Infore Enviro Releases 2021 Interim Report: Steady Development of Smart Sanitation
On August 20, Infore Environment Technology Group Stock Co., Ltd. (stock code: 000967) released its 2021 Interim Report. According to the report, for the first half of 2021, Infore Enviro achieved operating revenue of RMB 5,448 million, net income attributable to the equity holders of the Company of RMB 371 million, and net profit after deducting non-recurring gains and loss attributable to the equity holders of the Company of RMB 435 million.
Focusing on principal business and achieving quality development
During the reporting period, Infore Enviro focused on its principal business and spun off the electromagnetic wire business, achieving a revenue of RMB 4,902 million, up 11.43% year-on-year. Smart sanitation business recorded revenue of RMB 4,124 million, up 9.12% year-on-year, and the sanitation service revenue totaled RMB 1,353 million, up 68.64% year-on-year. The Company's operations remained stable. The sales volume of environmental sanitation equipment amounted to 8,159 units, and the market share increased by 6.52% year-on-year. The quality of operations continued to improve. The recovery of sales amount totaled RMB 4,841 million, up 11.47% year-on-year, while the debt-equity ratio was down by 2.15%.
Deepening technological transformation and increasing R&D investment
In adherence to its core value of "Technological innovation is the foundation of our development", Infore Enviro made great efforts to promote technological transformation and increased R&D investment. During the reporting period, investment in technological R&D reached RMB 113 million, up 86.06% year-on-year. 374 invention patents and 931 independent patents were obtained. All these efforts empowered the new model of smart sanitation.
As the key areas of AI innovation, Infore Enviro's smart sanitation robots and other innovative technological achievements showed strong development momentum. During the reporting period, the sales volume of small-size smart equipment reached 389 units, up 130% year-on-year. The notable growth rate also highlighted the great performance of sales. Currently, Infore Enviro's smart sanitation robots have been commercially used in the Orange Isle Scenic Spot in Changsha, Hunan, Futian District in Shenzhen, and Xiangcheng District in Suzhou, to accelerate the upgrading and optimization as well as the transformation and innovation of traditional sanitation industry.
Rapid growth of sanitation service business
Infore Enviro maintained momentum in business expansion from 2020. During the reporting period, the sanitation service revenue totaled RMB 1,353 million, up 68.64% year-on-year, indicating strong capacity in market expansion. According to statistics from Huanjing Sinan, the Company had 34 new sanitation service projects. The annual contract amount reached RMB 576 million, and the total contract amount reached RMB 5,827 million. Infore Enviro carried out sanitation service projects for the first time in 15 prefecture-level cities including Guangzhou, Suzhou, Wuhan, Zhongshan, Sanya, Taizhou (in Jiangsu), and Taizhou (in Zhejiang), expanding its presence in more cities. As of the reporting period, the Company had 105 sanitation service projects in operation, with existing annual contract amount of RMB 3.44 billion and cumulative total contract amount of RMB 43.26 billion.
Service quality improvement through "Intelligent Cloud Platform"
Infore Enviro's self-developed big data cloud smart platform lead the sanitation industry in China. The platform can acquire 117 data items in total, covering equipment data, operation, perception, point cloud map, etc., and including five categories, namely chassis working conditions, power batteries, uploading conditions, chassis alarms, and uploading alarms. The platform has carried out 207 items of digital quality assessment standards. In terms of assessment and inspection images, 55,800 assessments have been conducted, with 3,214,700 images in the database. Among them, 46,100 assessments were conducted during the reporting period, with 1,778,600 inspection images. This means a new model of intelligent and refined sanitation services has been adopted. According to data from the Shenzhen Urban Administration and Law Enforcement Bureau, Infore Enviro obtained an average score of 89.65 points in the environmental sanitation index.
Fulfillment of social responsibility and mission
Infore Enviro attaches great importance to and continues to fulfill its corporate social responsibilities. For instance, when the COVID-19 pandemic resurged in Guangdong, within a short time, the sanitation project group in Shenzhen established an on-site response command center in Fuwei quarantine area to arrange personnel and vehicle scheduling in the operation area. At the same time, Infore Enviro increased efforts to guarantee the disinfection and cleaning in the responsible area to support the government in the battle against the pandemic.
When Henan Province was struck by the flood and faced with severe challenges, Infore Enviro immediately activated contingency plans, mobilizing the drainage equipment and personnel overnight and sending four rescue teams to the front line to fully support Henan's flood relief efforts.
To facilitate Changsha's efforts to achieve carbon peak and carbon neutrality, Infore Enviro donated 12 pieces of new energy sanitation equipment such as road sweepers and cleaning machines to Hunan Provincial Government and Changsha Municipal Government, contributing to building a beautiful, harmonious, habitable, and modernized city.
Infore Enviro granted scholarships to its employees' children who were admitted to colleges and universities for three consecutive years to fulfill its social responsibility of cultivating more talents and to appreciate its employees for their hard work.
Infore Enviro has always insisted on creating value for customers, creating opportunities for employees, creating returns for shareholders, and creating wealth for the society, so as to contribute to the harmonious development of the economy and society and the balanced utilization of nature and resources. As an expert in China's sanitation service industry in the new era, Infore Enviro will implement its corporate mission of "Cleaner World, Better Future" in the future, closely focusing on the "smart sanitation" strategy to create the new ecosystem in the sanitation industry and promote the low-carbon, small-scale development model with smart cloud services, opening a new chapter in the era of smart sanitation!