ZFET Co.,LTD.(SZ:002479)2025-06-10 01:00Business Overview - The company's business has expanded from combined heat and power (CHP) to include "CHP + solid waste (hazardous waste) resource utilization + environmental monitoring and governance" [2] - Main products include clean thermal energy and clean electricity, providing centralized heating services while selling excess electricity [2] Resource Utilization and Growth - In 2024, the company added copper and electrolytic copper to its resource utilization business, optimizing its industrial chain [3] - Plans for new projects include a 50,000-ton general solid waste resource utilization project and a 30,000-ton zinc-rich dust production line [3] - The company aims to enhance product value and improve market competitiveness through technological upgrades and production line expansions [3] Market and Cost Management - Coal price fluctuations significantly impact the company's operations, as coal is a primary raw material for its CHP business [4] - The company adjusts steam prices based on coal price changes and employs strategies like centralized procurement to ensure stable coal supply [4] Technological Advancements - The smart power plant project has shown promising results, reducing boiler operation frequency from over 2000 to around 100, thus enhancing safety and operational efficiency [4] Financial Performance - In Q1 2025, the company achieved a net profit of 95.73 million yuan, a 403.14% increase year-on-year, driven by lower raw material costs and increased demand [5] - The company expects to maintain stable operations and positive financial results moving forward [5]