of mainstream media were invited to participate in the intelligent driving experience. This event aims to invite the media to actually experience the HUAWEI ADS 2.0 advanced intelligent driving system and Hongmeng intelligent cockpit 3.0, and experience the powerful advantages of the "Double Intelligent Ceiling" Ask the World M5 intelligent driving version in terms of intelligence, performance, safety and comfort.

At the same time, the 2023 Guangdong-Hong Kong-Macao Greater Bay Area Auto Show officially opened in Shenzhen. AITO asked the world all models appeared at the auto show and held the delivery ceremony of the first batch of owners of the AITO asked the world M5 Huawei high-end intelligent driving version, marking the official start of the national large-scale delivery of the M5 intelligent driving version. This is another milestone event after AITO asked the world to complete 100,000 cars in only 15 months on May 27. On the day of the event, the first batch of delivery ceremonies of the Wuhan AITO asked the world M5 intelligent driving version were also held. A customized delivery and pickup session was held for the first five owners on the spot.

Q Jie M5 smart driving version has been officially listed on April 17, its official guide prices are, extended version: rear drive smart driving version price 279,800 yuan, four-wheel drive smart driving version price 299,800 yuan; EV version: rear drive smart driving version price 289,800 yuan, four-wheel drive smart driving version price 309,800 yuan. The car is the first model equipped with HUAWEI ADS 2.0 high-end intelligent driving system and Hongmeng intelligent cockpit 3.0 at the same time, realizing an intelligent driving experience that is infinitely close to L3.

Yu Chengdong, executive director of Huawei, CEO of end point BG, and CEO of smart car solutions BU, said at the delivery ceremony: "Thank you to the first batch of owners for choosing the Wenjie M5 smart driving version, which is equipped with a million luxury car-level all-aluminum chassis to bring extreme control. The innovative intelligent range extension technology makes it have abundant power and extremely low energy consumption at all times. Hongmeng smart cockpit and HUAWEI ADS 2.0 high-end intelligent driving solution" Double Smart Ceiling "create an intelligent car experience. Moreover, we will be the first to land the urban NCA function that does not rely on high definition maps in 15 cities in the third quarter, bringing a safer and more comfortable travel experience for people and smart drivers."

Equipped with HUAWEI ADS 2.0 high-level intelligent driving system, the Q & A M5 smart driving version is equipped with 1 overhead lidar, 3 millimeter-wave radars, 11 high definition cameras and 12 ultrasonic radars. Superimposed with new antenna technology, the signal is doubled, and high-speed and urban high-level intelligent driving functions that do not rely on high-precision maps are realized, bringing a pleasant high-level intelligent driving experience. On the basis of the fusion of BEV (Bird Eye View Aerial View) sensing ability, the Q & A M5 smart driving version is the first GOD network in the industry, which can identify special-shaped objects outside the whitelist of general obstacles. Combined with the road topology reasoning network, it can be driven with pictures and no pictures, so that vehicles can see, understand, and drive better.

The Wenjie M5 Smart Driving Edition is equipped with a HarmonyOS 3 smart cockpit. The intelligent perception in the car goes further, allowing the car to adapt to people and realize all-round automatic adjustment of seat position, HUD height, and rearview mirror position. At the same time, a number of new software and hardware technologies are loaded: the first boarding of spatial audio technology, combined with 19 units of professional-grade audio, allows users to visit the performance scene of the National Grand Theater in person; the rear HUAWEI MagLink magic suction car interface, which can be connected immediately to realize multi-device linkage, such as controlling the content watched by children on the rear tablet, front and rear team games, dual-screen access to conferences, etc., makes the Wenjie M5 Smart Driving Edition easily become the user’s exclusive study, game hall or conference room. HarmonyOS 3 also further integrates the car and mobile phone: the PC car-machine interconnection function makes the temporary office in the car more efficient; the address navigation circulation function in the mobile phone application allows the car to be navigated at a touch of the mobile phone.

In terms of power, the M5 Smart Driving Edition is equipped with HUAWEI DriveONE pure electric drive platform and HUAWEI DATS dynamic adaptive torque system and other technologies, with a pure electric battery life of 255km and a long comprehensive battery life of 1425km. In terms of space, the rear leg space of the M5 Smart Driving Edition is optimized to 870mm, allowing passengers to sit for a long time without getting tired; the trunk volume is 369L, and the rear row can be expanded to 776L after being laid down. With 3500W reverse charging, it still supports more than 800km of battery life after a week of camping in the wild, easily meeting travel needs.

The launch of the AITO Qinjie M5 series · Huawei high-end intelligent driving version not only enriches the choice of car buyers for the current AITO Qinjie models, but also elevates the intelligence of new energy vehicles to a new height, making driving more "intelligent". I believe that under Huawei’s deep empowerment, Qinjie cars will be favored by more users.

Song and Ming antiques worth over ten million yuan

　　Guangzhou Daily reported on March 30Shenzhen Public Security Bureau Futian Branch reported yesterday afternoon that the victim Chen lost two boxes of Song and Ming antiques worth over 10 million yuan in a taxi. After several days of tracking, the Futian police station of the branch successfully recovered the lost items.

　　Lost antiques in a taxi

　　According to Li Yaoqiang, director of the Futian police station, on the evening of March 17, Mr. Chen went to the police station to report that he had taken a taxi to the Bank of China Building on the Fuhua section that day and left the two boxes of valuable antiques he was carrying in the taxi. He did not ask the taxi driver for a taxi invoice when he got off the bus, nor did he remember the license plate number or the company the car belonged to, so he had to ask the police for assistance in finding it.

　　The police went to the Shenzhen Public Security Bureau’s monitoring center to retrieve and view relevant videos, and found a driver of a taxi company among thousands of taxis. The police immediately contacted the taxi driver, but the driver provided evidence that he was not carrying Mr. Chen at that time, and the clue was interrupted.

　　After three days of tracking, the police still couldn’t find Mr. Chen’s taxi, so the police went back to help Mr. Chen carefully recall the day’s ride. After carefully checking Mr. Chen’s mobile phone, the police finally locked down Mr. Chen’s actual ride time.

　　On the afternoon of March 21, the police in the monitoring center quickly found the video surveillance video of Mr. Chen taking a taxi with antiques that day, and determined the time of Mr. Chen’s ride from the time shown in the video, that is, 18:58 on March 17 instead of the 19:07 Mr. Chen originally said. After that, the police successfully arranged the taxi Mr. Chen was taking among the large number of taxis through the ride time and route.

　　The police quickly rushed to a taxi company and found the taxi driver who was carrying Mr. Chen that day. The driver said that he could not contact the owner. The next day, he took the two boxes left by Mr. Chen back home. The driver cooperated with the police to investigate and quickly returned the antiques.

　　At 16:00 that day, the police handed over two boxes of antiques to Mr. Chen in perfect condition.

Editor in charge: Wang Jiaolong

First financial news, AITO is speeding up the listing of new cars. Huawei Terminal announced on September 10th that it will release the new M7 five-seat car on September 12th. With the release of new cars, the matrix of AITO vehicles will include M5, M5 pure electric version, M5 intelligent driving version, M5 pure electric intelligent driving version, M7 and M7, and it is planned to release M9 in the fourth quarter.

AITO Wenjie is a brand jointly launched by Huawei and Cyrus. At present, there is a big gap between the sales volume of the industry and the new force of making cars on the head. As a representative of Huawei’s intelligent car selection model, Huawei urgently needs to prove its ability to ask for cars.

In August, the sales of nine new car-making forces, including Ai ‘an, Ideality, Weilai and Deep Blue, all exceeded 10,000, and the delivery volume of AITO was 5,018.

In the case of sluggish sales in the world, Huawei’s auto business has shown signs of being more enterprising recently. In addition to speeding up the listing of new cars, in June this year, Huawei also received 21 "Jiejie" trademarks, which was interpreted by the industry as that Huawei will have the leading role in Jiejie trademarks and become a unified brand name for Huawei’s smart car selection model in the future. In July, the "AITO Joint Working Group on Marketing and Service" set up by Cyrus Auto and Huawei began to be fully responsible for the end-to-end closed-loop management of marketing, sales, delivery, service and channels, marking the strengthening of cooperation between the two parties. From the perspective of products in the second half of the year, the new M7 and M9 models are undoubtedly the most concerned.

Cross-border sales are under pressure

Yu Chengdong, managing director of Huawei, CEO of BG and CEO of BU, a smart car solution, has previously revealed some information about the new M7 model. According to Weibo, the model has 3338mm interior space and 686L trunk volume. Yu Chengdong also highlighted the safety attributes of the new M7. In addition, the M9 full-size SUV will also be launched at the end of the year.

The launch of new cars is very important for the international community to boost sales. Since the beginning of this year, international sales have been under pressure. According to the production and sales data of Celestial, the sales of Celestial cars in July and August this year dropped by 45.69% and 67.52% year-on-year, which contributed to the year-on-year decline in sales in the first eight months of this year. The reporter learned from the Celestial Securities Department that in its production and sales express, the source of Celestial automobile sales is mainly from the world.

"In the first quarter, the promotion of the automobile industry caused users to have a wait-and-see mood. The user’s expectation that the M5 version will be released in the second quarter has a certain impact on the sales of existing models." Cyrus explained the reason for the decline in sales in the first half of the financial report.

AITO WeChat official account also stopped disclosing monthly delivery this year. According to the scattered data, AITO delivered 4,585 new cars in April this year, 5,629 in May and 5,018 in August, and there is no good news that the monthly delivery has exceeded 10,000. Compared with last August, the delivery volume of the industry exceeded 10,000 vehicles, reaching a peak of 12,000 vehicles in October.

According to the data of the Association, in the ranking of wholesale sales of new energy passenger cars in August this year, Sailis sold 5,018 vehicles, which did not rank among the 20, lagging behind the new car-making forces with monthly sales exceeding 10,000, such as Guangzhou Automobile Ai ‘an, Ideality, Weilai, Zero Run, Tucki and Nezha.

While the sales volume problem is anxious, Cyrus and Huawei have not tasted the sweetness in performance since the delivery. In 2022, thanks to the higher selling price of M5 and M7 and the increase in sales volume, the revenue of Cyrus doubled year-on-year. However, due to the increase in sales expenses and investment in R&D, the loss doubled year-on-year, reaching 3.832 billion yuan. In the first half of this year, Cyrus did not turn losses, and its revenue also decreased by 11.14% year-on-year.

It is also doubtful how much performance increment the car business can bring to Huawei. In 2022, Huawei’s smart car solution business revenue was 2.077 billion yuan, accounting for only 0.3% of the total revenue. If the cumulative investment of smart car solution BU is 3 billion US dollars, the business is still losing money. In the first half of this year, the smart car solution business revenue was 1 billion yuan, equivalent to half of last year’s annual revenue, and it seems to be standing still.

Yu Chengdong is under a lot of pressure whether it can bring the sales volume of the industry together and set a benchmark for Huawei’s car business. Since the beginning of this year, Yu Chengdong has been a frequent platform for the world, and its Weibo has twice mentioned that it has spent a lot of money on the new M7 model, saying that this model has "newly invested 100 million yuan to upgrade its interior and exterior" and "spent 500 million yuan to upgrade and build it". In July, Yu Chengdong warmed up the new M7 at the exchange meeting with distributors and suppliers, and in August, he appeared at Chengdu Station to promote the model.

Regarding the sales volume, Yu Chengdong previously responded that the sales volume is only the result of a certain development stage, and what is reflected behind it is actually the relationship with users. Due to lack of experience and experience, I took some detours. At this time, I need to give full play to my own advantages, be determined, and insist on making the ultimate products. Yu Chengdong revealed that in the face of external shocks, the company will speed up improvement, such as optimization in retail, service, delivery and other fields this year, and at the same time optimize the mechanism, increase unannounced visits to stores and other means to enhance the overall service capacity.

Adjustment of cooperative relationship

Since the beginning of this year, it has been frequently speculated that Huawei is devoting itself to building cars, and there are even rumors that Huawei BU wants to seek independence. The root cause of the rumors is that Huawei’s car business has not brought obvious increase and its development prospects are still unclear. In fact, outside Celeste, which has the deepest cooperation with Huawei, many car companies are considering cooperation with Huawei, and the cooperation relationship has undergone adjustment.

At present, the cooperation between Huawei and car companies is divided into three categories, namely vertical parts supply, HI(HuaweiInside) and Huawei Intelligent Selection. HI mode provides full-stack smart car solutions for car companies, and Huawei Intelligent Selection mode is deeply involved in product definition, styling design, marketing and user experience. The cooperation depth of these three models is from shallow to deep.

In the cooperation between car companies and technology manufacturers, who has the "soul" is a controversial issue, especially for Huawei, which has always been strong in product control, car companies will inevitably choose carefully. Some auto industry analysts told reporters that with the competition of new energy vehicles entering the second half, profits will gradually tilt towards electronicization and intelligence, and automakers are wary of cooperation with technology manufacturers.

In March this year, Guangzhou Automobile Ai ‘an AH8 project changed its HI cooperation mode with Huawei and changed it into a component supplier mode. AH8 will be independently developed by Ai ‘an. Some car companies have made two preparations. In April this year, the cooperation mode between BAIC Extreme Fox and Huawei changed from HI mode to intelligent car selection mode. At the same time, BAIC started its own research. At the end of August, Beiqi polar fox koala opened for pre-sale, and this model is positioned as the world’s first smart parent-child car. The reporter learned from Beiqi Blue Valley Securities Department that koala has no cooperation with Huawei. In addition, Chery, Jianghuai and Huawei have cooperated in car selection. Among them, Chery and Huawei have jointly launched a number of smart electric vehicles, and Chery is also developing an independent new energy brand iCAR.

Huawei is aware of the challenges it faces. At the "China Electric Vehicle committee of 100 Forum 2023" in April this year, Yu Chengdong said frankly that among domestic partners, new forces are unlikely to choose Huawei intellectually, international giants will not choose it for some reason, and traditional car companies will not choose it if they are afraid of losing their souls, which makes Huawei face great challenges.

Even in the face of the dynamic adjustment of the cooperative relationship with car companies, in recent years, when Huawei emphasized the stability of cash flow and gave up heavy assets to enter the automobile production, Huawei still responded many times and denied the path of building cars independently. At the beginning of this year, Ren Zhengfei, founder and CEO of HUAWEI, issued a decision announcement, stressing that "Huawei" or "Huawei" should not be used in vehicle promotion and appearance, and the time limit of "Huawei does not build cars" should be extended by five years.

Under this circumstance, in the limited cooperation with car companies, how Huawei can achieve the maximum benefit and the most ideal commercialization goal has become a core issue. In August, it was reported that Huawei made strategic adjustments to its BU business to reduce investment in non-core business and put money to the cutting edge. However, Huawei officials did not respond to this news.

In terms of business strategy, in the foreseeable time, the high probability of asking the world will still be the most important force point of Huawei’s car business. The new M7 and M9, which will be released on the 12th, will become the biggest concern of the international community in the second half of the year.

Original title: Q will release the new M7 model. How long will Huawei "build a car" window?

[EV Vision Report] There have been many remarkable events in the field of new energy vehicles this week. You don’t have to worry about missing these wonderful contents. EV Vision will summarize the hot events in the field of new energy vehicles this week for you.

Zero Run released its annual financial report for 2022, with a total annual revenue of 12.385 billion yuan.

