SYEP(300867)2023-05-19 08:19Group 1: Business Strategy and Development - The company focuses on the development of its core business in waste incineration power generation, continuously expanding its scale through new projects and acquisitions [1] - The company aims to enhance operational capabilities and profitability by deepening the solid waste industry chain layout and promoting regional waste management [2] - New project development considers financial indicators such as project scale, investment return rate, and payback period, along with local economic factors [2] Group 2: Project Expansion and Achievements - In 2022, the company expanded its waste disposal projects in various locations, including Putian, Liangshan, and Juye, with significant growth in industrial solid waste disposal [2] - The company has launched kitchen waste projects in Quanzhou and Jiangsu, with ongoing construction in Putian [2] - The overall capacity utilization rate of the company's waste incineration power plants exceeded 96% in 2022, indicating high operational efficiency [2] Group 3: National Subsidy and Future Prospects - Eight waste incineration projects are yet to be included in the national subsidy list, with the earliest production date being March 2021 [3] - The company will announce updates regarding the inclusion of these projects in the national subsidy list after the relevant announcements from the State Grid [3] - The solid waste business is not in decline but continues to show growth, with stable increases in waste processing and power generation volumes [4] Group 4: Hydrogen Storage and Biomass Hydrogen Production - The company is developing solid-state hydrogen storage products, which offer safety and low-pressure advantages compared to traditional methods [4] - The application scenarios for solid-state hydrogen storage include various transportation sectors and hydrogen stations [4] - The company is pursuing both fermentation and high-temperature gasification methods for biomass hydrogen production, leveraging its kitchen waste projects [4][5]