Dongjiang Env(SZ:002672)2022-12-08 08:46Group 1: Company Overview - The main business of Dongjiang Environmental Protection focuses on the resource utilization and harmless treatment of industrial and municipal waste, with an expansion into the dismantling and recycling of electronic waste [2] - The company has established a comprehensive environmental service platform with a business network covering the Pearl River Delta, Yangtze River Delta, and central and western regions of China [2] - In the past two years, the company has increased its efforts in harmless treatment business, promoting a combination of internal growth and external expansion [2] Group 2: Financial Performance - In 2014, the gross profit margins for various businesses were approximately: - Industrial waste harmless treatment: 58% - Industrial waste resource utilization: 30% - Municipal waste treatment: 16% - Renewable energy and CDM business: 28% - Electronic waste dismantling: 16% - Environmental engineering and services: 25% [3] - The non-public issuance of A-shares in 2015 raised approximately 2.3 billion, primarily for projects in Jiangxi solid waste center, ShaJing treatment base renovation, Huizhou Dongjiang technology upgrade, working capital replenishment, and bank loan repayment [3] Group 3: Market and Industry Insights - The industrial solid waste treatment industry has significant future development potential, with the construction of treatment facilities not meeting demand and favorable policies emerging [4] - The time required for obtaining environmental assessments for industrial waste projects typically ranges from 1 to 3 years due to their special nature [4] - Government regulations on environmental protection have tightened, with criminal liability for illegal disposal of hazardous waste exceeding 3 tons established by judicial interpretations in 2013 [4]