Recently, Zero Car released its full-year financial report for 2022. In 2022, 111,168 units were delivered, a year-on-year increase of 154%. The annual revenue was 12.385 billion yuan, a year-on-year increase of 295%. In terms of sales network, by the end of 2022, there were 582 stores in Zero Run, which doubled year-on-year and covered more than 180 cities.

In terms of gross profit margin, it greatly improved from -44.3% in 2021 to -15.4% in 2022, and narrowed to -8.1% in the second half of 2022, and the gross profit margin improved rapidly. The retail run adopts the dealer model, so the dealer rebate is deducted from the sales income. After deducting the impact of rebates, Zero Run has achieved a positive gross profit margin in the second half of 2022.

In terms of operating profit, the expense ratio (sales expenses, management expenses and R&D expenses) is low during the zero-run period. With the improvement of vehicle product structure and the expansion of sales scale, it is expected to achieve profit faster. At the same time, the utilization rate of zero-run funds is high. From its establishment in 2015 to the end of 2022, the delivery volume and financial performance have reached the level of the first echelon of new forces.

The centralized electronic and electrical architecture will be carried in a brand-new model launched in the second half of 2023, realizing mass production of supercomputing platform with high integration, high platform rate, high communication rate and rapid iteration.

In terms of overseas markets, the first batch of overseas stores landed in Israel in 2022. In 2023, Zero Run will gradually expand its global network in Europe, Southeast Asia and the Middle East, continuously expand overseas markets, further accelerate the strategic layout of globalization, and help improve the pace of overseas delivery.

Geely Automobile released its financial report for 2022, with revenue of 148 billion yuan for the whole year.

Recently, Geely Automobile announced its 2022 financial report. The data shows that Geely Automobile achieved revenue of 148 billion yuan in 2022, a year-on-year increase of 45.6%. The net profit of returning to the mother was 5.26 billion yuan, up 8.5% year-on-year. The total cash level rose by 20.4% to 33.7 billion yuan, a record high.

Specifically, in 2022, the sales volume of new energy products (including Geely, Geometry, Lectra, Krypton and Ruilan) was 329,727 vehicles, up over 300% year-on-year, and the monthly new energy penetration rate exceeded 30% for many times.

In 2022, Geely’s bicycle sales revenue increased by 17% year-on-year. In 2022, the high-end series of "China Star" achieved a total sales volume of 259,087 vehicles, accounting for 23% of Geely brand (including geometry), with a maximum monthly sales volume of 30,000 vehicles and an average bicycle price of 150,000 yuan.

The sales volume of Lexus reached 180,127 vehicles in 2022, and by February 2023, the cumulative total sales volume had exceeded 850,000 vehicles. The Krypton brand delivered 71,941 units in 2022, exceeding the annual target of 70,000 units. The average order amount of Krypton 001 exceeds 336,000 yuan. The second model, Krypton 009, was delivered in January 2023, with an average order amount of 527,000 yuan.

In 2022, Geely Automobile exported 19,824 vehicles, a year-on-year increase of 72.4%. In 2022, Lectra shipped 35,588 vehicles throughout the year, with new energy vehicles accounting for 97%. By March, 2023, LINK had opened 11 LINK experience stores in the Netherlands, Sweden, Belgium and other countries.

In 2023, Geely Automobile’s annual sales target is 1.65 million vehicles, of which the proportion of new energy sales will increase to nearly 40%, and more than 9 new energy vehicles will be listed throughout the year. Among them, Galaxy L7 and Galaxy L6 will be delivered respectively in the second and third quarters of this year; E8 will be delivered in the fourth quarter of this year. Extreme krypton will launch two new models.

From product export to technology export, Geely Automobile’s authorized income has further increased, reaching 1.66 billion in 2022, up 29.9% year-on-year.

Positioning compact pure electric SUV, Extreme Krypton X will be launched on April 12th.

Recently, according to the official announcement of Krypton, Krypton X will be officially listed at 20:00 on April 12th. It is reported that the new car, as the third model, is positioned as a compact pure electric SUV, built on the vast pure electric architecture of SEA, and available in single-motor and dual-motor models.

In terms of appearance, ZEEKR X’s front face adopts a highly recognizable krypton design language, intelligent matrix LED transmission headlights, hidden in the grille, flat and minimalist shape, creating a digital sense of the future. The 3D stereo LED daytime running light consists of 41 light-emitting units on the left and right, and the double-edge line of the car body extended backward by the daytime running light makes the front of the car more full and stereoscopic.

The tail of the car is equipped with an integrated through taillight, and the "ZEEKR" luminous logo is in the center, which enhances the temperament of the whole car. In terms of body size, the length, width and height of the new car are 4450/1836/1572mm and the wheelbase is 2750mm respectively. In terms of details, the new car adopts a doorless design. In addition, ZEEKR X adopts a frameless door, a frameless exterior rearview mirror, and a hidden charging cover design.

In terms of power, the new car offers single-motor rear-drive and dual-motor four-wheel drive models. The single-motor model has a maximum power of 200kW, and the dual-motor model has a motor with a maximum power of 115kW on the front axle.

In addition, the delivery data of February 2023 was released, and a total of 5,455 vehicles were delivered in February, and the cumulative delivery of brands has reached 86,519 vehicles, up 87.1% year-on-year and 75.1% quarter-on-quarter. I believe that with the official listing and delivery of Krypton X, the delivery of Krypton X can be improved to some extent.

Evergrande Automobile announced that there was a risk of production suspension.

China Evergrande announced on March 22nd that Hengchi 5 was officially mass-produced on September 16th, 2022, and the first batch of mass-produced cars was delivered on October 29th, 2022. As of the date of this announcement, Evergrande New Energy Vehicle has delivered more than 900 vehicles. Due to the tight liquidity, in order to maintain basic business operations, Evergrande New Energy Automobile has taken measures to cut costs, such as reducing the number of its employees. By March 2023, Evergrande New Energy had 2,795 employees, compared with 3,742 employees by June 30, 2022.

Evergrande Automobile said that the Group was at risk of production suspension if it could not obtain new liquidity. However, if the Group can seek financing of more than 29 billion yuan in the future, it plans to launch a number of flagship models and hope to achieve mass production. Under this plan, the accumulated cash flow without leverage from 2023 to 2026 is expected to reach between negative 7 billion yuan and negative 5 billion yuan.

It is worth mentioning that on March 7, Evergrande New Energy Automobile Investment Holding Group Co., Ltd. and Evergrande New Energy Automobile (Guangdong) Co., Ltd., affiliated companies of Hengchi Automobile, were executed for more than 1.04 million yuan due to bill disputes. Counting this execution, the above-mentioned companies have been executed a total of 377 million yuan. Evergrande New Energy Automobile (Guizhou) Co., Ltd. has also been executed for nearly 300 million yuan, and was added to the list of dishonesty by the local court because of default in execution.

In addition, the Swedish Global Electric Vehicle Company (NEVS), a subsidiary of Evergrande Automobile, recently announced the launch of the "Hibernation Plan". According to the plan, the company plans to lay off 320 employees, accounting for nearly 95% of the total number of employees, which will start in the next six months. If the plan is fully implemented, NEVS will have only 20 employees left.

As the first mass-produced SUV model of Evergrande, Hengchi 5 is positioned as a compact SUV, which is equipped with a 150kW motor and a lithium iron phosphate battery from Contemporary Amperex Technology Co., Limited with a rated power of 72.8KWh and a cruising range of 602km, compared with luxury models such as Standard Benz GLA, Audi A3 and BMW X1.

Since the delivery began at the end of October last year, Hengchi 5 has been in constant turmoil. Within 15 days after the pre-sale, Hengchi 5 claimed that the order had exceeded 37,000 vehicles, but only 100 vehicles could be found in the delivery data at that time. By the end of December last year, Hengchi 5 had delivered a total of 324 vehicles.

It is also reported that Evergrande has been losing money continuously since it was renamed Evergrande in September 2020. According to the financial report data of Evergrande, in 2018, 2019 and 2020, Evergrande lost 1.429 billion yuan, 4.426 billion yuan and 7.394 billion yuan respectively, and the financial report for 2021 was not released on time. On April 1, 2022, Evergrande Motor announced the suspension of trading and has not resumed trading so far.

The new HI version of Extreme Fox Alpha S opens NCA in Guangzhou.

On March 21st, the new HI version of Extreme Fox Alpha S opened the NCA in Guangzhou (namely, urban intelligent driving navigation assistance). Car owners in Guangzhou can go to the store to upgrade in batches according to the appointment of the sales consultant. This is also the third city that the new HI version of Extreme Fox Alpha S is open to users and can realize high-level intelligent driving in urban areas, and it is the first time in the industry to realize cross-city point-to-point NCA traffic between Shenzhen and Guangzhou, two important cities in the Pearl River Delta. Prior to this, the new HI version of Extreme Fox Alpha S was launched in Shenzhen and Shanghai respectively last year.

It is understood that the urban NCA promoted this time can realize autonomous cruising, unprotected intersection traffic, close-range congestion treatment, active overtaking lane change/parallel lane separation, tunnel traffic and other operations in urban areas.

It is reported that the new HI version of Extreme Fox Alpha S is equipped with 34 sensors in hardware, including 3 laser radars, 6 millimeter-wave radars, 12 ultrasonic sensors and 13 high-definition cameras to achieve 360 all-round coverage.

At present, with the continuous evolution of intelligent driving from ADAS to high-level autonomous driving, the stadium has shifted from high-speed to cities with more complex scenes. How to quickly overcome urban scenes to create a universal autonomous driving solution for the whole scene has become an urgent problem for the industry.

The Extreme Fox Alpha S HI version was launched on May 17, 2022, and the first batch of delivery was started on July 16, 2022. Previously, it has taken the lead in opening the NCA function in Shenzhen, Shanghai and Guangzhou, opening the NCA function in 249 cities across the country, and opening the 290,000-kilometer expressway intercity intelligent driving network. It has driven more than 300,000 kilometers safely, and intelligent parking has helped users realize worry-free parking for more than 45,000 times. In addition, through three OTA upgrades, it has added many functions, such as APA (Intelligent Parking Assistance) front parking, RPA remote parking, and ICA (Intelligent Cruise Assistance) in urban areas, and its high-level intelligent driving ability has continued to advance.

It is worth mentioning that in Shenzhen and Shanghai, urban NCA has become an important tool for users to travel, and the proportion of users who use this function is as high as 40%, and the use dependence of high-level intelligent driving is forming.

Ford Explorer EV officially released based on MEB platform.

A few days ago, a new compact pure electric vehicle jointly developed by Ford and Volkswagen was officially released. The vehicle was named Explorer EV, which was built on MEB platform and was the sister car of Volkswagen ID.4. The official said that the starting price of this car is expected to be 48,000 US dollars, about 330,000 yuan, and the new car will be officially delivered in early 2024.

In terms of appearance, the front face of the new car is designed in the current penetrating style, but it is not a penetrating light group. There are iconic hooked daytime running lights on both sides, and Ford’s brand LOGO is in the center of the enclosed grille. A U-shaped silver decorative strip is added to its lower enclosure, which echoes the bottom line of the enclosed grille and has a strong layering.

The suspended roof also appeared on this new car, and the C-pillar added individual decorative elements. I have to say that the design of the window line of the new car rising at the C-pillar really adds some strength to it. In addition, the style of multi-spoke two-color low wind resistance rim is also unique, which provides three sizes of 19/20/21 inches.

In terms of the rear end, the taillight style and the style surrounded by the rear echo the front of the car, which has a good sense of integrity. This car offers body colors including Arctic Blue and Vitality Blue, Frozen White, Magnetic Grey, Agate Black and Vitality Red. In terms of body size, its overall length is slightly shorter than ID.4.

For the interior, the new car uses a 15-inch Ford Sync Move central touch screen, just like the "move" in its name, which is a screen that can rise and fall. There are touch buttons on the island platform below the screen, which can control the volume and so on. The car is equipped with keyless entry, dual-zone automatic air conditioning, wireless Android Auto and Apple CarPlay, and 10-color atmosphere lights. There is also a bright ambient light directly above the central control, which is actually a Sound Bar sound.

In terms of intelligent driving, the car is equipped with 12 ultrasonic radars, 5 cameras, etc. It is the first Ford model in Europe to provide automatic lane change function. Its other ADAS functions include adaptive cruise control with stop-and-go function, pre-collision assistance, intersection alarm with active braking, and Active Park Assist 2.0 parking assistance system.

In terms of power, Ford has not released too many details. The official said that Explorer EV offers rear-wheel drive and all-wheel drive versions, and the battery can be charged from 10% to 80% in 25 minutes in fast charging mode. The vehicle has the function of battery temperature pre-adjustment, and the charging speed, charging plan and trip planning can be optimized through the system. Ford said that users of Explorer EV can use more than 450,000 charging piles in Europe this year, and it will reach 500,000 by 2024, including more than 2,100 DC fast charging piles built by Ionity in more than 450 locations.

Contemporary Amperex Technology Co., Limited Kirin battery will mass-produce endurance or break thousands.

A few days ago, according to domestic media reports, Kirin battery, Contemporary Amperex Technology Co., Limited’s leading technology, has been mass-produced. According to Contemporary Amperex Technology Co., Limited, the volume utilization rate of Kirin battery has exceeded 72%, and the energy density of ternary batteries can reach 255Wh/kg, and the energy density of lithium iron phosphate battery system can reach 160Wh/kg. In contrast, the energy density of Contemporary Amperex Technology Co., Limited ternary lithium battery equipped with Weilai ET5 100kWh version is 185Wh/kg, and that of Ferrous lithium phosphate blade battery equipped with BYD Han is 150Wh/kg.

The battery pack integration of Kirin battery is the highest in the world. Under the same chemical system and the same battery pack size, the power can be increased by 13% compared with the 4680 cylindrical battery system. At the end of November last year, Kirin battery was rated as the best invention in 2022 by TIME magazine.

As for the vehicle models, Contemporary Amperex Technology Co., Limited and Kykrypton jointly announced that Kykrypton will become the first brand of Kirin battery in global mass production, and its first pure electric MPV ZEEKR 009 will become the first vehicle model of Kirin battery in global mass production. ZEEKR 009 equipped with Kirin battery will have a pure electric cruising range of over 1000km. At the same time, Contemporary Amperex Technology Co., Limited and Cyrus Group Co., Ltd. also jointly announced that Kirin battery will be launched as a new AITO series vehicle. In addition, LI’s pure electric vehicles will also be equipped.

BYD’s "Yunnian" was officially announced or related to chassis technology.

A few days ago, BYD officially announced the "cloud". Judging from the descriptions of "going over mountains and mountains", "steadily moving forward" and "emperor’s car" in the copy, it seems to be a technology about chassis or driving system.

When BYD registered the trademark Yunqi, there were three kinds of Yunqi, Yunqi -A and Yunqi -P in the trademark name, which were somewhat similar to DM-i and DM-p in BYD’s plug-in technology.

[Xinhua Enterprise Information March 26] Technology Chery to create a "luxury champion"; Global love has become the "first choice for families". On March 22 nd, the Tiggo 8PLUS Champion Edition was officially launched on the new Haoyue version. It should be emphasized that users can enjoy a limited time red envelope of 4,000 yuan on the basis of enjoying a cash discount of 13,000 yuan when purchasing the Haoyue version, which is both great value and surprise! The new car is positioned as a "5+2 family luxury SUV", with Qualcomm 8155 chip and 540 HD panoramic image as standard, which further enhances the technological competitiveness of "luxury", empowers more family users to travel happily, and brings the value experience of "always exceeding expectations and always having surprises".

