ELHT(SH:600133)2021-05-31 09:55Group 1: Company Overview - Wuhan Donghu Gaoxin Group Co., Ltd. was listed in 1998 and has undergone several rounds of shareholder changes and industrial integration, forming three main business segments: technology parks, environmental protection technology, and engineering construction [1]. - The company focuses on "1 center, 2 windows, and 1 economic belt" for its regional layout, with a strategic center in Wuhan and important windows in the Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area [1]. - The company operates 20 heavy asset industrial park projects, with a total area of 4.8 million square meters under management, construction, or planning [1]. Group 2: Environmental Protection Segment - The environmental protection segment primarily focuses on air pollution control, including flue gas treatment for coal-fired units and waste incineration power generation units [2]. - The coal-fired flue gas treatment business has become one of the largest in China, with a total installed capacity of 14.36 million kilowatts and an investment scale of approximately 2.2 billion yuan, generating revenue of 781 million yuan and operating profit of 160 million yuan in 2020 [2]. - The waste incineration flue gas treatment business, acquired through the purchase of a controlling subsidiary, achieved over 800 million yuan in revenue and a net profit of 93 million yuan in 2020 [2]. Group 3: Engineering Construction Segment - The engineering construction segment aims to strengthen its core business while expanding into related areas through equity cooperation and diversified development [2]. - Revenue for the engineering construction segment was approximately 6.7 billion yuan in 2018, 7.2 billion yuan in 2019, and 8.2 billion yuan in 2020, with a target to exceed 10 billion yuan in 2021 [2]. Group 4: Investment Strategy - The company has established three investment funds since 2016, investing approximately 245 million yuan, which accounts for 56.91% of the fund size, in over ten companies, primarily in pharmaceuticals, biotechnology, and electronic information [3]. - The company invested 30 million yuan in Wuhan Meige Technology Co., Ltd., focusing on the new energy photovoltaic mobile energy industry, representing 19.23% of the company’s long-term equity investment [3]. - Five of the invested companies have plans for IPOs [3]. Group 5: Future Plans and Market Outlook - The company plans to enhance its light asset operation model and expand its service scale through collaboration with a diversified development enterprise [3]. - The environmental protection segment anticipates significant growth in waste incineration projects, with an estimated 292 new projects and a market capacity of 2 to 3 billion yuan annually from 2021 to 2030 [4]. - The company aims to integrate its operations in flue gas treatment and waste incineration to strengthen its market position and influence [4].