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Public company info - Weigang Environmental Technology Holding Group Limited , 01845.HK
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Weigang Environmental Technology Holding Group Limited, 01845.HK - Company Profile
Chairman Cai Zhuhua
Share Issued (share) 1,333,000,000
Par Currency Hong Kong Dollar
Par Value 0.05
Industry Environmental Goods
Corporate Profile Business Summary: The Group is a leading comprehensive hazardous waste incineration turnkey solution provider in China focused on the research, design, integration and commissioning of solid waste treatment systems, particularly for hazardous waste incineration. Performance for the year: Revenue increased by 12.0% from RMB480.1 million for the year ended 31 December 2018 to RMB537.5 million for the year ended 31 December 2019. The Group’s gross profit increased by 15.6% from RMB124.7 million for the year 2018 to RMB144.2 million for the year 2019, while the gross profit margin increase from 26.0% for the year ended 31 December 2018 to 26.8% for the year ended 31 December 2019. Business Review： Provision of Hazardous Waste Incineration Solutions Before 2019, the Group has 12 completed hazardous waste incineration projects with aggregate designed disposal capacity of 215,000 tonnes per annum which were passed to the Group’s customers in normal operation. In 2019, the Group completed 8 more hazardous waste incineration projects with an aggregate designed disposal capacity of approximately 220,000 tonnes per annum. As at 31 December 2019, the Group took 18 outstanding hazardous waste incineration projects on hand, covering 18 cities in China with an aggregate designed disposal capacity of approximately 458,000 tonnes per annum. Provision of Oil Sludge Thermal Desorption Solution In 2019, the second thermal desorption project of the Group which located in Karamay, Xinjiang, has already commenced operation. In 2019, the thermal desorption projects of the Group generated revenue amounted to RMB45.4 million. Provision of Pyrolysis Treatment of Solid Waste Solution In 2019, the Group continued to explore the demand of market by developing and commercializing solutions for a number of new solid waste treatment applications. Provision of Cement Plant Co-treatment of Hazardous Waste Solution In 2019, the Group had entered into a formal contract with a wellknown cement producer for the co-treatment project which located in Guangdong province, and the Group expect the project will commence operation in 2020. Prospects: Looking forward to 2020, the Group will continue to capture the opportunities brought by the policies for the development of the environmental protection industry, and actively seize more business opportunities from solid waste treatment by commercialising its advanced solid waste treatment technologies to market with the resources from strategic shareholders, the capital market network, and its strong R&D capabilities. The Group will still continue to focus on the technology innovation to further expand the Group’s business scope, maintain the Group’s leading position in the market, maximize shareholder returns and optimize the Group’s commitment of becoming a leading solid waste treatment solutions provider in China.

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