The new car inherits the strong product heritage of the Tiggo 8 champion family, and with five product champions, namely, Haozhuang Technology Champion, Haozhuang Safety Champion, Haozhuang Power Champion, Haozhuang Space Champion and Haozhuang Quality Champion, it has lived up to the trust and expectation of 900,000 users around the world and stormed the home SUV market, helping Chery to further convey the brand voice of China, export the brand quality of China and contribute to the brand strength of China! In order to make it easy for users to buy a car, use a car and maintain a car without pressure, Chery Automobile has further narrowed the distance with users with the sincerity of its strength. From now on, users can enjoy 6 gifts when purchasing the Tiggo 8PLUS Champion Edition.

Standard Qualcomm Snapdragon 8155 smart chip to create a "luxury technology champion"

To build a stronger science and technology champion, the Haoyue version of the Tiggo 8PLUS Champion Edition starts with the "core"! The standard Qualcomm Snapdragon 8155 smart chip, combined with Xiongshi Zhiyun 5.0 system, not only brings brand-new HMI5.0, super ID account, but also realizes the functions of fast startup in 2 seconds, smooth response in 30 milliseconds, and 15+continuous dialogue without being stuck, so as to answer questions and be responsive, and make the interactive experience more comfortable. At the same time, from the 24.6-inch Universal Nebula immersion surround screen to SONY luxury 8-speaker surround sound, from stepless color-changing melody atmosphere lights to inductive intelligent anti-pinch memory electric tailgate, Haoyue version has broken through the configuration specifications of medium-sized SUVs at the same price, making the cockpit more "luxurious".

Standard 540 high-definition panoramic image to create a "luxury security champion"

When going out, safety is always the top priority. Haoyue version comes standard with 540 high-definition panoramic image, which can clearly see the surrounding situation of the vehicle, making it safer and more convenient for users to drive and park. At the same time, ESP body electronic stability system, ABS braking anti-lock system, CCS cruise control system and other configurations are readily available, so that users can easily use the car and control the car at any time. In terms of passive safety, the new car is based on the C-NCAP five-star safety design, adopts an integrated cage body of ultra-high-strength steel, and uses six pieces of ultra-high-strength thermoformed steel from Bentele+the third generation of high-strength steel in key parts, so as to ensure that the cockpit space can always remain intact even after the vehicle collides, and provide rock-solid protection for the occupants in the car.

Equipped with Kunpeng Power 1.6 TGDI+7 DCT to create a "luxury power champion"

Both high efficiency and low consumption are the best solution for travel. The Haoyue version of the Tiggo 8PLUS Champion Edition is also equipped with Kunpeng Power 1.6 TGDI+7 DCT, which has achieved "saving, fast, strong and good" in quality and speed. Among them, the fuel consumption per 100 kilometers under comprehensive working conditions is as low as 6.8L, which is very friendly to users’ wallets and meets their ultimate pursuit of economic fuel economy. 8-second acceleration, allowing users to accelerate from the start, enjoy a galloping experience and leave the wind behind. The maximum power of 145kW and the super power output of 290N·m peak torque can be compared with the luxury brand 2.0T engine. In addition, the engine enjoys a lifetime warranty, which eliminates the worries of users and saves the "core" and "core" in car use.

Adopt 5+2 super-large flexible spaces to create a "luxury space champion"

As a home champion SUV, the Haoyue version has done enough space considerations. Empowered by a 4722x1860x1745mm super-large body and a 2710mm super-long wheelbase, the car brings 5+2 super-large flexible spaces and 12 kinds of flexible combined spaces to meet the travel needs of the whole family in any scene and ensure that the car is full of people. When the seats in the second row are 100% flat, the trunk space is expanded to an astonishing 1930L, which can solve the problem of carrying large objects such as mountain bikes and outdoor tents at one time. In terms of the pleasant atmosphere of the cockpit, the new car uses the C-Pure Chery net cubic green cockpit+34 dB NVH super quiet space, allowing users to enjoy comfortable and healthy breathing.

Based on global design standards, create a "luxury quality champion"

Behind the user, Chery Automobile will always be intimately guarded. Tiggo 8PLUS Champion Edition is created by a global design team, carefully crafted with global design standards, based on global design standards, and meticulously crafted with world-class hardware to fully satisfy the aesthetic pursuit of home users. At the same time, the new car is also blessed with the industry’s only vehicle lifetime warranty and the official used car warranty, creating the strongest quality at the same level, which is not only the landing of Chery’s user-centered concept, but also the best interpretation of "one-time car purchase, life-long worry-free", and it is also the perfect footnote for the user’s "life-long car cycle guarantee", so that users no longer have the worry of "over warranty period". From design to quality assurance, this version of Haoyue continues the "luxury" quality of the champion version of Tiggo 8PLUS, and joins hands with more global users to create different quality experiences and quality lives for them.

The road to championship is endless. In 2023, the sales volume of the champion family of Tiggo 8 totaled 20W＋+vehicles. At present, the champion family of Tiggo 8 has won the love and support of 900,000 users around the world, becoming the champion who conquered the stadium, the champion in the hearts of users and the world-renowned champion. The newly added Haoyue version will continue the "Champion Road" of the Tiggo 8 family, focus on upgrading the technology configuration, and build the strength of the "Top 5 Product Champion", which will undoubtedly further expand the matrix of the Tiggo 8 Champion Family, and enjoy the surprise of the heart price with the sincerity of "luxury champion" and limited time, meet the users’ expectation and pursuit for more champion quality, become the global "family first choice", define the new height of the champion SUV king, and contribute Chery to the China automobile brand bigger and stronger.

Sailis margin information shows that on April 24, 2024, the net repayment of financing was 118 million yuan; The financing balance was 6.77 billion yuan, down 1.72% from the previous day.

In terms of financing, on the same day, financing bought 520 million yuan, financing repaid 638 million yuan, financing repaid 118 million yuan, and the net repayment amount ranked second in the two cities, with a total of 254 million yuan for three consecutive days. In terms of securities lending, 14,000 shares were sold, 56,400 shares were repaid, the margin of securities lending was 2.254 million shares, and the balance of securities lending was 203 million yuan. The balance of margin financing and securities lending totaled 6.973 billion yuan.

Disclaimer: This article is based on big data production, for reference only, and does not constitute any investment advice. Therefore, the operation risk is at your own risk.

() The business review of the Board of Directors in 2022 is as follows:

　　I. The industry in which the company is located during the reporting period.

　　1, the basic situation of the industry, development stage, cyclical characteristics.

　　During the "Tenth Five-Year Plan" period, China took "raising gas, reducing carbon, strengthening ecology, increasing water, consolidating soil and preventing risks" as the basic idea, and stressed that it was necessary to achieve new breakthroughs in key areas and key indicators such as industrial sewage treatment, industrial park management, high-end equipment and carbon neutrality, and continue to carry out various special actions to prevent and control pollution. Water, soil, solid and waste gas will continue to be under strict supervision. With the innovation of supervision means and mechanism, on the one hand, after the "Double Carbon Strategy" was put forward, traditional environmental protection developed into green environmental protection, and emerging fields such as clean energy, energy saving and low carbon, and green recycling, which are closely related to double carbon, were included in the category of green environmental protection, stimulating the green environmental protection industry to usher in major development opportunities; On the other hand, a large number of state-owned enterprises and central enterprises have entered the field of ecological environment by setting up environmental protection companies or participating in the mixed reform of private environmental protection enterprises. The environmental protection industry has entered the form of industrial collectivization and developed into a comprehensive service group with nationwide and whole industrial chain, and the industrial competition pattern has further intensified.

　　(1) Water treatment industry

　　The 19th National Congress of the Communist Party of China has made comprehensive arrangements for strengthening the construction of ecological civilization, fighting a tough battle against pollution and building a beautiful China. As the task of implementing the overall layout of "five in one" such as "ecological civilization construction" and winning the key plan of "fighting a tough battle against pollution" and "building a beautiful China", the battle for clear water has been promoted to a historic strategic height. In recent years, The state has successively issued a number of sewage treatment-related policies, such as the Master Plan for Major National Projects for the Protection and Restoration of Important Ecosystems (2021-2035), the Implementation Plan for the Shortcomings and Strengths of Urban Domestic Sewage Treatment Facilities, the Guiding Opinions on Promoting the Reuse of Sewage, the Opinions of the State Council City, the Central Committee of the Communist Party of China on Promoting Rural Revitalization in an All-round Way and Accelerating the Modernization of Agriculture and Rural Areas, and the Development Plan for Urban Sewage Treatment and Reuse in the Tenth Five-Year Plan, which involve the prevention and control of water pollution and the marketization mechanism of sewage treatment. During the "Tenth Five-Year Plan" period, sewage treatment and resource utilization have been steadily promoted, with county sewage treatment, urban sludge disposal and reclaimed water utilization as the main incremental space, and facilities construction focused on four major directions: pipe network, treatment facilities, recycling facilities and sludge disposal. In March 2022, four ministries and commissions, including the Ministry of Housing and Urban-Rural Development, jointly issued the "Implementation Plan for Deepening the Fight against Urban Black and Odor Water", and the Ministry of Ecology and Environment and the Ministry of Housing and Urban-Rural Development issued the "Environmental Protection Action Plan for Urban Black and Odor Water Remediation in the Tenth Five-Year Plan" to further refine the urban black and odorous water remediation work.The main battlefield of black and odorous water bodies extends to county-level cities. The action plan requires that by 2025, the proportion of black and odorous water bodies in county-level urban built-up areas will reach 90%; For the cities at or above the county level that have completed the treatment and realized that the water body is neither black nor smelly, it is necessary to consolidate the effect of urban black and odorous water body treatment and establish a long-term mechanism to prevent the black and odorous water body from returning. In June 2022, the Ministry of Industry and Information Technology and other six departments issued the Action Plan for Improving Industrial Water Efficiency, which pointed out that efforts should be made to break through the key common technologies of water saving such as treatment and recycling of high-concentration organic wastewater and high-salinity wastewater, high-performance membrane materials, high-efficiency catalysts, green chemicals, intelligent monitoring and optimal control. "peak carbon dioxide emissions" and "carbon neutrality", as one of the important targets of China’s "Fourteenth Five-Year Plan" pollution prevention and control, promote the industry to pay more attention to low-carbon and resource utilization, and the sewage treatment will develop in the direction of low-carbon operation and green transformation.

　　(2) Soil remediation industry

　　In order to thoroughly implement the Law of People’s Republic of China (PRC) on the Prevention and Control of Soil Pollution and the Action Plan for the Prevention and Control of Soil Pollution, in recent years, the relevant state administrative departments have successively promulgated a series of management policies and technical guidance documents for the soil remediation industry, mainly involving standardized management of the industry, financial support and technical upgrading. In December 2021, the Ministry of Ecology and Environment, together with the Development and Reform Commission, the Ministry of Finance, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development and other departments, jointly issued the "Tenth Five-Year Plan" for Soil, Groundwater and Rural Ecological Environment Protection (hereinafter referred to as the "Plan").

　　The Plan sets targets in two stages. By 2025, the environmental quality of soil and groundwater in the whole country will remain stable, and the safe use of polluted cultivated land and key construction land will be consolidated and improved. By 2035, the national soil and groundwater environmental quality will be stable and good, the soil environmental safety of agricultural land and key construction land will be effectively guaranteed, and the soil environmental risks will be fully controlled. In February, 2022, the State Council issued the Notice on Carrying out the Third National Soil Survey, and decided to carry out the third national soil survey from 2022, with four years to comprehensively find out the soil quality of agricultural land, especially focusing on agricultural land soil survey. As the census work is rolled out in various places, the orders related to soil testing will continue to increase, opening up new development space for the third-party environmental testing service industry; On February 11th, 2022, the State Council issued the "14th Five-Year Plan to Promote Agricultural and Rural Modernization". Combined with China’s new development concept and the goal of basically realizing beautiful China in 2035, it is predicted that the soil remediation industry will enter a critical period of high-quality development during the 14th Five-Year Plan period.

　　(3) solid waste treatment and disposal industry

　　During the "Fourteenth Five-Year Plan" period, the construction of domestic waste classification and treatment facilities entered a critical period. In order to guide and promote the planning and construction of domestic waste sorting and treatment facilities in China, the National Development and Reform Commission and the Ministry of Housing and Urban-Rural Development organized and compiled the Development Plan of Urban Domestic Waste Sorting and Treatment Facilities in the Tenth Five-Year Plan. In terms of specific targets, by the end of 2025, the utilization rate of domestic waste resources in China will reach about 60%, and the sorting and transportation capacity will reach about 700,000 tons/day. In recent years, the state has successively promulgated policies and regulations such as Technical Policy for Urban Domestic Waste Treatment and Pollution Prevention and Control, National Construction Plan for Hazardous Waste and Medical Waste Disposal Facilities, and formulated a series of national and industrial standards such as Pollution Control Standard for Domestic Waste Landfills, Project Specification for Domestic Waste Treatment and Disposal, and Pollution Control Standard for General Industrial Solid Waste Storage and Disposal Sites, which has promoted the standardization and rapid development of this industry. The newly revised Law of People’s Republic of China (PRC) on the Prevention and Control of Environmental Pollution by Solid Waste and the National Hazardous Waste List (2021 Edition) were published to the public, which showed that the policy system of China’s solid waste industry has been continuously improved and the control measures and efforts have been continuously strengthened. In December 2021, the Ministry of Ecology and Environment and other departments jointly issued the Work Plan for the Construction of "Waste-free Cities" during the Tenth Five-Year Plan period to promote the construction of "Waste-free Cities" in about 100 cities at prefecture level and above; In June 2022, the "Implementation Plan for Pollution Reduction and Carbon Reduction Synergy" issued by the Ministry of Ecology and Environment and other seven departments proposed that in terms of solid waste treatment, by 2025,The comprehensive utilization rate of new bulk solid waste reached 60%, and the stock of bulk solid waste decreased in an orderly manner; Strengthen the reduction, recycling and harmless treatment of domestic waste, vigorously promote waste classification, optimize the treatment and disposal methods of domestic waste, and strengthen the resource utilization of recyclable materials and kitchen waste. The introduction of relevant policies will further promote the accelerated release of market space in various fields of the solid waste industry chain.

　　(4) Manufacturing of environmental protection equipment

　　Environmental protection equipment manufacturing industry is an important part of energy-saving and environmental protection industry. In recent years, the overall demand of environmental protection industry has increased rapidly, and environmental protection equipment manufacturing industry has broad market prospects. "Guiding Opinions of the Ministry of Industry and Information Technology on Accelerating the Development of Environmental Protection Equipment Manufacturing Industry" points out: "Guide the differentiated, clustered and integrated development of industries. Leading enterprises in environmental protection equipment are encouraged to develop into integrated service providers integrating system design, equipment manufacturing, engineering construction, commissioning and maintenance, and operation management. Small and medium-sized enterprises are developing in the direction of "specialization and novelty" with product specialization, intensive research and development, service characteristics and new formats, forming a number of gathering areas led by leading enterprises, supporting small and medium-sized enterprises and coordinated development of industrial chains. Guide the integrated development of environmental protection equipment manufacturing with the Internet and service industries, actively explore new models and new formats, and accelerate the improvement of service capabilities and investment and financing capabilities of manufacturing enterprises. " In January 2022, the Ministry of Industry and Information Technology and other three departments jointly issued the Action Plan for High-quality Development of Environmental Protection Equipment Manufacturing Industry (2022-2025), proposing that by 2025, the technical level of environmental protection equipment manufacturing industry will be significantly improved, and the output value of environmental protection equipment manufacturing industry will strive to reach 1.3 trillion yuan. This is the first time that the "Action Plan for High-quality Development of Environmental Protection Equipment Manufacturing Industry" has been issued at the national level, which has pointed out the direction for the development of environmental protection equipment manufacturing industry in the next few years.

