ZHEFU(SZ:002266)2022-12-04 09:44Company Overview - Zhejiang Fu Holding Group Co., Ltd. operates in a diversified and international manner, focusing on hazardous waste treatment, renewable resource recycling, hydropower equipment, nuclear power equipment, and special motors [2] - The company has established a full industrial chain for hazardous waste management, integrating collection, storage, harmless treatment, and resource deep processing [2] Financial Performance - In the first half of 2020, the company achieved a revenue of CNY 3.14 billion, a year-on-year increase of 4.7% [3] - The net profit attributable to shareholders was CNY 370 million, reflecting a significant year-on-year growth of 54.0% [3] - The acquired Shunlian Environmental Group reported a revenue of CNY 2.787 billion and a net profit of CNY 510 million during the same period [3] Environmental Management - Shunlian Environmental Group has established a comprehensive environmental protection system to prevent secondary pollution during production [4] - The company has obtained ISO 14001:2015 certification for its hazardous waste recycling and related environmental management activities [4] Waste Treatment Measures - Wastewater treatment systems are in place, ensuring that all production wastewater is treated and reused, with no external discharge [5] - Solid waste management focuses on maximizing resource utilization from hazardous waste, with various processing methods for different types of waste [5][6] Air Emission Standards - The company adheres to national air emission standards, employing advanced technologies for the treatment of pollutants such as sulfur dioxide and nitrogen oxides [7][8] Future Projects - The company has plans for four new projects with a total capacity of 1.17 million tons, including locations in Hunan and Liaoning [8] - The projects have received environmental assessment approvals and are expected to contribute to steady revenue growth [8] Nuclear Power Business - The core nuclear power business is managed by Sichuan Huadu Nuclear Equipment Manufacturing Co., Ltd., which specializes in the development and manufacturing of nuclear safety mechanical equipment [9] - The company has established itself as a leading manufacturer of control rod drive mechanisms for various types of reactors [9][10] Strategic Integration - The recent acquisition aims to integrate Shunlian Environmental and Shenen Environmental into a cohesive business model, enhancing operational synergies [13][14] - The integration is expected to leverage the company's experience in clean energy equipment manufacturing to improve overall efficiency and market competitiveness [15]