鹏鹞环保20241129

Key Points Company Overview 1. Company Name and Industry: Pong Pei Environmental Protection Co., Ltd., specializing in water supply and wastewater treatment, as well as biodeisel production. 2. Establishment and History: Founded in 1984, with a history of over 40 years in the environmental industry. 3. Profitability: Average annualized net profit of around 2.9 billion yuan over the past five years. 4. Business Segments: Water supply and wastewater treatment, engineering construction, equipment manufacturing and sales, investment, and new energy (biodeisel production). Biodeisel Production 5. Market Attention: High market attention since producing qualified SARP products on September 3. 6. Production and Sales: Started producing HVO in March 2020, with sales primarily targeting the European Union. 7. Price and Profitability: Current production cost is around 1900 USD per ton, with potential for further cost reduction through technology upgrades. 8. Market Demand: Estimated demand for HVO in the European Union is around 1.5 million tons, with domestic demand expected to grow due to policy guidance. Water Supply and Wastewater Treatment 9. Revenue and Profit: Revenue from water supply and wastewater treatment reached over 5 billion yuan in the first three quarters, with a net profit of 328 million yuan. 10. Profitability: High profitability due to the investment and operation model, with low costs and high efficiency. Technology and Innovation 11. Biodeisel Production Technology: Utilizes a domestic technology package with lower raw material requirements compared to international counterparts. 12. Continuous Production: Aim to achieve continuous production of HVO with a theoretical cycle of 8 months, with actual maintenance taking around 1-2 months. Future Outlook 13. Expansion Plans: Plans to expand production capacity based on market conditions and demand. 14. Strategic Focus: Focus on sustainable development and environmental protection, with a long-term commitment to the biodeisel industry. Risks and Challenges 15. Market Fluctuations: Potential risks from market fluctuations and policy changes. 16. Competition: Intense competition in the biodeisel industry, both domestically and internationally. 17. Technological Innovation: Continuous investment in research and development to improve production efficiency and reduce costs.