　　2. The industry status of the company.

　　After years of leap-forward development, the company has achieved domestic leading and international leading position in many sub-sectors, won national and provincial-level honors for many core technologies, and listed many core equipment in the catalogue of major environmental protection technologies and equipment encouraged by the state, key new products, the first set of major technical equipment in China, Guangxi famous brand products, etc., forming a product promotion layout of "based on China, facing ASEAN and connecting with the world". Technology and products are exported to ASEAN, Eastern Europe, West Africa, South America and other overseas markets, becoming a leading environmental brand with strong international competitiveness in China, gradually infiltrating from the traditional water pollution control to all aspects of comprehensive environmental management, from the domestic single market to globalization and internationalization, from a single pollution source control index to the whole environmental management system effect, from the initial "equipment+engineering" business model to environmental technology services, environmental consulting services, environmental equipment manufacturing, environmental operation services and other industrial chains. Based on solving the key common technologies of industrial development, the company has continuously improved its independent innovation and R&D capabilities, and built a benign operation mechanism from technological achievements and products to industrial applications. At present, it has formed a technological innovation system of basic theoretical research on environmental protection, R&D and application of key environmental technologies, and integration of production and education, striving to become a leader in technological innovation and development of domestic environmental protection industries, and further consolidating its strategic positioning as a "comprehensive environmental service provider with sustainable innovation capabilities and independent core technologies".

　　

　　II. Main businesses of the Company during the reporting period

　　1. Overview of the company’s main business during the reporting period.

　　Guided by improving environmental performance and solving environmental problems, the company is committed to providing customers with comprehensive solutions for comprehensive environmental management in many fields and directions. Its core businesses mainly include comprehensive environmental management services focusing on industrial environmental management and clean production, municipal environmental management and ecological restoration, soil remediation, solid (hazardous) waste disposal and smart sanitation. Equipment manufacturing and sales business focusing on research and development, manufacturing and sales of multi-field environmental protection equipment; The operation business mainly includes waterworks, sewage treatment plants, sanitation integration, terminal operation of sludge and contaminated soil disposal, etc. Comprehensive environmental consulting services focusing on environmental impact assessment and environmental consultation, inspection and testing, engineering design and environmental monitoring. The service scope covers the whole industrial chain of environmental protection such as consultation, design, environmental assessment, testing, research and development, equipment manufacturing, engineering construction, investment and operation.

　　2. Main products of the company and their uses during the reporting period.

　　(1) Water environment control technology

　　In the field of industrial pollution control, during the reporting period, the company’s anaerobic, Fenton and sand filtration technologies were continuously optimized, and new anti-calcification anaerobic reactors were widely used. In view of the treatment of high-concentration organic wastewater such as landfill leachate, petrochemical wastewater and chemical wastewater, which is difficult to separate organic and inorganic components, the company independently developed UBEF biological enhanced filter, catalytic electrolysis, concentrated salt separation and other technologies. At present, UBEF biological enhanced filter technology has been put into operation in Guangxi and Guangdong, and its performance fully meets the design requirements. The technology for full quantitative disposal and concentrated evaporation of landfill leachate has been put into operation in many projects and has entered the equipment debugging link one after another; The catalytic electrolysis technology has completed the pilot test in the environment of high-concentration and high-salt chemical wastewater, chemical reuse membrane concentrated water and landfill leachate concentrated solution, and the test results have reached the expected goal.

　　(2) Key equipment and technology of clean pulp bleaching-large chlorine dioxide preparation system and related chemical technology.

　　After more than ten years of technology accumulation, the company’s self-developed "large-scale chlorine dioxide preparation system and key technology and application of chlorine-free bleaching of pulp" won the second prize of national technological invention in 2019. This technology has broken the monopoly of foreign technology, greatly reduced the investment cost, achieved zero breakthrough in the overseas export of this kind of products in China, effectively reduced the environmental pollution caused by pulp bleaching, and promoted clean production in the paper industry; The company has also developed the preparation technology of chlorine dioxide by double electrolysis, as well as clean and efficient production technologies of chemicals such as sodium chlorate, caustic soda, hydrogen peroxide, potassium chlorate, potassium perchlorate, chlorine-consuming products (trichloroisocyanuric acid, polyaluminum chloride, bleaching powder concentrate, ADC foaming agent, etc.), which provides strong technical support for the upgrading and transformation of papermaking and related chemical industries.

　　(3) Soil environmental restoration

　　Focusing on the disposal goal of "reduction, recycling and innocuity" of oily sludge, the technical bottlenecks of low thermal efficiency, small capacity, heavy recovered oil and low gas production rate of existing pyrolysis equipment were solved, and the technical route of "carbon reduction, carbon emission reduction and carbon recovery" was explored. During the reporting period, the company optimized the equipment process of the new pyrolysis system (OTTU), combined with the process of condensing and purifying pyrolysis gas to recover oil/gas. While ensuring that the oil content of the treated muck is lower than 0.3% (agricultural sludge grade B standard), fully optimize the thermal efficiency of the equipment and the oil sludge treatment capacity, and provide technical support for the production increase and efficiency increase of Xinjiang Aksu oil sludge disposal project and Ningbo Fuhai oil waste harmless disposal project.

　　In view of the contaminated soil in chemical industry, mining, dressing and metallurgy, the company continued to carry out research on technologies, equipment and processes such as soil synergistic bioleaching, eluent recovery and waste liquid purification in combination with the national key research and development plan "Antimony and arsenic pollution source blocking and ecological treatment technology in antimony mining areas". The developed green and efficient biological leaching agent can reach the first-class leaching efficiency of heavy metal contaminated soil above 90%. Through the developed solid-solid conversion process, more than 50% of the biological eluent can be recovered from the leaching waste liquid, which can further reduce the dosage and technical cost while ensuring the leaching efficiency, maintain soil microbial metabolism and organic and inorganic carbon pools to the greatest extent, and ensure soil carbon sink capacity; After purification, the waste liquid can meet the first-class B standard of urban sewage discharge, and finally reduce the amount of polluted earthwork, pollutants and pollution discharge.

　　In the field of comprehensive management and ecological restoration of mines and river basins, the company has developed in-situ blocking and in-situ purification technology of heavy metal pollution, multi-layer covering and strongly reducing microbial mineralization technology and carried out industrial application demonstration in combination with the national key R&D plan "Pollution Restoration Technology and Engineering Demonstration in the Affected Area of Southwest Nonferrous Metal Dressing and Smelting Slag Yard". At the same time, in view of agricultural non-point source pollution control, based on the national needs of rural revitalization, agricultural green development, bio-economic development, and combined with the national key research and development plan "New Functional Materials for Active Passivation of Cationic Heavy Metals in Site Soil", the microbial soil quality-enhancing and efficiency-improving materials were developed by using agricultural solid waste, meeting the technical indicators of Compound Microbial Fertilizer Standard (NY/T798-2015), simultaneously improving the soil structure and adjusting the soil pH value. Supplementing soil nutrition, enhancing crop disease resistance and stress resistance, promoting high yield and high quality of rice, vegetables and fruit trees, etc. At present, it has been demonstrated and popularized in Nanning, Chongzuo, Baise, Guigang and other places in Guangxi.

　　(4) Solid hazardous waste disposal

　　During the reporting period, in view of the comprehensive utilization of aluminum electrolysis overhaul slag, through the research of rapid and efficient detection technology of main elements in aluminum electrolysis overhaul slag treatment, cyanide breaking technology of complex cyanide, removal of complex fluoride and recovery of fluorine resources, evaporation crystallization and recycling technology of high-salt wastewater, and wet harmless and recycling technology of waste cathode carbon blocks from aluminum electrolysis overhaul slag, Solve the technical problems of chlorine-free and low-salt efficient removal and detoxification of complex cyanide, conversion, removal and recovery of complex fluoride in aluminum electrolysis overhaul slag under high salt and high alkali conditions, and realize efficient continuous countercurrent leaching, toxicity removal and long-term stabilization of harmless slag. At present, the small-scale experiment, pilot experiment and industrial application demonstration of resource utilization of overhaul slag have been completed, and a complete set of technology for harmless and resource treatment of overhaul slag has been successfully developed. At the same time, the company also carries out technical optimization research and industrial application promotion in the fields of carbon residue, carbon sludge and fluorine-containing wastewater treatment in aluminum electrolysis industry.

　　In order to promote the green closed-loop development of new energy materials and automobile industry, and explore a new route of full-quantified comprehensive utilization of waste lithium batteries, the company developed a "two-step recycling technology of low temperature reduction-gradient acid leaching" system to solve the technical problems such as low recovery rate of valuable elements extracted from waste lithium batteries and battery factory waste, incomplete impurity removal and purification of complex nickel-cobalt-manganese-lithium solution system, low recovery rate of lithium precipitation and poor full-quantified recycling path of three wastes. Efficient extraction of valuable metals from waste lithium batteries, selective recovery of metals by multi-stage extraction technology to form high value-added products such as cobalt sulfate, nickel sulfate, manganese sulfate, copper sulfate and lithium carbonate, and at the same time, efficient defluorination, fluoride precipitation and purification systems for lithium battery electrolyte fluoride are constructed to recover fluorine resources, recycle carbon powder and reuse iron resources. This technical system is used in the comprehensive recycling of waste lithium batteries. At present, the recovery rate of nickel and cobalt is over 99.3%, the recovery rate of lithium is over 90%, and the recycling rate of process wastewater is over 95%. At present, the small-scale and pilot-scale experimental research on the recovery and purification of high-priced metals has been completed, the recycling of solid waste, tail gas and wastewater is being tested and studied, and the recycling technology is being industrialized and applied.

　　(5) Civil and industrial disinfection technology and equipment

　　During the reporting period, the company developed a series of chlorine dioxide solid disinfectants and disinfection equipment with core technologies around the fields of drinking water safety, respiratory health and fruit and vegetable preservation that people pay close attention to. Among them, the series of chlorine dioxide solid disinfectants include high-content AB powder, compound unitary powder portable effervescent tablets and acid-base resistant degradable air purification gel; The series of disinfection equipment includes sodium hypochlorite generator, chlorine dioxide generator, intelligent disinfection dosing device, integrated sanitation, deodorization and disinfection machine, garbage deodorizer, low-temperature disinfectant and so on. Series chlorine dioxide solid disinfectants have the characteristics of good stability, green economy and convenient use. It can be used in public health and safety, air purification, sewage treatment, fruit and vegetable preservation and other fields, which greatly broadens the application scene of ClO2 disinfectant. Series disinfection equipment has the characteristics of safe and reliable operation, high conversion efficiency of raw materials, simple operation and maintenance, and wide application scenarios.

　　Up to now, the core technology products have been popularized and applied in more than 50 projects in hospitals and international health stations, such as sewage disinfection, industrial and municipal water supply and drainage disinfection, air disinfection and purification, and fruit and vegetable preservation, and achieved good application results.

　　(6) The field of smart sanitation

　　During the reporting period, the company further strengthened the forward research and development of sanitation equipment products and the ability to tackle key technologies, and continued to focus on the development direction of new energy, intelligence and miniaturization of sanitation equipment, and overcome core technologies such as three-electric system matching, energy management and collaborative control technology, and design simulation analysis of special devices for new energy vehicles. In the field of intelligent application of sanitation equipment, based on the research of small-scale sanitation equipment, we will further expand the technical research and development of wire-controlled transformation and intelligent control of small-scale equipment. During the reporting period, the company completed the research and development of new products such as new energy cleaning vehicle, new energy road maintenance vehicle, multifunctional dust suppression vehicle and intelligent road sweeper.

　　(7) Comprehensive environmental consultation

　　The company can provide customers with one-stop comprehensive consulting services in the whole process of environmental protection project consultation, environmental assessment, testing and design. At present, it has provided corresponding consulting services for many large and medium-sized petrochemical and paper-making enterprises such as (), China Petrochemical, Nine Dragons, Liwen and Taiyang, and provided overall environmental consulting services for local governments and industrial parks. With rich consulting experience and thousands of successful cases, it has become one of the industry enterprises with the most complete qualifications and the strongest comprehensive consulting services in the domestic environmental protection field.

　　The company’s environmental assessment and environmental consulting services cover planning environmental assessment, construction project environmental assessment, engineering consultation, water consultation, environmental stewardship, industrial energy conservation and green development, environmental emergency plan, ecological civilization construction research, environmental stewardship research, rural domestic sewage planning and operation and maintenance, soil and groundwater pollution investigation, effect evaluation and environmental supervision, mine whole process consultation, agricultural land safety utilization and three-in-one comprehensive pre-consultation and post-operation and maintenance services. The company has a third-party testing platform company with multiple qualifications such as CNAS, CMA and CATL, which can provide various comprehensive technical services such as environmental monitoring, food and agricultural products testing, online monitoring and operation services for environmental protection products, soil pollution investigation and environmental protection acceptance of construction projects.

　　3. Main business models during the reporting period

　　EP is the acronym of Engineering Procurement, which means "design-procurement". The core of this model is system design and equipment integration. In this business model, the company, as a provider, first carries out scheme formulation, system design, equipment design and selection, then purchases general equipment and materials, produces or customizes core equipment and key components, and outsourcing special hardware equipment, etc. Finally, it forms a system that can complete specific functions through system assembly and integration, and sells the whole set of integrated equipment to the customer as a whole.

　　EPC is an acronym for Engineering Procedure Construction, which means "design-procurement-construction". It means that the company is entrusted by customers to contract the whole process or several stages of project consultation, design, procurement, construction, installation, acceptance and trial operation in accordance with the contract, and is responsible to the owner for the quality, construction period and cost of the project in accordance with the contract, and at the same time, some of the contracted projects can be legally contracted.

　　EPC mode is an extension of engineering design business and equipment system integration mode, and its service scope covers the whole process of project construction, that is, from the preliminary work of project investment until it is completed, put into production or delivered for use, which is also the so-called "turnkey" mode of project general contracting.

　　PPP is an acronym for Public Private Partnership, which is a cooperation model between the government and social capital. It refers to the benefit sharing, risk sharing and long-term cooperative relationship established by the government with social capital through franchising, purchasing services and equity cooperation in order to enhance the supply capacity and improve the supply efficiency of public goods and services.

　　BOT is the acronym for Build Operation Transfer, which means "build-operate-transfer". It means that the customer signs a contract with the company, and the company undertakes the financing, construction, operation and maintenance of the project. During the contract period, the company will recover the investment and make a reasonable profit by collecting the use fee or service fee. After the contract expires, the project assets and related rights will be handed over to the customer.

　　Among the above business models, EPC model is an extension of EP model, which adds the civil installation process on the basis of the latter, while BOT model adds the investment in the project and the operation management process during the project operation period on the basis of EPC model.

　　O&M is the acronym of Operation & Maintenance, which means that the government department with the ownership of water facilities hands over the operation and maintenance of the facilities to the company by signing the entrusted operation contract; The company is responsible for the daily operation of the facilities, but does not bear the capital investment and risks. The government departments pay the company the service cost and entrusted management remuneration.

　　In addition, the company also adopts TOT (handover-operation-handover) and BOO (build-own-operate) modes to undertake business according to the specific conditions of the project and customer needs.

　　4. Main performance drivers during the reporting period

　　During the reporting period, the company realized an operating income of 2,223,804,900 yuan, and its main business income mainly came from comprehensive environmental management, professional technical services and operational services.

