Securities code: Shenzhen Hongtao Group Co.Ltd(002325) securities abbreviation: Shenzhen Hongtao Group Co.Ltd(002325) bonds Code: 128013 bonds abbreviation: Hongtao convertible bonds Shenzhen Hongtao Group Co.Ltd(002325)
Record of investor relations activities
No.: 202205-19
□ specific object research □ analyst meeting
□ media interview □ performance briefing
Category of investor relations activities □ press conference □ Roadshow
□ site visit
□ others (please specify other activities in words)
See Annex 1 for the list of participants
Time: May 19, 2022
Location: Hongtao Industrial Park (No. 92, huanguan South Road, Guanlan, Longhua District, Shenzhen)
Form online combined with offline form
Receptionist of listed companies: Chairman Liu Nianxin, director and President Liu Wang, director and vice president and board secretary Su Yi, director and vice president Xu Yuzhu
Question 1: in recent years, the real estate industry has been in the doldrums and thunderstorms everywhere. Your company announced that it has entered the hydrogen energy industry. Are you not ready to wear public clothes after this transformation?
Reply: the company has a first-class brand and performance in the building decoration industry. In the future, it will continue to cultivate the building decoration industry, accelerate the construction of a new development pattern based on building decoration and focusing on hydrogen energy, realize the industrial upgrading of the company and promote the long-term development of the company. In recent years, the real estate industry has been in the doldrums and thundering constantly, but the company has adhered to the principle of "doing something and not doing something" in the process of marketing customers for many years, and has successfully avoided the recent thunderbolt real estate developers. So far, the company has no projects to cooperate with the thunderbolt real estate developers Do not hold commercial bills or accounts receivable issued or accepted by the blasting real estate developer.
Question 2: what is the opportunity for the company to cooperate with kaihaoda to develop hydrogen energy?
Reply: at the beginning of 2022, the company formulated a business strategy based on architectural decoration, actively expanding new business, exchanging contents and specific Q & A notes, and looking for new profit growth points. It coincided with the introduction of policy documents on hydrogen energy industry at the national and local levels to accelerate the development of China's hydrogen energy industry through encouragement and financial subsidy support. Through investigation and research, the company found that kaihaoda already has leading technology and mature products in the field of hydrogen energy. Through mutual understanding and discussion, the company and kaihaoda decided to establish a partnership, carry out in-depth cooperation in the field of hydrogen energy industry, integrate and give full play to their respective resource advantages, and realize complementary advantages, mutual benefit and win-win results.
Question 3: what is the future plan of "kaihaoda Hongtao hydrogen Valley"?
Reply: "kaihaoda Hongtao hydrogen Valley" has proposed a "123" layout plan, that is, one comprehensive energy station for hydrogen production, hydrogenation and power exchange, and two bases (International hydrogen energy equipment production base and international hydrogen energy community base), Three centers (International hydrogen energy production and Research Center, international smart spectrum and quantum technology production and Research Center, and international green zero carbon polymer new material production and Research Center). Question 4: can Hongtao and kaihaoda empower their customers?
Reply: at present, the hydrogen energy industry needs powerful architectural decoration companies to provide architectural decoration
As a leading enterprise in building decoration, Hongtao has the strength to provide building decoration business for hydrogen energy industry. At the same time, Hongtao can also use its own brand and customer resources to open up new markets and customers for kaihaoda. Question 5: Shenzhen Hongtao Group Co.Ltd(002325) what is the investment plan for the next three to five years in the hydrogen energy industry? What are the sources of investment funds? Reply: the company has 380000 square meters of industrial bases and 180000 square meters of industrial buildings in Shenzhen, Tianjin and Yunfu, and has a good foundation for the development of hydrogen energy industry. In the future, relying on the advantages of the joint venture in the R & D, demonstration and application of hydrogen energy technology, combined with the company's brand, infrastructure and other resource advantages, the company will actively participate in the promotion of hydrogen production and hydrogenation projects, production and sales projects of hydrogen production equipment and Application schemes of new hydrogen energy technologies, accelerate the expansion and layout of hydrogen energy source industry, promote the formation of new profit growth points of the company as soon as possible, and realize good social and economic benefits. In the next 3-5 years, the joint venture will successively build and put into operation three high-grade hydrogen Valley industrial parks in Shenzhen, Yunfu and Tianjin. At the same time, it will participate in the investment of large hydrogen production bases and integrated hydrogen production and hydrogenation demonstration stations. The joint venture will raise the required funds through the establishment of "double carbon" industrial fund and "green hydrogen" industrial fund, and strive for the special support of major project Industrial Fund of Shenzhen municipal government. Question 6: will your company position the future hydrogen energy business as a supplement to the decoration business or as a dual main business development? Will the hydrogen energy business affect the resource investment of decoration business? Reply: decoration business is the basic business of the company. In the future, the company will vigorously develop hydrogen energy business while maintaining the stable growth of decoration business.
