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Public company info - Denox Environmental & Technology Holdings Ltd. , 01452.HK
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Denox Environmental & Technology Holdings Ltd., 01452.HK - Company Profile
Chairman Zhao Shu
Share Issued (share) 494,000,000
Par Currency U.S. Dollar
Par Value 0.01
Industry Chemical Products
Corporate Profile Business Summary: The Company is an investment holding company and its subsidiaries are principally engaged in design, development and manufacture of DeNOx catalysts in the People’s Republic of China (the “PRC”). Performance for the year: The Group recoded a total revenue of approximately RMB61.5 million in 2019, representing an increase of 13.1% as compared to approximately RMB54.4 million in 2018. In 2019, the Group recorded a gross profit of approximately RMB6.7 million.the loss attributable to the shareholders of the Company increased by 0.9% from approximately RMB39.7 million in 2018 to approximately RMB40.1 million in 2019. Business Review： (I) Plate-type DeNOx catalysts In 2019, the Group completed production of catalysts for 39 projects, the completion rate of both production plan and delivery of goods were 100%. In the circumstance of almost no increase in the number of employees for plate-type business, through the continuous improvement of the performance appraisal system of the workshop to mobilize the enthusiasm of employees, the output increased significantly as compared to 2018 on the premise of ensuring quality. (II) Honeycomb catalysts 1. In view of the fact that the catalysts for vessels (engines) have not formed a mass market, the Group has adjusted the market direction of honeycomb catalysts to non-electrical industries such as metallurgy and cement sectors as well as the field of gas generator sets. The Group has contacted and communicated with non-electrical customers to better understand customer needs, and obtained some small-scale orders, laying the foundation for marketing in 2020; and 2. In 2019, the Group already had large-scale production capacity for honeycomb catalyst products, of which the production process has been further improved and the qualification rate has been significantly enhanced. (III) DeNOx catalysts for diesel-powered vehicles and natural gas-powered vehicles 1. In 2019, the Group successfully developed customers for the catalysts for diesel-powered vehicles under China V standards, and obtained sustained and stable orders throughout the year. The Group’s catalyst products under China V standards have won the trust of customers for their stable quality and high qualification rate; 2. In 2019, the Group developed catalyst products for natural gas-powered vehicles under China VI standards. Based on the comparative analysis on the products of the Group made by third-party testing agencies and customers, it is believed that the Group’s catalyst products for natural gas-powered vehicles have good quality. At present, the cooperation between the Group and customers has entered the stage of announcement and business negotiation, which will be an important milestone for the Group in the field of China VI vehicles; and 3. In 2019, the Group developed several categories of catalyst products for China VI dieselpowered vehicles and non-road vehicles, and communicated with many domestic automobile factories, diesel engine factories and non-road vehicle manufacturers on product and system solutions. The Group purchased various research and development equipment and smallscale production equipment to lay the foundation for obtaining orders in the future. Prospects: (I) Plate-type and honeycomb DeNOx catalysts 1. Increase marketing efforts in the power industry, recruit additional sales staff to enrich the sales team, and establish regional sales center on a trial basis to enhance regional marketing; (II) Catalysts for diesel-powered vehicles and vessel (engine) 1. China V vehicle catalysts 2. Catalysts for China VI vehicle systems (III) Continue to carry out merger, acquisition and re-organization in the energy saving and environmental protection sector In addition to the industrial denitration catalyst and vehicle catalyst product series, the Group will continue to seek opportunities regarding merger, acquisition and re-organization in energy conservation, environmental protection and other related sectors, to reduce the Group’s risk of relying on a single product.

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