证券代码：300779 证券简称：惠城环保 青岛惠城环保科技集团股份有限公司 投资者关系活动记录表 编号：2026-003 | 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（电话会议） | | | 中信资管、信达资本、南方天辰投资、江西金投、江苏瑞华、浙 | | | 江谦履、财通证券、湖南轻盐、东海基金、合众人寿、广州原点 | | 参与单位 名称及人 | 投资、优可基金、壹泽投资、武汉市人社局、深圳瑞丰银投资、 | | 员姓名 | 深圳纽富斯投资、上海毅远、诺溪投资、嫩江尼尔基水电、龙马 | | | 资本、吉富创投、积发基金、淮海天玺投资、虎柒投资、海南正 | | | 智元、东方国际上海投资、远见基金、北京泰德圣、中德证券 | | 时间 | 2026 年 1 月 29 日 14:30-15:30 | | 地点 | 电话会议 | | 上市公司 | 董 事 长：史惠芳女士 | | 接待人员 | | | 姓名 | 董事会秘书：茹凡先生 | | | 一、公司发展历程及主要 ...

Core Viewpoint - Huicheng Environmental Protection (惠城环保) is expected to significantly increase its profitability in 2025, with projected net profit ranging from 55 million to 70 million yuan, representing a year-on-year growth of 29.11% to 64.32% [1] Group 1: Financial Performance - The company anticipates a non-net profit of 42 million to 57 million yuan, indicating a year-on-year increase of 40.35% to 90.47% [1] - The expected growth in 2025 is attributed to the synergistic advancement of various business segments, including market expansion, technological innovation, and the implementation of new projects for chemical recycling of waste plastics [1] Group 2: Business Operations - The catalyst segment has strengthened its market presence, enhancing both domestic market share and overseas business, leading to increased sales and revenue [1] - The high-sulfur petroleum coke hydrogen ash comprehensive utilization project is operating efficiently, contributing stable economic benefits [1] - The 20,000 tons/year mixed waste plastic resource utilization demonstration project has successfully completed trial production, achieving initial benefits [1] Group 3: Technological Innovation - Huicheng Environmental Protection is one of the few companies in China that offers customized catalyst products and waste catalyst treatment services, recognized by industry leaders such as Sinopec and PetroChina [2] - The company is the sole technology solution provider for the treatment of petroleum coke hydrogen ash in Guangdong, producing valuable by-products such as steam, crude vanadium, and crude nickel hydroxide [2] - The CPDCC (Catalytic Pyrolysis of Mixed Waste Plastics) technology is a globally pioneering innovation, with a demonstration project in Guangdong achieving over 92% yield of oil and gas products from waste plastics [3] Group 4: Market Position and Future Plans - The company has received ISCC PLUS certification, which will provide a green premium advantage for its products [3] - There are ongoing discussions with local governments for regional waste plastic recycling projects, and interest from foreign enterprises for collaboration [3] - The company plans to adjust raw material feeding methods to gradually achieve design capacity by the end of January [3] - Huicheng Environmental Protection is aligning its innovative recycling technology with national carbon neutrality goals and green development plans, aiming to lead the industry towards high-value, large-scale, and green development [4]

Core Viewpoint - Huicheng Environmental Protection confirmed that there have been no adjustments to the product planning of its 200,000 tons/year mixed waste plastic resource utilization project, focusing on the production of liquefied plastic cracking gas and plastic cracking light oil [2] Group 1: Product Details - The main components of liquefied plastic cracking gas are low-carbon olefins such as propylene, while the primary components of plastic cracking light oil are mixed aromatics [2] - The product yield exceeds 92%, although specific yield is influenced by the types and compositions of waste plastic raw materials [2] Group 2: Operational Status - The project is currently in a stable production state, with the company continuously optimizing production based on process characteristics to ensure efficient and stable operation [2] - The company aims to enhance resource utilization efficiency and economic benefits, adjusting operational strategies based on raw material characteristics and market demand rather than merely pursuing full production capacity [2]

