Summary of Longking Environmental Conference Call Company Overview - **Company**: Longking Environmental - **Industry**: Environmental Protection and Green Energy Key Points Industry and Market Dynamics - Longking Environmental benefits from the accelerated development of green electricity projects, with new projects and high electricity prices enhancing profitability, expected to be in a continuous release cycle for the next three years [2][3] - The traditional environmental protection business is stable, contributing approximately 900 million in profit annually, corresponding to over 10 billion in revenue [2][6] - The market demand for flue gas governance in the thermal power sector is growing, with a market size of 15-16 billion annually, driven by new installations and replacement needs [7][9] Core Business Segments - **Traditional Environmental Business**: Focused on air pollution control equipment delivery, waste incineration, and hazardous waste treatment, with a historical revenue exceeding 10 billion [6] - **Green Electricity Projects**: Includes self-generated green electricity projects related to Zijin Mining, with both existing and new projects accelerating investment [4][10] - **Equipment Manufacturing**: Involves the production of new energy mining equipment and energy storage solutions, with significant progress in domestic and international projects [4][16] Financial Performance and Projections - New signed orders for 2024 are projected at 10.1 billion, with a backlog of 18.7 billion, sufficient to support two years of revenue recognition [6] - The overall market size for the flue gas governance industry is estimated at 26-27 billion annually, with thermal power accounting for about 60% and non-thermal sectors about 40% [9] - The company’s green electricity business showed significant growth, with profits nearing 100 million in the first half of the year, contributing about 20% to total profits [10][11] Project Highlights - **Xizang Mami Cuo Photovoltaic Storage Diesel Generator Off-grid Project**: Total investment of 2.391 billion, with expected annual profits exceeding 200 million [12] - **Democratic Republic of the Congo 140 MW Hydropower Project**: Total investment of 399 million USD, with a competitive advantage due to low costs and high selling prices [13][14] Future Growth Opportunities - The company is actively pursuing projects in Tibet and overseas, with a projected renewable energy generation target of 30% by 2030 for Zijin Mining [15] - The company has a growth potential from 1 GW to 7 GW in green electricity capacity [15] Valuation and Market Position - Current valuation is approximately 15-16 times earnings, with expected net profit growth of about 30% year-on-year, reaching 1.4 to 1.5 billion next year [18] - The company benefits from supportive policies for direct consumption of green electricity, enhancing its investment appeal [18] Additional Insights - The company has made significant strides in the energy storage sector, achieving profitability in the first half of the year after previous losses [16] - Longking Environmental is expanding into the mining equipment sector, providing comprehensive solutions that include wind and solar energy applications [17]

文 | 中关村储能产业技术联盟 6月5日 ， 中国电气装备集团有限公司储能电池芯规模集中采购项目采购公告发布，本次集采数量736.5604万只，预计采购容量7248MWh， 本次采购分为四个标段，电池芯规格有 50Ah、 100Ah、 280Ah、 314Ah。 标段一： 50Ah磷酸铁锂电池芯 ， 16MWh 资质要求： 电池芯 品牌原厂年产能不低于 0.1 GWh ， 须具有2022年1月1日起至应答截止日 不小于 0. 1 GWh的50Ah电力储能 电池芯 供 货业绩， 同一标段内同一品牌只允许一个应答主体参与。 标段二： 100Ah磷酸铁锂电池芯 ， 32MWh 资质要求：电池芯 品牌原厂年产能不低于 0.2 GWh ， 须具有2022年1月1日起至应答截止日 不小于 0. 2 GWh的100Ah电力储能 电池芯 供 货业绩 ，同一标段内同一品牌只允许一个应答主体参与。 标段三： 314Ah磷酸铁锂电池芯，分四个标包，共7200MWh 采购内容： 第3标包采购290.605万支，预计采购规模2920MWh；第4标包采购216.9586万支,预计采购2180MWh；第5标包采购139.3312 万支，预 ...