Zhongchuang(SZ:300056)2022-11-21 16:10Group 1: Business Strategy and Focus Areas - The company adheres to an "internal and external" development strategy, focusing on three main business segments: non-ferrous metal materials, filtration materials, and environmental governance [2][3]. - In the context of "carbon neutrality" and "carbon peak," the company emphasizes hazardous waste resource utilization, aiming to reduce and harmlessly process hazardous waste while extracting resources to produce recycled non-ferrous metals [2][3][6]. - In the first half of 2021, non-ferrous metal materials accounted for 69.52% of the company's total revenue [2]. Group 2: Financial Performance and Market Impact - The company's revenue for the first half of 2021 was 548 million, a decrease of 21.87% compared to 701 million in the same period last year, primarily due to the divestment of trading business [5][6]. - Despite the overall revenue decline, excluding the trading business, revenue grew by 112.85%, with significant growth in the non-ferrous metal materials segment [5][6]. - The company anticipates that the rising prices of bulk metals will positively impact production and sales, although it may compress profit margins due to increased upstream material costs [3][6]. Group 3: Project Developments and Future Plans - The company is progressing with the construction of the Jiangxi Naihwa project, expected to be operational in Q4 2021 [3][4]. - The company has secured three urban sanitation integration projects with a total bid amount of 105 million, generating an annualized revenue of 34.98 million [5]. - The company is actively expanding its hazardous waste business, with operations currently focused in Jiangxi, Jiangsu, Henan, and Shaanxi, and plans to extend to other provinces [4][5]. Group 4: Environmental and Regulatory Compliance - The company is committed to enhancing its ESG (Environmental, Social, and Governance) disclosures and is actively involved in the national hazardous waste management initiatives [6][7]. - The company is positioned to benefit from the upcoming upgraded pollution prevention initiatives, which are expected to expand market opportunities in the environmental sector [6][7]. Group 5: Leadership and Management Changes - The current acting general manager is Mr. Wang Guanghui, following the resignation of Ms. Xu Xiuli from the general manager position [4][8]. - The company is in the process of appointing a new general manager and will align talent acquisition with business development needs [8].