China Everbright Environment Group Limited (0257.HK) Bundle
A Brief History of China Everbright Environment Group Limited
China Everbright Environment Group Limited, originally established in 1996 as the China Everbright International Limited, has evolved significantly over the years to become a prominent player in the environmental protection and waste management sector in China. The company specializes in integrated environmental solutions, including waste-to-energy projects, water treatment, and renewable energy generation.
In 2009, the company underwent a rebranding and officially changed its name to China Everbright Environment Group Limited to better reflect its commitment to environmental sustainability. The transition marked a strategic shift towards expanding its operations and enhancing its portfolio of eco-friendly initiatives.
As of 2023, China Everbright Environment operates over 100 waste-to-energy plants, treating more than 12 million tons of waste annually. The company reported a net profit attributable to shareholders of HKD 1.5 billion for the financial year ended December 31, 2022, representing a 20% increase compared to the previous year.
The company successfully listed on the Hong Kong Stock Exchange in 2001, and since then, its market capitalization has experienced substantial growth. As of October 2023, the market cap is approximately HKD 24 billion.
| Year | Revenue (HKD billion) | Net Profit (HKD billion) | Market Capitalization (HKD billion) | Projects Launched |
|---|---|---|---|---|
| 2019 | 7.85 | 1.12 | 18.50 | 5 |
| 2020 | 9.05 | 1.25 | 19.30 | 6 |
| 2021 | 10.50 | 1.42 | 22.00 | 8 |
| 2022 | 12.00 | 1.50 | 24.00 | 10 |
| 2023 (estimated) | 14.25 | 1.75 | 24.00 | 12 |
In recent years, the company has been focusing on expanding its footprint in international markets, including operations in Germany, Singapore, and Malaysia. This strategic move aims to diversify its income sources and enhance the group’s overall profitability.
China Everbright Environment is actively engaged in making strides towards becoming a leader in the circular economy. The company has pledged to achieve a net-zero carbon footprint by 2050, aligning with global sustainability goals.
As of October 2023, the company's return on equity (ROE) stands at 12%, while the debt-to-equity ratio is 0.5. The performance metrics reflect a balanced approach to leveraging its capital base against a backdrop of ambitious growth targets and a commitment to sustainable practices.
A Who Owns China Everbright Environment Group Limited
China Everbright Environment Group Limited is a prominent player in the environmental protection industry, specifically focusing on waste-to-energy projects, waste management, and water treatment.
As of October 2023, the ownership structure of China Everbright Environment Group Limited is predominantly influenced by its parent company, China Everbright International Limited. Here are the key details about its ownership:
| Shareholder | Ownership Percentage | Shareholding Type |
|---|---|---|
| China Everbright International Limited | 45.21% | Strategic Investor |
| Public Shareholders | 54.79% | Institutional & Retail Investors |
China Everbright International Limited is a state-owned enterprise that has significant influence over the company. This strategic relationship enhances China's focus on sustainable development and environmental solutions.
In terms of stock performance, the group's shares are traded on the Hong Kong Stock Exchange under the ticker symbol 257. As of the latest trading session, the share price was approximately HK$8.50 per share, reflecting a year-to-date increase of around 15%.
For financial performance, the company's latest annual report for the fiscal year 2022 revealed:
| Financial Metric | Value (in HKD) |
|---|---|
| Revenue | 10.2 billion |
| Net Profit | 1.5 billion |
| Total Assets | 37.8 billion |
| Total Liabilities | 25.3 billion |
| Shareholder Equity | 12.5 billion |
Equity analysts have noted that the company's robust performance is attributed to its ongoing expansion into renewable energy sectors and strategic partnerships within the Asia-Pacific region.
In terms of governance, as of October 2023, the board of directors is composed of experienced professionals from various sectors including environmental sciences and finance. This diverse expertise supports informed decision-making and strategic direction.
The upcoming projects and investments are geared towards increasing operational efficiency and expanding into emerging markets. The company aims to leverage its existing infrastructure while exploring innovative waste management solutions.
China Everbright Environment Group Limited Mission Statement
China Everbright Environment Group Limited aims to provide comprehensive environmental protection services. The company focuses on waste-to-energy, waste treatment, and renewable energy projects, aligning its operations with sustainable development goals.
The mission statement emphasizes a commitment to enhancing environmental quality and improving the living standards of communities. It highlights innovation, responsibility, and cooperation as core values, which are essential for achieving its goals.
Company Vision and Values
According to its latest reports, the company’s vision is to become a leader in the environment sector, particularly within the Asia-Pacific region. Core values include:
- Innovation: Developing new technologies and methods for waste treatment.
- Responsibility: Accountability in all operations to ensure ecological sustainability.
- Cooperation: Collaborating with stakeholders to achieve optimal results.
Recent Financial Performance
The financial performance of China Everbright Environment Group Limited showcases its dedication to its mission. As of the latest fiscal year, which ended December 31, 2022, the company reported:
| Financial Metric | 2022 | 2021 |
|---|---|---|
| Total Revenue (CNY millions) | 15,800 | 13,400 |
| Net Profit (CNY millions) | 1,800 | 1,200 |
| Total Assets (CNY millions) | 57,300 | 52,500 |
| EPS (CNY) | 0.68 | 0.52 |
In the last quarter of 2022, China Everbright Environment Group Limited increased its operational capacity by approximately 25%. This expansion supports its mission by enhancing its waste-processing capabilities and advancing renewable energy initiatives.
