M&AThe first atmosphere,The first environmental protectionJoin the “atmosphere plate” to provide support for the full element services of “water, solids, gas, energy, and ecology”. 2021performanceexchange meeting,The first environmental protection(600008.SH) Chairman Liu Yongzheng said that Capital Atmosphere not only fills the gap in the company’s “gas” business, but its asset-light capability plays a role in promoting the company’s other businesses, which is in line with the company’s development path of equal importance.
Water and solid business areThe first environmental protectionThe main asset-heavy business, the profit generated by the two businesses exceeds 75% of the company’s total profit.The implementation of the new urban water supply regulations has led to the adjustment of water prices in different regions, which has prompted the marginal improvement of the water industry. The first environmental protection urban water business benefited from the rise in water prices and water volumes, which will be realized in 2021.Operating incomeA year-on-year increase of 22.34% and a year-on-year increase of 76.79% in profit.
According to the general manager of Beijing Capital Environmental Protection, on the basis of the existing 10.2823 million tons/day water supply capacity and 14.714 million tons/day sewage treatment capacity, the company is building and preparing to build a water supply and sewage treatment capacity of 9.8459 million tons/day.
The company’s solid waste (incineration) business has grown strongly. During the reporting period, the operating income increased by 44.57% year-on-year, and the profit increased by 52.04% year-on-year. It is expected that 11 incineration and solid waste projects will be put into operation from 2022 to 2023. In response to the investor’s question about whether the profitability of the solid waste (incineration) field has reached the peak, the first environmental protection explanation is that there is still room for improvement in the management and technical level of incineration power generation. On-grid electricity has increased by 12%.
At present, the marketization of sanitation business is broad, and the marketization rate in recent years is 55% to 60%. Capital Environmental Protection stated that the company has fully utilized its synergistic advantages to achieve rapid deployment of sanitation business. At present, the company has tracked a total of 22 sanitation projects, of which 15 projects have entered substantial In the implementation stage, four sanitation projects have been launched in the first quarter of 2022.
In the emerging business field, the company initiated the landfill remediation/soil remediation business in the environmental protection bureau, focusing on tracking 30 projects, 6 orders in hand,contractThe amount exceeds 110 million yuan. Merger and acquisition of Capital Atmosphere, Capital Environmental Protection joined the “Atmosphere Sector” to provide support for the all-factor service of “water, solids, gas, energy, and ecology”. In addition, the company strategically deploys dual-carbon related businesses, providing comprehensive carbon asset solutions and carbon neutral system solutions.
Regarding the company’s issuance of the first batch of domestic publicly offered REITs in 2021, Fuguo Capital Water REIT (508006.SH), an investor asked whether the company has other REITs issuance plans in the future. Liu Qiao, an independent director of Capital Environmental Protection, responded that in the country “dual carbon policy” During this period, the company may issue other REITs in the future.
(Article source: Financial Associated Press)