标签归档 武汉品茶论坛

　　() The Record Form of Investor Relations Activities was released on April 13th, and the company was investigated by 34 institutions on April 13th, 2022. The types of institutions are insurance companies, others, fund companies, securities companies and sunshine private equity institutions.

　　The main contents of investor relations activities are introduced:

　　Q: What is the company’s layout of biodiesel in the next three years?

　　A: From the current open channels, many listed companies have proposed to expand their biodiesel business and planning. After investigation, they found that although many capacity plans have been made, many places are idle. The main reason is that the front-end source cannot be guaranteed, and the pretreatment needs oil raw materials as a stable source. If the raw materials are unstable, it is very likely to lead to overcapacity and idleness. The company believes that the stable sales of biodiesel can only be achieved if the upstream raw materials are stable, and the gross profit margin of all outsourcing fluctuates greatly. Biodiesel planning hopes to reach a scale of more than 300,000 tons in 2023.

　　Q: What is the plan of self-produced oil this year, next year and the year after, and what is the gross profit margin level?

　　A: Recently, due to the epidemic prevention and control in the project location, the collection, transportation and disposal of kitchen waste and oil production have been affected to some extent. Later, with the easing of the epidemic situation and the relaxation of prevention and control measures, the amount of self-produced oil will increase. According to the annual consolidated daily processing capacity of 3,000 tons and the conservative oil extraction rate of 4%, the annual self-produced oil is at the level of 40,000 to 50,000 tons, and the self-produced oil next year and the year after can be calculated according to the daily processing capacity and oil extraction rate of the company’s kitchen waste.

　　Based on the background that the current price of UCO exceeds 9,000 yuan/ton, government subsidies can basically cover the variable cost of collection, transportation and disposal, and the gross profit margin of self-produced oil can reach over 80%.

　　Q: Is there a specific source for the company’s planned daily handling capacity of 10,000 tons?

　　A: The company has disclosed that the daily processing scale of locked projects is above 4,500 tons, and it is expected that the daily processing scale will be above 6,000 tons by the end of this year. According to public data, the company’s scale has been in the first place, and it is basically dominated by provincial capitals and large and medium-sized cities. The daily processing capacity of 10,000 tons is the company’s three-year development plan. According to the pace of subsequent mergers and acquisitions, the layout of heavy assets will slow down when it reaches this volume, and the total number of high-quality projects is limited. The company will not ignore quality for the sake of scale, and the scale will be controlled as a whole.

　　Q: What is the cooperation between the company and Luke Company? Have you expanded other overseas customers?

　　A: At present, the export of UCO products is in short supply. Luke is the company’s first overseas contracted customer, and the goods handover and payment are normal at present.

　　The company is also further expanding overseas high-quality customers. Now it has signed an April oil sales contract with Argent Energy (Swire Group) and plans to cooperate with Kolmar Group AG (Koma Group) in oil sales.

　　Q: At present, the prices of UCO and biodiesel are at a high level. Is the price of biodiesel linked to the price of petroleum? What is the trend and tracking situation? If the UCO price falls, how will it affect the company’s profitability?

　　A: Biodiesel is based on the cost of raw materials, such as rapeseed oil, soybean oil and palm oil. At present, the prices of the above raw materials are at historical highs, and the correlation with the oil prices of gasoline and diesel raw materials is weak.

　　The high price of waste oil is mainly due to the short supply in Europe. Biodiesel processed from UCO has the largest carbon reduction value recognized in the world, and it can be processed into ester-based biodiesel and bio-aviation kerosene, which is favored by the market because of its low price. The European Union has enacted laws. After 2023, biomass diesel based on palm oil will be gradually restricted. At present, palm oil exports to the European Union account for a large proportion. In addition, the Russian-Ukrainian war has further pushed up the price of food crops. If this part is restricted, the waste oil with excellent carbon reduction effect is a good supplementary substitute. The main source of waste oils and fats is East Asia. It is estimated that the output of waste oils and fats in China will be more than 10 million tons, and even less can be recycled and processed into UCO and biomass diesel. So UCO is very scarce from the source. At present, the demand in Europe is rigid, so the company is cautiously optimistic about the UCO price.