　　In the comprehensive environmental management business, the income from water treatment business was 1,144,016,000 yuan. It is mainly confirmed by EPC general contracting of sewage treatment plant and supporting pipe network project in Longzhou Industrial Zone, EPC general contracting of water supply project (water plant reconstruction and expansion) in the southeast part of Sihong County, EPC general contracting of domestic sewage treatment project in Tongdao Dong Autonomous County-sewage treatment plant and supporting pipe network construction project (EPC mode) in six towns, EPC general contracting of water supply security improvement project in Tiandong County (sub-project of Pingmagou ecological environment improvement project) and EPC general contracting of ecological restoration project in Beishahe River Basin (lighthouse section). The income from soil remediation business was 101,092,900 yuan, which was mainly due to the income impact of projects such as soil pollution control design and construction project of Nanning Jiangnan Center Project, soil remediation project of plot GS1302-04/14/15/26 of Hangzhou Iron and Steel Company and surrounding planned road areas.

　　Professional technical service income mainly comes from environmental protection scheme design, consultation, environmental assessment, testing, environmental protection housekeeper and other businesses. During the reporting period, the company’s professional technical service income was 212,948,200 yuan, mainly from the business income of its holding subsidiary Bohuan Environment’s EIA consultation and Hunan Boshiko’s environmental protection scheme design.

　　The company’s operating income mainly comes from sewage treatment plants, waterworks, water body restoration, sanitation integration, sludge and soil disposal terminal operations. In 2022, the company realized operating income of 672,917,500 yuan, up by 11.18% year-on-year, which was mainly due to the impact of confirmed operating income, such as the PPP project of urban inland river black and odorous water treatment project in Nanning, the PPP project of regional water supply project in the southeast of Sihong County, the market-oriented service project of environmental sanitation operation in Hezhou City, and the franchise project of domestic waste comprehensive treatment operation in Xiwuzhumuqin Banner. As the sanitation, sludge disposal and PPP projects undertaken by the company gradually enter the operation stage, the scale of the company’s operating assets will continue to expand and its operating income will increase year by year.

　　

　　Third, the core competitiveness analysis

　　Continuous technological innovation and service innovation are the core competitiveness of the company in the new competitive pattern of environmental protection industry with "strong competition and strict supervision". In recent years, by increasing investment in R&D, upgrading the technical level of equipment, and vigorously cultivating and introducing talents, the company’s technical strength has been continuously enhanced. With the adjustment and optimization of the company’s business model and business structure, it will continue to drive the company’s high-quality development.

　　(1) Technological innovation and product innovation.

　　By the end of the reporting period, the company and its subsidiaries had obtained 440 authorized patents, including 54 invention patents; More than 20 projects hosted or participated by the company and its subsidiaries at or above the provincial and ministerial levels; During the reporting period, the company newly issued 8 group standards, including "Technical Specification for Production of Wood Fiber-based Heavy Metal Treatment Materials", and led and participated in the issuance of 14 national and industry standards. During the reporting period, the company won the "Enterprise Science and Technology Innovation Award" in Guangxi in 2021, and the "Wood Fiber Modification and Its Application in Heavy Metal Pollution Remediation" jointly completed with Guangxi University and other units won the first prize of Guangxi Science and Technology Progress Award in 2021. The projects led by the company, such as "In-situ resistance and control technology and engineering demonstration of contaminated soil in typical antimony mining areas" and "Study on synthesis and application of ozone-based catalyst for fine chemical wastewater", were approved by Guangxi key R&D plan project and Changsha key R&D project respectively; The project of Guangxi Innovation-driven Special Project "Research and Development of Key Technologies for Pollution Control of Black and Odor Water Body and Improvement of Water Environment Quality" and "Development and Application Demonstration of Key Technologies for Industrial and Municipal Sludge Treatment, Disposal and Recycling" led by the company passed the acceptance test successfully. The company mastered the core technologies in the subdivision field, and some technology research and development realized the transformation of results and was constantly improved in practice. At present, the environmental protection equipment and related core technologies independently developed by the company have been widely used in industrial wastewater treatment, clean production, township domestic sewage treatment, river basin treatment, urban black and odorous water remediation, site and groundwater remediation, farmland remediation and sludge treatment, garbage disposal, disinfection and disinfection, etc.Stabilizing the market with technology, the projects are spread all over North China, Central China, South China, Northwest China and other places, and some equipment is exported overseas; The company implements refined, standardized and scientific management for each project undertaken by the company, puts safety first, strives to create excellent projects, establishes a good market reputation, and ensures the smooth implementation of projects in hand and realizes performance transformation; The company has all kinds of business qualifications, and has built a service system covering the whole industrial chain of environmental protection, such as environmental assessment, testing, consulting and design, research and development, equipment manufacturing, engineering construction and investment operation. By making full use of the mutual pull and promotion of all links in the industrial chain, a new pattern of coordinated development of related businesses has been formed.

　　(2) Major landmark scientific and technological innovations

　　1. The company broke the technological monopoly of foreign enterprises such as Canadian Erco, Chemetics and Swedish Eka, developed the engineering technology of chlorine dioxide preparation system with independent intellectual property rights, formed a series of products, solved the key technical and equipment problems in pulp clean bleaching, and turned China from an importer of pulp bleaching chlorine dioxide technology into a technology exporter in one fell swoop, achieving zero breakthrough in the export of chlorine dioxide preparation and pulp bleaching technology products in China, and becoming the major large-scale chlorine dioxide preparation equipment and equipment in the world. The related achievements won the first prize of technological invention of the Ministry of Education in 2018, the first prize of technological invention of China Light Industry Federation in 2018 and the second prize of national technological invention in 2019 respectively.

　　2. The company has constructed an up-flow multi-stage anaerobic-aerobic-heterogeneous catalytic oxidation wastewater treatment technical route, which has solved the common problems that papermaking wastewater such as waste paper pulping is easy to cause granular sludge calcification in anaerobic treatment, and the traditional biological treatment of papermaking wastewater is difficult to meet the standard, completely broke the monopoly of overseas enterprises in this field, and successfully applied to nearly 100 enterprises at home and abroad, successfully achieving the standard discharge of wastewater, avoiding the danger of being shut down, and adapting to stricter environmental protection standards. In addition, this technology is also applied to the industries of fermentation, food, pharmacy, etc., which ensures the healthy and stable development of enterprises. This technological achievement won the second prize of National Science and Technology Progress Award in 2016.

　　3. The company has developed a series of advanced and applicable products and technologies around urban and rural environmental governance. Aiming at the upgrading of urban sewage treatment plants, a light filter with low concentration denitrification and high efficiency denitrification was developed, which solved the technical problems of traditional deep bed denitrification filter, such as easy hardening, small biological load, low removal rate and high operating cost. Develop MCO and MCI reactor series products according to the rural sewage treatment standards promulgated and implemented one after another, and solve the common treatment problems of large water quality fluctuation, low organic matter concentration and uncoordinated carbon-nitrogen ratio in direct discharge sewage and rural domestic sewage; The developed high-efficiency magnetic separation system and integrated SBR reactor are applied to black and odorous water treatment projects, and are gradually introduced to the market. The developed technologies related to sponge city construction and water ecological restoration technologies in inner lakes and inshore areas are applied to water ecological restoration. The above-mentioned series of environmental protection equipment and technologies are widely used in major environmental protection construction projects such as the treatment of black and odorous water bodies, the treatment of domestic sewage in rural and urban areas, and the comprehensive improvement of urban and rural environment in Guangxi, Guangdong, Hunan, Hubei, Guizhou, Yunnan and other places, resulting in significant economic, ecological and social benefits.

　　4. The company developed a direct-heating chain plate thermal desorption system, which solved the double problems of low efficiency of thermal disposal of oil sludge and low compliance rate. The core process of the equipment is the staged thermal desorption technology of "direct heating with multi-point heat sources+static transmission of chain plates", which has the advantages of high yield, low residual oil, wide application, no coking, high thermal efficiency and less smoke and dust. This technical equipment has been manufactured domestically and independently, and has been certified by many patents for inventions and utility models. At the same time, it has been approved by the national key R&D plan project "Construction of technical system for remediation of high-concentration oil-contaminated soil and technical demonstration and verification". In 2019, it was successfully selected into the "First (set) Guidance Catalogue for Promotion and Application of Major Technical Equipment" of the Ministry of Industry and Information Technology.

　　(C) innovative research platform carrier construction

　　The company is a national high-tech enterprise, a national technological innovation demonstration enterprise and a national intellectual property demonstration enterprise. It has been recognized as the national enterprise technology center, the "Southern Shishan Mine Geological Environment Restoration Engineering Technology Innovation Center" of the Ministry of Natural Resources, the Guangxi Industrial Water Pollution Control Engineering Technology Research Center, the Guangxi Contaminated Site Remediation Engineering Technology Research Center, and the Guangxi Soil Remediation Technology and Equipment Engineering Research Center. During the reporting period, the company was recognized by four scientific research platforms, including Guangxi Key Laboratory of Environmental Pollution Control and Ecological Restoration Technology, Guangxi Science and Technology Innovation Cooperation Base, Guangxi Beibu Gulf Coastal Pollution Control and Restoration Engineering Research Center and Nanning Collaborative Innovation Center. The company has built more than 7,000 square meters of national CNAS and CMA R&D and analysis and testing laboratories, and has more than 300 sets of precision instruments and equipment such as gas chromatograph, high performance liquid chromatograph, Fourier infrared spectrometer and inductively coupled plasma emission spectrometer. More than 3,000 square meters of environmental protection pilot platform will be built, and nine pilot test platforms will be built, including high-concentration organic wastewater treatment test, soil and groundwater engineering test, clean production and chemical preparation test, solid hazardous waste treatment and disposal, and comprehensive utilization test of waste lithium batteries, which can simulate the whole process of pollutants such as water, gas and solid under different working conditions, realize the whole process docking of R&D-design-manufacturing-engineering-operation, and further accelerate the output rate and operation of environmental protection scientific and technological achievements.

　　(D) Industrial chain innovation, incubation and construction.

　　The company has built a development model of science and technology industry of "scientific and technological innovation-integrated demonstration-transformation and promotion-innovation incubation-industry driving", and has hatched or cultivated subsidiaries in environmental protection industries and business sectors such as environmental assessment consultation, analysis and testing, R&D and venture capital, industrial pollution control, disinfection products, intelligent sanitation integration, environmental protection equipment manufacturing and new material manufacturing, environmental protection facility operation and hazardous waste disposal. By the end of the reporting period, a total of 9 subsidiaries had been recognized by national high-tech enterprises, and 2 subsidiaries. During the reporting period, the company was selected into the list of Guangxi smart factory demonstration enterprises in 2022, and Hunan Boshike, a wholly-owned subsidiary, was recognized by provincial scientific research platforms such as "Hunan Province Certified Enterprise Technology Center" and "Hunan Province Refractory Industrial Wastewater Enhanced Oxidation Treatment Engineering Technology Research Center", and was awarded the upgraded version (AA level) of the integrated management system of the Ministry of Industry and Information Technology.

　　(V) Introduction of innovative talents and formation of core teams.

　　The company has built a core technical team with Academician Wang Shuangfei as the chief scientist, and built a talent team around the development and application of basic research platforms and scientific and technological achievements transformation platforms in the environmental protection industry. By the end of the reporting period, the company had 1,245 R&D personnel, accounting for 27.36% of the company’s total employees. Among the employees in the company, there are 136 senior titles, 465 intermediate titles, 30 doctors and 176 masters, 1 academician of China Academy of Engineering, 2 candidates for the National "Hundred Million Talents Project", 1 leading scientific and technological innovation talent in the National "Ten Thousand Talents Program", 1 leading young and middle-aged scientific and technological innovation talent in China, 2 experts enjoying special allowances from the State Council and 1 leading professional and technical talent in national ecological and environmental protection. There are 1 top-notch young professional and technical talent in national environmental protection, 1 advanced individual in intellectual property work of national enterprises, 2 scholars in Guangxi Bagui, 1 outstanding expert in Guangxi, 2 high-level talents in Guangxi and 100 high-level talents in Nanning. High-quality talent team has become the core productivity of the company, ensuring the competitive advantage of enterprises in technology research and development and business development.

　　During the reporting period, there was no serious impact on the company’s core competitiveness due to the resignation of the core management team or key technicians, upgrading of equipment or technology, and loss of franchise rights.

　　1, the participation of major scientific research projects

　　2. Patents and patent use rights

　　By the end of the reporting period, the company and its subsidiaries had obtained 440 authorized patents, including 54 invention patents, 367 utility model patents and 19 design patents.

　　3. Update and acquisition of major qualifications

　　4. Software copyright

　　5, the national enterprise technology center.

　　In 2019, according to the Notice on Issuing the List of Newly Recognized and All National Enterprise Technology Centers in 2018 (25th Batch) jointly issued by the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Finance, the General Administration of Customs and State Taxation Administration of The People’s Republic of China (No.36 [2019] of the Development and Reform Commission), the company’s enterprise technology center was recognized as "National Enterprise Technology Center". The company’s enterprise technology center is mainly responsible for the overall grasp and implementation of the company’s technology research and development, technology development strategy, industrialization of achievements and intellectual property management. The identification of the national enterprise technology center will promote the company to attract high-end technical talents in the industry, build a high-end scientific research platform, obtain corresponding policy support, and continuously improve the company’s independent innovation ability.

　　6, the national integration of production and education enterprise identification

　　In 2021, the General Office of the National Development and Reform Commission and the General Office of the Ministry of Education issued the Notice on the List of Industry-Education Integration Enterprises and Pilot Cities for Industry-Education Integration (No.573 [2021] of the Development and Reform Office), and announced the first batch of 63 state-owned enterprises with industry-education integration. Dr. Bosch was selected as a national enterprise with industry-education integration, and it was the only one in Guangxi. This time, it is recognized that the company will continue to strengthen the leading and demonstration role of enterprises with integration of production and education, deepen the cooperation with universities and scientific research institutions at home and abroad in Industry-University-Research, focus on technical research of environmental protection industry, build a training base with integration of production and education around the cultivation of industrial innovative talents, strengthen scientific research investment and build a platform for the transfer of scientific and technological achievements, so as to promote the high-quality development of integration of production and education in enterprises with innovation.

　　7. Identification of National Intellectual Property Demonstration (Advantage) Enterprises

　　In 2022, China National Intellectual Property Administration announced the list of "a new batch of national intellectual property demonstration enterprises and advantageous enterprises that passed the review in 2022". The company was recognized as a national intellectual property demonstration enterprise in 2022, and its wholly-owned subsidiary, Hunan Boshiko, was recognized as a national intellectual property advantageous enterprise in 2022. The recognition of the National Intellectual Property Demonstration (Advantage) Enterprise marks a new step in the company’s intellectual property management, and is a high recognition of the company’s continuous implementation of the intellectual property management strategy. The company will continue to strengthen the support, promotion and leading role of intellectual property rights and technological innovation in enterprise development, maintain continuous innovation, and build an internationally influential environmental protection enterprise brand relying on technological innovation.

