Orient Landscape(SZ:002310)2022-12-06 11:18Group 1: Company Operations and Strategy - The company primarily uses its own marketing team for project acquisition, covering nearly 100 cities nationwide [2] - The company has a strong marketing capability, requiring collaboration among multiple teams including finance, investment, and design for project execution [2] - The company has been involved in the sponge city construction since 2013, integrating water safety, ecology, and landscape [4] Group 2: Financial Structure and Investment - In SPV companies, the typical investment ratio for the company is around 50%, with an example of a 1.5 billion CNY investment in a 1 billion CNY project [3] - The company currently has two projects utilizing national key project construction funds, with an annual interest rate of 1.2% from Agricultural Development Bank [3] - The company has approximately 5.3 billion CNY in overdue receivables, which is expected to improve as the proportion of PPP projects increases [4] Group 3: Project Scale and Timeline - In 2015, the company won PPP projects totaling over 30 billion CNY, with completion timelines ranging from 1 to 5 years depending on project size [3] - Smaller projects can be completed within 1-2 years, while larger projects may be divided into sub-projects for phased execution [3]