Hui Cheng Technology(300779)2023-10-25 09:31Group 1: Company Operations - The equipment for vanadium production has been delivered and is awaiting installation and commissioning for trial production [2] - The mixed waste plastic deep cracking project is progressing normally, with expert review expected to be completed this month [3] - The waste plastic cracking project will utilize both powder and sheet raw materials during the input process [3] Group 2: Market and Financial Insights - Currently, overseas orders account for approximately 50% of total orders, with a target of reaching 70% next year [3] - The new FCC catalyst project is currently in production, but its contribution to profits is limited due to the underutilization of older equipment and high investment costs [3] - The funding for the 200,000-ton waste plastic cracking project is fully prepared, with no immediate financing plans [3] Group 3: Strategic Partnerships - There has been deep communication with Saudi Aramco and Fujian United Petrochemical regarding potential collaboration on waste plastic projects, but no agreements have been signed yet [3]