Dongjiang Env(SZ:002672)2022-12-07 08:41Group 1: Chairman's Situation - The chairman is currently under investigation, and the company has not received further information beyond a verbal notification from the family [3][4] - The company has not been notified of any investigation involving its executives, and all senior management remains in their positions [4][5] - The company has appointed the president, Chen Shusheng, to perform the chairman's duties during this period [3][5] Group 2: Company Operations - The company’s operations are normal, and it continues to pursue its acquisition and project development plans without significant disruption [5][6] - The company has a stable cash flow, with over 900 million in cash reserves and a low debt ratio of less than 52% [7][8] - The company maintains strong relationships with over 20,000 clients and 40 subsidiaries, ensuring operational stability [6][8] Group 3: Financial Situation - The company’s cash flow is robust, with operational cash flow of approximately 300-400 million [7][8] - The company has not faced any immediate cash flow issues despite the chairman's situation, and it has sufficient bank credit lines available [8][9] - The company is in the process of communicating with regulatory bodies regarding its planned capital increase, which is still under review [7][9] Group 4: Industry Context - The hazardous waste management industry is experiencing stricter regulations, with actual hazardous waste generation expected to exceed 60 million tons, while disposal capacity is only around 30 million tons [9][10] - The company aims to expand its market share, particularly in Guangdong, where it currently holds 50% of the market, and is targeting growth in other provinces [9][10] - The company has set a strategic goal to become a leading player in the hazardous waste industry, with a target capacity of over 300,000 tons by 2020 [10][11]