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Public company info - Datang Environment Industry Group Co. Ltd.-H shares , 01272.HK
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Datang Environment Industry Group Co. Ltd.-H shares, 01272.HK - Company Profile
Chairman Qu Bo
Share Issued (share) 624,000,000
Par Currency Renminbi
Par Value 1.0
Industry Environmental Goods
Corporate Profile Business Summary: The principal business of the Group includes environmental protection facility concession operation, denitrification catalysts, environmental protection facilities engineering, water treatment business, energy conservation business and renewable energy engineering business. Performance for the year: The Group’s revenue decreased by 25.3% from RMB8,588.1 million in 2018 to RMB6,414.6 million in 2019. The Group’s profit for 2019 amounted to RMB245.4 million, representing a decrease of RMB537.8 million as compared with RMB783.2 million in 2018. Profit attributable to owners of the parent amounted to RMB218.9 million. Business Review In 2019, the Group recorded steady development in each business segment and maintained the leading position in business segments of environmental protection facilities concession operation and denitrification catalysts. According to the statistics published by China Electricity Council (“CEC”), based on the cumulative installed capacity in operation as of the end of 2019, the Group remained as the PRC’s largest flue gas desulfurization and denitrification concession operator. Based on the total output of denitrification catalysts in 2019, the Group remained as the PRC’s largest producer of denitrification catalysts. In 2019, the Group won four projects tendering in operating market of environmental protection facilities outside the system of China Datang Group in respect of its environmental protection facilities concession operation business, achieving market breakthroughs. While consolidating its leading position in the environmental protection field of thermal power segment, the Group actively developed environmental protection businesses in steel, cement, metallurgy and other non-electric fields to expand its business scope and influence. 1.Environmental Protection and Energy Conservation Business 1.1. Environmental protection facility concession operation business The Group’s environmental protection facility concession operation business covers desulfurization and denitrification concession operations and its major assets are located along east coast and in the areas with relatively robust economic development and strong demands for electricity. As at 31 December 2019, the cumulative installed capacity in operation for desulfurization concession operations of the Group reached 37,930MW and the cumulative installed capacity for desulfurization concession operation projects under construction reached 10,680MW. The cumulative installed capacity in operation for denitrification concession operations reached 31,800MW and the cumulative installed capacity for denitrification concession operation projects under construction reached 9,360MW. The installed capacity of the Group’s desulfurization entrusted operation projects reached 1,960MW. In 2019, the Group won four projects tendering in operating market of environmental protection facilities outside the system of China Datang Group in respect of its concession operation business, including the maintenance project for environmental protection facilities of two coal-fired power plants of State Power Investment Corporation Limited, the maintenance projects for desulfurization concession operation facilities of one coal-fired power plant of Wuhan East Lake High Technology Group Co., Ltd, and the technical service project for environmental protection facilities of Tianjin Tiangang United Special Steel Co., Ltd.. 1.2. Denitrification catalysts business In 2019, the Group’s denitrification catalysts business remained stable, with an increase in 6.1% of average sales unit price calculated based on the delivery volume as compared with 2018. In 2019, the Group sold 15,940m3 of catalyst to customers other than China Datang Group and entered into 108 contracts, among which, 15 contracts were entered with overseas customers with the aggregate sales volume of 4,738m3, while 69 contracts were entered with customers from non-electric industry such as glass and alumina sectors with the aggregate sales volume of 4,367m3. Meanwhile, the Group has mead steady progress in the disposal of waste catalysts with a total amount of 3,878m3 of waste catalysts being disposed in 2019. 1.3. Environmental protection facilities engineering business In 2019, the Group continued to carry out its environmental protection facilities engineering business, including desulfurization, denitrification, dust removal, ultra-low emission, and industrial site dust management, and actively explore the environmental market of non-electric industry such as petroleum, coking, steel, and cement. In 2019, the Group entered into two contracts for environmental protection facilities construction projects in non-electric industry with an aggregate amount of RMB30.33 million, among which, there was a contract for the dry desulfurization, denitrification, dust removal and gas comprehensive utilization project of 1 coking plant , marking a major breakthrough by the Company in the field of environmental protection in the coking industry. 1.4. Water treatment business In 2019, the Group entered into 11 contracts for waterworks projects with an aggregate amount of RMB7.3 million, among which, nine contracts have been signed outside the system of China Datang Group, with an aggregate amount of RMB5.7 million. In 2019, the Group successfully entered into the PetroChina Tarim oilfield sewage treatment project, achieving a significant breakthrough in the field of non-power industrial sewage treatment. The Group also entered into the agent-construction project for municipal sewage treatment in Dulan county, Qinghai Province and created a new business pattern. 