YONGAN FORESTRY(SZ:000663)2023-07-07 14:10Group 1: Company Overview and Structure - Fujian Yong'an Forestry (Group) Co., Ltd. is listed under the stock code 000663 [1] - The company is involved in investor relations activities including performance briefings and analyst meetings [2][3] Group 2: Industry Competition and Strategy - The company has addressed potential competition with China Forestry Group, committing to eliminate overlaps through asset restructuring and management adjustments over five years [3] - The company has 1.28 million acres of forest land, with plans to gradually transfer land involved in competition to the major shareholder [4] Group 3: Biomass Energy Projects - The company is transitioning towards green biomass energy, with five initial projects located in Hebei and Henan [4] - Each biomass energy project requires an investment of approximately 560 million, with 160 million sourced from internal funds and 400 million through financing [5] - The annual straw demand for biomass projects is estimated at 210,000 tons, with local straw production exceeding 500,000 tons to ensure supply [5] Group 4: Technical Advantages and Economic Viability - The dry anaerobic fermentation technology used in biomass projects is expected to achieve gas production efficiency 6 to 8 times higher than traditional methods [5] - Each biomass project is projected to generate annual revenues of approximately 170 million and profits of around 36 million [6] Group 5: Carbon Credits and Market Dynamics - The company emphasizes that carbon credits are not directly proportional to forest land area, and the recognition of carbon credits will depend on future regulatory frameworks [6] - The company anticipates a cautious approach from regulatory bodies when reintroducing carbon credit mechanisms in 2023 [6]