Road Environment(688156)2024-11-29 08:35Business Overview - The company specializes in the resource utilization of food and beverage residues and water environment treatment, with main businesses including bio-fermented feed from distiller's grains and inorganic solid waste treatment services [4] - From January to September 2024, the bio-fermented feed business accounted for 82.64% of the main business revenue, while inorganic solid waste treatment services accounted for 17.36% [4] Key Partnerships - The company has established long-term agreements with major liquor producers such as Langjiu, Zhenjiu (06979.HK), and Jinshajiaojiu, securing distiller's grain resources [4] - Collaborations have also been formed with Anhui Gujing Gongjiu (000596.SZ), Jiangsu Yanghe Co., Ltd. (002304.SZ), and Hunan Jiugui Liquor Co., Ltd. (000799.SZ) [4] Product Advantages - High-quality raw materials: Using distiller's grains from top liquor producers as a culture medium, the raw materials are high-quality, safe grains rich in functional components, high in protein and fat, and low in fiber [6] - Specialized strains: Developed in collaboration with the National Key Laboratory of Agricultural Microbial Resource Discovery and Utilization, the strains are acid-resistant, high in enzyme production, and have strong growth vitality [6] - Fully automated solid-state fermentation: The company's self-developed microbial solid-state fermentation technology ensures optimal growth, metabolism, and autolysis of yeast strains [6] - Multi-stage low-temperature drying: The proprietary continuous multi-stage low-temperature drying process effectively retains active substances and nutrients [6] - Quality assurance: Strict adherence to ISO9001 quality management system standards throughout the manufacturing process ensures product safety and hygiene [8] Functional Benefits - The bio-fermented feed contains both conventional nutrients (crude protein, crude fat, acid-soluble protein) and functional components (yeast-derived protein, β-glucan, mannan oligosaccharides, nucleotides, active peptides, beneficial bacteria, and digestive enzymes), improving feed digestibility, animal immunity, and intestinal microecological balance [8] Major Clients - The company's products have entered the procurement scope of major clients such as New Hope Liuhe (000876.SZ), Haid Group (002311.SZ), Hefeng Co., Ltd. (603609.SH), Juxing Agriculture and Animal Husbandry (603477.SH), Modern Dairy (01117.HK), Shounong Group, and Shanxi Elephant [8] Future Development - Strengthening the brand by leveraging resource advantages: The company has a planned annual production capacity of 700,000 tons for bio-fermented feed and processes over 1.8 million tons of distiller's grains annually [10] - Focusing on technological R&D and exploring diversified development: The company is researching projects involving by-products from the food brewing industry, such as beer grains, rice wine grains, soy sauce residues, vinegar grains, and fruit and vegetable residues [10] - Accelerating the layout of the synthetic biology sector: The company is collaborating with the State Key Laboratory of Biocatalysis and Enzyme Engineering to explore synthetic biology and biomanufacturing, aiming to develop more valuable new products [10]