The 2020 semi-annual board of directors’ operating review of CTI Testing (300012) is as follows: 1. Overview At the beginning of 2020, the COVID-19 epidemic spread globally, and the domestic and foreign economic situation faced severe challenges. On the one hand, it brought difficulties and uncertainties to the company.
Companies need to carefully analyze the trends and rhythm changes brought about by the epidemic, and adjust business strategies in a timely manner; on the other hand, the epidemic is also spurring changes and new demands in all walks of life, bringing new opportunities to the company.
During the reporting period, the company continued to maintain strategic focus, adapted to the negative and positive aspects of strategic development, strengthened risk control, deepened refined management, and steadily improved the company's overall operating efficiency and profitability.
In the first half of 2020, the total operating income was 1,338.8054 million yuan, an increase of 0.6% over the same period last year; the operating profit was 202.7692 million yuan, an increase of 19.56% over the same period last year; the net profit attributable to shareholders of listed companies was 192.2706 million yuan, an increase of 19.2706 million yuan over the previous year.
An increase of 20.19% over the same period.
During the reporting period, the main operating conditions are reviewed as follows: 1. Adjust strategies to actively respond to the epidemic and continue to improve the company's operating efficiency. 2. Successfully complete strategic mergers and acquisitions and steadily advance the internationalization process. The company focuses on improving operating efficiency and laying a solid foundation for endogenous growth. At the same time, it also
Adhere to strategic investments and mergers and acquisitions, promote the internationalization process, and strive to develop into a competitive international testing institution.
During the reporting period, the company signed a strategic cooperation memorandum with Tianjin Eco-City Investment and Development Co., Ltd., Tianjin Nankai University Education Foundation, and Nankai University School of Environmental Science and Engineering at the Tianjin Eco-City Service Center. The company increased capital and became Tianjin Eco-City Environmental Technology Co., Ltd.
The company is the largest shareholder holding 51% of the shares. This cooperation at the level of mixed ownership reform of state-owned enterprises can complement each other's resources and give full play to the advantages of both parties, which is of strategic significance.
During the reporting period, the company acquired 100% equity of Maritec Pte Ltd for 54.86 million Singapore dollars in cash. As an important part of the company's transportation strategy, this acquisition can produce strong synergy with the company's existing ship services, and can promote the ship product line and
Maritec's operating income, net profit, and cash flow have grown synergistically. The successful completion of this merger announced that the company has officially taken a solid step toward internationalization.
3. Strengthen service capabilities and achieve significant customer expansion results. During the reporting period, the company undertook the proficiency verification work of the State Administration for Market Regulation of national inspection and testing institutions in 2020; undertook the proficiency verification work of pharmaceutical manufacturers in Yunnan Province; the subsidiary Beijing CTI became an electronic tendering and bidding
System trading platform testing agency; subsidiary CCT Certification successfully won the bid and was shortlisted for the 2020 energy-saving diagnostic service agency selection list. This winning bid is the recognition and trust of the bid evaluation committee for CCT Certification’s rich experience in the field of energy-saving services.
During the reporting period, we won multiple bids for government bidding projects, including the 2020 quantitative inspection and sampling project for edible agricultural products, with a winning amount of RMB 16 million; and the successful bid for the operation of the Henan Provincial Environmental Monitoring Center-Provincial Environmental Air Monitoring Direct Management Station from 2020 to 2022.
Maintenance project (Package E), with a winning bid amount of 12.4812 million yuan; successfully won the bid for the Nanyang Municipal Ecological Environment Bureau's Nanyang City Key Industry Enterprise Land Sampling Analysis and Quality Control Service Project (First Bid Section), with a winning bid amount of 10.044 million yuan.
In terms of corporate customers, the company has successfully signed service contracts with outstanding companies such as Tianhong, Yongwang, Sinopec, Tsingtao Brewery (600600), Haidilao, and Daily Youxian.
4. Implement talent development and incentives to enhance the company’s sustainable competitiveness. During the reporting period, the company continued to improve the competitiveness of its core team through various channels such as internal training and external introduction.
In terms of internal training, in order to increase the training of all employees, the group launched the E-Learning online learning platform to expand training coverage and allow more employees to improve their professional capabilities more conveniently; the company has customized "
"Sunshine Plan" project, "Sunshine Plan" is an important part of the company's strategic talent development project. Through various learning methods such as face-to-face teaching, E-Learning, live broadcast, tutoring, etc., 9 department general consultants are arranged for fresh graduates
, 103 tutors, 12 internal lecturers, 22 counselors, and 4 class teachers to comprehensively protect the learning and growth of fresh graduates; the company launched the second phase of the "Guanghua LAP Leadership Improvement Training Project" to improve the system
Comprehensive management capabilities such as "strategic execution capabilities, problem analysis and problem solving capabilities, subordinate training capabilities, and self-leadership capabilities" of middle and senior managers.
In terms of external talent introduction, the company has hired four experts from the expert group of Southwest Jiaotong University Urban Rail Transit Research Institute. In the later stage, the company will establish a close cooperative relationship with the expert group of Southwest Jiaotong University Urban Rail Transit Research Institute. The two parties will strengthen learning and exchanges.
Strive to bring more professional and technical breakthroughs to the company.