　　8, the provincial scientific research platform identification

　　In 2022, the company was recognized by the Science and Technology Department of Guangxi Zhuang Autonomous Region as "Key Laboratory of Environmental Pollution Control and Ecological Restoration Technology in Guangxi" (Guikeji Zi [2022] No.60) and "Guangxi Scientific and Technological Innovation Cooperation Base for Environmental Pollution Control and Ecological Restoration" (Guikewaizi [2021] No.135). Hunan Boshike, a wholly-owned subsidiary of the company, was recognized by Hunan Provincial Department of Industry and Information Technology as "Hunan Provincial Certified Enterprise Technology Center" (Xianggongxin Technology [2022] No.16) and by Hunan Provincial Department of Science and Technology as "Hunan Provincial Engineering Technology Research Center for Enhanced Oxidation Treatment of Refractory Industrial Wastewater" (Xiangkeji [2022] No.20). Guangxi Environmental Protection Industry Development Research Institute Co., Ltd., a wholly-owned subsidiary of the company, was recognized by the Development and Reform Commission of Guangxi Zhuang Autonomous Region as "Guangxi Beibu Gulf Coastal Pollution Control and Restoration Engineering Research Center" (Gui Fa Gai Gao Ji Han [2022] No.2312). The identification of the above-mentioned provincial-level scientific research platform will promote the company to gather environmental protection and build dual-innovation elements in upstream and downstream industrial chains, build public service platforms for environmental protection industries such as innovation, technology, talents and finance, form a dual-innovation ecosystem with outstanding innovation capability, high achievement conversion rate, strong market competitiveness and high-level talents gathering, and provide inexhaustible power for the high-quality development and ecological civilization construction of Dr.Bosch..

　　9. Identification of CMA qualification

　　Bose Testing, a wholly-owned subsidiary of the company, holds the certificate of qualification of inspection and testing institutions (CMA), and its laboratory has environmental monitoring area, food testing area, large-scale instrument area and microbial laboratory. Up to now, Bo-test has passed the qualification evaluation of inspection and testing institutions, and has been approved for more than 3,100 testing capabilities, including more than 1,600 environmental monitoring capabilities, with complete qualifications in the field of environmental monitoring; The food detection ability reaches more than 1,500 items, covering food physics and chemistry, food heavy metals, food pesticide residues, food additives, food additive products, food microorganisms, food vitamins and 31 kinds of food products. In December, 2022, the Ministry of Agriculture and Rural Affairs officially published the list of the third batch of testing laboratories in the third national soil survey, and the sampling test was successfully selected, becoming one of the four laboratories in Guangxi that can undertake both sample preparation and testing tasks.

　　10. CNAS accreditation

　　In December 2018, the company’s testing center obtained the laboratory accreditation certificate (registration number: CNAS L6627) issued by China National Accreditation Committee for Conformity Assessment. The company’s testing center meets the requirements of ISO/IEC 17025: 2017 General Requirements for Testing and Calibration Laboratories (CNAS-CL01 Accreditation Criteria for Testing and Calibration Laboratories) and has more than 20 testing capabilities for water and wastewater. The certificate is valid until December 26, 2024.

　　Bose Testing, a wholly-owned subsidiary of the company, obtained the laboratory accreditation certificate (registration number: CNAS L12306) issued by the National Accreditation Committee for Conformity Assessment in China in May 2019, which meets the requirements of CNAS CL01:2018 Standards for Accreditation of Testing and Calibration Laboratories and CNAS-CL01-A002:2018 Instructions for Application of Standards for Accreditation of Testing and Calibration Laboratories in Chemical Testing, and has environmental and food requirements. The certificate is valid until May 29th, 2025.

　　

　　Fourth, the main business analysis

　　1. Overview

　　In 2022, the company’s audited operating income was 2,223,804,900 yuan, a decrease of 16.29% over the same period of last year; The net profit attributable to shareholders of listed companies was-448,723,700 yuan, a decrease of 66,044,600 yuan compared with the same period of last year. The operating income was 672,917,500 yuan, an increase of 11.18%, and the operating cash flow was 153,440,300 yuan, an increase of 559,131,700 yuan. The main reasons for the company’s losses are as follows: firstly, during the reporting period, the company continued to optimize its business structure. YEATION strictly controlled the municipal engineering business, vigorously developed the industrial sector business, continuously increased the proportion of equipment sales revenue, and promoted the audit and settlement of completed projects. The order volume of the municipal engineering sector decreased, and the engineering output value of some completed projects was reduced, resulting in a year-on-year decline in engineering business income. Although the orders for the industrial sector increased rapidly, most of the industrial orders signed in 2022 were still under implementation due to the volume of the project and the implementation cycle, and the acceptance and handover work could not be completed within the reporting period and turned into output value. Under the comprehensive influence, the income scale of the company’s main business declined. Secondly, according to the requirements of accounting standards and internal control system, the company conducted impairment tests on all kinds of assets, and made individual provision for impairment losses on the accounts receivable of old municipal project customers with obvious signs of impairment and the inventory of engineering projects that were stopped due to abnormal reasons and the construction period was delayed, and made provision for impairment losses of all kinds of assets of RMB104,124,200 for the whole year. To sum up,The main reasons for the company’s operating performance loss in 2022 are the decline in income scale and the provision of some asset impairment losses.

　　At present, the company is in an important transition period. On the one hand, it continues to concentrate superior resources to develop industrial sector business; on the other hand, it speeds up the quality improvement and efficiency improvement of consulting and operational projects, and the business structure and income ratio structure of main business are continuously optimized. By increasing the business collaboration between the front and back ends of the industrial chain and business units of different business segments, the company has solidly promoted cost reduction and efficiency improvement and deepened reforms, focused on the settlement and payment of old projects, accelerated the revitalization of assets in hand, and strengthened risk and cost control, so as to promote the recovery of key business indicators and ensure the stable development of the company’s operations.

　　(1) Focus on high-quality orders in the industrial sector and achieve breakthroughs in overseas markets.

　　In 2022, the company actively adjusted its business focus, concentrated its superior resources, vigorously developed its industrial sector business, and further optimized its main business structure. During the reporting period, the company added 3.148 billion yuan in sales contracts, including 1.554 billion yuan in industrial water treatment contracts, accounting for 49.37%; The contract amount of municipal environmental management is 696 million yuan, accounting for 22.11%; The operating contract amount is 513 million yuan, accounting for 16.29%; The contract value of professional technical services such as consulting and testing was 219 million yuan, accounting for 6.96%. The overall quality of new orders and orders in hand was significantly improved, which laid a good foundation for subsequent revenue conversion and project payment. During the reporting period, the company and its subsidiaries participated in the bidding of about 332 projects, and about 214 projects won the bid, with a winning rate close to 64.46%, which fully reflected the company’s market competitiveness and sustainable operation ability.

　　As the core business of the company, the industrial sector takes selling equipment and providing technical services as its main business model, and its service areas cover industries such as papermaking, food, pharmaceuticals, semiconductors, chemicals and textiles. During the reporting period, the company relied on its leading edge in the field of industrial pollution control, such as waste water resource utilization and ultra-low emission key technologies, and the core technology of chlorine dioxide preparation system, and intensified the development of industrial environmental governance and pulp clean bleaching market at home and abroad. Four monomer orders of more than 100 million yuan and 26 monomer orders of more than 10 million yuan were successively signed, such as "Shouguang Meilun Chemical Pulp Factory General Contract for Chlorine Dioxide Preparation", "A Complete Equipment Supply and Technical Service Contract for Trichloroisocyanuric Acid", "A Supply Contract for 100t/d Comprehensive Chlorine Dioxide Preparation Project" and "A Complete Purchase Contract for 200,000 m3 /d Sewage Treatment Equipment". The industrial water treatment order was 1.554 billion yuan in the whole year, compared with the same period of last year.

　　Up to now, the company’s supply orders for handicraft equipment are about 2.286 billion yuan (including winning the bid), including overseas orders of 1.412 billion yuan. The main customers of such orders are leading papermaking enterprises at home and abroad. In the field of industrial water treatment and clean production of pulp drifting, the company basically achieved full coverage in Southeast Asia and maintained a high market share. At the same time, it focused on the North American and South American markets, and the layout in Russia, Turkey and other markets also achieved results one after another, further enhancing its overseas market share. In the future, the company will continue to focus on the main business of industrial environmental governance, continuously enhance the market share and industry influence at home and abroad, form an industrial cluster of industrial wastewater treatment, large-scale chlorine dioxide preparation and other chemicals production, and achieve near-zero industrial emissions, consolidate the leading position of domestic industrial pollution control industry, expand the market share of overseas industries, and further increase the business volume of industrial sectors and the proportion of business income in the company.

　　(II) Comprehensively promote project settlement and payment collection, and continuously optimize the business structure.

　　Actively promoting project settlement and payment collection is one of the most important annual business tasks of the company. In 2022, the company realized a sales rebate of 2.119 billion yuan, an increase of 11.23% year-on-year, and the rebate work achieved substantial results. During the reporting period, the company actively recommended the examination and approval of project settlement, and completed the completion and acceptance of 61 projects throughout the year, involving an effective contract amount of 2.298 billion yuan; 77 projects were submitted for review, with a total amount of 2.282 billion yuan; 90 projects (including process audit reports) have been approved, with an amount of 1.477 billion yuan, and the follow-up company will strive to make greater breakthroughs in the final settlement of old projects. Secondly, we will continue to strengthen the collection of old projects, give full play to the functions of special classes for collection of old projects, introduce incentive measures for collection of old projects, and incorporate the collection of old projects into the assessment indicators of business units. In 2022, nearly 900 million yuan was collected from old projects, which was significantly improved compared with previous years. Thirdly, with the double optimization of order structure and quality, the efficiency of industrial project equipment payment and project progress payment has been improved. With the PPP project of water operation gradually entering the stage of commercial operation, the project company has achieved relatively stable income, and the annual operating return reached 277 million yuan, showing an increasing trend year by year, which strengthened the company’s hematopoietic capacity. In addition, for projects with long aging, large amount and high payment difficulty,By actively planning and actively communicating with the owners to replace the payment with high-quality projects or assets, establishing a legal litigation mechanism for sending and receiving letters, directly linking the payment with the performance appraisal of senior executives and business divisions, and matching different incentive policies for accounts receivable with different aging, the company has taken many measures to comprehensively promote the payment work.

　　During the reporting period, the company further optimized the structure of orders in hand and the quality of newly signed orders. The orders in hand and newly signed orders are mainly EP, EPC and professional technical service orders, and most of them are projects with strong livelihood attributes such as industrial water treatment, municipal pipe network sewage treatment plant construction and water operation, which have strong payment ability, short cycle and guaranteed cash return. Secondly, actively adjust the income structure of main business, change the project implementation mode, further reduce the proportion of project income, and increase the proportion of equipment sales income and operating income. Third, continue to sort out and optimize the existing PPP projects and franchise projects, further improve the overall quality of the company’s PPP business, and gradually withdraw some projects that are ambiguous, or cannot be implemented or put into operation for a long time due to government reasons, further optimize the company’s business and debt structure, and reduce the financial pressure. Up to now, the company has withdrawn from seven PPP and franchise projects by means of equity transfer, asset transfer or changing the implementation mode, and signed the Agreement on Early Termination of Human Settlements Improvement Project in Chengjiang County, Yunnan Province with the government and the consortium leader. On the premise of ensuring the settlement and payment of the project funds, the company withdrew from Chengjiang Human Settlements PPP Project as a project shareholder and recovered the investment of 83,361,800 yuan. Fourth, the project operation was solidly promoted. During the reporting period, the company realized operating income of 672,917,500 yuan, up by 11.18% year-on-year. Up to now, the company has officially entered 23 franchise projects for commercial operation;Eight franchise projects entering the trial operation stage; 18 solid waste (integrated sanitation) operation projects; There are 5 terminal operation projects for sludge treatment and soil disposal. With the sanitation, oily sludge treatment and PPP projects undertaken by the company gradually entering the operation stage, the scale of operating assets will continue to expand, and the continuous and stable operating income and cash flow will further enhance the company’s hematopoietic function.

　　(C) actively expand the sub-sectors and further deepen the industrial layout.

　　As new energy vehicles enter a new stage of rapid development, power batteries will usher in the peak period of scrapping, and the demand for power battery reuse and recycling business is gradually increasing. Relying on the national enterprise technology center, Guangxi pilot research base for the transformation of scientific and technological achievements in environmental protection technology and equipment, the company has played a leading role in the research and development of industrial wastewater and solid hazardous waste treatment technology and equipment, and has formed a core technology system for comprehensive utilization of waste lithium batteries with independent intellectual property rights through small-scale and industrial tests. After deliberation and approval by the company’s board of directors, it is agreed that Keqing Environment, a wholly-owned subsidiary of the company, will be the main body of project implementation, and invest in a new 20,000-ton/year comprehensive utilization project of waste lithium batteries, with a total investment of about 141 million yuan. If the project is successfully implemented, it will help the company to further expand the solid waste treatment business segment, deepen the industrial layout, enhance the company’s industrial position and comprehensive competitiveness in the field of environmental protection, and help the company to thoroughly implement the national strategic deployment requirements of "carbon neutrality" and "peak carbon dioxide emissions", which is in line with the company’s long-term development strategy.

　　During the reporting period, the company successively signed cooperation framework agreements with Dongfeng Liuzhou Automobile Co., Ltd., Guangxi Automobile Group Co., Ltd., Liuzhou Guoxuan Battery Co., Ltd., the holding company of () Co., Ltd., and PT.YONG QING INDUSTRY(INDONESIA) of Indonesia, aiming at integrating superior resources and jointly promoting in-depth cooperation in the field of waste power battery recycling, so as to obtain good social benefits and return on investment. The signing of the above cooperation framework agreement will help the company to promote the industrialization transformation of basic research results, further expand the subdivision business in the field of solid waste treatment, and generate synergistic benefits with the company’s existing solid waste treatment and disposal sector.

　　Considering the changes in the hazardous waste disposal market in the region and the customer’s demand, in order to effectively revitalize the project assets, it was approved by the second extraordinary shareholders’ meeting in 2022 that Keqing Environment, a wholly-owned subsidiary of the company, was allowed to carry out technical transformation on some facilities and equipment of the "Beibu Gulf Resource Recycling Project". On the basis of using the original equipment of the physicochemical treatment workshop, the original physicochemical treatment workshop was transformed into a resource utilization workshop with its own funds or self-raised funds, and 20,000 tons/year of equipment for resource utilization of electrolytic aluminum overhaul slag was added. Guangxi is a province rich in aluminum resources. As one of the few hazardous waste disposal enterprises with the qualification to dispose of overhaul slag in the region, Keqing Environment can quickly respond to the market demand, undertake the related business of overhaul slag disposal and resource utilization, and tap new profit growth points for the company.

　　(4) Pay attention to both management efficiency and quality, and comprehensively promote cost reduction and efficiency improvement.

　　Under the economic downturn and the pressure of performance, the company achieved cost reduction and efficiency improvement by reducing management costs, strengthening project dynamic cost control, optimizing organizational structure and personnel, and revitalizing hand assets. In terms of moving forward the risk port, we focused on strengthening pre-bid risk management and control, strengthening contract review around key business indicators, establishing and improving the project kick-off meeting procedures and project leader mechanism, and the quality of landing projects has been significantly improved. In terms of expenses, the company strictly controls the company’s payment-to-receipt ratio by means of controllable management of expenses linked to sales revenue or new orders, so as to ensure that the cash flow remains stable. In terms of project cost control, we started to promote the comprehensive budget mechanism, further strengthened the budget management, cost control, procurement control and cash flow audit of the project, and carried out the whole process tracking control of the project implementation. On the premise of ensuring that the performance and quality of equipment are not affected, the company has achieved cost reduction and efficiency improvement by optimizing equipment selection and material selection, adjusting equipment structure and improving production technology. In terms of improving management efficiency, the company takes the market, product, value and service as the main line, strengthens the linkage relationship among industry, specialty, region and customer, reconstructs the functional structure, and integrates resources and business of the business unit. In terms of information platform construction, the I8P project management system was officially launched, and the data integration and penetration of project information management, contract management, supply chain management, fund management and budget management were initially realized, and the project life cycle management level was improved.Comprehensively strengthen the response speed and management accuracy of the company’s operations. Strictly implement the performance appraisal of all employees, and establish a hierarchical appraisal system for business objectives and key tasks; According to the change of business form, on the basis of last year’s talent inventory, we will promote the work of personnel quota, quota and post, and investigate and optimize the employees who are incompetent and have poor performance through the optimization measures such as merging branches and implementing regional joint office; Further broaden the channels for talent promotion, promote the competitive recruitment mechanism for management cadres, provide an open, fair and just platform for more outstanding talents, and release organizational vitality.