Commitment to Sustainability
The company’s mission is further supported through its initiatives in sustainability. In 2022, it reported that:
- Implemented over 30 waste-to-energy projects.
- Treated more than 10 million tons of waste.
- Generated over 2.5 billion kWh of renewable energy.
These figures reflect the company’s commitment to reducing landfill use and promoting eco-friendly energy sources, thereby fulfilling its mission statement effectively.
China Everbright Environment Group Limited maintains an active role in the global environmental sector, pushing boundaries to develop innovative solutions tailored to local and global environmental challenges.
How China Everbright Environment Group Limited Works
China Everbright Environment Group Limited, a leading player in the environmental protection industry, primarily focuses on waste-to-energy (WtE) projects. The company is engaged in developing and operating waste treatment facilities across China. As of June 2023, it operates over 50 WtE plants, with a daily waste treatment capacity exceeding **55,000 tons**.
The group's revenue model is multifaceted, primarily deriving income from the operation of waste treatment facilities, the sale of electricity generated from waste, and government subsidies. For the fiscal year ending December 31, 2022, the company reported total revenue of approximately **RMB 11.87 billion** (approximately **USD 1.84 billion**), marking a year-on-year growth of **16%**.
In terms of financial health, China Everbright Environment reported a net profit of **RMB 1.62 billion** (approximately **USD 250 million**) for the same period, indicating a profit margin of about **13.6%**. The company's total assets reached **RMB 38.52 billion** by the end of 2022, while its total liabilities stood at **RMB 24.37 billion**, resulting in a debt-to-equity ratio of **0.63**.
| Financial Metric | 2022 Amount | 2021 Amount | Year-on-Year Growth |
|---|---|---|---|
| Total Revenue (RMB) | 11.87 billion | 10.22 billion | 16% |
| Net Profit (RMB) | 1.62 billion | 1.45 billion | 12% |
| Total Assets (RMB) | 38.52 billion | 36.50 billion | 6% |
| Total Liabilities (RMB) | 24.37 billion | 22.87 billion | 6.5% |
| Debt-to-Equity Ratio | 0.63 | 0.62 | 1.6% |
China Everbright Environment’s operational efficiency is underpinned by its advanced technologies in waste treatment and resource recovery. The firm emphasizes R&D, with **RMB 800 million** (approximately **USD 123 million**) invested in innovation and technology upgrades over the last two years. This commitment is reflected in its capability to convert **over 90%** of waste into usable energy and materials.
The company also benefits from strong government support, as the Chinese government has a robust policy framework aimed at promoting environmental sustainability. For instance, the National Development and Reform Commission has set ambitious targets for waste management, paving the way for collaboration between public authorities and private firms like China Everbright Environment. The government allocated **RMB 120 billion** for waste management initiatives in its recent five-year plan.
China Everbright's market position is bolstered by strategic partnerships and joint ventures, enhancing its operational footprint. In 2023, it entered a joint venture with a leading European waste management company to develop a state-of-the-art WtE facility in southern China, expected to handle up to **10,000 tons** of waste per day, further expanding its market share.
As of September 2023, the company’s stock is traded on the Hong Kong Stock Exchange under the ticker symbol **257**. The stock has performed well, with a year-to-date return of approximately **25%** as of the third quarter, reflecting investor confidence in its growth trajectory.
How China Everbright Environment Group Limited Makes Money
China Everbright Environment Group Limited, a leading player in the environmental protection and renewable energy sector, earns revenue primarily through several business segments, including waste-to-energy operations, environmental engineering, and municipal solid waste treatment. In the fiscal year ending December 31, 2022, the company reported a revenue of approximately RMB 15.97 billion, reflecting a 14.3% increase from the previous year.
The breakdown of revenue sources reveals that waste-to-energy projects have remained the main income driver. As of 2022, waste-to-energy operations accounted for about 58% of the total revenue, amounting to RMB 9.27 billion. This segment includes the construction and operation of waste incineration plants, generating electricity and thermal energy from municipal waste.
| Revenue Segment | Revenue (RMB) | Percentage of Total Revenue |
|---|---|---|
| Waste-to-Energy Operations | 9.27 billion | 58% |
| Environmental Engineering | 4.13 billion | 26% |
| Municipal Solid Waste Treatment | 2.57 billion | 16% |
| Total Revenue | 15.97 billion | 100% |
The environmental engineering segment has emerged as another critical revenue source, contributing RMB 4.13 billion in 2022, which constitutes 26% of the total revenue. Services in this category include integrated treatment solutions for water and air pollution, as well as resource recycling. The company's advanced technological capabilities have enabled it to secure contracts worth RMB 1.5 billion in new projects during 2022.
Municipal solid waste treatment services generated RMB 2.57 billion, or 16% of total revenue, facilitating the efficient disposal of urban waste through technologies that emphasize sustainability and resource recovery. In 2022, China Everbright managed over 10 million tons of municipal waste across its operational plants. This volume demonstrates a steady annual growth of approximately 8% in waste treatment capacity since 2021.
As of the latest reports, China Everbright Environment Group has expanded its project portfolio significantly, operating over 50 waste-to-energy plants across China. In 2022, the company completed the construction of 5 new facilities, enhancing its processing capacity by over 2 million tons of waste per year.
The company’s outlook remains optimistic due to favorable government policies that promote waste management and renewable energy initiatives. The latest government reports indicate an investment of RMB 1 trillion in environmental infrastructure by 2025, providing a conducive backdrop for continued growth. With a solid financial performance and strategic positioning in the growing environmental sector, China Everbright is poised to capitalize on these trends.
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