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China Everbright (01857) has entered into a joint venture agreement with EB ENVIRONMENT, EB EQUIPMENT, EB GREEN ECO-friendly Concept, EB Eco-friendly Concept, and EB ENVIRONMENT Technology to establish a joint venture company.
China Everbright (01857) announced that on February 19, 2025, the company will engage with EB ENVIRONMENT, EB Zhuang...
Finance Associated Press Venture Capital: In January, financing in the Carbon Neutrality sector totaled 1.61 billion yuan, a decrease of 95.03% month-on-month. Li Chuang Autos Electronics completed its first round of financing of nearly 0.5 billion yuan.
According to data from the China Finance Association's Venture Capital platform, in January, there were a total of 69 private equity investment events in the domestic Carbon Neutrality sector, a decrease of 28.13% from 96 events last month; The total disclosed financing amounted to approximately 1.61 billion yuan, down 95.03% from 32.404 billion yuan last month.
CITIC SEC: Maintains EB ENVIRONMENT 'Buy' rating with a Target Price of 4.1 HKD.
CITIC SEC released a research report stating that it maintains a "Buy" rating for EB ENVIRONMENT (00257), and has revised down the forecast EPS for 2024-2026 to 0.52/0.61/0.64 HKD (previous forecast was 0.68/0.69/0.71 HKD). The Target Price is set at 4.1 HKD. The company's subsidiary, CEB GREENTECH (01257), which holds 69.70% of the shares, announced that it expects the net income attributable to the parent to decline by 66-69% in 2024, affected by the intense competition in the hazardous waste Industry, and this is expected to drag down the company's performance in 2024. The company’s revenue structure continues to improve.
[Brokerage Focus] Soochow maintains a "Buy" rating on EB ENVIRONMENT (00257) noting that impairment affects reported profits, but the trend of free cash flow turning positive remains unchanged.
Golden Capital News | Soochow's Research Reports indicate that EB ENVIRONMENT (00257) has announced that it expects a net loss of approximately 0.5 billion to 0.51 billion Hong Kong dollars in 2024, an increase of about 66% to 69% compared to the loss in 2023. The institution stated that as of June 30, 2024, EB ENVIRONMENT holds a 69.7% stake in EB GREEN ENVIRONMENT. EB GREEN ENVIRONMENT's announcement expects a net loss of about 5.0 to 0.51 billion Hong Kong dollars in 2024, with EB GREEN ENVIRONMENT's net loss in 2023 being 0.3 billion Hong Kong dollars, and the loss in 2024 is expected to increase year-on-year by 2.0 to 0.21 billion Hong Kong dollars, primarily due to hazardous waste disposal.
CITIC SEC: Crude Oil Product prices may reach a turning point in supply and demand relations, with the overall investment safety margin in the Chemical Sector being relatively high.
In 2025, the energy and chemical industries still face significant challenges amidst increasing uncertainty in domestic and foreign policies.
GTJA: Maintain "Shareholding" rating for EB ENVIRONMENT (00257); the subsidiary's impairment impact is limited.
Although the impairment of Eco-friendly Concept Assets has caused fluctuations in performance, the trend of free cash flow for EB ENVIRONMENT continues to improve, maintaining expectations for stable and increased future dividends.
