Main viewpoints

1. Committed to the energy "big environmental protection", to create a century-old shop

The company is good at environmental protection, and has domestic leading and international advanced technology in petrochemical, coal chemical industry and energy saving and environmental protection technical service field. Based on this, the company builds a relatively perfect industrial chain by means of capital holding or equity participation, covering engineering design, general contracting, new materials, petrochemical e-commerce, petrochemical products trade, ship waste gas treatment, new energy and other business modules. have the determination and goal to build a century-old store.

two。 Relying on technological advantages to open up new performance growth points in the field of photothermal power generation

Based on the traditional environmental protection business, the 3D project takes solar photothermal power generation as the starting point, tackles and breaks through the related technologies such as "molten salt heat storage system", "power station heat conduction oil system", "steam generation system" and so on, and successfully wins the bid for Guangzhou Nuclear Power Station Deling photothermal power generation heat transfer and storage system EPC project, with a project amount of 256 million yuan. Take advantage of this project to win the bid, improve the company's competitiveness in the field of photothermal power generation, and open a new performance growth point.

3. Layout of ship exhaust gas, chemical e-commerce and other emerging businesses

The company actively layout the emerging business plate, on the basis of its own business, invest in two new areas: ship exhaust gas treatment and chemical e-commerce. Puyi Environmental Protection invested by the company has technical and cost advantages in ship exhaust gas treatment. After being awarded the approval certificate of exhaust gas cleaning system principle of China Classification Society (CCS), it has successively obtained the recognition certificate of French Classification Society (BV) and British Labor Classification Society (LR), and obtained the permission to enter the international and domestic market, which fills the gap in the field of ship exhaust emission control in China. And signed the "Strategic Cooperation Agreement" with the French Classification Society (BV), marking that Puyi's environmentally friendly ship exhaust gas washing and desulphurization products are among the first-class in the world.

In 2015, the company established a joint venture with Shanghai Zhishang and invested 50 million to set up a three-dimensional wholly-owned subsidiary of CNPC, extending the industrial chain to the fields of oil and product sales and trade brokerage, and opening up online and offline resources in the chemical market.

4. Traditional chemical engineering design and general contracting business orders are stable.

At present, the traditional engineering design and general contracting orders are more than 600 million yuan, and the new orders are stable, which can support the company's performance. In the second half of this year, the performance of new orders was released intensively, and the operating condition of the year is expected to return to 2014 levels.

5. Risk hint: the development of photothermal power generation is not as expected, and the development of emerging business is slow.