Securities code: Zhejiang Weiming Environment Protection Co.Ltd(603568) securities abbreviation: Zhejiang Weiming Environment Protection Co.Ltd(603568)
Zhejiang Weiming Environment Protection Co.Ltd(603568)
Record of investor relations activities
No.: 202202
□ specific object research □ analyst meeting
□ media interview □ performance briefing
Investor relations □ press conference □ Roadshow
Activity category
□ site visit □ one-to-one communication
□ others (teleconference, online conference)
Time: 17:00-18:00 PM conference call on March 15, 2022
20:00-21:00 PM conference call on March 6, 2022
China Industrial Securities Co.Ltd(601377) , Orient Securities Company Limited(600958) , Soochow Securities Co.Ltd(601555) , Harvest Fund, life assets, Dongxing fund, Donghai fund, Zheshang fund, Southwest Securities Co.Ltd(600369) self operated, Huabao trust, Fosun investment, Ruiyuan fund, Shangjin investment, Ruiyi investment, Xingzheng global, Hengsheng fund, Zhuhai trillion capital, participating unit Mingbao pension, Great Wall Fund Guohai Franklin, monarch endowment management, huitianfu fund, Fengyi investment fund, fund, Fu Anda fund, Shenzhen Rui Fu information management, Shanxi Securities Co.Ltd(002500) information management, red earth innovation fund, Minsheng silver, Western Securities Co.Ltd(002673) self run, Hua Bao fund, Hui'an fund, happy life insurance, Huaxia long surplus, South Fund, Annwa agricultural insurance, Zhonghai fund, Boc International (China) Co.Ltd(601696) asset management, Shanghai shangya investment, Pengyang fund, Dongzheng asset management, Huaxia Fund
RECEPTIONIST: Vice President, board secretary, chief financial officer and relevant personnel of Board Secretary Office
1. How is the company doing this year
Since the beginning of this year, the operation of various waste treatment projects has been stable, and the projects under construction have been promoted normally. Ningdu project realized grid connected power generation of one boiler and one machine in January. Yongqiang kitchen waste treatment project, Pingquan domestic waste incineration power generation project and Longnan waste incineration power generation project have successfully signed a franchise Investor Relations Agreement. The waste treatment scale of the above projects totals 1900 tons / day, which has newly entered the main waste activities in Gansu Province
Introduce the processing market. Shengyun environmental protection completed 51% equity change registration and Guoyuan environmental protection completed industrial and commercial change registration. The company has fully participated in the operation and management of the above two companies.
2. Please introduce the business plan and Prospect of the company in 2022
In 2021, the company put into operation a number of new projects and completed the two projects of Shengyun environmental protection and Guoyuan environmental protection at the same time
After the merger and acquisition of the company, it is expected that in 2022, the company's waste disposal capacity and online power will reach a new record, and the company's project operation revenue will also increase. According to the current project construction of the company, it is planned to add more than 10 waste incineration grid connected projects within this year. The operation and construction of the above projects will lay a solid foundation for the company to achieve excellent performance this year. The specific business plan will be further disclosed in the 2021 annual report.
3. Has the recent epidemic affected the company's production and operation
The company's garbage disposal business is less cyclical and its business model is stable, so it is not vulnerable to external factors. At present, there is no epidemic or controllable epidemic in the areas where the subordinate operation and construction projects belong, and the overall operation of the company is not affected by the recent epidemic in China.
4. How about the promotion of the company's convertible bond financing plan
The latest phase of the company's convertible bond financing plan has been approved by the board of directors and the general meeting of shareholders in the normal process of promotion, and the review of the convertible bond financing plan has been actively promoted in the follow-up.
5. Latest operation of Shengyun environmental protection
The company has completed the re-election of the senior management team of Shengyun environmental protection in February, and has been fully involved in the operation and management of Shengyun environmental protection. On the one hand, stabilize the production of five subordinate operating power plants, and promote the technical transformation and expansion of the project to meet the waste treatment service needs of the project area. On the other hand, we should speed up the reconstruction of the management system and business recovery of the headquarters and its subordinate equipment companies, consider revitalizing the temporarily idle real estate, equipment, vehicles, office furniture and other assets by leasing and selling, and actively carry out the work of increasing income and reducing expenditure. Shengyun's environmental protection operation is constantly improving.
6. Layout direction of the company's waste incineration power generation business during the 14th Five Year Plan Period
At present, the company's projects in hand are distributed all over the country, among which the projects put into operation in Zhejiang Province account for a relatively high proportion. During the 14th Five Year Plan period, there are many opportunities for new projects in the central and western regions. The company will focus on projects with a daily processing scale of more than 500 tons. In addition, the company's current project expansion team is also a national layout. At the same time, with the help of the existing resources of Shengyun environmental protection and Guoyuan environmental protection, the company will increase the market expansion coverage of national waste incineration power generation projects, and will consider making more changes to the market stock projects if possible
Integration.
7. Operation rhythm of the company's 40000 ton high matte nickel project
The 40000 ton high matte nickel project of the company is planned to be put into operation in stages. At present, the project is in the early stage of foreign investment and construction approval. After the project has obtained various government approval documents, it is hoped that the project construction will be completed and put into operation in about one year.
8. What role does the company play in the cooperation of high matte nickel project
At present, the company has a certain understanding of high matte nickel production and equipment manufacturing. As the controlling party of the project, the company will lead the project management and technical support. In terms of high matte nickel production technology and process equipment, the company will focus on R & D, optimize the production process and reduce the production cost. The company expects to independently develop corresponding production equipment and form its own equipment manufacturing capacity in the process of project construction, so as to form a benign upstream and downstream industrial chain pattern.
9. What is the profitability of the company's high matte nickel project under the condition of nickel price fluctuation
The global nickel price has been rising since the end of last year. In mid December last year, the price was about 20000 US dollars per ton. Now it is further rising, which is helpful to improve the gross profit of high matte nickel projects. If the future price falls back to the range of US $10000 to US $20000 per ton, the profitability of the project will still be guaranteed, and the profit space will ultimately be determined by the production cost. 10. How to plan the investment funds of the company's high matte nickel project
The asset liability ratio of the company is low. The data disclosed at the end of the third quarter of 2021 shows that the asset liability ratio is less than 50%. With the completion of the conversion of convertible bonds into shares in the fourth quarter, the liability ratio further decreases. The waste incineration project that the company commissioned last year will enter into formal operation this year, which will further increase the company's cash inflow. In addition, the company recently launched a new round of convertible bond issuance plan. In this case, the company considers to invest some funds in the new energy field in the future, and the high matte nickel project is a joint venture project, and the external market financing is also convenient. In general, the fund demand of the company's high matte nickel project in this period can be reasonably arranged.
