标签归档 武汉桑拿论坛

　　() 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:

To say that the competition in the new energy vehicle market today is actually fierce, many brands have launched their own competitive models in order to occupy a place in the market, even Aouita Jiyue is no exception. As the leader of domestic independent brands, in order to compete for the market of 200,000-300,000 yuan household SUVs, they have launched pure electric versions and. The two models have their own merits, so let’s look at the strength of these two models through various aspects today.

Less is more.

Aouita’s models all adopt the future aesthetic design, so Aouita 07 is no exception. Its axle length ratio is 0.61, width-height ratio is 1.23, and wheel-height ratio is 0.48, which also makes this car achieve the golden ratio of body posture. Moreover, it adopts butterfly-wing front face, star-track streamer taillights, interactive screen, ultra-clear electronic exterior rearview mirror, 21-inch wheel hub and so on in appearance design, which shows Aouita 07′ s pursuit of future science and technology. However, this car does not have a large-scale design to reduce wind resistance, so its wind resistance coefficient is 0.259Cd.

As a household SUV jointly built by Geely and Baidu, the appearance of the Extreme Yue 01 is quite unique. The overall design of AI empowerment is adopted, and "less is more" is clearly revealed. Smart eye interactive headlights are 15mm*80mm ultra-thin far and near light module size, which looks sharper and deeper. Moreover, the car body is designed with low wind resistance in a large area, such as front and rear diversion grooves, hidden door handles, active lifting tail fins, etc., which can enhance the requirements of the vehicle for downward pressure, so with the blessing of various functions, the wind resistance coefficient of this car is only 0.249Cd. Therefore, Extreme Yue 01 is characterized by sports. For most car buyers now, it is 90 and 00. Later, the concept of sports is more dominant.

Non-split screen integration

The interior of Aouita 07 is generally designed as "urban first class", with four large screens in the car, which can realize linkage function, and there is still an embracing experience. Although the size of the 35.4-inch remote screen is bright, it is slender as a whole, and the actual visual perception is slightly insufficient. The front seat is a double zero-gravity seat, which can achieve 120 lying posture, and the seat is more effective in supporting the human body through the superposition of ten layers of comfortable structures.

The interior of Extreme Yue 01 accords with the title of "automobile robot", and the U-shaped steering wheel has a unique shape, which can prevent the information on the big screen from being blocked. With pulley-type multi-function buttons on both sides, it is easier to operate. The resolution of the 35.6-inch central control screen has reached 6K ultra-clear. In the current market, it can be regarded as an integrated large screen with the largest size, the narrowest frame and no separation. The seat adopts the "Moon Gravity" seat, adopts the Nappa full-grain leather sports seat, and has a smooth touch and a main driver’s headrest cockpit, which makes the immersive driving experience feel stronger.

AI’s "instinctive"

Aouita 07 still uses the family-style HarmonyOS cockpit, which has traditional voice recognition functions, including but not limited to the functions of regional voice wake-up, continuous voice recognition, visible-to-talk and so on. The recognition speed is fast and the accuracy is high, and there is not too much "personification", but it is still no problem for daily driving. The vehicle also supports the automatic transmission of mobile phone data by touching the central control screen when opening navigation, Huawei video, music and other applications, and the use of mobile phones and vehicles will be more flexible.

Extreme Yue 01 creates an "instinctive" human-vehicle communication experience through AI, and through the empowerment of the AI ? ? big model, the car machine has a "human thinking". When communicating with the car machine, it will not feel like a cold machine, and the interaction process will be more natural. Moreover, even when we are outside the car, we can interact with SIMO voice assistant smoothly, and even when there is a weak network or no network, it will not be delayed, and we can achieve 500ms of hearing and moving. Of course, while completing these functions, it is naturally inseparable from Qualcomm Snapdragon 8295P super flagship chip. After all, its computing power is eight times that of Qualcomm Snapdragon 8155 chip, which can make speech recognition faster, the big screen smoother and the whole cabin experience more immersive.

2000 km intelligent driving, showing stability

Aouita 07 adopts Huawei Gankun Intelligent Driving ADS 3.0 system, and the whole vehicle has 27 high-perception hardware. Through the brand-new end-to-end architecture, the vehicle can learn the driving decision-making mode independently. Moreover, its sensing hardware, including a 192-line lidar, can build a multi-layer stereoscopic sensing system, so it can make the whole vehicle have stronger sensing ability and faster response. It has a number of intelligent driving assistance functions, among which the function of "parking away from the car" is quite distinctive, which can solve the "last meter" problem for drivers, and the parking recognition accuracy is high, and the safety is still trustworthy.

