Hui Cheng Technology(SZ:300779)2024-11-28 09:53Group 1: Company Overview and Activities - The company is Qingdao Huicheng Environmental Protection Technology Group Co., Ltd., with stock code 300779 and abbreviation Huicheng Environmental Protection [1] - The investor relations activity took place on November 28, 2024, from 15:00 to 17:00 [2] - The event was part of an online collective reception day for listed companies in the Qingdao area [2] Group 2: Project Development and Capacity - The company is constructing a 200,000 tons/year mixed waste plastic resource utilization demonstration project, aiming for early completion and production [2][3] - The project is expected to significantly enhance the company's market position in the domestic and global markets upon completion [2][3] Group 3: Market and Demand Insights - The domestic market for chemical recycling of waste plastics is still in its early stages, with significant potential for development [2][4] - It is estimated that recycling 50 million tons of waste plastics annually could save 250 million tons of crude oil, equivalent to 30% of China's annual crude oil imports [4] Group 4: Technology and Innovation - The company's technology for chemical recycling of waste plastics has not yet received national-level awards [4][5] - The technology can effectively process various types of mixed waste plastics, including polyethylene (PE) and polypropylene (PP) [5][6] Group 5: Financial and Strategic Planning - The company plans to distribute at least 10% of its distributable profits as cash dividends over the next three years (2024-2026) [6] - Future expansion plans include increasing production capacity from 200,000 tons to between 1 million and 4 million tons, contingent on raw material availability [5][6]