Zheneng Jinjiang Environment H1 profit up 60.5% at 332 million yuan

[SINGAPORE] China-based waste treatment group Zheneng Jinjiang Environment on Saturday (Aug 9) posted a profit of 332 million yuan (S$59.4 million) for its first half ended June 30, 60.5 per cent up from 206.9 million yuan in the previous corresponding period.

This translated to an earnings per share of 0.2304 yuan, up from 0.1423 yuan the previous year.

Its revenue stood at 1.82 billion yuan, a marginal increase of 0.6 per cent from 1.81 billion yuan in H1 2024.

The top-line growth was mainly attributed to improved operational efficiency at existing waste-to-energy plants, better efficiency on enhanced grate furnace systems and an increase in revenue from slag by-products.

Finance costs fell by 36.7 million yuan to 194.6 million yuan in H1 2025, from 231.3 million yuan in H1 2024. This was due to the decline in the interest rates of domestic loans as well as the group’s proactive refinancing of loans ahead of their scheduled maturities.

No dividend was declared for the period.

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For the six-month period, the group commenced operations at the Zibo Green Energy and Wuhan Jinjiang waste-to-energy projects, adding 200 tonnes of daily waste treatment capacity and increasing installed capacity to 31 megawatts (MW).

It has six projects under construction and 16 projects in the pipeline across China and overseas. Its total installed waste treatment capacity is expected to reach 58,205 tonnes per day and 1,212 MW upon completion, further strengthening its market position.

Wei Dongliang, executive chairman of Zheneng Jinjiang, said the group is aiming to contribute to the transition that China’s energy sector is making towards a green, low-carbon economy.

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Looking ahead, Zheneng Jinjiang plans to focus on cost optimisation and enhancing efficiency across its waste-to-energy facilities, while embracing innovation to drive sustainable development, Wei said.

The counter finished Friday flat at S$0.45.