Dongjiang Env(SZ:002672)2022-12-08 01:21Group 1: Project Overview - The project "Rudong Daheng" was established in 2002, focusing on the treatment of industrial hazardous waste and medical waste, covering an area of 60 acres, making it the largest hazardous waste incineration facility in Nantong City [1][2] - The approved hazardous waste incineration capacity is 13,000 tons/year, with another facility of 6,000 tons/year undergoing technical upgrades, expected to be completed by the end of 2015 [2] - The projected production capacity is 19,000 tons/year by 2016, with an expected utilization rate of 60-70% in 2016, 80-90% in 2017, and full capacity by 2018 [2] Group 2: Market Context - Jiangsu Province ranked second in GDP nationwide in the first three quarters of 2015, with hazardous waste generation ranking third in the country in 2013 [3] - In 2014, Jiangsu had approximately 298 hazardous waste disposal companies, with a total capacity exceeding 7 million tons/year, but over 90% were comprehensive utilization enterprises, indicating a severe shortage of incineration and landfill projects [3][4] - Nantong City ranked fifth in hazardous waste generation in Jiangsu in 2014, with only two incineration facilities capable of handling 5,000-6,000 tons/year and no landfill facilities [4] Group 3: Project Highlights - The project aims to establish a comprehensive hazardous waste treatment network in the Yangtze River Delta, with a total treatment capacity of 200,000 tons/year, including 100,000 tons/year for harmless treatment [4] - The project will handle over 30 categories of hazardous waste, significantly improving the region's waste disposal capabilities [4] Group 4: Future Plans - The overall hazardous waste capacity in Jiangsu is expected to exceed 400,000 tons, with harmless treatment capacity reaching over 200,000 tons, targeting a market share of around 10% [5] - Future expansions will focus on developed regions like the Pearl River Delta, where there is a significant demand gap for harmless treatment [5] - The company plans to enhance market share in existing regions such as Jiangxi, Fujian, Hubei, Shandong, and Hebei based on established strategies [5] Group 5: Financial and Operational Aspects - The company has obtained qualifications for a 200,000 tons/year capacity at the Shajing base, with an expected utilization rate of over 80% by 2016 [5] - The Huizhou project is a pure harmless treatment project with a disposal capacity of 80,000 tons/year, expected to double in scale in the future [6] - The group invests heavily in R&D and technology upgrades, with many subsidiaries qualifying for high-tech enterprise status, benefiting from favorable tax rates [6]