ZHEFU(SZ:002266)2023-07-13 07:18Group 1: Investment and Development Plans - The company plans to invest 1 billion RMB to develop a "high-end equipment R&D and manufacturing project" focusing on technologies for hydropower and nuclear power equipment [3] - The project aims to establish 1 R&D center and 2 production bases, with an annual production capacity of 5 sets of pumped storage generator units and 7 sets of nuclear power equipment [3] - A joint venture with China Three Gorges Corporation will be established in Yichang City to create a production line with an annual capacity of 10 sets of pumped storage units [3] Group 2: Revenue Recognition and Financials - Revenue from hydropower equipment is recognized based on the percentage of completion method, with a typical contract duration of around 3 years [3] - Payment is received in four to five installments, with 70-80% collected after delivery and 90-95% after subsequent debugging [3] - The remaining 5-10% is retained as warranty funds for one to two years [3] Group 3: Environmental Policies and Carbon Reduction - The company supports the voluntary carbon emission reduction trading policy, which encourages broader industry participation in emission reduction efforts [4] - The company’s recycling operations can reduce CO2 emissions by 3 tons for every ton of recycled copper produced, representing a 32.1% reduction compared to primary copper [4] - The company is developing a carbon reduction approval process for hazardous waste treatment and resource recycling [4] Group 4: Strategic Focus on Clean Energy - The company is committed to a "clean energy and large environmental protection" development strategy, focusing on hazardous waste harmless treatment and circular economy resource recycling [4] - The transition to a resource-circulating society is emphasized through the company's operations in hazardous waste disposal and metal resource recovery [4]