　　(V) Adhere to scientific and technological innovation and lead the company to develop with high quality.

　　The company insists on technological innovation to drive development, and through continuous improvement of independent innovation and R&D capabilities, the company’s existing technical strength and service level are enhanced, and the competitiveness of technology and services is enhanced, so as to consolidate its leading position in the field of environmental protection segmentation. During the reporting period, the company added 66 patents, including 8 invention patents; By the end of the reporting period, the company and its subsidiaries had obtained 440 authorized patents, including 54 invention patents, 367 utility model patents and 19 design patents.

　　Based on solving the key common technologies of industrial development, the company has built a benign operation mechanism from technological achievements and products to industrial application. At present, it has formed a technological innovation system of basic theoretical research on environmental protection, research and development and application of key technologies of environmental protection, and integration of production and education. In terms of scientific research platform construction, in 2022, the company was selected as the national intellectual property demonstration enterprise certification, the list of Guangxi smart factory demonstration enterprises, "Guangxi Key Laboratory of Environmental Pollution Control and Ecological Restoration Technology" and "Guangxi Scientific and Technological Innovation Cooperation Base for Environmental Pollution Control and Ecological Restoration"; Hunan Boshiko, a wholly-owned subsidiary, was selected as the national intellectual property advantage enterprise certification, Hunan Provincial Certified Enterprise Technology Center, Hunan Provincial Certified Enterprise Technology Center, Hunan Provincial Certified Enterprise Technology Center, Hunan Provincial Refractory Industrial Wastewater Enhanced Oxidation Treatment Engineering Technology Research Center and other provincial-level scientific research platforms, and won the conformity assessment of the upgraded version (AA level) of the two-in-one integrated management system of the Ministry of Industry and Information Technology. In addition, the company has been on the list of top 100 enterprises in Guangxi, top 50 manufacturing enterprises in Guangxi, top 100 high-tech enterprises in Guangxi and top 10 innovative vitality in Guangxi for many years in a row, and has been recognized by platforms such as Guangxi new R&D institutions, Guangxi pilot research base for the transformation of scientific and technological achievements in environmental protection technology and equipment, Guangxi innovation consortium and Guangxi Shuangchuang demonstration base. In 2023, the company will adhere to the market-oriented scientific and technological innovation, focus on key issues in project expansion and production, let technology take the lead, effectively promote the "key variables" of scientific and technological innovation, and make achievements."Maximum increment", integrating scientific and technological innovation resources and continuously building an advanced, scientific, standardized and high-quality low-carbon environmental protection service system.

　　(VI) Strengthening Party building and continuously deepening internal reform.

　　In 2022, under the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, the Party Committee of the Company effectively unified its thoughts and actions into the spirit of the 20th Party Congress, deepened the achievements of party building with "strong fortress and hard pioneer", strengthened ideological construction, gave full play to the party’s political core role, the fighting fortress of the party organization and the vanguard and exemplary role of party member, always adhered to the long-term co-construction mechanism of "Party building with workers and groups, and promoting party building with workers and groups", closely focused on the company’s business plan, and promoted.

　　The company’s Party Committee adheres to the idea of leading the Party building thought and serving the development and progress of enterprises, and makes great efforts to build a "three-first-class" Party building work idea. It is the first batch of demonstration sites for Party building work in two new organizations in autonomous regions, Nanning City and High-tech Zone, and the case of Party building work has been selected in Publicity Department of the Communist Party of China’s Selected Cases of Ideological and Political Work Innovation in Private Enterprises in the New Era. During the reporting period, focusing on "strengthening ideological guidance, giving full play to organizational advantages, and consolidating the foundation between the party and the masses", the Company established the Ninth Party Branch of Boshiko and the Temporary Party Branch of the Rural Sewage Comprehensive Treatment Project along Santang and Sitanghe River in Nanning, and jointly created a "red construction site" with the front-line project departments to further play the leading role of party building. At the same time, we will complete the general election of the first, fourth and sixth branches whose terms of office expire, formulate the Detailed Rules for the Annual Assessment of the Responsibility System for Ideological and Political Work of Branch Secretaries, and all staff will sign a letter of commitment on honesty, so as to create a good atmosphere of clean and honest atmosphere and help enterprises develop healthily and sustainably. The Party Committee of the Company gives guidance to the branches and subsidiaries that have established grass-roots party organizations and carried out the work of party building, concretizes and institutionalizes the party’s leadership into corporate governance, promotes the standardization and institutionalization of party organizations, and further grasps the work of "party building into chapters". The company strictly implements the spirit of the "eight regulations", takes effective measures to effectively change the work style, and runs internal control management and anti-corruption throughout the whole process of enterprise production, operation and management. By persistently grasping the work style, it constantly strengthens the construction of leading cadres and creates a healthy, harmonious and entrepreneurial atmosphere.Promote the internal reform and development of enterprises to a new level.

V. Prospect of the Company’s Future Development

　　1. The development prospect of the company’s industry.

　　According to the report of the 19th National Congress of the Communist Party of China, the construction of ecological civilization is a Millennium plan for the sustainable development of the Chinese nation, and the harmonious coexistence between man and nature is regarded as an important part of the basic strategy of adhering to and developing Socialism with Chinese characteristics in the new era, and the construction of beautiful China is regarded as a major goal of building a socialist modern power in an all-round way, so that the construction of ecological civilization and the protection of ecological environment are promoted to an unprecedented strategic height. Under the guidance of the important strategic thinking of the Supreme Leader’s General Secretary on ecological civilization construction, China’s ecological environment protection has achieved remarkable results from the realization of historical, turning and overall changes in practice, and the construction of beautiful China has taken important steps. The Central Committee of the Communist Party of China’s Proposal on Formulating the 14th Five-year Plan for National Economic and Social Development and the Long-term Goals for the Year 2035, which was deliberated and adopted by the Fifth Plenary Session of the 19th CPC Central Committee, regards "achieving new progress in ecological civilization construction" as one of the main goals of economic and social development during the 14th Five-Year Plan period, and regards "widely forming a green production and lifestyle, stabilizing and declining carbon emissions after reaching the peak, fundamentally improving the ecological environment, and basically realizing the goal of building a beautiful China" as the goal of basically realizing socialist modernization by 2035. The Party’s Report to the 20th CPC National Congress further clarified that "the urban and rural living environment has been significantly improved, and the construction of beautiful China has achieved remarkable results" is listed as the main target task in the next five years; He also stressed that it is necessary to promote the construction of beautiful China, adhere to the integrated protection and systematic management of mountains, rivers, forests, fields, lakes, grass and sand, coordinate industrial structure adjustment, pollution control, ecological protection, and respond to climate change, and jointly promote carbon reduction, pollution reduction, greening and growth.Promote ecological priority, conservation and intensive, green and low-carbon development. In recent years, the state and government have paid more and more attention to the development of advanced environmental protection industries, and have successively issued a number of policies to promote the development of the industries. For example, Guiding Opinions on Accelerating the Construction of Urban Environmental Infrastructure, Development Plan for Urban Sewage Treatment and Resource Utilization in the Tenth Five-Year Plan, Action Plan for Fighting Against Pollution in Agriculture and Rural Areas (2021-2025), Action Plan for Fighting Against Pollution in Agriculture and Rural Areas (2021-2025), Action Plan for Environmental Protection of Urban Black and Odor Water Remediation in the Tenth Five-Year Plan, and Action Plan for Promoting Wastewater Resource Utilization The catalogue of major environmental protection technologies and equipment developed and the implementation opinions on creating a better development environment to support the healthy development of private energy-saving and environmental protection enterprises have provided a good development environment for the development of advanced environmental protection industries.

　　2. Future business objectives

　　(1) Support enterprises with scientific and technological innovation to continuously improve the core competitiveness of equipment manufacturing.

　　The Guiding Opinions on Accelerating the Development of Environmental Protection Equipment Manufacturing Industry points out that it is necessary to strengthen the collaborative innovation and development of technology research and development, promote the intelligent and green transformation and development of production, promote the development of product diversification and branding, guide the differentiated and integrated development of industries, and encourage enterprises to develop internationally and openly. Under the increasingly strict requirements of national environmental protection inspectors and environmental monitoring, there is an urgent demand for environmental protection equipment products and technologies. The company will further optimize its business composition, stick to its main business, focus on innovation, increase the proportion of core technology and equipment sales in its business contribution, and actively expand environmental comprehensive services with emphasis on equipment manufacturing.

　　(2) Continue to maintain the core competitive advantage in the field of traditional industrial pollution control.

　　With the development of local economy and the need of environmental treatment, the demand for centralized pollution control and treatment of enterprise groups in industrial parks has increased, and water treatment services have also been systematically treated from the point source of a single enterprise to the whole park. Comprehensive utilization and development of water resources With the expansion of the number and scale of industrial parks and the improvement of industrial wastewater treatment standards, the comprehensive water treatment business in industrial parks will have a huge market space. Relying on its own core technology and engineering project experience, while continuously consolidating the leading position of wastewater treatment in sugar and paper industries, the company continues to maintain its core competitive advantages in the fields of anaerobic treatment of high-concentration organic wastewater and advanced treatment of refractory wastewater, preparation technology and system integration of clean and bleached chlorine dioxide in pulp and paper making, focusing on equipment manufacturing and vigorously expanding the wastewater treatment market in other industries such as semiconductor, pharmaceutical, chemical, textile and food.

　　(3) Focus on sewage treatment projects in villages and towns.

　　Treating rural sewage well is of great significance for improving the water source environment in China, promoting the construction of beautiful countryside and enhancing the happiness of rural people. In January 2021, the National Development and Reform Commission and other ten departments jointly issued the Guiding Opinions on Promoting the Reuse of Sewage Resources (No.13 [2021] of the Development and Reform Commission), which made important arrangements for comprehensively promoting the reuse of sewage resources. According to the opinion, by 2025, the national sewage collection efficiency will be significantly improved, the sewage treatment capacity of county towns and cities will basically meet the needs of local economic and social development, and the sewage treatment in water-sensitive areas will basically be upgraded; The utilization rate of reclaimed water in water-deficient cities at or above the prefecture level in China has reached more than 25%, and that in Beijing, Tianjin and Hebei has reached more than 35%; The reuse of industrial water, livestock manure and the utilization of fishery tail water have been significantly improved; The policy system and market mechanism of sewage resource utilization have been basically established. By 2035, a systematic, safe, environmentally friendly and economical pattern of sewage resource utilization will be formed. The company has developed a series of advanced and applicable products and technologies such as low-concentration denitrification and high-efficiency denitrification light filter, MCO, MCI reactor series products, high-efficiency magnetic separation system, integrated SBR reactor, etc. around urban and rural environmental governance, and will continue to develop and optimize products and technologies that meet market demand. Intensify efforts to expand water investment, construction and operation, urban water supply and drainage integration, reclaimed water reuse, urban inland river and black and odorous water treatment, sponge city construction, river basin water ecological restoration and other projects.

　　(4) Optimize the light asset business and actively promote the innovation of business model.

　　The company maintains the competitive advantage of the whole environmental protection industry chain, concentrates resources to consolidate the industry position of environmental services such as environmental assessment, consulting, testing, design and sanitation in Guangxi, Guangdong and Hunan markets, maintains the steady growth of business, and at the same time benchmarks the business model of similar enterprises to improve the profitability of the project. The company has changed from pursuing volume to pursuing quality, gradually reducing the proportion of engineering projects, shifting its business focus to high-quality EPC projects and equipment sales projects with profit as the guide, and unswervingly taking the road of light assets, thus achieving the "four reductions" goal of reducing capital occupation, reducing the accumulation of accounts receivable, reducing financing costs and reducing the loss of bad debts.

　　(5) Further expand the market of solid waste treatment and disposal.

　　During the "Fourteenth Five-Year Plan" period, it is more urgent to comprehensively improve the efficiency of resource utilization around the theme of promoting high-quality development. Domestic waste treatment, industrial solid waste treatment, hazardous waste treatment, construction waste treatment and other businesses set sail again. Judging from the performance of several sub-fields, China’s solid waste treatment industry is showing a brand-new development trend. With the horizontal expansion of the industrial chain of traditional sanitation enterprises and the vertical expansion of solid waste terminal disposal enterprises such as incineration, the competition of solid waste disposal projects has become increasingly fierce. Relying on the long-term accumulation of customer resources and related technical reserves in the field of water treatment, the company has developed key technologies and equipment such as harmless treatment of solid waste, recycling of resources, and disposal of solid hazardous waste through in-depth market development, so as to further expand the market of "harmless, reduced and recycled" disposal of solid waste.

　　Emerging sub-sectors such as "waste-free cities", garbage sorting, smart sanitation, intelligent upgrading, and unmanned sanitation vehicles began to rise in the sanitation sector, and continued to attract the attention of the industry and capital at a high growth rate. The company is engaged in multi-field sanitation industry chain business, has built an intelligent integrated service system for urban and rural sanitation, and has successfully explored a comprehensive service model for operational cleaning and garbage collection, transportation, treatment and terminal disposal in urban and rural areas. In order to adapt to the rapid development of the sanitation market, the company focuses on the research and development of special vehicles and the improvement of equipment manufacturing production capacity, and creates a smart sanitation cloud platform and intelligent driving technology for the company; Strive to reach the advanced level of domestic sanitation industry in the development of special sanitation vehicles, intelligent control technology, new energy technology, smart cloud platform and intelligent manufacturing.

　　At present, the company has successfully developed a complete set of technologies for harmless and resource-based treatment of overhaul slag. After applying the comprehensive treatment technology of the company’s overhaul slag, the harmless slag is identified as general industrial solid waste, which can truly "take off the hat" of hazardous waste and further utilize building materials as resources; The high-value carbon powder, fluorite balls and other products obtained by recycling waste cathode carbon blocks can meet the requirements of corresponding product standards, and can be used as raw materials for upstream and downstream industries such as refining and fluorine chemical industry, so as to realize multi-scene industrial application of resource products. As one of the few hazardous waste disposal enterprises in Guangxi, Keqing Environment, a subsidiary of the company, can quickly respond to the market demand, undertake the related business of overhaul slag disposal and resource utilization, and tap new profit growth points. New energy vehicles have been widely promoted and applied since 2013, and entered the accelerated growth stage in 2014, and they have been rapidly released since 2015. The New Energy Automobile Industry Development Plan (2021-2035) proposes that the proportion of new energy automobile sales in China will reach about 20% of new automobile sales in 2025, and the high production and sales of new energy vehicles will drive the loading capacity of power batteries to rise, and power batteries will face a large scale of retirement in the future. Relying on the national enterprise technology center, Guangxi pilot research base for the transformation of scientific and technological achievements in environmental protection technology and equipment, the company has played a leading role in the research and development of industrial wastewater and solid hazardous waste treatment technology and equipment, and has formed a core technology system for the comprehensive utilization of waste lithium batteries with independent intellectual property rights.The company will explore the recycling market of new energy power batteries, further expand the subdivision business in the field of solid hazardous waste treatment, and have a synergistic effect with the company’s existing solid hazardous waste treatment and disposal plate, which is in line with the company’s long-term development strategy and is conducive to the company’s in-depth implementation of the national strategic deployment requirements of "carbon neutrality" and "peak carbon dioxide emissions".