Hydrogen energy business and decoration business are in the charge of different teams. They are a set of independent systems in terms of talents, funds, management and so on, which will not affect the resource investment of decoration business. Question 7: what is the company background and core advantages of the partner kaihaoda in the hydrogen energy industry? What is the current position of the industry? How is the current market expansion? Reply: kaihaoda hydrogen energy, founded in 2015, is a comprehensive high-tech enterprise focusing on the research and development of hydrogen energy technology, the production and sales of hydrogen production equipment, the investment of hydrogen energy projects and the cooperative development of hydrogen energy projects. It was approved as a national high-tech enterprise in 2019. Now it is the vice president unit of Shenzhen hydrogen energy and fuel cell association and the leading enterprise of Shenzhen hydrogen energy industry; The company focuses on the construction and operation of hydrogen production and hydrogenation integrated station and hydrogen production base for hydrogen fuel cell vehicles, and makes full use of its own hydrogen production technology advantages to provide all users with high-quality (hydrogen purity ≥ 999999%) and cheap hydrogen. Kaihaoda has the batch production capacity and delivery capacity of large, medium and small hydrogen production equipment. In 2021, it has successively won the bid for the Jilin Baicheng wind power project of CGN new energy and the integrated hydrogen production and hydrogenation station project of Mawan Power Plant. It has cooperated with local state-owned enterprises in Foshan to build a hydrogen production base with an investment scale of about 360 million yuan, and has supplied to Foshan Nanzhuang hydrogen station, Weifang oil and hydrogen joint construction station, Qinghai University cogeneration project CGN Haifeng hydrogen production project provides complete sets of equipment with corresponding specifications to complete equipment installation, test, acceptance and quality assurance services. Question 8: in terms of technology, the production cost of electrolytic water hydrogen production technology is lower than PEM (proton exchange membrane) hydrogen production technology, but in terms of comprehensive cost, it will be higher than PEM (proton exchange membrane) hydrogen production technology in the future. What do you think of these two technologies? Reply: hydrogen production from alkaline electrolyzed water and PEM have their own advantages and disadvantages, but compared with alkaline electrolyzer
PEM electrolyzer has the characteristics of high technical maturity, long equipment life, low cost and large scale of a single set of equipment. At present, alkaline electrolytic water hydrogen production is superior to PEM hydrogen production from the perspective of commercial application. It is not comprehensive to measure the advantages and disadvantages of the technical route only from a single index.
Question 9: what is the cost difference and decline rate between traditional hydrogen production and solar hydrogen production?
Reply: (1) the cost of hydrogen production from coal is 9-11 yuan / kg, which is the lowest cost hydrogen production route in China at present (when the price of coal is 550 yuan / ton);
(2) The cost of hydrogen production from natural gas is 20-24 yuan / kg (when the price of natural gas is 3.5 yuan / m3); (3) The cost of methanol hydrogen production is 23-25 yuan / kg (when the price of methanol is 3000 yuan / ton); (4) The average cost of industrial by-product hydrogen is 12-18 yuan / kg;
(5) The cost of hydrogen production from electrolytic water is 30-35 yuan / kg (when the power price is 0.6 yuan / kWh).
To sum up, methods (1) - (4) are traditional hydrogen production, and the cost of hydrogen production is determined by the cost of fossil energy. At present, the price of fossil energy increases greatly, and the cost of hydrogen production will continue to rise. With the further promotion of the national "double carbon" strategy, the carbon emission index is limited, the emission of wastewater, waste gas and waste residue from coal hydrogen production is large, and the investment in environmental protection is large, If hydrogen is produced alone, about 19-29kg of CO ν will be produced per kg of H ν. Considering that the carbon trading price in Beijing in 2018 is 50 yuan / ton, the hydrogen production cost will increase by 1-1.5 yuan / kg (hidden cost increase). So as to further raise the cost of hydrogen production from fossil energy.
Mode (5) hydrogen production from electrolytic water is solar hydrogen production. With the vigorous development of renewable energy, the cost of solar power will be greatly reduced. In terms of cost, when the electricity price is 0.3 yuan / kWh, the cost of hydrogen production from renewable energy is about 17.7 yuan / kg. If the electricity price of renewable energy is lower than 0.25 yuan / kWh, the cost of green hydrogen can be reduced to less than 15 yuan / kg, It will begin to have cost advantages. If the price of renewable energy is lower than 0.15 yuan / kWh, the cost of green hydrogen can be reduced to 8.25 yuan / kg. Therefore, with the decline of electricity cost per kilowatt hour of renewable energy and the appearance of large-scale benefits of hydrogen production, the cost of hydrogen production will further accelerate the decline. Hydrogen production from renewable energy is the production of green hydrogen. Green hydrogen can truly realize the green development of the whole industrial chain of hydrogen energy, which is the development trend in the future.
Question 10: is there a bottleneck in kaihaoda's hydrogen production technology?
Reply: at present, kaihaoda's hydrogen production technology from electrolytic water is at the leading level, and there is no bottleneck for the time being. Kaihaoda R & D team is still continuously optimizing the electrode, improving the hydrogen evolution efficiency, reducing the energy consumption of hydrogen production, improving the current density, and better adapting to the large-scale fluctuation of renewable energy. At the same time, it is also conducting research in reducing the equipment cost, so as to prepare for the subsequent large-scale commercial application.
In the course of this roadshow, the company strictly followed the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 - standardized operation of listed companies on the main board and other provisions,
