Dongjiang Env(SZ:002672)2023-04-07 01:12Group 1: Company Overview and Operations - Dongjiang Environmental Co., Ltd. held an investor communication event on April 4, 2023, combining onsite and online participation [2][3] - The company has a total qualification capacity exceeding 2.7 million tons, with approximately 2 million tons remaining [5] - The current utilization rate of the company's qualifications is around 40% [5] Group 2: Industry Trends and Regulatory Environment - The hazardous waste industry is under strict national regulation, covering processing, transportation, and disposal [3] - The industry has experienced rapid development since 2017, with many new projects starting construction and production post-2020 [3] - The hazardous waste collection volume decreased by 16% in 2022 due to upstream production cuts, leading to intensified price competition [4] Group 3: Financial Performance and Projections - The company's gross profit margin has declined to 11%, attributed to price drops and reduced waste collection volumes [4] - As of March 2023, waste production has begun to recover, with expectations for further increases in the second and third quarters [4][7] - The company aims to lower variable costs and expenses through process optimization and technology upgrades [6] Group 4: Strategic Direction and Growth Opportunities - The company plans to strengthen its core industrial hazardous waste business while expanding into metal recycling, particularly precious metals [6] - There is a focus on developing a "zero landfill" approach, with a shift towards resource recovery from waste [4] - The company is exploring new growth areas in urban ecological environment services and pollution control [6]