　　(6) comprehensively enhance the service capability advantages of the whole industry chain.

　　The company will continue to focus on water treatment, soil remediation, clean production, solid waste disposal and other main businesses, implement the strategic concept of "whole industry chain service", adhere to the Industry-University-Research cooperation model, promote the commercialization of research results, and constantly improve the one-stop environmental management service platform integrating environmental assessment, monitoring, testing, environmental sanitation, engineering consulting, design, research and development, equipment manufacturing, engineering construction, facility operation and investment and financing operation, so as to broaden the income sources.

　　3, the future annual business plan

　　(1) Maintain the advantages of traditional business, tap the potential in depth, strive for progress steadily and explore new performance growth.

　　On the basis of maintaining the steady growth of traditional business, the company actively expands the industrial market (including the business of chemicals) and focuses on building the equipment manufacturing field. On the one hand, the internal industrial chain of the company develops in a coordinated and efficient way, improving the quality of products and services, reducing operating costs and achieving sustained growth in operating performance. On the other hand, we will gradually take petrochemical, food brewing and pharmaceutical as the main expansion direction, and actively lay out new performance growth points.

　　(2) Expand and strengthen overseas business and actively deploy the global market.

　　Focusing on the global strategic layout, the company continues to dig deep into the markets of Indonesia, India and the United States, and strive for more contracts. At the same time, it actively expands the markets of Russia, Southeast Asia and South America, further expands its overseas business and builds an influential international brand. While absorbing the technical experience of developed regions, it also further exports domestic advanced environmental protection treatment technologies and cooperates with international cutting-edge scientific research institutions to form an open, integrated and coordinated industrial innovation system. By building a North American R&D center, we will attract outstanding talents at home and abroad, focus on solving complex and systematic environmental problems, benchmark the international and domestic advanced level, select the right path, and concentrate on promoting major technological breakthroughs, thus providing a strong support for Bosch to lay out the global market.

　　(3) Accelerate the transformation and upgrading of business operations and strive to create new growth points for performance.

　　The company actively carries out the business of resource utilization of overhaul slag disposal and comprehensive utilization of power batteries. By adopting the core technical advantages of self-research, it opens up the closed loop of the high-priced metal industrial chain of "recycling of waste batteries-recycling of lithium and other high-priced metals-manufacturing products as battery raw materials", which can not only greatly improve the recovery rate and product purity of valuable metals in waste lithium batteries, but also realize near zero discharge of advanced treatment of wastewater. It can serve the resource utilization demand of waste lithium batteries outside the radiation zone in Guangxi, promote the sustainable development of Guangxi’s new energy automobile industry, form a closed-loop resource recycling of the power battery industry, and help the new energy to reduce carbon.

　　(4) Pay attention to forward-looking basic research and realize efficient achievement transformation.

　　Focusing on the key areas of environmental protection industry and future development, the company has built a high-level talent team and a high-level scientific research platform to lead forward-looking basic research and original innovation, achieve a major breakthrough in scientific research, and explore various ways to solve the bottleneck problem in applied basic research. The company pays attention to cultivating excellent R&D and management talents, popularizing advanced management experience and incentive mechanism, further stimulating innovation vitality, promoting the innovative development of "basic research, application development, achievement transformation and technology popularization", and constantly consolidating and enhancing the core competitiveness of enterprises.

　　The above development strategy and business plan do not constitute the Company’s substantial commitment to any investors and related parties. Investors and related parties should keep sufficient risk awareness and understand the differences between plans, forecasts and commitments.

　　4. Possible risks and countermeasures

　　(1) Risk of continued decline in business performance

　　In 2022, the company realized an operating income of 2,223,804,900 yuan, a year-on-year decrease of 16.29%; The net profit attributable to ordinary shareholders of listed companies was-448,723,700 yuan, a year-on-year decrease of 66,044,600 yuan, and the operating fundamentals were better than last year.

　　In 2022, influenced by changes in the domestic economic environment and intensified competition in the industry, the company insisted on optimizing its business structure. YEATION strictly controlled the municipal engineering business, vigorously developed the industrial sector business, continuously increased the proportion of equipment sales revenue, and promoted the audit and settlement of completed projects. The order volume of the municipal engineering sector decreased, and the engineering output value of some completed projects was reduced, resulting in a year-on-year decline in engineering business income. Although the orders for the industrial sector increased rapidly, most of the industrial orders signed in 2022 were still under implementation due to the volume of the project and the implementation cycle, and the acceptance and handover work could not be completed within the reporting period and turned into output value. Under the comprehensive influence, the income scale of the company’s main business declined. Secondly, according to the requirements of accounting standards and internal control system, the company conducted impairment tests on all kinds of assets, and made individual provision for impairment losses on the accounts receivable of old municipal project customers with obvious signs of impairment and the inventory of engineering projects that were stopped due to abnormal reasons and the construction period was delayed. In the whole year, the company made provision for impairment losses of all kinds of assets of RMB104,124,200. To sum up, the main reasons for the company’s operating performance loss in 2022 are the decline in income scale and the provision of some asset impairment losses.

　　In the future, if there are unfavorable factors such as shrinking downstream market demand, intensified industry competition and rising operating costs, or if the company fails to consolidate and enhance its competitive advantage in the market and its market development ability is insufficient, the growth rate of its revenue and profit will decrease, and there may also be a risk that its performance will continue to decline.

　　The company continued to improve internal control, strengthen financial and capital operation control, and strengthen the refined management of costs and budgets to promote the continuous improvement of the company’s operating quality and the steady recovery of operating benefits; By adopting the method of system supplemented by process control, we will strengthen the supervision of pre-bid control, project establishment, target cost calculation and procurement plan, take project profit as the core assessment element, deepen the relationship between benefit and performance assessment, and further promote the risk control of the whole project life cycle.

　　(2) risk of debt caused by the high debt scale and asset-liability ratio.

　　By the end of 2022, the company’s debt scale was 9,450,636,000 yuan, and its asset-liability ratio (consolidated statement) was 78.76%, which was at a high level. During the reporting period, in addition to its own business accumulation, the company mainly obtained the funds needed for operation through debt financing. The company is in the process of development. In the future, with the increase of the number of projects undertaken by the company and the amount of orders, the company’s demand for working capital will also increase. If there is a shortage of working capital in the future operation of the company, it will bring certain risk of debt to the company.

　　In order to cope with the impact of high asset-liability ratio on the company and ensure the smooth implementation of the project and business development, the company has formulated an efficient fund utilization plan, built a fund management and control platform and actively expanded various financing channels; Secondly, by strengthening supplier management and implementing centralized procurement, we can control the cost of raw materials, improve the R&D and processing capacity of core equipment products, and optimize the structure of production personnel to improve the gross profit margin and enhance the profitability of the company. At the same time, through self-management accumulation, increasing the collection of accounts receivable, making full use of high-quality projects to obtain special government subsidies and tax incentives, the sources of funds are continuously expanded, the cost of funds is saved, the working capital demand of the company is ensured, and the possible risk of debt is effectively reduced.

　　(3) Impairment risk caused by large balance of accounts receivable and contract assets.

　　At the end of 2020, 2021 and 2022, the book value of the company’s accounts receivable and contract assets totaled 2,673,775,500 yuan, 2,745,739,400 yuan and 2,981,610,800 yuan respectively, accounting for 51.00%, 55.48% and 64.24% of the total current assets at the end of the current period.

　　The balance of the company’s accounts receivable and contract assets is relatively large, mainly due to the continuous expansion of the company’s business scale. Due to the characteristics of phased collection, and the company’s customers are mainly large and medium-sized enterprises, listed companies, state-owned enterprises and government units in the industry, the payment procedures are more complicated, and some customers’ ability to pay is reduced, which leads to a large degree of capital occupation of the company by accounts receivable and contract assets, which makes the company face certain credit impairment risks. If the corresponding funds cannot be recovered in time according to the contract, it will have an adverse impact on the company’s operating conditions and cash flow.

　　The main engineering projects involved in the company’s accounts receivable and contract assets are in normal construction state or in the process of completion acceptance, audit settlement, etc., and the progress of some projects may be delayed due to economic downturn, land acquisition by local government and adjustment of implementation methods. In the future, if the company’s major engineering projects can’t be constructed normally, completed acceptance, audited settlement, etc., or there are other major uncertainties in further progress, it may lead to the risk that the company’s accounts receivable and contract assets can’t be recovered and a large amount of bad debt reserve is accrued, which in turn leads to the risk that the company will face a decline in operating performance.

　　On the one hand, the company regards payment collection as one of the most important business tasks of the year, matches different incentive policies for accounts receivable with different aging, and directly links payment collection with the performance appraisal of executives and various business divisions according to the newly formulated assessment method, so as to comprehensively strengthen the management of accounts receivable recovery; At the same time, we will focus on projects with strong payment ability and guaranteed financing, regard project payment as an important evaluation index for bidding selection, strengthen contract management and risk control, and ensure that the contract is fulfilled as promised. On the other hand, after years of great-leap-forward development, the company has achieved a certain industry position in a number of environmental protection sub-sectors. The company will adhere to sustainable high-quality development, continue to optimize its business model and order structure in the face of complex and changeable market environment and competitive pressure in the industry, intensify efforts to promote project settlement and payment of old projects, accelerate the franchise projects to enter commercial operation, and actively eliminate the risk of business performance decline that may be caused by credit impairment and asset impairment.

　　(4) Risk of 4)PPP business model

　　PPP projects usually have the characteristics of large investment, long construction and operation period, which makes the company have certain risks in implementing PPP business, such as macroeconomic risks, policy environmental risks, market environmental risks, legal change risks, financial risks, financing risks, construction risks, operational risks, risks that the overall project progress is not as expected, risks that the budget and settlement are greatly deviated, and risks that the handling capacity in the operation stage is not as expected, which may ultimately affect the feasibility and actual economic benefits of the company’s PPP projects.

　　During the reporting period, the company did not undertake new PPP projects. For the PPP project in hand, the company has set up a special working class, on the one hand, it actively promotes the project implementation, audit settlement and commercial operation, on the other hand, it further optimizes the operation management of the project in operation, enhances the profitability of the project, and lays the foundation for obtaining a stable return on investment in the future; Thirdly, the PPP projects in hand were further sorted out, and the PPP project evaluation and analysis report, PPP project investment income target tracking table, PPP project exit work plan tracking table and fixed assets investment realization plan tracking table were formulated, etc., and the status of PPP projects was dynamically analyzed, and the exit or transfer negotiations were initiated for projects that were difficult to advance. By the end of the reporting period, seven PPP project exit agreements had been signed.

　　(5) Risk of intensified market competition

　　In 2020, 2021 and 2022, the comprehensive gross profit margin of the company’s main business was 27.33%, 15.59% and 11.11% respectively. As a pillar industry of the national economy, the state has paid more and more attention to the development of environmental protection industry. Especially after entering the "14 th Five-Year Plan" period, the scale of environmental protection industry has steadily expanded, driven by favorable policies and accelerated release of orders, and industrial investment has been continuously enhanced.

　　While the environmental protection industry market presents great potential, the market competition is also increasing. In the market competition with environmental protection enterprises at home and abroad, if the company cannot maintain its advantages in technological innovation, product cost control and after-sales tracking service in the future, the market competition risk faced by the company will further increase.

　　In order to cope with the complex and changeable market environment and increasingly fierce market competition and ensure the smooth realization of the company’s business strategy, the company insists on building its core competitiveness, actively explores foreign markets based on the domestic market, enhances its marketing ability and technical service support, and enhances its ability to cope with market changes.

　　(6) the risk of technology being overtaken

　　In 2020, 2021 and 2022, the company’s R&D expenses were 193,026,300 yuan, 200,044,300 yuan and 170,669,500 yuan respectively. The company invested heavily in technology research and development. If the company cannot continue to maintain its advantages in technological innovation in the future, it will face the risk of being eliminated or overtaken, which will lead to the company being at a disadvantage in the future market competition.

　　In terms of technological innovation, the company will continue to strengthen R&D innovation and achievement transformation, expand key technology reserves, promote the application of scientific research achievements in production, actively build an industry-leading technology brands, and provide strong technical support and services for the development of the company’s business market.

　　(7) Risk of production safety

　　The environmental comprehensive treatment project undertaken by the company usually involves equipment manufacturing, assembly and integration, transportation and installation, project site construction and other links, which are dangerous and easily affected by various uncertain factors or unpredictable factors. Therefore, in the process of project implementation, the company has certain project implementation safety risks.

　　In order to scientifically prevent the safety risks in the project implementation process, the company implemented standardized management of on-site safety production, implemented occupational health and safety management system, applied PDCA cycle management mode, carried out hazard factor identification, and conducted closed-loop management of potential safety production hazards, effectively reducing all kinds of safety production risks, promoting the continuous improvement of on-site safety management level of the project, and ensuring the smooth and rapid implementation of the project.

　　(8) Environmental risks

　　In recent years, the national pollution emission standards have been continuously improved, environmental testing indicators and requirements have been continuously increased, and the daily supervision of environmental protection departments has also been continuously strengthened. The company mainly conducts business by undertaking environmental protection projects or investing, constructing and operating environmental protection projects. In daily operation, there are risks in environmental protection such as air pollution, harmful substances, sewage and solid waste discharge, and noise pollution.

　　Although the company has taken a number of measures to avoid or minimize the potential adverse impact on the environment in the process of project construction and operation, there are still certain environmental protection risks in the actual production and operation process. If environmental pollution incidents occur, it may have a certain adverse impact on the company’s management, brand reputation and profitability.

　　The company attaches great importance to the investigation and resolution of environmental risks, and has set up a professional operation team to formulate practical accident prevention measures for different types of projects, eliminate potential unsafe factors and management defects, continuously improve the emergency response capability of environmental emergencies and avoid major environmental incidents.

　　[Aika Auto Domestic New Car Original]

　　A few days ago, Aika Automobile learned that BYD Han DM (parameter picture) (parameter | inquiry) -i is expected to be listed in the third quarter. Han DM-i continues BYD Han’s design and makes adjustments in details. BYD Han DM-i is equipped with a DM-i plug-in hybrid system composed of 1.5T engine and motor.

Byd Han DM (inquiry module, please don’t edit it manually, if you need to delete it, please right-click on the picture to delete the inquiry)

　　In terms of appearance, BYD Han DM-i basically continues the design of the current model in terms of appearance. The air intake grille adopts hexagonal design and the interior is decorated with lattice chrome. In terms of body size, the length, width and height of the new car are 4960/1910/1495mm and the wheelbase is 2920mm respectively.

　　In terms of power, BYD Han DM-i is equipped with a DM-i plug-in hybrid system consisting of a 1.5T engine and a motor. The maximum power of the 1.5T engine code-named BYD476ZQC is 102kW (139HP), and the model of permanent magnet synchronous motor is TZ220XYG, with the maximum power of 145kW (197HP). In terms of batteries, the new car will be equipped with lithium iron phosphate batteries.

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