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中国海诚长沙公司签约新疆新能源(集团)准东环境发展有限公司电解铝废渣资源化利用总承包项目
人民财讯8月9日电,8月8日,中国海诚(002116)长沙公司签约新疆新能源(集团)准东环境发展有限公 司电解铝废渣资源化利用总承包项目,项目总承包范围包括10万吨/年电解铝废渣资源化利用项目全套 完整装置及界区内辅助设施工程设计、设备供货、施工安装调试等。 ...
惠城环保业绩承压 定增扩张能否破局
Core Viewpoint - Huicheng Environmental Protection is facing dual challenges of declining performance and reliance on major clients, prompting the company to seek a breakthrough through a targeted private placement to raise funds for environmental projects and working capital [2][7]. Performance Fluctuations - In the first half of 2025, Huicheng Environmental Protection reported revenue of 564 million yuan, a year-on-year decline of 5.09%, and a net profit attributable to shareholders of 5.02 million yuan, down 85.64% [4]. - The company experienced significant revenue growth in 2023, with revenue soaring to 1.071 billion yuan, a 194.76% increase, and net profit reaching 139 million yuan, up 5499.75%, primarily due to the successful launch of a project by its subsidiary [3]. - However, in 2024, revenue growth slowed to 1.149 billion yuan, a 7.33% increase, while net profit fell to 42.6 million yuan, down 69.24% [3]. Client Dependency - Huicheng Environmental Protection is heavily reliant on China National Petroleum Corporation (CNPC), with sales revenue from CNPC accounting for 69.12%, 61.62%, and 66.14% of its main business income in 2023, 2024, and the first half of 2025, respectively [5]. - The company is the sole supplier for the high-sulfur petroleum coke hydrogen ash utilization project for Guangdong Petrochemical, which raises concerns about the stability of its revenue stream [5][6]. Capital Expansion - Despite the challenges, Huicheng Environmental Protection is proceeding with a private placement to raise funds for projects in the Jieyang Dannan Sea Petrochemical Industrial Zone, including general industrial solid waste treatment and environmental resource utilization [7][8]. - The strategic expansion is seen as a response to favorable market prospects and aims to enhance the company's product diversification, including increasing the production of molecular sieves and catalytic agents [9].
扣非净利暴跌97%3年后将增21倍?惠城环保估值超2500倍仍获国盛证券买入评级
Di Yi Cai Jing· 2025-07-30 15:14
Core Viewpoint - Huicheng Environmental Protection's stock price has experienced a significant increase despite a drastic decline in its financial performance, leading to an extraordinarily high price-to-earnings ratio exceeding 2500 times [1][8]. Financial Performance - In the first half of 2024, Huicheng Environmental Protection reported a revenue of 564 million yuan, a year-on-year decrease of 5.09%, and a net profit of 5.02 million yuan, down 85.63% [2]. - The company's non-recurring net profit was only 762,000 yuan, a staggering decline of 97.53% year-on-year, marking the second-lowest point since its listing [2][4]. - The main business segments include resource utilization products and waste disposal services, with the resource utilization segment experiencing a revenue drop of 25.21% to 170 million yuan [2]. Business Segments - The hazardous waste disposal service revenue increased by 5.81% to 354 million yuan, primarily driven by services provided to Guangdong Petrochemical [2][3]. - The high-sulfur petroleum coke resource utilization project, which began operations in December 2022, generated 374 million yuan in revenue in the first half of 2024, with net profits of 51.28 million yuan [3]. Cost Structure - Despite a slight decline in revenue, the company's net profit saw a dramatic drop due to significantly increased expenses, including sales, management, and financial costs, which rose by 11.12%, 27.73%, and 17.94% respectively [4][5]. - The increase in costs is attributed to the establishment of multiple subsidiaries and the expansion of business operations across the country [5]. Market Performance - Since its listing, Huicheng Environmental Protection's stock has shown extreme volatility, with a peak increase of nearly 24 times since late 2022, despite inconsistent profit levels [6][7]. - The stock's performance has been driven by its small market capitalization, allowing for significant price movements with relatively small capital inflows [7]. Analyst Ratings - Despite the high valuation and declining performance, Guosheng Securities has maintained a "buy" rating on the stock, projecting revenues of 4.2 billion yuan by 2027, which would represent a 3.65-fold increase from 2024 [1][8]. - The company is currently investing in several projects, including waste plastic resource utilization, which are still under development and may impact future performance [8][9].
