WELL.E(SZ:300190)2025-12-27 08:22Group 1: Company Overview and Business Transition - The company has over 20 years of experience in the environmental protection industry, focusing on organic waste resource utilization [2][3] - It has expanded its services from leachate treatment to include kitchen waste processing, biogas and bio-natural gas, oil recovery, VOCs governance, industrial water treatment, and energy conservation [3] - The company has completed over 400 leachate treatment projects and more than 70 kitchen waste projects, accumulating extensive engineering experience [3] Group 2: Biogas and Bio-Natural Gas Development - The company has a total biogas project capacity of 2 million m³/d, with over 200 projects designed to handle more than 10,000 m³/d [3] - Future business focus will be on expanding bio-natural gas and bio-fuel oil sectors, transitioning from an "organic waste resource expert" to a "sustainable development service provider" [3] Group 3: Green Premium and Market Opportunities - Bio-natural gas has a significant green premium potential due to its carbon reduction properties, especially with the EU's Carbon Border Adjustment Mechanism (CBAM) set to be implemented on January 1, 2026 [4][5] - The company aims to leverage carbon reduction attributes and green fuel conversion to enhance the value of bio-natural gas [5] Group 4: Competitive Advantages - The company has a strong project resource and customer base, with over 2 million m³/d of biogas resources ready for development [5] - It possesses advanced anaerobic digestion and biogas purification technologies, ensuring adaptability to various project needs [5] - An experienced operational team enhances the company's ability to manage diverse project scenarios effectively [5][6] Group 5: Future Plans and Market Expansion - The company plans to explore overseas markets for bio-natural gas, particularly in Southeast Asia, while ensuring compliance with international standards [7] - For smaller natural gas projects, the company will prioritize integration into urban gas networks and optimize operational management to maintain profitability [8] - The bio-fuel oil business will focus on utilizing waste oil from kitchen waste projects, aiming for a processing capacity of 300,000 tons/year [10] Group 6: Additional Business Ventures - The company is developing a cooling business based on existing capabilities, targeting data centers and industrial sectors [13] - It is also collaborating on robotic solutions for hazardous environments, enhancing service offerings in environmental projects [13]