This is the latest judgment made by Yang Bin at the 2020 (18th) water industry strategy forum hosted by E20 environment platform on June 12. There are fewer and fewer high-quality environmental protection assets, the market-oriented projects we will face in the future will be hard core , and the public welfare of this industry will be further strengthened. At least when I communicate and negotiate with local governments, they emphasize the public welfare of environmental protection industry more, he said
On June 19, Xue Tao, executive director of E20 Research Institute, told the economic observer that there are two main problems facing the environmental protection industry, one is the increasing downward pressure on the economy and the pressure on the government revenue to decline, and the other is that the effect of environmental protection governance comes from systematic problems that need to be overcome.
Xue Tao believes that the momentum of private environmental protection enterprises to introduce state-owned capital will continue for some time, and it will take another year to judge the next trend. He explained that in recent years, environmental protection private enterprises have been introducing state-owned capital, and after that, can they maintain and increase their value? Is it sustainable? If the effect is not obvious, the momentum will be contained.
Dont think of us as barbarians
Yang Bin believes that in the future, environmental protection enterprises will no longer face the problem of a city or a single sewage treatment plant. The protection of the Yangtze River and the Yellow River is a challenge for the overall planning of the whole basin, which puts forward higher requirements for the environmental protection industry and requires a more farsighted deployment. Large state-owned enterprises are more suitable to undertake such a large strategic task. They have formed a consortium and established an ecosystem from design, investment, facilities and equipment to engineering construction and operation. The path selection is very correct.
The Yangtze River eco environmental protection group has been established less than two years ago, with a registered capital of 30 billion yuan. It is the main body of the Yangtze River protection work of China Three Gorges group. Compared with the old environmental protection enterprises, it is also a new recruit in the industry.
Zhao Feng, Secretary of the Party committee and chairman of the Yangtze River ecological environment protection group, said at this forum, the local government has doubts about us. There may be more or less questions in the same industry. Why is the Three Gorges? What are you doing? You are not in the business of ecological environment protection. How much impact will you bring to us when you enter this industry?. But the task we received was very special. We play a leading role in organization and coordination. Central enterprises and state-owned enterprises, as well as all parties of social capital, have different division of labor and perform different responsibilities. All professionals do professional things.
According to Li Li, CEO of Beikong water, environmental private enterprises are facing the attack of central and local state-owned enterprises, bringing challenges to the industry and new cooperation space. He believes that the environmental protection industry is market-oriented + administrative, and it should be politically correct and professionally correct. The characteristics of the central enterprises are that they are well grounded, rich and able to work. The characteristics of the private enterprises are that they have professional service ability. They need to be combined, but whether they can be truly integrated depends on the adaptability of production relations and productivity. Organization is very important, structure is more important, mechanism is particularly important.
According to the prediction of environmental chamber of Commerce, in the next round of environmental protection enterprise development, operation management ability and core technology will become the core elements.
Environmental protection industry continues to integrate and evolve, and new market players emerge in endlessly.
Li Li believes that in the field of water affairs of environmental service industry, five new subjects will evolve - new species, new backbone, new forces, new leaders and new platforms. He compares them to elephants, tigers, monkeys, lions and forests. Among them, the reorganization and acquisition of professional environmental protection listed companies by central enterprises is likely to form new species, and the momentum of new species will be great in the future. He regards the emergence of 24 provincial environmental protection groups as the new backbone of the industry and the scientific and technological professional environmental protection companies as a new force.
For environmental protection leading enterprises, they also face transformation problems, and cooperation is their main path. On the one hand, the leading enterprises and the government supply and demand integration become a community of common destiny; on the other hand, the leading enterprises and the backbone enterprises create a new mode of cooperation and become a development community, just like the lion group and the grassland develop harmoniously, forming a situation of CO creation and co construction. There are many subdivisions of environmental protection industry, with too high dispersion and too low concentration. The pain point of local government is that it has been plagued by discretization and fragmentation. The responsibility of environmental governance is only the subcontractor, not the general contractor. So they also need a reliable force to create and build together. Li Li said.
Ma Hui judged that Chinas environmental governance has gradually changed from the initial focus on the scattered market at the end to the regional, watershed and centralized environmental comprehensive governance; from then on, it mainly focused on the end, turning to the source reduction, process comprehensive control and end governance.
On June 16, a person in charge of an environmental protection listed company told the economic observer that for many environmental protection private enterprises, the capital problem has always been the biggest problem. It is a good way for the trapped environmental protection private enterprises to introduce state-owned assets and turn them into mixed ownership enterprises through mixed reform. He also believes that the mixed reform of environmental protection enterprises will be further deepened in the future, but the core competitiveness must be formed.
It has been more than two months since Tiehan ecology and cecep signed the share transfer agreement. An insider of Tiehan ecology told reporters that the agreement is still in the approval stage of the state owned assets supervision and Administration Commission of the State Council, and it is expected to have results in July. Its a good thing for us to change our ownership of state-owned assets, including our capital, market, business and brand. This also means that in the future, we have become a listed company with the background of central enterprises.
According to the announcement of poten environment on June 14, Shanghai Fosun Chuangfu equity investment fund partnership (limited partnership), the shareholder of the company, intends to transfer not less than 5% of the shares of the listed company to Qingdao West Coast new area integration Holding Group Co., Ltd., with the transfer price limited to the overall estimated value of the listed company not more than 3.6 billion yuan. After the transfer of shares, Huijin poly (Ningbo) Investment Management Co., Ltd., the controlling shareholder of the company, agrees to entrust its voting right of 20% of the shares of the listed company to Qingdao financial control for exercise.
After the implementation of the share transfer and voting right entrustment, Qingdao financial control will have not less than 25% of the voting rights of poten environment, become its controlling shareholder, and Qingdao West Coast new area state owned assets administration will become its actual controller. Poten environment said that if this transaction is implemented, both sides will be committed to giving full play to the institutional and institutional advantages of mixed ownership, introducing systematic risk management of state-owned enterprises, continuing to give full play to the innovation vitality of private enterprises, and accelerating the sustainable, healthy and rapid development of the company. Qingdao Financial Holding Co., Ltd. can also provide all-round support for listed companies and their subsidiary companies in follow-up financing, credit enhancement and other aspects, and relieve the companys debt repayment pressure and other difficulties. Prior to that, there were also a number of environmental protection private enterprises suffering from the transfer of equity rescue. According to the statistics of the chamber of Commerce for environment, from 2018 to the end of 2019, there were 16 listed environmental protection private enterprises with substantial equity transfer behaviors, among which 15 transferees were state-owned assets and 10 actual controllers were changed, involving a transaction amount of about 18 billion yuan. Source: Yang Qian, editor in charge of Economic Observer_ NF4425
Poten environment said that if this transaction is implemented, both sides will be committed to giving full play to the institutional and institutional advantages of mixed ownership, introducing systematic risk management of state-owned enterprises, continuing to give full play to the innovation vitality of private enterprises, and accelerating the sustainable, healthy and rapid development of the company. Qingdao Financial Holding Co., Ltd. can also provide all-round support for listed companies and their subsidiary companies in follow-up financing, credit enhancement and other aspects, and relieve the companys debt repayment pressure and other difficulties.
Prior to that, there were also a number of environmental protection private enterprises suffering from the transfer of equity rescue. According to the statistics of the chamber of Commerce for environment, from 2018 to the end of 2019, there were 16 listed environmental protection private enterprises with substantial equity transfer behaviors, among which 15 transferees were state-owned assets and 10 actual controllers were changed, involving a transaction amount of about 18 billion yuan.