SPC(SZ:002573)2022-12-03 09:56Group 1: Market Position and Business Focus - The company holds a service scale of over 26 million kilowatts in the thermal power industry, accounting for approximately 3% of the total market share, ranking second in the industry [3] - In 2018, the company aims to enhance its operational business, which is expected to maintain stability and contribute to future performance [3] - The company is actively expanding its business in non-electric sectors, including steel, coking, non-ferrous metals, and petrochemicals, with ongoing project implementations and market orders [2] Group 2: Financial Management and Accounts Receivable - The high accounts receivable ratio is attributed to the rapid growth of ultra-low emission projects and delayed payments from some clients, which is considered a normal industry phenomenon [3] - The company is intensifying management of accounts receivable, implementing measures to improve collection rates and control the proportion of receivables within reasonable limits [3] Group 3: Investment and Strategic Partnerships - The company plans to establish a joint venture in Guizhou with a total investment of RMB 100 million, where it will hold a 51% stake [4] - The joint venture aims to enhance the company's competitiveness and expand its environmental business in the southwest region [4] Group 4: International Expansion and Future Outlook - The company has successfully secured projects in South Korea and is actively participating in bidding processes in Turkey and India, with plans to establish subsidiaries as needed [5][6] - Future strategies include focusing on industrial flue gas governance, expanding into non-electric sectors, and pursuing mergers and acquisitions to foster growth [7]