Sinoma-ec/SEC(603126)2022-11-29 09:24Group 1: Research Overview - Research Date: November 29, 2022 [2] - Research Format: Online meeting [2] - Participating Institutions: Notable firms include CITIC Securities, Galaxy Securities, and others [2] - Company Representatives: Chairman Meng Qinglin, Vice President Huang Jianfeng, and CFO Jiao Erwei among others [2] Group 2: Company Performance and Strategy - Q3 2022 Net Profit: Achieved 125 million CNY, a year-on-year increase of 16.74% [3] - Focus Areas: Emphasis on green low-carbon initiatives, energy-saving environmental projects, and equipment manufacturing during the 14th Five-Year Plan [3] Group 3: Investor Inquiries and Responses - Stock Option Plan Impact: Aims to enhance corporate governance and motivate key personnel [4] - Corporate Governance Practices: Recognized as a model enterprise by the State-owned Assets Supervision and Administration Commission, with a robust governance framework [4] - Credit Impairment Losses: Implemented measures to reduce losses, including establishing a debt collection team and enhancing credit management [4] - "Zero External Power Purchase" Project: Involves multiple energy sources and aims for technological advancements in cement production [4][5] Group 4: Business Models and Future Plans - BOOT/EMC Model: 21 contracts signed under these energy service models, focusing on energy efficiency [6] - Carbon Reduction Initiatives: Plans to enhance waste heat power generation and collaborate on green hydrogen research [6] Group 5: Risk Advisory - Investment Caution: The company advises investors to be aware that discussions during the research do not constitute binding commitments [7]