ECEC(SZ:002140)2022-12-06 08:22Industry Analysis - The current business focus is on coal chemical industry, with rising coal prices benefiting coal enterprises' investment capabilities [1] - Traditional coal chemical products face limited new capacity due to environmental restrictions, while modern coal chemical products like coal-to-oil and coal-to-gas are impacted by economic factors and competition from renewable energy [1][2] - The market demand for coal-based ethylene glycol is significant, with a domestic demand gap of approximately 7-8 million tons and an expected growth rate of 8% [2] Company Operations - The company has established two sets of coal-to-ethylene glycol facilities, which are operating smoothly and meeting production standards [2] - The company is focusing on expanding its market presence through segmented management of domestic and international markets, enhancing project coordination and relationship maintenance [3] - The company has initiated a commercial factoring business to diversify its operations and provide financial services to upstream and downstream partners [3] Environmental Initiatives - The company is actively involved in chemical wastewater treatment, leveraging its expertise to achieve zero discharge in large chemical projects [2][3] - There is a growing market opportunity in municipal environmental protection, with plans for six external investments, including three PPP projects, expected to generate over 1 billion yuan in engineering projects [3] Future Outlook - The company anticipates substantial results from its operational adjustments in the coming year [3] - The focus on new products and materials is expected to capitalize on the recovering chemical market, with an emphasis on technological development and market demand [2]