2. Overseas Business In 2019, the Group has cumulatively entered into two overseas projects, including the Gujarat desulfurization engineering project and the NLC desulfurization engineering project in India, recording a contract amount of RMB922 million. As at 31 December 2019, the Group had five overseas projects under enforcement. Among which, the NPP5A and NPP9 projects in Thailand have been put into operation and the desulfurization project for No. 1 and No. 2 generating units in Cuddalore in India ran steadily after officially put into operation desulfurization. 2.Renewable Energy Engineering Business In 2019, the Group newly entered two contracts for renewable energy engineering projects, all of which were photovoltaic engineering projects with installed capacity of 64MW. As of 31 December 2019, the cumulative installed capacity in operation for wind power plant of the Group reached 1,614MW, while the cumulative installed capacity in operation for photovoltaic engineering projects of the Group reached 951MW. 4. Research and Development In 2019, the Group continued to enhance its cultivation of outstanding science and technology innovation achievement. The Group built up its core competitive strength and achieved outstanding results through continuous technological innovation and received a total of 10 provincial, prefecture and industrial level technological awards, among which the Research and Development and Application of Key Technology in the Entire Life Cycle of High Efficiency Coal-fired Gas Denitration Catalyst (高效燃煤燃氣脫硝催化劑全生命週期關鍵技術研發與應用) won the first prize of technological improvement in Jiangsu province, the Development and Application of Key Technology for High-Efficiency Utilization in Full Operation of Exhaust Gas Residual Heat from Integrated Air Heaters (聯合暖風器的煙氣餘熱全工況餘熱利用) won the second prize of science improvement in power construction and the Research and Application of key Technology of green and intelligent coal transportation Island (綠色智慧輸煤島關鍵技術研究與應用) won the second prize of energy innovation. In 2019, the Group continued to put emphasis on its proprietary development and innovation, commit substantial resources to research and development and persist in promoting the commercialization of technological achievements. The three proprietary technological achievements of the Group, namely the Development and Application of Key Technology for Energy and Water Conservation at the Cold End of Air-wet Cooling Units (空濕冷機組冷端節能節水關鍵技術開發與應用), the Development and Application of Technology for Flat Medium and Low Temperature Denitrification Catalysts (平板式中低溫脫硝催化劑 技術研發與應用) and the Research and Engineering Demonstration of Key Technology for Intelligent Denitrification of Ultra-low Emission Thermal Power Units (超低排放火電機組 智慧脫硝關鍵技術研究及工程示範) have successfully passed the technical assessment of competent authorities such as the China Energy Research Association and have reached internationally leading and advanced levels. In 2019, the Group was awarded 123 utility model patent authorizations in aggregate, and 25 invention patent authorizations. As at 31 December 2019, the Group has accumulatively obtained 1,201 patent authorizations, 125 of which were invention patents. In 2019, the ISO international standard “Technical guidelines for the evaluation of energy savings of thermal power plants” (ISO 50045) independently led by the Group was officially issued, making it the first ISO standard of the coal-fired power industry led by the PRC. As of 31 December 2019, the Group had a total of 42 technical standards being compiled, including 10 industry standards and group standards led by the Group. Prospects: Looking forward to 2020, the Group will be faced with both opportunities and challenges. In terms of favorable factors, firstly, the focus of air pollution control of the PRC extends from the single thermal power industry to more industrial sectors such as petroleum & chemical, steel, and cement. There is a huge market in non-electric industry. Secondly, the further promotion of the Belt and Road Initiative by the PRC will speed up the development of regional economy and promote the international cooperation in production capacity and “going global” of Chinese equipment, which brings about a promising prospect for the environmental protection business of the Group in overseas markets. Thirdly, the Group is being included in the enterprise list of “Double Hundred Actions” launched by the SASAC for the reform of state-owned enterprises, and will be faced with unprecedented reform opportunities. The implementation of the reform scheme of “Double Hundred Actions of the Reform” will help the Group break institutional constraints to provide new impetus for development. In terms of unfavorable factors, firstly, power development in the PRC has entered the crucial period of transferring mode, adjusting structure and shifting motivation. The power overcapacity, the long-term high price of coal, and the scaling up of power marketization have certain impact on the profitability of the environmental protection facility concession operation business of the Group; secondly, the environmental protection flue gas pollution treatment market in the power industry is becoming saturated. The traditional environmental protection facilities engineering business is decreasing year by year, and the competition among environmental protection enterprises is intensified, and these enterprises are in urgent need to expand their businesses to non-power areas.

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