中航泰达(836263) - 关于接待机构投资者调研情况的公告

Group 1: Company Overview - Beijing Zhonghang Taida Environmental Technology Co., Ltd. received 8 institutional investors for research on October 26, 2021 [2][3] - The company aims to become a provider of comprehensive environmental, energy-saving, and low-carbon solutions for industrial enterprises [5] Group 2: Performance and Strategy - Since 2018, the company's performance growth has slowed due to a shift from "wet" to "dry" flue gas treatment processes, leading to increased costs and lower project profitability [4][5] - The pandemic has caused delays in client projects, resulting in a decrease in construction business revenue proportion [5] - The company plans to enhance business expansion, particularly in operational services, to stabilize revenue [5] Group 3: Industry Barriers - There are significant industry barriers in flue gas treatment, including: - Technical Barriers: High customization and advanced technology requirements for project implementation [6] - Qualification Barriers: Necessary business qualifications and compliance with government regulations for service providers [6] - Experience Barriers: Preference for service providers with established brand recognition and project experience [6] - Financial Barriers: High capital requirements for large engineering projects [6] Group 4: Operational Characteristics - The company’s operational contracts typically generate annual revenues exceeding tens of millions [7] - Operational services provide strong customer retention and short payment cycles, supporting construction business cash flow [7] Group 5: Strategic Acquisitions - The company is considering acquiring equity in Baogang Group's environmental technology subsidiary to enhance its understanding of the steel industry's environmental needs [7] - Successful acquisition could expand the company's business lines and support Baogang Group in achieving ultra-low emissions [7]