证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 编号：2017-9-5 | --- | --- | --- | |--------------|----------------------------|-------------------------------------------------| | | | | | 投资者关系活 | √ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称 | | 中金公司：雒文； 长江证券：徐科； | | 及人员姓名 | | 建信基金：王帆、王东杰； 工银瑞信：孙楠、钟睿； | | | 广发证券：蒋昕昊； | 申万宏源：董宜安、吕磊； | | | | 东北证券：刘杰、凌晨； 中盟财富：郭永峰； | | | | 中信建投：朱瀚清、李开； 和益资本：张永俊； | | | | 渤海证券：刘蕾； 天风证券：孙春旭； | | | | 中融基金：刘野； 平安证券：邱正、庞文亮； | ...

Group 1: Industry Outlook - The power industry still has potential despite strict regulations on emissions, with large units performing better than small units. By 2020, large units are expected to complete upgrades, leaving room for growth in the coming years [2] - In 2015, small units contributed approximately 5-10% to the company's engineering performance, which increased to 15-20% in 2016. Future unconventional pollutants in the thermal power sector may also be included in emission standards [2][3] Group 2: Market Potential - Coal consumption accounts for 60% of primary energy, with about 45% used in thermal power plants. If industry space correlates with coal consumption, the non-electric sector's market potential exceeds that of the electric sector [3] - Non-electric sectors include various industrial processes that release significant air pollutants, presenting substantial future opportunities for air pollution control [3] Group 3: Technological Advantages - The company has a leading position in flue gas treatment technology for the thermal power sector, with proprietary SPC-3D technology offering high cost-effectiveness [3][4] - The company is expanding into non-electric sectors such as steel, petrochemicals, and non-ferrous metals, adapting existing technologies to meet specific pollution control requirements [4][5] Group 4: Strategic Expansion - The company has made strategic acquisitions, such as acquiring 80% of Beijing Bohuitong, to enhance its capabilities in the petrochemical sector [4] - The company plans to explore various models for entering more niche markets, including mergers, joint ventures, and asset purchases [5] Group 5: Future Growth and Adaptation - The company anticipates rapid growth in non-electric flue gas treatment, leveraging its rich technological reserves [5][6] - The company is actively developing technologies to address a wide range of pollutants across various industrial sectors, ensuring adaptability to future environmental demands [6]

证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|-----------------------------------|-------------------------------------------| | | | 编号： 2018-01-31 | | 投资者关系活 | □ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | √其他 电话 会议 | | | 参与单位名称 | 招商证券：张晨 中银基金：李文广 | | | 及人员姓名 | 申万宏源证券：高蕾 国金证券：邓晖 | | | | | 第一创业证券：刘洲源 南山人寿保险：谢尚蓉 | | | | 方正证券：郭丽丽、晋小雪 西南证券：硄龙彪 | | | 兴业银行：李强 | 长江证券：徐科 | | | | 华商基金：孙长磊 华泰证券：王玮嘉 | | | 光大证券、国泰君安证券等 | 116 家机构 | 1 | --- | ...

证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 编号：2018-03-09 | --- | --- | --- | |--------------|----------------------------|-----------------------------------------| | | | | | 投资者关系活 | √ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | □其他 | | | 参与单位名称 | | 招商证券：张晨、陈东飞 华创证券：庞天一 | | 及人员姓名 | 东兴证券：洪一 | 东吴证券：刘博 | | | | 泰康资产：唐奕波 华商基金：孙常蕾 | | | 中信保诚基金：孙鹏 | | | 时间 | 2018 年 03 月 09 | | | 地点 | 北京市海淀区西八里庄路 | 69 号人民政协报大厦 11 层会议室 | | 上市公司接待 | 董事会秘书：李其林 | | | 人员姓名 | | | 1 | --- | - ...

证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 编号：2017-11-17 | --- | --- | --- | |--------------|----------------------------|---------------------------------------------| | | | | | 投资者关系活 | √ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | □其他 | | | 参与单位名称 | 广发证券：蒋昕昊； | 东吴证券：刘博； | | 及人员姓名 | | 中信建投：戴雨横； 新华资产：毛祖宏； | | | | 华融证券：李亚东； 安信证券：周喆、马丁； | | | 信诚基金：孙鹏； | 国融证券：孟剑； | | | | 国金证券：苏宝亮、邓晖； 安心财险：白昊龙； | | | 中海基金：王泉涌； | 万思资本：陈剑博； | | | | 国寿安保基金：余罡； 开源证券：李文静； | 1 | --- | -- ...

证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 编号：2019-05-06 | --- | --- | --- | |-------------------|--------------------------|---------------------------------------------| | | | | | 投 资 者 关 系 活 | √ 特定对象调研 | □分析师会议 | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参 与 单 位 名 称 | | 安信证券：邵琳琳 中加基金：韩琛原 | | 及人员姓名 | 华夏人寿：谢达成 | 中信建投：冯佳 | | | | 渤海证券：刘蕾 中金公司：蒋昕昊 | | | | 海富通基金：李海丽 天风证券：陈慧鸽、张彦玲 | | | | 民生加银：赵景亮、李宁宁、邵丽琼、张诗然 | | | | 联合资信：张超、王文燕、柳丝丝、王聪 | | 时间 | 2019 年 05 月 06 | | 1 | --- | ...

