SYEP(SZ:300867)2022-11-21 05:32Business Overview - The company operates in three main business segments: waste-to-energy, wastewater treatment, and renewable energy [3] - Currently, there are 13 waste-to-energy projects and 5 wastewater treatment plants in operation [3] - The renewable energy segment includes 6 solar projects and ongoing development of offshore wind projects [3] Future Plans - The company aims to strengthen its core waste-to-energy business while aligning with national goals for carbon peak by 2030 and carbon neutrality by 2060 [3] - Plans to further develop solar and offshore wind energy projects are in place [3] Offshore Wind Energy Development - Fujian Province has a planned total installed capacity of 13.3 million kW for offshore wind energy, with 4.86 million kW already installed, ranking third in the country [4] - The province's development plan includes 17 wind farms and aims to develop 5 million kW of capacity in the Zhangzhou area [4] - The company is optimistic about the offshore wind energy market in Fujian and is actively tracking relevant policies [4] Waste-to-Energy Projects and Subsidies - In 2021, the company launched six new waste-to-energy projects, increasing waste processing capacity by 4,950 tons/day and installed capacity by 135 MW [5] - These projects are eligible for national subsidies and are expected to be included in the subsidy list in 2022 [5] Policy Changes and Impact - Recent changes in national subsidy policies for biomass power projects have been noted, with the company’s projects classified as non-competitive, thus maintaining a feed-in tariff of 0.65 CNY/kWh [5] - The impact of subsidy policy changes on the company's overall performance is expected to be minimal [5] Employee Stock Ownership Plan - The company launched its first employee stock ownership plan with a cap of 150 million CNY to enhance employee motivation and align interests [6] - The plan was approved by the shareholders and is currently in the implementation phase [6]