Core Viewpoint - 惠城环保 has successfully completed the technical upgrade of its 200,000 tons/year mixed waste plastic resource utilization demonstration project, showcasing the effectiveness of its proprietary "one-step" process technology in converting low-value waste plastics into high-value products [1][2][3] Group 1: Project Progress and Technology - The 200,000 tons/year mixed waste plastic resource utilization project has passed performance assessment with over 92% total yield of oil and gas products relative to effective hydrocarbons in waste plastics [1] - The CPDCC technology developed by 惠城环保 demonstrates a significant advantage in the global waste plastic recycling sector, capable of converting mixed waste plastics into various high-value hydrocarbons [2][5] - The company has achieved ISCC PLUS certification, which supports the green premium pricing of its products, with pricing agreements already established with clients [3] Group 2: Market Expansion and Environmental Impact - The Chinese government has prioritized solid waste management, creating opportunities for 惠城环保 to expand its domestic and international business, including collaborations with local governments on waste plastic recycling projects [4] - A strategic cooperation agreement was signed with the Yueyang Municipal Government to establish an integrated waste plastic recycling project, expected to reduce CO2 emissions by approximately 9 million tons annually [4] - International interest in 惠城环保's CPDCC technology has been shown by companies like SIBUR and SABIC, indicating potential for global market share growth [5] Group 3: Financial Performance - 惠城环保 reported a 167.24% year-on-year increase in net profit, reaching 22.52 million yuan, and a 408.56% increase in net profit after deducting non-recurring items, totaling 18.40 million yuan [2]

Group 1 - The core viewpoint of the article is that Huicheng Environmental Protection (300779) confirmed that there have been no adjustments to its product planning for the 20,000 tons/year mixed waste plastic resource utilization project, with the main products remaining liquefied plastic cracking gas and plastic cracking light oil [1] Group 2 - The company engaged with investors on an interactive platform to address inquiries regarding its project [1] - The internal verification conducted by the company reaffirmed the stability of its product offerings [1]

Core Viewpoint - The company, Huicheng Environmental Protection (300779.SZ), has addressed recent rumors regarding issues with its products and equipment, stating that these claims lack factual basis and have negatively impacted its reputation and market order [1] Group 1: Product and Project Status - The company's 200,000 tons/year mixed waste plastic resource utilization project remains unchanged, with the main products being liquefied plastic cracking gas and plastic cracking light oil [1] - The primary component of liquefied plastic cracking gas is propylene and other low-carbon olefins, while the main component of plastic cracking light oil is mixed aromatics [1] Group 2: Technical Upgrades and Operations - To ensure the calibration and subsequent efficient operation of the facility, the project will enter a shutdown technical upgrade phase on November 20, 2025, with progress aligning with the expected timeline [1] - The hydrogenation unit being constructed is aimed at enhancing the quality of the products produced by the cracking unit, and it is currently progressing according to the established schedule [1] Group 3: Investor Communication - The company urges investors and the public not to believe or spread rumors, emphasizing the importance of maintaining a healthy market environment [1]

Core Viewpoint - The Chinese government has emphasized the importance of "Beautiful China" and green low-carbon development in its 14th Five-Year Plan, which is expected to drive the growth of the circular economy industry, highlighting the role of leading companies like Huicheng Environmental Protection in this transition [1] Group 1: Company Overview - Huicheng Environmental Protection has been a pioneer in waste treatment and resource recycling since its establishment in 2006, achieving significant technological advancements and industrial integration after its listing on the ChiNext board in 2019 [2] - The company has developed original technologies in large-scale solid waste harmless treatment and resource reuse, including the FCC waste catalyst resource utilization technology, which separates elements from non-recyclable waste catalysts to recover valuable materials [2] Group 2: Technological Innovations - The company has introduced a groundbreaking mixed waste plastic deep catalytic cracking technology (CPDCC), which allows for the direct conversion of mixed waste plastics into high-value products without the need for complex sorting [3] - This technology boasts a product yield of over 92% and significantly reduces carbon emissions compared to traditional waste incineration methods, with potential annual savings of 100-150 million tons of crude oil and a reduction of 250 million tons of CO₂ emissions based on processing 50 million tons of waste plastic [3] Group 3: Project Developments - The East Guangdong Chemical's 20,000 tons/year mixed waste plastic resource utilization demonstration project is set to begin trial production in July 2025, marking a significant milestone in the industrialization of the CPDCC technology [4] - The project is expected to generate an annual output value of 1.243 billion yuan and contribute 238 million yuan in taxes, showcasing the economic viability of the technology [4] Group 4: Future Plans and Collaborations - The company plans to expand its operations based on local waste collection volumes, with future projects potentially producing a wider range of chemical raw materials beyond just liquefied plastic cracking gas and light oil [5] - Strategic partnerships have been established with organizations like China Resource Recycling Company to enhance resource acquisition and chemical recycling efforts, aiming to create a replicable model for high-value waste plastic utilization [5][6] - The company is also collaborating with investment institutions to accelerate the deployment of chemical recycling projects across various provinces and internationally, targeting a total of 3 million tons of waste plastic processing by 2026 [6]

