Zhitong Financial APP learned that CITIC issued a research report saying that China Everbright Green (01257) "buy" rating was maintained, and the EPS forecast for 2022-24 was downgraded to HK $0.34, with a target price of HK $2.04. In 2022, the company reported that 1H2022 achieved operating income of HK $4.22 billion (year-on-year) and a net profit of HK $372 million (year-on-year), or HK $0.18 per share, which was lower than the bank's expectations, mainly due to a sharp rise in biomass raw materials and fuel costs and fierce competition in the solid and hazardous waste disposal market.

In the face of the sharp upward pressure on the price of biomass raw materials, the company has established an independent collection, storage and transportation system and improved the regional scheduling mechanism, not only ensuring the supply of raw materials from the source, but also achieving the goal of price control and efficiency, the report said. In addition, we will continue to promote the transformation of biomass comprehensive utilization business to comprehensive energy, vigorously expand the combined supply of cold, heat and power, and constantly expand the gas supply market. Photovoltaic, energy storage, hydrogen energy and other emerging carbon reduction and new energy business are also being actively studied and promoted. In addition, under the dual-carbon background, the company will invigorate the existing carbon assets and create new sources of income after the liberalization of the carbon market in the future, and the hazardous and solid waste disposal business is transforming from harmless to resource. in the first half of this year, we successfully landed 100000 tons of Huangshi and 100000 tons of waste tires in Xuzhou.