北控城市資源(03718.HK):預計2022年度純利同比下降約四成
格隆匯3月17日丨北控城市資源(03718.HK)公佈,預期截至2022年12月31日止年度公司股東應占溢利將較2021年財政年度減少約40%左右。如扣除2021年財政年度中國地方政府授予的增值税減免約3,900萬港元的一次性影響,則減幅約為35%左右。該減幅主要由於以下各項因素:
(i)集團環境衞生服務項目的毛利率由2021年財政年度的約26%減少至2022年財政年度的約22%,主要由於直接經營成本(如汽油、柴油的購買價格及勞工成本)增加所致;以及於2022年財政年度,中國地方政府並無授予增值税減免,2021年財政年度的減免則為約3,900萬港元;及
(ii)由於受2022年財政年度經濟下行及市場需求萎縮的影響,集團無害化處置項目的上游企業只能維持有限營運。上游企業經營規模萎縮導致集團的危險廢物總處理量減少。同時,於2022年財政年度,經營成本增加,主要由於直接原料及消耗品(如氫氧化鈉、廢舊甲醇及混醇)的採購價大幅上升。因此,集團的危險廢物處理服務的毛利率由2021年財政年度的約32%減少至2022年財政年度的約18%。
儘管受上述不利因素影響,集團的財務狀況及現金流量仍然穩健,生產經營正常順利。環境衞生服務市場需求依然強勁。於2022年財政年度,集團通過招標程序贏得30多個新環境衞生服務項目。於2023年,截至公吿發布日期,公司已中標遼寧省鐵嶺市銀州區市容環境衞生服務中心環衞市場化項目及廣東省深圳市馬巒街道辦事處城市管家綜合模式項目。隨着中國經濟迅速復甦,集團無害化處置項目的實際處理量將逐步增加,環境衞生服務市場也會快速擴展。董事會確信於2023年起集團經營水平將進一步快速提升和發展。
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