路德环境(688156) - 2022年5月投资者关系活动记录（编号LDHJ2022-030至033）

Group 1: Company Overview and Financial Activities - Lude Environmental Technology Co., Ltd. plans to issue 8.16 million A-shares to its actual controller, raising no more than 113.18 million yuan, with 36 million yuan allocated for R&D and 77.18 million yuan for working capital [3] - The company aims to enhance its R&D capabilities in the treatment and resource utilization of organic and inorganic solid waste [3][4] Group 2: Business Model and Market Strategy - The company focuses on the production of microbial fermentation feed from liquor waste, targeting large feed processing and breeding enterprises in China [4][8] - Lude Environmental has established long-term supply agreements with major liquor companies, ensuring a stable supply of raw materials [8][9] Group 3: Technological Advancements and Intellectual Property - The company has developed a solid-state fermentation technology for organic waste, with 23 authorized patents, including 5 invention patents [6][9] - The fermentation process includes aerobic proliferation, anaerobic metabolism, and high-temperature autolysis, achieving a yeast concentration of over 2.5 billion per gram [6][7] Group 4: Product Characteristics and Market Position - The liquor waste fermentation feed is positioned as a functional feed ingredient, rich in protein, fat, and beneficial components, enhancing animal immunity and promoting gut health [7][8] - The company prioritizes the use of sauce-flavored liquor waste due to its local availability and suitability for feed production [8][9] Group 5: Cost Structure and Economic Efficiency - The main costs for the liquor waste fermentation feed business include procurement costs, labor costs, fuel and power costs, and depreciation, with significant cost reductions observed due to increased production scale [9]