Core Viewpoint - The article highlights the significant advancements made by Qingdao Huicheng Environmental Technology Group in the recycling of low-value mixed plastic waste, showcasing their innovative CPDCC technology that enables the conversion of waste plastics into high-value chemical raw materials, thus contributing to a circular economy and reducing plastic pollution [2][6][9]. Summary by Sections Project Progress - Huicheng Environmental announced key progress in its 200,000 tons/year mixed plastic waste resource utilization project, achieving a closed-loop cycle from waste plastic to plastic raw materials, with products meeting quality standards [2][6]. Technology and Innovation - The CPDCC technology addresses six critical bottlenecks in the resource utilization of mixed waste plastics, including efficient sorting, core reactor design, and energy efficiency, significantly enhancing economic viability and reducing carbon emissions [6][7]. - The technology can produce chemical raw materials equivalent to three times the amount obtained from one kilogram of crude oil, while avoiding landfill or incineration [7]. Expansion and Collaboration - Huicheng Environmental has signed cooperation agreements with Zhongzi Environmental and is steadily advancing expansion projects in multiple locations, including Jieyang, Yueyang, and Heze [7]. - The company aims to establish a green recycling system and has completed the ISCC PLUS certification for its project, promoting the construction of waste sorting centers and agricultural film recovery projects [7][8]. Industry Impact - The successful integration of technology and industry collaboration demonstrates that waste plastics can be incorporated into the circular economy, transforming them into valuable resources [8][9]. - The company is committed to providing high-quality recycled materials and innovative solutions for the petrochemical industry and solid waste resource utilization [8][9]. Upcoming Conference - Zhang Xinkong, the founder and CTO of Huicheng Environmental, will present at the 2025 (3rd) Polymer Recycling Conference in Ningbo, sharing insights on the company's advancements and contributions to the industry [2][8].

Core Viewpoint - The company is actively engaging in the recycling of waste plastics, producing chemical raw materials that can be utilized in creating green packaging materials, supported by ISCC PLUS certification for traceability in the plastic lifecycle [1] Group 1: Project Details - The company has a 200,000 tons per year mixed waste plastic resource utilization project, producing liquefied plastic cracking gas and plastic cracking light oil [1] - The products from this project are part of a circular economy chain, transforming waste plastics into high-end materials [1] Group 2: Certification and Pricing - The company has obtained ISCC PLUS certification, which serves as a premium basis for the traceability of the entire lifecycle of plastics [1] - During negotiations with downstream customers, the company emphasizes that its products enjoy a green premium, with pricing already agreed upon and contracts signed, although specific details remain confidential [1]

Core Viewpoint - Huicheng Environmental Protection (300779) announced that its 200,000 tons/year mixed waste plastic resource utilization project has achieved normal sales of liquefied plastic cracking gas and plastic cracking light oil [1] Group 1: Product Sales - The liquefied plastic cracking gas is being sold to Maohua Shihua (000637) [1] - The plastic cracking light oil is currently being trialed by Fujian United Petrochemical [1] Group 2: Product Quality - Products have passed SGS testing, confirming that the quality meets requirements [1] - The company is actively constructing hydrogenation facilities to enhance product quality due to varying raw material requirements from different customers [1]