Zheneng Jinjiang Environment profit surges in H1

The company also recorded a 0.6% YoY increase in revenue.

Zheneng Jinjiang Environment's net profit attributable to equity holders surged 60.5% year on year to $59m (RMB332m), underpinned by enhanced operational efficiency.

The company also recorded a 0.6% YoY increase in revenue to $325m (RMB1.82b), primarily due to improved operational efficiency following technical upgrades and management optimisation at existing WTE plants.

As no construction service was undertaken for WTE Build-Operate-Transfer (BOT) projects during the period, revenue from the segment declined to $4m (RMB24.7m).

Meanwhile, the project technical and management service, equipment selection and sale, and energy management contracting segment contributed $679,248 (RMB3.8m).

($1=RMB5.59)