Beijing ZHTD Environmental Protection Technology (BJ:836263)2023-03-16 10:28Group 1: Company Overview and Investor Engagement - Beijing Zhonghang Taida Environmental Technology Co., Ltd. received 9 institutional investors for a research meeting on March 14, 2023 [2] - The meeting was attended by key company personnel including General Manager Huang Pu, CFO Wei Qun, and Secretary of the Board Tang Ning [2] Group 2: Impact of Economic Conditions - The economic downturn in 2022 led to delays in new project bidding, a decrease in main business revenue, extended project execution cycles, and increased overall operating costs [3] - Despite challenges, the company invested a total of 468 million RMB in Baogang Energy and Environmental Technology Co., Ltd. during the year [3] Group 3: Business Development Plans for 2023 - The company aims to deepen its focus on energy-saving and environmental protection in the steel and coking industries, including the implementation of already awarded projects and expansion of operational business scale [4] - Increased R&D investment in new technologies, particularly in the treatment of by-products and collaboration in high-efficiency desulfurization projects [4] - Leverage synergies with Baogang Energy and Environmental Technology to promote new technologies and expand market reach [4] Group 4: Mixed Ownership Reform Progress - The company acquired a 34% stake in Baogang Energy and Environmental Technology through capital increase and equity transfer, with operational involvement from its executives [5] - The company has secured contracts for three EPC projects in flue gas treatment, totaling 423 million RMB [5] Group 5: Investment Returns and Profit Distribution - From May to December 2022, the company was eligible for investment returns based on its paid-in capital, with a 34% share of profits starting in 2023 [7] - Baogang Energy and Environmental Technology is required to distribute at least 30% of its distributable profits as dividends after covering losses and reserves [7] - The company maintains a proactive and stable profit distribution policy, with future announcements regarding the 2022 profit distribution plan [8]