Group 1: Company Overview - The main business of Dongjiang Environmental Protection focuses on the resource utilization and harmless treatment of industrial and municipal waste, with an expansion into the dismantling and recycling of electronic waste [2] - The company has established a comprehensive environmental service platform with a business network covering the Pearl River Delta, Yangtze River Delta, and central and western regions of China [2] - In the past two years, the company has increased its efforts in harmless treatment business, promoting a combination of internal growth and external expansion [2] Group 2: Financial Performance - In 2014, the gross profit margins for various businesses were approximately: - Industrial waste harmless treatment: 58% - Industrial waste resource utilization: 30% - Municipal waste treatment: 16% - Renewable energy and CDM business: 28% - Electronic waste dismantling: 16% - Environmental engineering and services: 25% [3] - The non-public issuance of A-shares in 2015 raised approximately 2.3 billion, primarily for projects in Jiangxi solid waste center, ShaJing treatment base renovation, Huizhou Dongjiang technology upgrade, working capital replenishment, and bank loan repayment [3] Group 3: Market and Industry Insights - The industrial solid waste treatment industry has significant future development potential, with the construction of treatment facilities not meeting demand and favorable policies emerging [4] - The time required for obtaining environmental assessments for industrial waste projects typically ranges from 1 to 3 years due to their special nature [4] - Government regulations on environmental protection have tightened, with criminal liability for illegal disposal of hazardous waste exceeding 3 tons established by judicial interpretations in 2013 [4]

Group 1: Company Strategy and Market Expansion - The company plans to focus on the Guangdong province for future market expansion, particularly in harmless disposal, due to significant market potential and existing project developments in cities like Zhuhai and Zhaoqing [2][3] - In the Yangtze River Delta region, the company aims to acquire more projects through acquisitions, having already established bases in coastal solid waste management and other locations [2][3] - The company has a strategic focus on building a comprehensive waste disposal service chain, promoting harmless disposal, and fostering mutual development within the industry [3] Group 2: Project Details and Financial Outlook - The hazardous waste disposal center project in Jiangxi province has a processing capacity of 81,000 tons per year, with a 25-year exclusive operating license, expected to be completed and operational by 2016-2017 [2][3] - The company holds 46 out of 49 categories of hazardous waste disposal qualifications, allowing it to provide comprehensive waste management services to nearly 10,000 clients in Guangdong province [3] - The company's industrial hazardous waste disposal operations are somewhat influenced by market fluctuations, but its risk resilience is gradually improving, indicating a lower long-term impact from market factors [3]

编号：2015-08 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------|--------------------------|------------------------------------------------------| | | | | | 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 | 汇添富基金 | | | 及人员姓名 | | | | 时间 | 2015 年 9 月 18 | 日 上午 09:30-11:30 | | 地点 | 深圳市南山区东江环保大楼 | 11 楼 | | 上市公司接待 | 公司总裁 陈曙生先生 | | | 人员姓名 | | 公司副总裁及董事会秘书 王恬女士 | | 投资者关系活 | 主 要交流内容如下： | | | 动主要内容介 绍 | 管理层信心 | | | | | 公司管理层对未来发展的信心是坚定 ...

编号：2015-02 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------|------------------------------------------------------------------| | | | | | 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 | | 国投瑞银、东莞证券、方正证券、国海证券、毅木资产、浩方资 | | 及人员姓名 | 管等投资者一行 | | | 时间 | 2015 年 7 月 8 | 日 下午 15:00-16:00 | | 地点 | 东江环保十一楼 | | | 上市公司接待 人员姓名 | | 公司副总裁及董事会秘书 王恬女士 | | 投资者关系活 | 主要交流内容如下： | | | 动主要内容介 | 1 | 、公司的珠海永兴盛项目情况？ ...

编号：2015-09 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|-------------------------|--------------------------------------------------------------| | | | | | 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 | | 嘉实基金、南方基金、华商基金、富国基金、鹏华基金、民生加 | | 及人员姓名 | 机构 | 银基金、中信证券、安信证券、兴业证券、国泰君安等近 50 家 | | 时间 | 2015 年 9 月 24 | 日 下午 13:00-15:30 | | 地点 | | 江门市鹤山市鹤城镇东坑村江门市东江环保技术有限公司 | | 上市公司接待 | 公司总裁 陈曙生先生 | | | 人员姓名 | | 公司副总裁及董事会秘书 王恬女士 | | ...

编号：2015-04 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------|-----------------------------------------------------------| | | | | | 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 | | 中信证券、鹏华基金、易方达、人保资管、长江证券、博时基金 | | 及人员姓名 | 一行 | 通晟资管、中环资产、博时基金、沣杨资产、建设投资等投资者 | | 时间 | 2015 年 7 月 14 | 日 下午 14:00-15:20 | | | | | | 地点 | 东江环保十一楼 | | | 上市公司接待 人员姓名 | | 公司董事长 张维仰先生、副总裁及董事会秘书 王恬女士 | | 投资者关系活 | 主 要交流内 ...