【省媒看金昌】投资金昌正当时——455.5亿签约背后的“金昌密码”
Sou Hu Cai Jing· 2025-07-08 13:24
Group 1 - The signing ceremony at the 31st Lanzhou Investment and Trade Fair resulted in 85 projects with a total investment of 455.5 billion yuan, marking a significant milestone for Jinchang [2] - Jinchang's industrial output is projected to grow from 486 billion yuan in 2020 to 1,986 billion yuan by 2024, indicating a fourfold increase in four years [2] - The signed projects focus on sectors such as non-ferrous metal new materials, new energy batteries, digital economy, and resource utilization, which align with Jinchang's "2+4" modern industrial system [2] Group 2 - Jinchang is implementing a series of initiatives to enhance its business environment, including the establishment of "Entrepreneur's Day" and the introduction of a service card for local entrepreneurs [3] - The city has introduced over 10 billion yuan in industrial guidance funds to support business growth, shifting the competitive logic from "policy competition" to "service competition" [3] - Jinchang is focused on ensuring that projects not only get signed but also successfully launch and grow, with a nearly 80% funding implementation rate for recent projects [4] Group 3 - The local government is committed to a comprehensive management network that covers the entire project lifecycle, ensuring effective support from signing to production [4] - Jinchang's proactive approach includes addressing issues raised by businesses and converting them into actionable solutions, enhancing the overall service experience [4] - The city is positioning itself as a prime location for investment, emphasizing its strong industrial foundation and commitment to creating a favorable business environment [4]
华达通更换券商转战北交所IPO,徐鸣与陈焕忠两大家族控股82%
Sou Hu Cai Jing· 2025-06-19 02:22
Core Viewpoint - Huada Gas Manufacturing Co., Ltd. (Huada Gas) has received acceptance for its IPO application on the Beijing Stock Exchange, with a focus on the circular economy of petrochemical tail gas and resource utilization [2] Group 1: Company Overview - Huada Gas is recognized as a national-level specialized and innovative "little giant" enterprise and a high-tech enterprise, primarily engaged in the R&D, production, and sales of liquid carbon dioxide, dry ice, ammonia water, and high-purity hydrogen, as well as the sale of liquid ammonia [2] - The company previously applied for an IPO on the ChiNext board in 2021 but terminated the application in February 2022 [2] Group 2: Financial Performance - The total assets of Huada Gas are projected to reach approximately 561.36 million yuan by December 31, 2024, up from 460.44 million yuan in 2023 and 354.37 million yuan in 2022 [3] - Shareholder equity is expected to increase to about 366.05 million yuan in 2024, compared to 298.63 million yuan in 2023 and 235.82 million yuan in 2022 [3] - The company’s revenue is forecasted to grow from 277.46 million yuan in 2022 to 341.86 million yuan in 2023, and further to 366.00 million yuan in 2024, indicating a positive growth trend [3] - Net profit is anticipated to rise from 61.68 million yuan in 2022 to 67.41 million yuan in 2024, reflecting a consistent increase in profitability [3] Group 3: Shareholding Structure - The controlling shareholders of Huada Gas are Chen Huanzhong, Xu Ming, Xu Yixiong, Chen Peiyuan, and Chen Peizi, collectively holding 82.10% of the shares [4] - Xu Ming holds 24.04% of the shares, while Chen Huanzhong holds 24.37%, indicating significant family ownership and control [4][5] - The major shareholders have signed a "unanimous action agreement," confirming their joint control over the company [5]
国网金昌供电公司:能效“优”无止境 供电服务提质
Group 1 - The article discusses the cost-saving measures implemented by Jinchang High Energy Environmental Technology Co., Ltd. by adjusting their electricity billing method from capacity-based to actual maximum demand-based, resulting in savings of over 20,000 yuan per month [1] - The company is located in the Jinchang Economic and Technological Development Zone and focuses on the comprehensive utilization of hazardous waste, specifically low-nickel high-sulfur anode mud and copper-nickel-containing solid waste, using advanced extraction and smelting processes to recover valuable metals [1] - The company initially planned to increase production capacity by upgrading their transformer from 19,750 kVA to 21,000 kVA but found that their electricity costs increased despite not implementing the production increase, indicating a mismatch between transformer capacity and actual production needs [1] Group 2 - Since 2025, Jinchang Company has been conducting special electricity inspections and visits in the industrial park to understand customer electricity needs and ensure safe electricity usage, providing tailored energy-saving solutions and optimizing basic electricity billing methods [2] - The power supply personnel utilize three-phase energy meters and professional equipment to analyze power quality and guide companies in conducting comprehensive safety checks on their electrical facilities, identifying and rectifying potential safety hazards [2] - Jinchang Company has visited 175 enterprises in the industrial park and identified six safety hazards, promoting solar power generation and the "Online State Grid" APP to enhance energy efficiency and support local economic development [2]
