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Public company info - China Environmental Technology Holdings Ltd. , 00646.HK
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China Environmental Technology Holdings Ltd., 00646.HK - Company Profile
Chairman Xu Jingping
Share Issued (share) 3,650,000,000
Par Currency Hong Kong Dollar
Par Value 0.025
Industry Water Supply
Corporate Profile Business Summary: The Group’s principal business are trading of vehicles, machinery, equipment; environmental protection technology, equipment system integration, cities and towns wastewater treatment, project technical service and licensing of related environmental protection technical know-how. Performance for the year: For the year ended 31 December 2020, the Group recorded a revenue of approximately HK$53,500,000 (2019: approximately HK$33,787,000), representing an increase of about 58.34% compared to that of 2019. The Group’s loss attributable to owners of the Company was approximately HK$68,051,000 (2019: approximately HK$260,883,000), representing a decrease of about 73.92% as compared to that of 2019. Business Review： FOR WASTEWATER TREATMENT The wastewater treatment business of the Group has not been affected by the epidemic. Instead, its business volume has bucked the trend and achieved greater growth. Among them, newly signed orders in 2020 increased by 31.5% compared with the previous year, sales revenue increased by 58.3% compared with the previous year, gross profit increased by 254.6% compared with the previous year, and a total of 12 wastewater projects were actually delivered to customers in the whole year. In terms of continuous innovation, the Group applied for 15 new patents with the China National Intellectual Property Administration in 2020, of which 7 are invention patents and 8 are utility model patents. This year, the Group's core technology was selected into the "Major Environmental Protection Technology and Equipment Catalogue Encouraged by the State" by the Ministry of Industry and Information Technology. A standard organized by the China Engineering Construction Standardization Association that the Group participated in was promulgated, and a standard of the Ministry of Housing and Urban-Rural Development Standards Division, in which the Group was the only participant in respect of magnetic coagulation technology, entered the stage of submission for review. In addition, the Group is acting as the editor-in-chief of a standard that is being designated by the China Environmental Protection Machinery Industry Association. The Group further consolidated its technical and brand advantages in its market segments, and is becoming the core business platform of the group. FOR HEALTHCARE The Group has reformed its healthcare sector business by re-positioning itself as biotechnology institute, emphasis on researches in immune cells, cell storage, macromolecular drugs and vaccine development, as well as other life science and technologies related clinical applications and development. The Group is completing its healthcare business platform and is expecting to gain new development opportunities in nearby future. Prospects: FOR WASTEWATER TREATMENT The Group will rely on its technical and brand advantages, vigorously support the development plan of wastewater treatment business, and make the Group's wastewater treatment business bigger and stronger in respect of capital guarantee, resource integration and incentive mechanism construction, and strive to achieve leapfrog development in environmental protection business. FOR HEALTHCARE The Group will adopt a prudent and pragmatic principle to introduce professional investment institutions on the new medical business platform, develop professional partners, and carry out investment and cooperation in the fields of major immune cell diagnosis and treatment, biological cell technology research, chronic disease management, and protein recombinant vaccines. To follow the future development trend, promote the commercialization of the project, and lay a solid foundation for the long-term development strategy of the Group in the future, in order to realize the transformation of the Group. In 2020, despite the raging COVID-19 pandemic, with the concerted efforts of the entire group, the Group managed to reduce losses substantially while the Groups wastewater treatment business continued to forge ahead and the healthcare business sector has repositioned itself in new areas after shocking the chaos. The Group will continue to focus on shareholders, customers, employees and society, focus on value creation and social benefits, take risk control as a guarantee, be prudent and pragmatic, and build a sound development foundation for the business.

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