Dongjiang Env(SZ:002672)2022-12-06 09:36Financial Performance - In the first three quarters, the company achieved a revenue of 1.866 billion CNY, representing a year-on-year growth of 6.58% [1][3] - Net profit reached 380 million CNY, with a year-on-year increase of 43.85% [3] - The net profit attributable to the parent company, after deducting non-recurring gains and losses, was 270 million CNY, up by 10.58% compared to the same period last year [3] Business Development - The company expects a profit growth of 20%-50% in the fourth quarter, contingent on project progress [3] - The operational capacity includes various projects such as 10,000 tons of incineration in Zhuhai and 33,000 tons in coastal solid waste [4] - The Jiangxi solid waste project has a total investment of 250 million CNY, with an expected return rate of approximately 20% [4] Strategic Initiatives - The company is focusing on hazardous waste disposal and expanding its environmental service industry, aiming for a 30% contribution to profits from this sector in three years [8] - The company plans to enhance its environmental service capabilities, including municipal waste treatment and soil remediation [8] - The company is actively pursuing PPP projects, which are expected to reshape the competitive landscape of the environmental industry [12] Market Position and Competitive Advantages - The hazardous waste market is characterized by high demand and limited supply, with the company maintaining a leading position in the industry [11] - The company benefits from strong support from its major shareholder, Guangsheng, which enhances its coordination capabilities and financing options [11] - The company has a competitive edge due to its experienced workforce and advanced technology in hazardous waste management [11] Future Outlook - The company anticipates that its hazardous waste disposal capacity will exceed 3.5 million tons by 2020 [8] - The company is exploring international opportunities, with investments totaling 20 billion CNY overseas, focusing on industrial hazardous waste projects [6] - The company plans to invest approximately 1 billion CNY annually over the next few years, with funding sourced from green bonds and bank financing [13]