工业创新暨煤矸石高值利用项目发展大会举行
Ren Min Wang· 2025-05-18 09:01
Core Insights - The "Industrial Innovation and High-Value Utilization of Coal Gangue Project Development Conference" was held in Gaoping City, focusing on the resource utilization of coal gangue and sharing technological innovations and experiences [1][2] - The project aims to transform coal gangue, a significant industrial waste, into valuable resources, aligning with China's "Two Mountains Theory" and "Dual Carbon Strategy" [1] Group 1: Project Overview - The Gaoping City coal gangue high-value utilization project is invested by Shanxi Hengtong Investment Development Group Co., Ltd. with an investment of 800 million yuan [2] - The project employs a three-tier treatment process: "desulfurization—decarbonization—graded quality" and has obtained 12 invention patents and 23 utility model patents [2] - A pilot production line for dry-mixed mortar made from coal gangue has been established, with multiple mortar products passing national testing and recognized as "recommended products for energy-saving building materials" [2] Group 2: Economic Impact - Upon full production, the project is expected to consume 2 million tons of coal gangue and other solid waste annually, generating an estimated annual output value of 2 billion yuan [2] - The innovative technological model of the Gaoping project is seen as a new pathway for high-quality and large-scale development of coal gangue utilization, providing a good demonstration for the industry [2] Group 3: Future Prospects - Participants at the conference expressed intentions to deepen innovation cooperation and strengthen shared learning to create a circular economy for coal gangue, contributing to green transformation and development [2]
增值税即征即退政策的四种类型
蓝色柳林财税室· 2025-05-02 01:00
Group 1 - The core viewpoint of the article emphasizes the implementation of a VAT refund policy for specific sectors, allowing for immediate refunds on VAT exceeding certain thresholds [2][5][9]. - Software products developed and sold by general VAT taxpayers can benefit from a VAT refund policy for the portion exceeding a 3% tax burden [2][4]. - Financing lease services and sale-leaseback services for tangible assets provided by approved general VAT taxpayers are also eligible for the same VAT refund policy [5][7]. Group 2 - Pipeline transportation services provided by general VAT taxpayers can receive VAT refunds for the portion exceeding a 3% tax burden [8][9]. - Aircraft maintenance services are subject to a VAT refund policy for the portion exceeding a 6% tax burden [9][11]. - New wall materials sold by taxpayers can enjoy a 50% VAT refund policy if they are included in the specified directory [15][17]. Group 3 - Wind power products sold by taxpayers are eligible for a 50% VAT refund policy [16][17]. - General VAT taxpayers selling products related to resource comprehensive utilization can benefit from a VAT refund policy, with refund rates ranging from 30% to 100% depending on the product type [17][19]. - Employment of disabled individuals by businesses can lead to a VAT refund based on the number of disabled individuals employed, with specific limits set by local government standards [19][23].
卓越新能:收到2433.46万元资源综合利用产品增值税退税款
news flash· 2025-04-25 08:45
Core Viewpoint - The company,卓越新能, has received a value-added tax refund of 24.3346 million yuan, which represents 16.33% of its audited net profit for the fiscal year 2024, under a policy that allows for a 70% refund on sales of self-produced resource utilization products [1] Summary by Categories - **Tax Refund Details** - The company received a VAT refund amounting to 24.3346 million yuan for the period ending in July 2024 [1] - The refund corresponds to a 70% tax refund policy applicable to the sales of self-produced resource utilization products [1] - **Financial Impact** - The received refund constitutes 16.33% of the company's audited net profit for the fiscal year 2024 [1]
IPO过会!曾担保暴雷代偿1.5亿,曾被抽贷!与海航供应链合作坏账近4千万!实控人为第三方担保,代偿2700万!
梧桐树下V· 2025-04-12 10:19
文/梧桐兄弟 近期,岷山环能高科股份公司("岷山环能")北交所IPO过会。岷山环能IPO申报于2023年12月获得北交所受理,2024年1月收到首轮问询,在会期间完成两轮问询 回复,并于2025年4月11日过会。 据披露,2014-2017年期间, 岷山环能承担约1.5亿元左右的担保代偿资金损失 ,一度被抽贷;后续与海航供应链合作 "没有真实背景"票据融资 ,又发生近4000万 元坏账损失。 此外,公司实际控制人曾面临总计 2,285.50万元的担保本金及对应利息的担保代偿风险 ,后续通过借款方式予以"代偿"。 10年左右期间,公司在融资事项承担约1.9亿元损失(相当于近3年净利润),公司"内控"一言难尽。实控人又承担逾2700万元代偿损失,实控人风险意识很难评 价,且以借款方式筹集资金代偿,部分借款年利率10%,个人财务状况也难算宽裕。 公司是一家集原生资源清洁生产、再生资源回收利用、高新材料制造为一体的资源生产和资源综合利用企业。报告期内主要财务数据如下: | 项目 | 2024年12月31日 | 2023年12月31日 | 2022年12月31日 | | --- | --- | --- | --- | ...