Extreme Yue 01 is adopted.ASD Apollo is a high-order intelligent driver, and its whole is a high-pixel camera, a variety of radars and other sensing hardware. The intelligent driving system of Jiyue 01 is based on Baidu Apollo L4 automatic driving technology, which can integrate the empowerment of Baidu AI, and enable vehicles to realize many intelligent driving functions such as high-speed/elevated/urban navigation assistance, automatic parking assistance, lane change warning, etc. The accuracy of road identification is high, and the situation is basically zero error. Some time ago, Xia Yiping, CEO of Extreme Vietnam, challenged the 2000-kilometer intelligent driving, which also confirmed this view.Xia Yiping drove Ji Yue 01 and Ji Yue 07 from Chengdu, passing through Guizhou, Guangxi, Jiangxi and other provinces, and finally arrived in Xiamen. Friends who are familiar with the terrain know that the roads in these provinces are relatively complicated, with mountains, gullies, potholes and other road conditions, and the altitude fluctuation is still relatively large. After 24 hours of non-sleep and uninterrupted driving, the proportion of intelligent driving in the whole process of Extreme Yue 01 is 99.5%, and the user does not need to take over almost the whole process, which shows the stability of extremely intelligent driving. After all,P3, a well-known German automobile consulting company, made a comprehensive evaluation of the intelligent driving system of electric vehicles, and Extreme Yue occupied the second place in the ranking.

"Integration of people and cars" is the essence of sports cars.

Aouita 07 is a Taihang intelligent driving chassis. Its front double wishbone rear multi-link suspension can make the steering more accurate, dynamic and stable while occupying less space, and has high tracking performance. It can better maintain the stable posture of the car body in the case of sharp bends or big bends, and effectively prevent the occurrence of vehicle rollover. It also has intelligent air spring and CDC dynamic damping shock absorber, which can automatically adjust the height and hardness of suspension according to road conditions and driving modes, filter the road feeling of bumpy road sections more effectively, and improve the driving experience.

Extreme Yue 01 is a highly original Geely SEA architecture which was born in hardware layer, system layer and ecological layer. It adopts an all-aluminum front double wishbone and rear multi-link suspension. This suspension system is basically only reflected in luxury models. It cooperates with iRTD real-time damping adjustable shock absorption system with millisecond detection and response capability of 500 times per second, which can effectively provide vehicle handling. And his two-wheel drive/four-wheel drive can complete millisecond switching, and with Brembo four-piston high-performance sports calipers, the sports attributes of this car will be "a step", which will enable users who like sports to find the texture of "integration of people and cars".

Safety is the focus of the car.

Aouita 07 adopted a high-rigidity body structure with six horizontal and nine vertical directions, and the proportion of high-strength steel and aluminum alloy body reached 90%, while the strength of steel reached 15000MPa. In addition, its front engine room and rear floor all adopt double-integrated die-casting technology, which can improve the torsional stiffness by 47%, bending stiffness by 36% and impact energy absorption by 54%, which can better achieve the effect of energy absorption.

Extreme Yue 01 also attaches great importance to safety. It combines a variety of high-strength materials to make the body material more rigid. Its A-pillar is made of 2000Mpa hot-formed steel, and its B-pillar is made of TWB laser tailor welded blanks and TRB variable thickness rolled plates, which can absorb the collision energy to the maximum extent and ensure the driving safety of passengers in the cabin. Moreover, its torsional stiffness is close to 40000Nm/Deg, and it is in a leading position in the same class. Therefore, in the C-NCAP crash test, it won a five-star safety rating.

Price:According to the official data, we can see that the official guide price of Aouita 07 pure electric version is 229,900-289,900 yuan, and the official guide price of Extreme Yue 01 is 219,900-309,900 yuan. It can be seen that the lowest price given by Extreme Yue 01 is more favorable than that given by Aouita. Moreover, the November policy of Chaoyue 01 has also been updated, adding 5,000 points for double 11 time-limited single-locking ceremony and 15,000 yuan replacement subsidy, and applying official and unofficial replacement and 7kW home charging service package at a time-limited preferential price of 2,999 yuan. From this point of view, the Extreme Yue 01 is a model worth buying.

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.