On January 30, BGT released its performance forecast, expecting the net profit attributable to shareholders in 2023 to reach RMB 114 million to RMB 170 million, a year-on-year increase of 245.97% - 415.92%.

In 2023, facing increasingly fierce industry competition, BGT continuously adjusted its strategic planning, adopted a pragmatic and stable approach to consolidate its strength, and actively expanded market share. Significant achievements were made in areas such as the expansion of operational business, layout in the fields of salt lake lithium extraction and salt lake resource recycling, and the expansion of overseas markets for industrial water treatment.

Operational Business Grows Significantly, Delivering Stable Profits

At the beginning of 2023, BGT actively seized industry development opportunities, optimized its industrial strategic layout, leveraged its technological advantages and service quality, and relied on its brand image accumulated over years to vigorously promote the expansion of the Company's light-asset operational business. This gained the trust and support of both new and old clients. In 2023, the Company's operating revenue increased by more than 40% year-on-year, among which light-asset operations grew by 140%. This contributed stable profits and cash flow to the Company, accelerating its progress towards a stable, healthy, and sustainable development path.

Rapid Development of Salt Lake Lithium Extraction, with a Promising Future

As the strategic layout in salt lake lithium extraction and new energy fields continues to advance, the salt lake lithium extraction projects undertaken by the Company have achieved significant breakthroughs. Currently, installation and commissioning have been completed one after another, and they are about to enter the trial operation stage. After 6 months of efficient operation, the Xizang Salt Lake Comprehensive Utilization R&D Base, built with investment from the Company, began to stably produce lithium carbonate in December 2023. It brought the "Shenzhen speed" to an altitude above 5,000 meters, realizing the first salt lake resource comprehensive utilization project on the plateau. This has made outstanding contributions to protecting Xizang's ecological environment and the development of the salt lake lithium extraction industry, while also laying the core advantages and development foundation for BGT in salt lake lithium extraction and comprehensive utilization of salt lake resources, which will continuously contribute to the Company's performance growth.

BGT Goes Global with Overseas Expansion

BGT has been deeply engaged in industrial water treatment for 20 years, witnessing the rapid development of China's environmental protection industry from being uncontrolled to orderly and then to leading. In the process of development, it has accumulated strong technical strength and practical experience. Since 2022, BGT has successively undertaken projects invested by international oil and chemical giants such as ExxonMobil and BASF in China. With excellent execution capabilities and high-quality service levels, it has been awarded the "Global Premium Supplier" by ExxonMobil, the only one in the industry. This is not only a recognition of BGT but also a recognition of Chinese environmental protection enterprises by the world. In addition, it has cooperated with SUEZ, a world-renowned water company, to undertake the current largest 100,000 tons/day large-scale seawater desalination project of Wanhua Chemical in China. In the future, BGT will continue to strive for excellence, increase investment in forward-looking industry research and development, stand firm at a high level, and continuously expand to overseas markets and the global stage along with the implementation of the national "Belt and Road" strategy.

BGT Strengthens Core Business Edge, Fueling Virtuous Growth Cycle

BGT continues to strengthen technological innovation to maintain its leading edge in the comprehensive utilization of high-salinity wastewater in industrial sectors. On the premise of strictly controlling operational risks, it continues to acquire high-quality projects, while promoting refined management of existing projects as well as continuously reducing costs and increasing efficiency to realize a positive cycle of business.

Chairwoman Quan Qiuhong stated that in 2024, BGT will continue to consolidate its leading position in the fields of industrial water treatment and industrial wastewater resource recycling, vertically expand light-asset operational projects, accelerate the layout in the fields of salt lake lithium extraction and comprehensive development of salt lake resources, and ultimately lead BGT to continuously explore overseas businesses. Facing severe market challenges and intensified industry competition, it will always adhere to innovation-driven development, strengthen internal management, and continuously improve its core competitiveness and comprehensive strength, so as to empower BGT's brilliant future and contribute to shareholders and society.