XREC(SZ:000598)2024-06-19 11:58Company Overview - Chengdu Xingrong Environment Co., Ltd. is a leading comprehensive water and environmental service provider in China, integrating investment, research and development, design, construction, and operation, with a complete industrial chain [1]. - The company operates in 10 provinces and autonomous regions, managing over 50 water and environmental concession projects [1]. - Current operational and under-construction water supply projects have a scale of approximately 4.3 million tons/day, while wastewater treatment projects are around 4.8 million tons/day [2]. Business Segments - Key business segments include: - Water supply - Wastewater treatment and reclaimed water utilization - Environmental services, including waste incineration power generation, leachate treatment, sludge disposal, and kitchen waste disposal [1]. - The company has a waste incineration power generation capacity of 12,000 tons/day and a leachate treatment capacity of 8,430 tons/day [2]. Pricing Mechanisms - Water pricing adjustments are based on national policies and concession agreements, requiring approval from government price authorities [2]. - Wastewater treatment service fees are typically adjusted every 2 to 3 years, with a current tentative price of 2.63 yuan/ton for the Chengdu central urban area [2]. Market Expansion - The company focuses on expanding its market presence in Chengdu and surrounding areas, aiming to increase market share and influence [3]. - With nearly 80 years of water supply operation experience and over 30 years in wastewater treatment, the company leverages its operational management capabilities and brand advantages for market expansion [3]. Project Development - Ongoing projects include the Chengdu Wanxing Environmental Power Plant (Phase III), with a waste processing capacity of 5,100 tons/day, alongside sludge and kitchen waste processing [3]. Shareholder Returns - The company emphasizes shareholder returns and plans to adjust dividend policies based on operational performance and future funding needs [3].