Group 1: Project Overview - The project "Rudong Daheng" was established in 2002, focusing on the treatment of industrial hazardous waste and medical waste, covering an area of 60 acres, making it the largest hazardous waste incineration facility in Nantong City [1][2] - The approved hazardous waste incineration capacity is 13,000 tons/year, with another facility of 6,000 tons/year undergoing technical upgrades, expected to be completed by the end of 2015 [2] - The projected production capacity is 19,000 tons/year by 2016, with an expected utilization rate of 60-70% in 2016, 80-90% in 2017, and full capacity by 2018 [2] Group 2: Market Context - Jiangsu Province ranked second in GDP nationwide in the first three quarters of 2015, with hazardous waste generation ranking third in the country in 2013 [3] - In 2014, Jiangsu had approximately 298 hazardous waste disposal companies, with a total capacity exceeding 7 million tons/year, but over 90% were comprehensive utilization enterprises, indicating a severe shortage of incineration and landfill projects [3][4] - Nantong City ranked fifth in hazardous waste generation in Jiangsu in 2014, with only two incineration facilities capable of handling 5,000-6,000 tons/year and no landfill facilities [4] Group 3: Project Highlights - The project aims to establish a comprehensive hazardous waste treatment network in the Yangtze River Delta, with a total treatment capacity of 200,000 tons/year, including 100,000 tons/year for harmless treatment [4] - The project will handle over 30 categories of hazardous waste, significantly improving the region's waste disposal capabilities [4] Group 4: Future Plans - The overall hazardous waste capacity in Jiangsu is expected to exceed 400,000 tons, with harmless treatment capacity reaching over 200,000 tons, targeting a market share of around 10% [5] - Future expansions will focus on developed regions like the Pearl River Delta, where there is a significant demand gap for harmless treatment [5] - The company plans to enhance market share in existing regions such as Jiangxi, Fujian, Hubei, Shandong, and Hebei based on established strategies [5] Group 5: Financial and Operational Aspects - The company has obtained qualifications for a 200,000 tons/year capacity at the Shajing base, with an expected utilization rate of over 80% by 2016 [5] - The Huizhou project is a pure harmless treatment project with a disposal capacity of 80,000 tons/year, expected to double in scale in the future [6] - The group invests heavily in R&D and technology upgrades, with many subsidiaries qualifying for high-tech enterprise status, benefiting from favorable tax rates [6]

编号：2015-13 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | |------------|------------------------------------------------------------| | | | | 投资者关系 | 特定对象调研 □分析师会议 | | 活动类别 | □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 | 兴业证券、交银施罗德、农银汇理基金、华商基金、银华基金、通 | | 称及人员姓 | 晟资产、麦盛资管、中国信达、远望资产、大田资管、 Capital | | 名 | 、云嵩资本、长江证券、中金公司等 14 位机构投资者 | | 时间 | 11 月 26 日 上午 10:00-11:30 | | 地点 | | | 上市公司接 | 公司副总裁、董事会秘书 王恬女士 | | 待人员姓名 | | | 投资者关系 | 主要交流内容如下： | | 活动主要内 | | | 容介绍 | 未来会进一步深耕长、珠三角等发达地区，长三角是继珠三角 | | ...

编号：2015-14 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | |----------------|------------------------------------------------------------------| | | | | 投 资 者 关 | 特定对象调研 □分析师会议 | | 系 活 动 类 | □媒体采访 □业绩说明会 | | 别 | 新闻发布会 □路演活动 | | | □现场参观 √其他 债券投资人说明会 | | 参 与 单 位 | 中金资管、天和思创、人寿养老、建信基金、江苏银行、国海富兰 | | 名 称 及 人 | 克林、德邦基金、合晟资产、华宝证券资管、中金资管、联讯证券 | | 员姓名 | | | 时间 | 月 3-4 日 | | 地点 | | | 上 市 公 司 | 公司副总裁、董事会秘书 王恬女士 | | 接 待 人 员 | 公司财务总监 田华臣先生 | | 姓名 | | | 投 资 者 关 | 主要交流内容如下： | | 系 活 动 主 | 公司融资及发债情况 | | 要 内 容 介 绍 | ...

编号：2015-01 证券代码：002672 证券简称：东江环保 东江环保股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------|----------------------------------------------------------| | | | | | 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 | | 安信证券、第一上海证券、长江证券、富国基金、瑞银证券、华 | | 及人员姓名 | | 夏基金、朱雀投资、申银万国等 50 余人； | | 时间 | 2015 年 4 月 27 | 日 上午 09:00-10:00 | | 地点 | 无场地（电话会议） | | | 上市公司接待 | | 公司副总裁及董事会秘书 王恬女士； | | 人员姓名 投资者关系活 | | | | | 主要交流内容如下： | | | ...