　　Historically, the price of UCO is relatively high, and now it does not include 13% export tax rebate. The export price is about 1400 US dollars, and the domestic price is more than 9000 yuan/ton. When it exceeds the company’s M&A project, the boundary condition of internal investment calculation is that the UCO price is not more than 7,000 yuan/ton, which can meet the requirement that the total return on investment is not less than 8%. At present, the UCO shipping price is nearly 10,000 yuan/ton, which has a certain margin of safety and has little impact on the company’s profit.

　　Q: It is rumored that due to the Russian-Ukrainian war, the European biodiesel addition plan has been relaxed, which may bring about fluctuations in biodiesel prices. Does it affect the company?

　　A: Europe mainly uses rapeseed oil as raw material to produce biodiesel. Due to the Russian-Ukrainian war, the price of grain crops is at a high level at present. The increase in vegetable oil prices has led to an increase in biodiesel prices, because this part is mandatory to be added. The increase in biodiesel prices has also widened the price space for biodiesel produced from waste oils. Recently, the price of UCO is still rising, and the price of biodiesel has been rising. In April, the price including tax rebate was nearly 10,000 yuan/ton.

　　At present, the production of biodiesel with edible oil as raw material has a certain impact on food security. The waste oil that does not compete with human beings for food resources and has a very good carbon reduction effect is a good supplementary substitute. In the future, Europe may be more inclined to add biodiesel with waste oil as raw material in policy formulation or adjustment, which is very positive for the overall direction of the industry and has a positive impact on the company’s profit.

　　Q: I am concerned about the company’s acquisition of Tianjin Bihai and Chengdu projects. Due to the high purchase price of Tianjin Bihai, will the follow-up company have equity financing plans?

　　A: First, regarding M&A, in addition to Tianjin and Chengdu, several other transactions have been locked in, and the follow-up will come one after another. The company’s goal is to become a leader in the industry, and we need to occupy enough market share. Projects to acquire provincial capitals and large and medium-sized cities are still in progress, and there will be other projects in the future. We are confident to achieve the goal of locking in more than 6,000 tons by the end of this year;

　　Second, as for financing, how to choose the right way to pay the cash consideration at the right time, the current cash flow of the project is good in all aspects, and it is also in line with the direction of national credit. The funds focus on some arrangements in this industry, and the company will use multiple channels, such as bank financing, trust financing, off-balance sheet funds and other means. Equity financing is not the only choice, and the company will use various methods to solve the M&A funds;

　　The main business of Beiqing Huaneng Group Co., Ltd. is the harmless treatment and resource utilization of organic waste in urban and rural areas and the clean heating business in cities. The main services are harmless treatment and resource utilization in the field of organic solid waste, deep resource utilization of kitchen waste oil, and urban clean heating. The company is a leading enterprise in the field of investment and operation of organic solid waste in China, and it is also the only listed company in China that focuses on the resource utilization of kitchen waste.

　　Details of participating institutions are as follows:

At present, the domestic luxury series with relatively high popularity, the large car Hongqi Guoya, the overall price level, the 3.0t series model that appeared in the entry version, is expected to be sold at a price level of 1.1 million, which is on the high side among the large cars in the domestic market. Therefore, this model is called the most luxurious domestic car. You should know that this price is about 200,000 more expensive than the Mercedes-Benz S-Class, and this new generation of Hongqi Guoya series model, It is expected to be officially listed in the second half of the year. From the current heat, the overall competitiveness of the model is full, at least recognized by high-end consumers. In recent years, the recognition of domestic high-end consumers for domestic luxury series models has gradually increased, which can be seen from a series of new brands such as Ideal and Weilai Automobile.

