CEEP(SZ:300172)2022-12-06 08:42Group 1: Company Overview - Zhongdian Environmental Protection is a comprehensive solution provider for industrial and urban environmental protection, focusing on four main areas: industrial water treatment, municipal wastewater treatment, solid waste treatment, and flue gas governance [2][3]. - The company has a competitive edge in the industrial water treatment sector, particularly in the nuclear power market, positioning itself among the market leaders [3]. - In municipal wastewater treatment, the company offers integrated services including EPC, BOO, BOT, and PPP models, showcasing significant comprehensive advantages [3]. Group 2: Business Models and Innovations - The company has successfully developed a new business model combining "sludge drying + power plant co-generation," with few competitors in this space [3]. - In flue gas governance, the company utilizes advanced technologies for ultra-low emissions, providing comprehensive services for industries such as thermal power and metallurgy [3]. - The company is committed to technological innovation, focusing on high-tech, high-value-added solutions in wastewater zero discharge and solid waste resource utilization [4]. Group 3: Opportunities from Supply-Side Reform - The environmental protection sector is seen as a potential growth point amid economic challenges, with the Ministry of Environmental Protection issuing 18 measures to support supply-side structural reform [4]. - The company aims to leverage its integrated service capabilities to provide high-quality "third-party governance" services for environmental pollution, aligning with the increasing demand for environmental infrastructure projects [4][5]. - The focus on industrial pollution source governance through third-party operations is expected to create new profit growth opportunities for the company [4]. Group 4: Market Expansion and PPP Models - The company is expanding its market presence in areas such as industrial wastewater treatment upgrades, industrial water reuse, and ultra-low emission flue gas treatment, which align with industry development needs [4]. - The implementation of PPP models in municipal wastewater treatment and sludge disposal is ongoing, although challenges such as long project approval cycles remain [5]. - The company is strategically selecting controllable risk projects for its PPP business, aiming to enhance service quality for government clients [5].