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东方环宇(603706)新股询价报告

華鑫證券 ·  Jun 21, 2018 00:00  · Researches

Company Profile The company is a comprehensive gas service provider that mainly supplies urban gas, including CNG automobile gas, domestic gas for residents, gas for industrial and commercial customers, covering gas supply network construction and heating services, as well as equipment installation services developed around the gas market, and customizes gas supply solutions for customers. The company's business operations are mainly concentrated within the administrative area of Changji City, Xinjiang. As of December 31, 2017, the company has 1 gas gate station in Changji City and 1 Changji receiving station on the West Second Line. The operating pipeline length has reached 1,048.72 kilometers. It has a gas network system with 1 CNG parent station and 13 gas filling stations, serving 209,000 residential customers, 510 industrial and commercial users, and 63,000 automobile CNG users. Company highlights (1) The company is located in the core area of economic development in Xinjiang. The prosperity of the regional market will drive the rapid development of the company's various businesses. As the core area of the Silk Road Economic Belt and the Tianshan North Slope Economic Belt, one of the 14 key development zones in the country, the leading development city in the Tianshan North Slope Economic Belt and a key construction city in the Wuchangshi urban agglomeration, one of the 17 urban agglomerations in Xinjiang, Changji City has become a new growth pole and an important energy strategic base for cultivation in the western region. With the launch of the Wuchang Rail Transit Project and the expansion of Urumqi Airport, Changji City will be in a major transportation and mass circulation pattern integrating modern modes of transportation such as air transport, railways, and highways, and its location advantage will become more prominent. (2) The company has been engaged in the investment and operation of urban gas for many years. It has long-term city gas franchises. The scope of the franchise is within the administrative area of Changji City, Xinjiang, and is the main natural gas operator within the administrative area of Changji City. Within this range, only two companies, the company and Mingde Gas, operate natural gas sales business. The gas supply range of Mingde Gas is in the Changji National High-tech Zone. The gas supply range is small, and the gas sales volume is small. Therefore, the company has a clear market advantage. In the long-term operation process, the company has invested a large amount of capital and has formed a large pipeline network. It covers a wide area within the administrative area of Changji City and has the advantage of scale. (3) The company is an urban gas business enterprise in Changji City. After more than ten years of experience, the company has outstanding technical and professional operation and management advantages. The company has been operating urban gas since 2001 and is the earliest operator involved in gas supply, installation and service in the Changji region. The company takes the technical advantage of talents as an important foundation for the company's development. The company regularly trains personnel every year, and has accumulated a large number of production, management and technical talents through internal training and delivery training. At the same time, the company has formulated and perfected the company's “Advanced Standardization System”, “Enterprise Internal Control System” and safety system. The establishment of these systems enables the company to carry out internal management in a standardized, standardized, scientific and efficient manner. The company has a team of professional technical and management personnel with good business quality and high loyalty to the company. It has specialized operational advantages in all aspects of business such as natural gas infrastructure construction, natural gas safety supply, and customer service.

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