Business Overview Financial Summary
Jin Maoyuan Environmental Protection mainly develops and operates large-scale industrial parks dedicated to the electroplating industry in China. The Group currently has two electroplating industrial zones in China, including Huizhou Park in Guangdong, which has 100% interest, and Tianjin Bingang Park, which has 51% interest. The Group's business includes industrial park development, leasing and management. It also provides waste water treatment services and public professional services to tenants (including the sale of fresh water and circulating water and electricity to tenants), and ancillary services (including the provision of raw material procurement services and gas emission tower management services and pollutant testing services to tenants).
Competitive advantage
Ranked first among Chinese electroplating industrial park operators in terms of total revenue, with a market share of 7.4%
There are two electroplating industrial parks, including Guangdong Huizhou Park and Tianjin Bingang Park, which are the only large-scale electroplating industrial parks in the region
The electroplating industrial park industry benefits from the gradual implementation of government policies and a stable customer base
Risk Factors
It relies heavily on the expression of the Chinese electroplating industry. If the industry were to decline, it would be greatly affected
The Group's business is determined by the operating performance and financial conditions of its major customers
Changes in government policies and regulations relating to emission standards in the electroplating industry may lead to significant upgrades and additional capital investment for operators of electroplating industrial park
Use of proceeds
Approximately 22.0% was used to acquire land for the Jingzhou project in Hubei and
Construction-related infrastructure
About 36.8% were used to expand existing buildings in the Tianjin Bingang Park
Water treatment facilities
About 18.4% was used to fund two factories in Huizhou Park, Guangdong
The cost of building construction
Approximately 18.4% is used to redeem short-term bank loans
Approximately 4.40% is used for general working capital
