Beijing ZHTD Environmental Protection Technology (BJ:836263)2022-12-29 10:54Group 1: Company Overview - The company is a leading comprehensive service provider in the industrial flue gas treatment sector, focusing on industries such as steel and coking [3] - The company provides full lifecycle services including engineering design, construction management, equipment supply, system debugging, and specialized operation of environmental facilities [3] Group 2: Business Model and Revenue - The company operates under a management model where it signs entrusted operation agreements, ensuring normal system operation and compliance with energy-saving and emission reduction standards [4] - As of the 2022 semi-annual report, operational business revenue accounted for nearly 60% of total revenue [4] - Key advantages of the operational business include strong customer loyalty, short settlement cycles, and continuous technical innovation through practical experience [4] Group 3: Investment and Financial Performance - The company acquired a 34% stake in Baogang Energy and Environmental Technology Co., Ltd. for a total payment of 363.64 million yuan [4] - As of May 2022, the company began receiving investment returns from Baogang Energy, with reported investment income of approximately 15 million yuan [4] Group 4: Business Expansion in 2022 - In 2022, the company expanded its operational business with projects including the active desulfurization and denitrification operation for Zhongtian Steel and integrated operation projects for Xinjiang Bayi Steel [5] - The company also won bids for several construction projects, including ultra-low emission transformation projects for gas turbine units and waste gas treatment projects [5][6] Group 5: Future Plans - The company aims to become a comprehensive solution provider for environmental protection, energy saving, and low carbon solutions in industrial enterprises [7] - Future market expansions will include flue gas treatment in power plants and petrochemical industries, as well as energy-saving and carbon reduction initiatives [7]