HAITIAN CO.,LTD.(SH:603759)2022-07-14 11:24Group 1: Company Overview - Haitian Water Group Co., Ltd. focuses on water supply and sewage treatment as its main business, with 33 subsidiaries established across the country by the end of 2021 [1][2] - The company was listed on the Shanghai Stock Exchange on March 26, 2021, marking its entry into the A-share market [2] Group 2: Industry Characteristics - The water industry is a foundational sector supporting economic and social development, characterized by low sensitivity to macroeconomic cycles, making it a weak cyclical industry [2] - The company has maintained a compound annual growth rate (CAGR) of approximately 20% in revenue and profit over recent years [2] Group 3: Market Opportunities - The water industry still has a trillion-yuan market space during the 14th Five-Year Plan period, with a projected market of hundreds of billions in urban water supply and drainage over the next five years [2][3] - The demand for upgrading sewage treatment plants under the dual carbon strategy presents significant market opportunities [3] Group 4: Business Expansion and Innovation - The company is actively exploring the carbon neutrality industry chain, including waste incineration power generation and solid waste disposal [2][4] - In June 2022, the company increased its investment in a storage technology firm, indicating its commitment to zero-carbon energy and storage development [4] Group 5: Financial Strategy - The company has sufficient self-owned funds and plans to consider various financing methods, including equity and debt financing, to support business development [4][5] - The company has consistently distributed dividends at around 30% of its annual net profit over the past two years, with plans to continue rewarding shareholders while maintaining stable operations [5] Group 6: Smart Water Management - The company is advancing its smart water management initiatives, achieving significant improvements in internal operational management [4][5] - Currently, there are no plans to develop smart water SaaS software, but the company is open to exploring this area if beneficial for its development [5]