CEVIA(SZ:000885)2024-02-23 10:47Group 1: Business Operations and Market Strategy - The company has a total order scale of 28,550 tons/day in the waste incineration power generation sector, with 32 projects fully operational [1] - The focus for the next 3-5 years will be on low-carbon environmental protection business centered around waste-to-energy, aiming for integrated comprehensive governance [1] - The company plans to expand its operations into industrial heating, slag resource utilization, and projects related to kitchen waste, sludge, and water treatment [1] Group 2: International Expansion and Project Development - The company is establishing an overseas project reserve library, focusing on Southeast Asia and other regions, to promote the implementation of overseas projects [2] - There is an emphasis on seeking good assets, prices, and opportunities for strategic investments, particularly in line with the "Belt and Road" initiative [1] Group 3: Financial Performance and Dividend Policy - The company has distributed a total of 264 million CNY in cash dividends over the past three years, exceeding 30% of the average annual distributable profit [2] - Future plans include annual cash dividends, with considerations for industry characteristics, development stages, and major capital expenditure arrangements [3] - The company is committed to improving dividend stability and growth in response to regulatory guidance and investor interest [3] Group 4: Capital Raising and Financial Instruments - The company is in the process of issuing convertible bonds with a total fundraising amount of 1.89 billion CNY, aimed at projects in waste-to-energy, wastewater treatment, and hazardous waste management [3] - Since the application was accepted on August 22, 2023, the company has completed two rounds of inquiries, and the related work is progressing normally [3]