Hongqi Guoya

At present, the 200,000-class household series vehicles have been greatly impacted by the new energy pure electric vehicles, but the top luxury vehicles are still the world of fuel vehicles. At present, the overall competitiveness of the top new energy pure electric series vehicles is much different from that of the fuel series vehicles, which can be seen from the performance of many new forces, luxury series and new energy vehicles.

Although many millions of new energy vehicles have been launched in the domestic market, the overall brand power and competitiveness are not ideal. They just need families, and the car performance is not bad. Because they just need family cars, the new energy series models have great advantages, and the overall car economy is relatively strong, and they are full of science and technology, but the top commercial models do not pay attention to the cost performance of the models.

At present, Hongqi not only owns Hongqi Guoya, a large luxury car, but also will soon launch Hongqi Guoli series. Hongqi Guoli series will be a niche luxury car, and the overall price level will be higher than Hongqi Guoya series, which is closer to the mainstream series of mass production series for most consumers, so this model will represent the top luxury series in China.

Recently, spy photos of the new plug-in hybrid version of the model were exposed. In terms of appearance, the car is not much different from the fuel version, only a charging interface is added to the rear fender on the main driver side and wheels with low wind resistance are equipped. It is reported that the new car’s WLTP operating condition pure electric battery life will reach 100km, which is jointly built on the PPC platform with the fuel version, and is expected to be jointly listed with the fuel version.

In the interior part, the new car adopts an 11.9-inch full LCD screen + 14.5-inch MMI touch screen OLED curved dual screen design, and the front of the passenger is equipped with a 10.9-inch entertainment screen for passengers to watch. The car system is Android Automotive OS, and the new car also provides 15-watt mobile phone wireless charging (with cooling system), 16-speaker Bang & Olufsen sound system, active noise reduction (VNC), adaptive driver assistance enhanced version, etc.

A significant other, designed for modern families, is about to open its pre-sale in the spotlight. This model is not just a car, it is a new carrier of family warmth and happiness, heralding the start of a new chapter in family travel.

From the exterior design to the interior layout, the Blue Electric E5 PLUS reveals a deep understanding of family travel. The body lines are smooth and powerful, and the unique body color shows more warmth and vitality in the sun, as if it is an extension of home, making every trip full of expectations. The interior space is spacious and bright, whether it is a large five-seat or seven-seat layout, it can meet the diverse travel needs of the family, so that every member can enjoy a comfortable ride experience.

In terms of performance, the blue electric E5 PLUS is also not to be underestimated. The high-efficiency power system on board ensures the stability and strength of the vehicle during driving, whether it is city shuttle or long-distance travel, it can be easily handled. At the same time, the advanced intelligent driver assistance system provides drivers with all-round safety, making family travel more secure and convenient.

As the pre-sale approaches, the Blue Electric E5 PLUS is gradually becoming the focus of the market. This model not only represents the deep care of the Blue Electric brand for family travel, but also reflects the brand’s accurate grasp of future travel trends. We believe that the pre-sale of the Blue Electric E5 PLUS will usher in a warm response, opening a new chapter of warm, convenient and high-quality travel for more families.

Let’s look forward to the grand opening of the pre-sale of the Blue Electric E5 PLUS and witness the bright debut of this new model of family travel. It will bring a better travel experience to every family with excellent performance, comfortable space and user-friendly design, so that the warmth and happiness of the home accompany every journey.

　　On November 8, Lantu Automobile officially announced its first electric hybrid sedan, Lantu Chasing Light PHEV. The new car is positioned as the "New Executive Electric Flagship", with the longest pure electric cruising range of the world’s new energy PHEV sedan at 262km under CLTC, and the second longest body width of the 1970mm global hybrid model. The vehicle has the advantages of super long battery life, strong efficiency, and luxury driving, which will refresh the driving experience of executive cars and create a new era of luxury hybrid.

