QiaoYin(SZ:002973)2022-12-04 09:32Financial Performance - The company expects a net profit attributable to shareholders of between 171 million to 189 million CNY for the first half of 2020, representing a growth of 180% to 210% compared to the same period last year [3] - The increase in net profit is attributed to a rise in project operations, improved management efficiency, and favorable government policies during the COVID-19 pandemic [3] Market Position and Strategy - Qiaoyin Environmental Technology Co., Ltd. is a leading provider in the full industrial chain of environmental sanitation management and the first A-share listed sanitation service company in China [3] - The company has developed a comprehensive urban public environmental management service system, focusing on "integrated urban and rural sanitation" and "environmental pollution prevention" [4] Project Developments - The Guangzhou Likeng kitchen waste treatment plant is the largest single kitchen waste treatment project in Asia, with an investment of 410 million CNY and a guaranteed processing capacity of 1,000 tons per day [4] - The solid resource regeneration center in Guangzhou is the largest leachate treatment plant in China, currently in trial operation, with a daily processing capacity of 4,000 tons [5] Industry Trends - The average contract duration in the sanitation market is currently shortening, influenced by the pandemic, but is expected to lengthen in the future [4] - The company anticipates steady growth over the next 3-5 years due to the rapid marketization of sanitation services and the increasing demand for integrated sanitation contracts [6] Operational Management - The company employs a regional management model with 11 regions, each having dedicated market development and operational management teams [6] - Management expenses have increased due to the expansion of the company and the optimization of management structures, which is expected to enhance long-term profitability [6]