博奇环保二零二五年中期报告

2025Interim Report Contents目錄 2Corporate Information5Financial and Operation Highlights8Management Discussion and Analysis56Major Events in the First Half of 2025202562Human Resources66Other Information88Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income89Condensed Consolidated Statement ofFinancial Position92Condensed Consolidated Statement ofChanges in Equity95Condensed Consolidated Statement ofCash Flows97Notes to the Condensed ConsolidatedFinancial Statements135Definitions 公司資料Corporate Information BOARD OF DIRECTORS Executive Directors Zeng Zhijun(Chairman)Liu GenyuQian Xiaoning Non-Executive Directors 20252 14 Cheng Liquan Richard(resigned on 14 February 2025)Zheng Tony TuoZhu WeihangChen Xue Independent Non-Executive Directors Xie Guozhong(Lead independent non-executive Director)Li TaoYu Wayne W.Zhang Fan AUDIT COMMITTEE 20253282025328 Xie Guozhong(Chairman)Zheng Tony TuoZhang Fan(resigned on 28 March 2025)Li Tao(appointed on 28 March 2025) REMUNERATION COMMITTEE Li Tao(Chairman)Zeng ZhijunYu Wayne W. NOMINATION COMMITTEE 20253282025328 Zeng Zhijun(Chairman)Xie GuozhongLi Tao(resigned on 28 March 2025)Zhang Fan(appointed on 28 March 2025) STRATEGY COMMITTEE(ESTABLISHED ON 28 MARCH 2025) 20253 28 Zeng Zhijun(Chairman)Liu GenyuQian XiaoningXie Guozhong JOINT COMPANY SECRETARIES Hu NanWong Wai Ling AUTHORIZED REPRESENTATIVES Zeng ZhijunWong Wai Ling AUDITOR 97927 Ernst & YoungCertified Public AccountantRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong REGISTERED OFFICE PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands PLACE OF BUSINESS IN HONG KONG 40/F, Dah Sing Financial Centre248 Queen’s Road EastWanchai, Hong Kong 24840 HEADQUARTERS IN THE PRC 9-10/F, CCT CenterNo. 5 Laiguangying West RoadChaoyang DistrictBeijing, the PRC 519-10 LEGAL ADVISERS As to Hong Kong lawEric Chow & Co.in Association with Commerce & Finance Law OfficesRoom 3401, Alexandra House18 Chater RoadCentral, Hong Kong 183401 As to PRC lawCommerce & Finance Law Offices12-14th Floor, China World Office 2No. 1 Jianguomenwai AvenueBeijing, the PRC 1212-14 As to Cayman Islands LawMaples and Calder (Hong Kong) LLP53rd Floor, The Center99 Queen’s Road CentralHong Kong 9953 公司資料（續）Corporate Information (Continued) PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093Boundary HallCricket Square, Grand CaymanKY1-1102, Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093Boundary HallCricket Square, Grand CaymanKY1-1102, Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS China Construction Bank, Chaoyang BranchChina Minsheng Bank, Aoyuncun BranchChina CITIC Bank, Beichen BranchJiangsu Bank, Xuanwumen BranchChina Merchants Bank, Jianguo Road BranchBank of China (Hong Kong) Limited STOCK CODE AND BOARD LOT Stock Code: 2377 Board Lot: 1,000 1,000 Shares INVESTOR RELATIONS AND COMMUNICATIONS +86 10 5878 2210+86 10 5878 2059+86 10 5957 9900 – 001www.chinaboqi.comirhk@chinaboqi.com Tel:+86 10 5878 2210+86 10 5878 2059Fax:+86 10 5957 9900 – 001Website:www.chinaboqi.comEmail:irhk@chinaboqi.com 20256301,05894911.5%8897524+70 For the six months ended 30 June 2025, the Group’s revenueamounted to RMB1,058 million, representing an increase of11.5% as compared to RMB949 million for the same period lastyear; among which, revenue from flue gas treatment businesswas RMB889 million, revenue from water treatment businesswas RMB75 million, revenue from hazardous and solid wastetreatment/disposal business was RMB24 million and revenuefrom dual-carbon new energy+business was RMB70 million. 202563024319922.1%23.0%2.0 Forthe six months ended 30 June 2025,the Group’sgrossprofit amounted to RMB243 million,representing anincreaseof 22.1%as compared to RMB199 million for thesame period last year. The Group’s gross profit margin was23.0%, representing an increase of 2.0 percentage points ascompared with the same period last year. 202563014513.7%11612.2%25.0%1.5 Forthe six months ended 30 June 2025,the Group’s netprofit was RMB145 million with a net profit margin of 13.7%,representing an increase of 25.0% and 1.5 percentage points,respectively, as compared to RMB116 million and 12.2% forthe same period last year. 202563020 For the six months ended 30 June 2025, the Group secured20 new contracts, covering thermal power, chemical, industrialwastewater and new energy fields. In this interim report, certain amounts and percentage figureshavebeen subject to rounding adjustments,or have beenrounded to one or two decimal places. Any discrepancies inany tables, charts or elsewhere between total and sums ofamounts listed therein are due to rounding. 管理層討論與分析Management Discussion and Analysis ++ The Group is