　　262Km pure electric battery life + 1970mm vehicle width, refreshing the new experience of executive class cars

　　As the sales of hybrid models continue to rise in China, more and more consumers are more inclined to choose PHEV models. However, in the medium and large hybrid luxury car market, mainstream joint venture luxury brand models are limited by the "oil-to-electricity" model, and still have not escaped the shackles of fuel vehicles in terms of pure electric cruising range, comfort, safety, and intelligence. It is difficult to provide users with a true luxury executive-level PHEV car experience in the new energy era. And independent brands also have few models that can stand alone in this field. In order to fill this market gap, Lantu Chasing PHEV came at the right time.

　　In terms of battery life, the new car is equipped with a 43kWh large-capacity ternary lithium battery, and the CLTC pure electric cruising range reaches 262km. In contrast, the C-class PHEV sedan of the traditional luxury joint venture brand has only reached the highest pure electric cruising range of about 100km. Lantu Chasing Light PHEV’s 262km pure electric cruising range + 1260km comprehensive cruising range has not only set a new benchmark, but also officially kicked off the new era of luxury hybrid.

　　In terms of body size, the length, width and height of the chasing PHEV are 5088 * 1970 * 1515mm respectively, and the wheelbase is 3000mm, meeting the spacious and comfortable "executive-level" space standard. In particular, the world’s second-widest body width of 1970mm allows the widest use space inside the car to reach 1500mm. With the all-aluminum chassis only available in million-class models and the CDC + air suspension with magic carpet function, it can bring users a wide luxury and comfortable driving enjoyment.

　　New attractive force optical design, calm atmosphere and hard core safety

　　In appearance, the chasing light PHEV adopts a new attractive force optical design concept. On the basis of the front face of the Lantu family-style Kunpeng wing-spreading design, it adopts the vast star-style front grille design, equipped with starry headlights and Kunpeng day-through Akabane tail lights, dawn sweeping wing tailgate light group and Akabane beam of light tail light strip, as well as three optional wheels of flying wing light track/star ring speed/star feather light blue, and through the combination and change of light and body and interior lines, the overall shape movement of the Lantu chasing light PHEV is elegant, passionate and measured, highlighting the calm and fashionable design style.

　　In terms of safety, the yet-to-be-listed Lantu Chasing PHEV won the "2023 China’s Top Ten Body" award last week for its body-in-white body. Among them, two world-first and three world-leading body technologies allowed us to see Lantu’s leading strength in body development, vehicle safety, and manufacturing processes.

　　"Zhiwen CEO" is coming, opening a new era of luxury hybrid

　　It is worth mentioning that the Lantu Chasing Light PHEV has a product label of "Smart and Steady CEO", "Smart" means all-wise and all-powerful, Lantu Chasing Light PHEV has L2.9 level intelligent driving, intelligent multi-mode hybrid technology can support pure electric/range extension/high-speed hybrid direct drive and other power modes; "Stable" means stable sitting and walking, Lantu Chasing Light PHEV has a million-level magic carpet chassis and a state guest-level executive cockpit; "CEO" is the abbreviation of Chief (chief executive seat), Electric (strongest pure electric battery life) and Original (pioneering new administrative design), highlighting the core product strength of Lantu Chasing Light PHEV.

　　The wave of "New Four Modernizations" is sweeping, and the new era and great changes are stirring each other. As a "new strength in car making" in China’s new energy field, Lantu conforms to the development trend of new energy vehicles. Lantu Chasing Light PHEV surpasses traditional luxury with technological luxury, giving users a better intelligent experience and an advanced driving experience that surpasses traditional luxury, and will open a new era of luxury hybrid. It is reported that Lantu Chasing Light PHEV will be officially pre-sold at the Guangzhou Auto Show on November 17, which will definitely bring us more surprises. (Photo: courtesy of Lantu Automotive)