Chengdu Xingrong Environment H1 Profit Up 10%, Operating Income Rises 15%
Xingrong Environmental: Semi-Annual Report 2024
Xingrong Environmental: 2024 Semi-Annual Report Summary
Chengdu Xingrong Environment (000598.SZ): Net income in the first half of the year was 0.928 billion yuan, a year-on-year increase of 9.56%.
Chengdu Xingrong Environment (000598.SZ) released its semi-annual report on August 27. The revenue was 4.008 billion yuan, a year-on-year growth of 15.18%, the net income was 0.928 billion yuan, a year-on-year growth of 9.56%, the non-GAAP net income was 0.91 billion yuan, a year-on-year growth of 10.08%, and the basic earnings per share was 0.3117 yuan.
Is Chengdu Xingrong Environment Co., Ltd. (SZSE:000598) A High Quality Stock To Own?
Chengdu Xingrong Environment (000598.SZ): the company has not yet entered the hazardous waste treatment business.
Chengdu Xingrong Environment (000598.SZ) stated on the investor interaction platform on August 16 that the company has not yet entered the hazardous waste treatment business.
Chengdu Xingrong Environment (000598.SZ): Actively promoting the business of bottled drinking water.
Chengdu Xingrong Environment (000598.SZ) stated on the investor interaction platform on August 5th that the company is actively promoting the bottled drinking water business and fulfilling its information disclosure obligations in accordance with regulations.
Chengdu Xingrong Environment (000598.SZ): Currently, Li Jiayan Reservoir is in the construction phase.
Chengdu Xingrong Environment (000598.SZ) stated on the investor interaction platform on August 5th that currently, the construction of Lijiayan Reservoir is in progress. The price of the raw water is determined by the government price department. If the price department has not determined the price of the raw water taken from Lijiayan Reservoir, it shall be priced according to the price of the raw water executed by Chengdu Urban Water Supply Co., Ltd. at that time.
Return Trends At Chengdu Xingrong Environment (SZSE:000598) Aren't Appealing
Chengdu Xingrong Environment (000598.SZ): The uses of recycled water include supplementing water for landscape and environmental purposes in water-deficient rivers, lakes, and wetlands.
Chengdu Xingrong Environment (000598.SZ) recently stated during a visit from institutional investors that the company's recycled water is used for purposes such as providing supplemental water to water-scarce rivers, lakes, and wetlands for landscaping purposes, and for municipal utility purposes.
Chengdu Xingrong Environment (000598.SZ): Focusing on its main business, extending vertically and horizontally along the business chain.
Chengdu Xingrong Environment (000598.SZ) recently stated during a received institutional investors survey that the company is a national water affairs eco-friendly concept integrated service provider, focusing on its main operation and extending vertically and horizontally along the business chain. The company is based in Chengdu and is deeply engaged in expanding its market, continuously promoting the integration of water affairs and eco-friendly concept resources of the second and third ring areas (cities/counties) in Chengdu to increase the company's market share and influence in Greater Chengdu, and actively expanding high-quality resources across the country, continuously expanding its business scale and tapping into the economies of scale to create incremental performance.
Chengdu Xingrong Environment (000598.SZ) is actively promoting the implementation of projects such as Chengdu Municipal Tap Water Plant (Phase III).
Recently, Chengdu Xingrong Environment (000598.SZ) stated during a reception for institutional investors that the company is fully promoting the implementation of projects such as the Chengdu City Tap Water Plant No.7 (Phase III), Phoenix River Second Gully Reclaimed Water Plant, Chengdu Drainage Company Cleaning Tile Weir Reclaimed Water Plant and Regulating Tank Projects, Chengdu Fifth, Sixth, and Eighth Reclaimed Water Plants (Phase II), Chengdu Wanxing Environmental Protection Power Plant (Phase III), Qionglai City Kitchen Waste Disposal Project, and Chengdu City First Urban Sewage Sludge Treatment Plant (Phase III).
Chengdu Xingrong Environment (000598.SZ): Its business sector mainly includes water supply, sewerage, and water conservancy businesses.
Chengdu Xingrong Environment (000598.SZ), during a recent meeting with institutional investors, stated that it is a leading domestic comprehensive service provider for water affairs and eco-friendly concepts. Their business involves investment, research and development, design, construction, and operation, with a complete industry chain. The company's main business sectors include water supply, sewage treatment and reused water, environmental protection, and engineering, where the ecological business includes garbage incineration power generation, leachate treatment of garbage, sludge disposal, and food waste disposal.
Huafu Securities' mid-term strategy for the eco-friendly industry: Seize high dividend opportunities and focus on low-carbon circular economy.
According to the research report released by Huafu Securities, the revenue scale of the eco-friendly industry has improved as the economy shows signs of recovery. In the first quarter of 2024, the gross margin and net margin of the industry were 27.39% and 10.45%, respectively, representing year-on-year increases of 1.42pct and 1.68pct. Due to further deepening of cost reduction and efficiency enhancement in the industry, the profitability of relevant enterprises continues to increase. Looking ahead to the second half of the year, with the high-quality development of the eco-friendly industry focusing on the "dual carbon" and circular economy, three main lines are recommended: stable volume and increased price in the water affairs industry, the peak of garbage incineration power generation industry has passed, cash flow has significantly improved,
Here's Why Chengdu Xingrong Environment (SZSE:000598) Has A Meaningful Debt Burden
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Chengdu Xingrong Environment (000598.SZ) announces the profit distribution for 2023: 1.7 yuan per 10 shares.
Chengdu Xingrong Environment (000598.SZ) announced that the profit distribution plan for the year 2023 is based on the company's existing...
Chengdu Xingrong Environment (000598.SZ) is actively promoting its bottled drinking water business.
Chengdu Xingrong Environment (000598.SZ) stated on the investor interaction platform on June 13 that the company is actively promoting the bottled drinking water business and striving to enter the market as soon as possible.
Chengdu Xingrong Environment (000598.SZ): Chengdu City Tap Water Plant Phase III Project has formed a production capacity of 400,000 tons per day.
Chengdu Xingrong Environment (000598.SZ) stated on the investor interaction platform on June 13th that Chengdu City Water Supply No.7 Plant (Phase III) project has a production capacity of 400,000 tons per day. The company is orderly pushing forward the construction of the remaining parts of the project and is expected to be completed by the end of this year.
Xingrong Environmental (000598.SZ): Currently advancing the construction of the Chengdu Wanxing Environmental Protection Power Plant (Phase III) project
Gelonghui, May 23 | Xingrong Environment (000598.SZ) recently said during a survey receiving institutional investors that the company is currently promoting the construction of the Chengdu Wanxing Environmental Power Plant (Phase III) project. The project has a domestic waste treatment scale of 5,100 tons/day, a collaborative sludge treatment scale of 800 tons/day, and a food waste treatment scale of 800 tons/day.
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