Environmental protection gem IPO meeting: focus on garbage power generation, Chinese Academy of Sciences plus

2022-07-10 0 By

With the background of the Chinese Academy of Sciences, the waste power enterprise — Beijing Zhongke Runyu Environmental Protection Technology Co., LTD. (abbreviated, Zhongke Environmental Protection) science and technology innovation board was approved for the first time.On January 27, the results of the 5th deliberation meeting of the Gem Listing Committee of Shenzhen Stock Exchange in 2022 were announced. The IPO of Sinotech Environmental Protection was approved, and the sponsor was Citic Securities.Zhongke Environmental protection intends to raise 1.19 billion yuan, of which 340 million yuan is planned to be used for jincheng urban household garbage incineration power generation project, 250 million yuan is planned to be used for the government and social capital cooperation mode to build mianyang second household garbage incineration power generation project, 350 million yuan is planned to be used for The Sea urban household garbage incineration power generation project,$250 million will be used to replenish working capital and repay debt.According to the prospectus, CSEC is an environmental protection industry platform led by scientific and technological innovation of the Chinese Academy of Sciences.From the perspective of equity structure, Zhongke Industrial Group (Holding) Co., LTD. (hereinafter referred to as zhongke Group) directly holds 76.95% shares of Zhongke Environmental Protection.CSC group is a large high-tech enterprise group established under the principle of “one academy, two systems” of cas.The Chinese Academy of Sciences Holdings Co., LTD. (hereinafter referred to as SKE Holdings), a wholly owned subsidiary of CAS, holds 67.50% of the equity of SKE Group and is the actual controller of the company.The prospectus shows that from 2018 to the first half of 2021, The performance of Zhongke Environmental protection has grown faster, the reporting period respectively achieved revenue of 534 million yuan, 604 million yuan, 686 million yuan and 673 million yuan, net profit of 77.5508 million yuan, 111 million yuan, 155 million yuan and 108 million yuan.Prospectus is expected, in 2021 environmental protection is expected to achieve revenue 1.633 billion yuan – 1.855 billion yuan, year-on-year growth of 137.83%-170.26%;Deduction of non-return parent net profit is expected to be 154 million yuan – 180 million yuan, year-on-year growth of 25.02%-45.86%.Centering on the domestic waste incineration and power generation business, ZHONGke Environmental Protection has formed a business structure with the domestic waste treatment business as the core, actively expanding the hazardous waste treatment and disposal business, and promoting the coordinated development of environmental protection equipment sales and technical services.Specifically, during the reporting period, the company’s main business income mainly comes from domestic waste incineration power generation business, accounting for 90.15%, 90.66%, 91.27% and 49.95% respectively from 2018 to the first half of 2021. Among them, the decrease in the first half of 2021 is mainly influenced by project construction business.Excluding the project construction business, the domestic waste incineration power generation business still accounts for more than 90% of the income.As of the signing date of this prospectus, SINOtech Environmental Protection has signed 7 franchise agreements for domestic waste incineration power generation projects, with a total allowable waste treatment capacity of 9,050 tons/day, and a project processing capacity of 5,450 tons/day that has been put into operation.From the perspective of R&D investment, THE R&D investment of CSEC from 2018 to the first half of 2021 was 9.3351 million yuan, 6.903 million yuan, 8.8667 million yuan and 3.3291 million yuan respectively, accounting for 1.75%, 1.14%, 1.29% and 0.49% of the total revenue respectively, close to the average level of the industry.Founded on May 24, 2012, Zhongke Environmental Protection co., Ltd. is one of the earliest domestic enterprises engaged in the industrialization of household garbage incineration and power generation. It belongs to environmental protection and is also one of the enterprises that deeply promote domestic household garbage incineration technology and realize the expansion of hazardous waste treatment and disposal field.On December 29, 2020, Sinotech Applied for A share listing.In March 2021, THE IPO status of Zhongke Environmental Protection was suspended because it updated its financial information and took the initiative to apply for suspension of issuance.In July of that year, shenzhen Stock Exchange resumed the company’s IPO listing audit.According to the prospectus, Sun Yuping, a key driver of The IPO process, left the company on September 30, 2021, serving as deputy general manager, chief financial officer and secretary of the board.Policy support and technical development are the key to the development of waste incineration power generation industry.In recent years, governments at all levels have introduced a series of supportive policies in industrial planning and power sales.In May 2021, the National Development and Reform Commission and the Ministry of Housing and Urban-Rural Development issued the Development Plan for Urban Household Garbage Classification and Treatment Facilities during the 14th Five-year Plan period. By the end of 2025, the incineration and treatment capacity of urban household garbage will reach about 800,000 tons per day, accounting for about 65% of the total.China’s waste incineration industry started late, and many key technologies are formed through the introduction of foreign advanced equipment or the localization of advanced technology. With the background of the Chinese Academy of Sciences, China Environmental Protection Is expected in terms of technology.(This article is from thepaper.cn. For more original news, please download thepaper.cn APP.)