公用-可再生-环境-DB Access China conference highlights.pdfVIP

公用-可再生-环境-DB Access China conference highlights.pdf

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Deutsche Bank Markets Research Asia Industry Date China Utilities/Renewable/ 17 January 2018 Utilities Utilities Environmental Industry Update Michael Tong, CFA Thomas Zhu, CFA DB Access China conference Research Analyst Research Analyst (+852 ) 2203 6167 (+852 ) 2203 6235 highlights michael.tong@ thomas.zhu@ DB Access China conference highlights Hanyu Zhang Luka Zhu The dbAccess China Conference 2018 comprised three days of meetings and Research Associate Research Associate presentations and two days of plant tours in the week of 8-12 January. This (+852 ) 2203 6207 (+852 ) 2203 6173 document consolidates the research published on attending companies in the hanyu.zhang@ luka.zhu@ utility/renewable/environmental sectors and industry expert presentations. It also includes highlights of the two-day environmental/renewable tour in Beijing/Anhui/Jiangsu and the two-day coal-to-gas tour in Hebei/Tianjin. Environmental: operating cashflow; PPP; dividends; biomass; hazardous waste CEI expects strong operating cashflow growth as a result of the strong operating capacity addition. BEW expects to collect 3-5% of the design fee on a cash-basis and expects to do 15% of EPC for its PPP

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