Group 1: Market Position and Business Focus - The company holds a service scale of over 26 million kilowatts in the thermal power industry, accounting for approximately 3% of the total market share, ranking second in the industry [3] - In 2018, the company aims to enhance its operational business, which is expected to maintain stability and contribute to future performance [3] - The company is actively expanding its business in non-electric sectors, including steel, coking, non-ferrous metals, and petrochemicals, with ongoing project implementations and market orders [2] Group 2: Financial Management and Accounts Receivable - The high accounts receivable ratio is attributed to the rapid growth of ultra-low emission projects and delayed payments from some clients, which is considered a normal industry phenomenon [3] - The company is intensifying management of accounts receivable, implementing measures to improve collection rates and control the proportion of receivables within reasonable limits [3] Group 3: Investment and Strategic Partnerships - The company plans to establish a joint venture in Guizhou with a total investment of RMB 100 million, where it will hold a 51% stake [4] - The joint venture aims to enhance the company's competitiveness and expand its environmental business in the southwest region [4] Group 4: International Expansion and Future Outlook - The company has successfully secured projects in South Korea and is actively participating in bidding processes in Turkey and India, with plans to establish subsidiaries as needed [5][6] - Future strategies include focusing on industrial flue gas governance, expanding into non-electric sectors, and pursuing mergers and acquisitions to foster growth [7]

Business Performance and Profitability - The company's BOT segment maintained stable gross margins in 2017 due to normal operations of existing desulfurization and denitrification projects and the addition of new projects, contributing significantly to the company's performance [1][2] - The EPC segment experienced a decline in gross margins in 2017 due to increased competition and price wars in the ultra-low emissions market, which entered its third year [2] - The company plans to actively monitor industry trends and market competition to manage external risks and explore new competitive opportunities to ensure profitability and sustainable development [2] Market Position and Operations - The company has a service scale of over 26 million kilowatts in the thermal power industry, accounting for approximately 3% of the market share, ranking second in the industry [2] - In 2017, the company's operational performance improved due to increased power generation hours and enhanced operational efficiency through refined management [2] - The company is transitioning from traditional bidding models to diversified cooperation models, such as partnerships with Aluminum Energy Qingxin and Guizhou Qingxin, to leverage resources and enhance competitiveness [2] Non-Power Sector Development - In 2017, stricter policies and standards were introduced for non-power sector air pollution control, marking the beginning of new construction and upgrades in this sector [2] - In the steel industry, desulfurization and denitrification facilities had an installation rate of over 90% by the end of 2016, but operational issues such as high equipment failure rates and low operation rates persisted [2][3] - The company is advancing in the non-power sector with projects in multiple sub-industries, utilizing wet, dry, and semi-dry technologies tailored to regional policy environments and customer needs [3] Financial Management - High accounts receivable are attributed to the rapid growth of ultra-low emissions projects and delayed payments from some clients, a common industry phenomenon [3] - The company is intensifying efforts to manage receivables, incorporating collection rates into performance evaluations, and strengthening financial controls to reduce receivables and optimize financial leverage [3] - The company is exploring financing channels such as green bonds and ultra-short-term financing to ensure stable cash flow management [3] Debt and Expansion Strategy - The company's debt-to-asset ratio is within the normal industry range and is considered manageable [3] - The company plans to balance debt and equity financing to optimize its capital structure [3] - In 2018, the company will focus on external mergers and acquisitions, targeting projects aligned with its core business, upstream and downstream service chain enterprises, and complementary technology or market-oriented projects [3][4] - The investment department is actively tracking policy changes to identify new opportunities for mergers and acquisitions, ensuring risk control while creating growth opportunities for the company's long-term development [4]

证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 编号：2018-10-17 | --- | --- | --- | |--------------|----------------------------|-------------------------------------------------| | | | | | 投资者关系活 | √ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | □其他 | | | 参与单位名称 | | 招商证券：张晨、宋盈盈、李世静 华商基金：闵文强 | | 及人员姓名 | | 工银瑞信：尹珂嘉 东证资管：董春峰、 | | | | 金峰集团：郁时峰 德威资本：谢理 | | | | 首创证券：董旷 平安大华基金：黄意球 | | | 河北正定农商银行：宋锡尧 | | | | | 天风证券：金欣欣、饶晨、张彦玲、郭倩君、刘璐 | | 时间 | 2018 年 10 月 17 | 日 | 1 | --- | --- | ...

证券代码：002573 证券简称：清新环境 北京清新环境技术股份有限公司 投资者关系活动记录表 编号：2021-03-08 | --- | --- | --- | |--------------|-------------------------------|----------------------------------------------------------------| | | | | | | | | | | 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活 | □ 新闻发布会 | □ 路演活动 | | 动类别 | □ 现场参观 | | | | □ 其他 | | | | 招商证券股份有限公司 | 朱纯阳 | | 参与单位名称 | 安信证券股份有限公司 | 郭 雪 | | 及人员姓名 | 上海雅策投资管理有限公司 | 郭澄宇 | | 时间 | 2021 年 03 月 08 日 | | | 地点 | 北京市海淀区西八里庄路 69 | 号人民政协报大厦 7 层 703 会议室 | | | 总 裁： 李其林 | | | 上市公司接待 | 财务总监： ...