On the evening of April 29, Zhefu Holding Group Co.Ltd(002266) ( Zhefu Holding Group Co.Ltd(002266) ) released the annual report of 2021. Last year, the company achieved an operating revenue of 14.1 billion yuan, a year-on-year increase of 69%; The net profit was 2.3 billion yuan, a year-on-year increase of 69%; The net profit after deducting non-profit was 1.8 billion yuan, a year-on-year increase of 93%; The basic earnings per share is 0.43 yuan.
In recent years, Zhefu Holding Group Co.Ltd(002266) has continuously improved the strategic layout in the field of “green industry”. At present, it has become a large enterprise group with coordinated development of clean energy equipment business and environmental protection business. In terms of hazardous waste recycling, the company focuses on the field of harmless disposal and resource recycling of hazardous waste, and has a comprehensive hazardous waste treatment technology and facilities of the whole industrial chain integrating the front and rear ends of “collection storage harmless treatment resource deep processing” of hazardous waste; In terms of clean energy equipment, the company has industry-leading technology research and development, market development, product design and manufacturing capabilities in hydropower, nuclear power and other fields, and its products are exported to many overseas countries.
hazardous waste recycling business: rapid capacity expansion, forming a strategic card position nationwide
As the main implementing body of Zhefu Holding Group Co.Ltd(002266) hazardous waste recycling, Shenlian environmental protection group achieved an operating revenue of 13.1 billion yuan and a net profit of 2.066 billion yuan during the reporting period. The data also showed that last year, the company’s production and sales of recycled metal were 154900 tons and 157200 tons respectively, with a production and sales rate of 101.43%.
It is understood that Shenlian environmental protection group is a professional environmental service provider engaged in harmless treatment of hazardous wastes and recycling of renewable resources. It can adopt different technologies and processes for harmless treatment and resource utilization for different types of hazardous wastes, and realize the “tailor-made, dry and squeeze clean” of all kinds of hazardous wastes and general solid wastes.
According to the annual report, at present, there is only Zhefu Holding Group Co.Ltd(002266) one company in China that fully recycles hazardous wastes in the whole industrial chain and realizes the deep recycling of back-end polymetallic. Five indicators are far ahead: for example, there are 27 types of hazardous wastes that can be disposed of and 11 types of enriched metals; Shenneng’s environmental protection capacity utilization rate is as high as 90%; Recycled Tin Technology won the second prize of the national scientific and technological progress award. The recycled tin produced by the company has a national market share of more than 10%.
At present, Zhefu Holding Group Co.Ltd(002266) front end has an existing production capacity of 1.78 million tons, ranking first in the same industry. At the same time, the company is also actively expanding. At present, the capacity under construction and preparation involves: Chenzhou, Hunan (370000 tons, which has obtained the environmental assessment and land certificate in April 2020), Dalian, Liaoning (300000 tons, which has obtained the environmental assessment and land certificate in May 2021), Deyang, Sichuan (300000 tons, which is under development and has not obtained the environmental assessment), and the total capacity put into operation is 2.75 million tons.
Compared with the competitors in the industry, Zhefu Holding Group Co.Ltd(002266) has more eye-catching R & D investment. From 2017 to 2021, the company’s R & D expenses totaled 1.151 billion yuan, with an average expense rate of 4.47%, and 804 R & D personnel, higher than those of comparable companies in the industry.
At present, Zhefu Holding Group Co.Ltd(002266) is actively arranging the disposal market of waste liquid, waste residue and other hazardous wastes generated by the power battery recycling and disassembly unit. The capacity planning related to the material level of automotive lithium battery approved by the company through environmental impact assessment includes 15000 tons of refined nickel sulfate (Ni ≥ 22.0%), 15000 tons of refined cobalt sulfate (CO ≥ 20.5%) and 790 tons of lithium carbonate (Li2CO3 ≥ 98.5%). As of the disclosure date of this announcement, the “40000 t / a waste power battery disassembly project of new energy vehicles” planned by the company has been filed, 4 sets of waste power battery disassembly production lines have been added, and 40000 tons of waste power batteries of new energy vehicles have been disassembled annually.
In addition, during the reporting period, two national standards, GB / T 410152021 technical requirements for vitrification products of solid wastes and GB / T 410122021 technical specification for recycling of solid wastes containing colored metals, drafted and formulated with the participation of Shenlian environmental protection group, have been approved for release and implementation. With the release and implementation of the above national standards, the company’s hazardous waste harmless disposal and renewable metal resource recycling business will usher in better development opportunities.
clean energy equipment business: nearly 1 billion yuan of newly signed orders
Zhefu Holding Group Co.Ltd(002266) ‘s clean energy equipment business involves hydropower equipment and nuclear power equipment. Last year, the company signed new hydropower business orders totaling 394 million yuan; Newly signed nuclear power business orders totaled 593 million yuan.
Zhefu Holding Group Co.Ltd(002266) wholly owned subsidiary Zhefu hydropower is mainly engaged in the R & D, design, manufacturing and service of large and medium-sized complete sets of water turbine generator units, and the equipment and manufacturing capacity have reached the world-class level. During the reporting period, 3 sets of water turbine generator units of Minjiang longxikou project (section I bid) undertaken by Zhefu hydropower have been manufactured.
It is worth noting that Zhefu Holding Group Co.Ltd(002266) , which started with hydropower business, is actively laying out pumped storage business. As of the disclosure date of the report, the company has respectively signed the strategic cooperation framework agreement with China Three Gorges Construction Engineering (Group) Co., Ltd. and Huaneng (Zhejiang) Energy Development Co., Ltd., established a close strategic cooperation partnership around the national development strategy of energy structure transformation in the 14th five year plan, and deepened all-round cooperation in pumped storage, conventional hydropower, nuclear power, hazardous waste treatment, new energy and scientific and technological innovation.
In terms of nuclear power business, Huadu Company, a subsidiary of Zhefu Holding Group Co.Ltd(002266) is one of the main design manufacturers of control rod drive mechanisms for nuclear reactor primary components in China. It is also the only supplier of “hualong-1” control rod drive mechanisms, a “third-generation” nuclear power technology with independent intellectual property rights, with the “the Belt and Road” going abroad.
During the reporting period, the world’s first reactor of “Hualong 1” – Fuqing nuclear power unit 5, which was contracted by Huadu Company for the control rod drive mechanism, was officially put into commercial operation on January 30, 2021, and the overseas first reactor of “Hualong 1” – Karachi K2 unit in Pakistan was connected to the grid in March 2021, realizing a major leap in China National Nuclear Power Co.Ltd(601985) development, marking that China ranks among the world’s leaders in the field of nuclear power technology.
Zhefu Holding Group Co.Ltd(002266) believes that nuclear power, as a stable low-carbon and efficient base load power supply, will play an important role in the future energy system. In 2021, five new units have been started in China, the policy of active and orderly development is being gradually fulfilled, and the prosperity of the whole nuclear power industry chain is expected to pick up.
